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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES:        
Rental income $ 167,934,000 $ 156,384,000 $ 500,868,000 $ 469,961,000
Tenant reimbursement income 15,579,000 14,053,000 42,989,000 38,761,000
Fee and other income 9,083,000 9,333,000 24,429,000 29,988,000
Total revenues 192,596,000 179,770,000 568,286,000 538,710,000
EXPENSES:        
Operating 69,811,000 68,264,000 206,435,000 197,696,000
Depreciation and amortization 64,610,000 66,515,000 194,541,000 198,143,000
General and administrative 14,452,000 14,470,000 44,278,000 44,624,000
Transaction related costs 450,000 274,000 863,000 1,051,000
Real estate impairment loss     46,000,000  
Total expenses 149,323,000 149,523,000 492,117,000 441,514,000
Operating income 43,273,000 30,247,000 76,169,000 97,196,000
Income from unconsolidated joint ventures 472,000 671,000 2,931,000 19,143,000
Loss from unconsolidated real estate funds (188,000) (3,930,000) (268,000) (6,053,000)
Interest and other income (loss), net 2,778,000 (17,668,000) 6,888,000 (11,982,000)
Interest and debt expense (37,105,000) (35,733,000) (109,996,000) (107,568,000)
Loss on early extinguishment of debt       (7,877,000)
Gain on sale of real estate 36,845,000   36,845,000 133,989,000
Unrealized gain on interest rate swaps       1,802,000
Net income (loss) before income taxes 46,075,000 (26,413,000) 12,569,000 118,650,000
Income tax (expense) benefit (1,814,000) 1,010,000 (2,171,000) (4,242,000)
Net income (loss) 44,261,000 (25,403,000) 10,398,000 114,408,000
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated joint ventures (2,713,000) 14,217,000 (5,520,000) 11,029,000
Consolidated real estate fund (86,000) (114,000) (668,000) (20,195,000)
Operating Partnership (3,931,000) 1,086,000 (381,000) (12,068,000)
Net income (loss) attributable to common stockholders $ 37,531,000 $ (10,214,000) $ 3,829,000 $ 93,174,000
INCOME (LOSS) PER COMMON SHARE - BASIC:        
Income (loss) per common share $ 0.16 $ (0.04) $ 0.02 $ 0.40
Weighted average shares outstanding 240,447,921 239,445,810 240,365,882 235,151,398
INCOME (LOSS) PER COMMON SHARE - DILUTED:        
Income (loss) per common share $ 0.16 $ (0.04) $ 0.02 $ 0.40
Weighted average shares outstanding 240,489,138 239,445,810 240,391,184 235,177,683