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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES:        
Rental income $ 158,187 $ 155,181 $ 313,577 $ 296,433
Tenant reimbursement income 11,856 10,334 24,708 21,123
Fee and other income 7,661 6,788 20,655 27,665
Total revenues 177,704 172,303 358,940 345,221
EXPENSES:        
Operating 63,461 59,994 129,432 122,939
Depreciation and amortization 68,636 67,287 131,628 142,099
General and administrative 16,573 12,139 30,154 26,100
Transaction related costs 502 508 777 1,443
Total expenses 149,172 139,928 291,991 292,581
Operating income 28,532 32,375 66,949 52,640
Income from unconsolidated joint ventures 16,535 2,003 18,472 3,499
Loss from unconsolidated real estate funds (2,411) (960) (2,123) (1,286)
Interest and other income, net 2,486 1,030 5,686 2,730
Interest and debt expense (34,817) (38,009) (71,835) (75,128)
Debt breakage costs (5,162)   (7,877)  
Gain on sale of real estate 133,989   133,989  
Unrealized gain on interest rate swaps   10,073 1,802 16,933
Net income (loss) before income taxes 139,152 6,512 145,063 (612)
Income tax (expense) benefit 970 (1,398) 5,252 (1,035)
Net income 138,182 7,910 139,811 423
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated joint ventures (1,897) (4,107) (3,188) (5,359)
Consolidated real estate fund (20,169) 78 (20,081) 752
Operating Partnership (13,100) (693) (13,154) 878
Net income (loss) attributable to common stockholders $ 103,016 $ 3,188 $ 103,388 $ (3,306)
INCOME (LOSS) PER COMMON SHARE - BASIC:        
Income (loss) per common share $ 0.44 $ 0.01 $ 0.44 $ (0.02)
Weighted average shares outstanding 234,990,468 217,121,592 232,968,602 214,762,593
INCOME (LOSS) PER COMMON SHARE - DILUTED:        
Income (loss) per common share $ 0.44 $ 0.01 $ 0.44 $ (0.02)
Weighted average shares outstanding 235,010,830 217,137,557 232,995,822 214,762,593
DIVIDENDS PER COMMON SHARE $ 0.095 $ 0.095 $ 0.190 $ 0.190