XML 40 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental revenue $ 188,079 $ 185,074 $ 551,835 $ 545,475
Fee and other income 10,238 7,522 26,857 22,811
Total revenues 198,317 192,596 578,692 568,286
Expenses:        
Operating 71,648 69,811 207,601 206,435
Depreciation and amortization 63,058 64,610 188,772 194,541
General and administrative 16,319 14,452 51,457 44,278
Transaction related costs 786 450 1,704 863
Total expenses 151,811 149,323 449,534 446,117
Other income (expense):        
(Loss) income from unconsolidated joint ventures (1,332) 472 (2,815) 2,931
Income (loss) from unconsolidated real estate funds 206 (188) 271 (268)
Interest and other income, net 1,222 2,778 7,705 6,888
Interest and debt expense (37,325) (37,105) (111,462) (109,996)
Real estate impairment loss       (46,000)
Gain on sale of real estate 1,140 36,845 1,140 36,845
Net income before income taxes 10,417 46,075 23,997 12,569
Income tax benefit (expense) 583 (1,814) (823) (2,171)
Net income 11,000 44,261 23,174 10,398
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated joint ventures (3,051) (2,713) (8,253) (5,520)
Consolidated real estate fund (109) (86) (256) (668)
Operating Partnership (758) (3,931) (1,419) (381)
Net income attributable to common stockholders $ 7,082 $ 37,531 $ 13,246 $ 3,829
Income per Common Share - Basic:        
Income per common share $ 0.03 $ 0.16 $ 0.06 $ 0.02
Weighted average shares outstanding 231,197,838 240,447,921 232,974,210 240,365,882
Income per Common Share - Diluted:        
Income per common share $ 0.03 $ 0.16 $ 0.06 $ 0.02
Weighted average shares outstanding 231,229,939 240,489,138 233,004,917 240,391,184