XML 59 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Rental revenue $ 734,477 $ 727,295 $ 683,490
Fee and other income 34,703 31,666 35,477
Total revenues 769,180 758,961 718,967
Expenses:      
Operating 274,836 274,078 266,136
Depreciation and amortization 248,347 258,225 266,037
General and administrative 68,556 57,563 61,577
Transaction related costs 1,999 1,471 2,027
Total expenses 593,738 591,337 595,777
Other income (expense):      
(Loss) income from unconsolidated joint ventures (4,706) 3,468 20,185
Loss from unconsolidated real estate funds (343) (269) (6,143)
Interest and other income (loss), net 9,844 8,117 (9,031)
Interest and debt expense (156,679) (147,653) (143,762)
Loss on early extinguishment of debt (11,989)   (7,877)
Real estate impairment loss (42,000) (46,000)  
Gain on sale of real estate 1,140 36,845 133,989
Unrealized gain on interest rate swaps     1,802
Net (loss) income before income taxes (29,291) 22,132 112,353
Income tax expense (312) (3,139) (5,177)
Net (loss) income (29,603) 18,993 107,176
Less net (income) loss attributable to noncontrolling interests in:      
Consolidated joint ventures (11,022) (8,182) 10,365
Consolidated real estate fund (313) (720) (19,797)
Operating Partnership 4,039 (944) (11,363)
Net (loss) income attributable to common stockholders $ (36,899) $ 9,147 $ 86,381
(Loss) income per Common Share - Basic:      
(Loss) income per common share $ (0.16) $ 0.04 $ 0.37
Weighted average shares outstanding 231,538,065 239,526,694 236,372,801
(Loss) income per Common Share - Diluted:      
(Loss) income per common share $ (0.16) $ 0.04 $ 0.37
Weighted average shares outstanding 231,538,065 239,555,636 236,401,548