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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental revenue $ 165,420 $ 181,115 $ 504,834 $ 530,500
Fee and other income 11,355 10,138 27,045 26,485
Total revenues 176,775 191,253 531,879 556,985
Expenses:        
Operating 67,865 68,846 199,192 199,043
Depreciation and amortization 58,889 60,696 176,032 181,685
General and administrative 16,805 16,319 46,955 51,457
Transaction related costs 81 786 542 1,704
Total expenses 143,640 146,647 422,721 433,889
Other income (expense):        
Loss from unconsolidated joint ventures (4,268) (1,332) (14,444) (2,815)
(Loss) income from unconsolidated real estate funds (56) 206 85 271
Interest and other income, net 1,104 1,222 2,360 7,705
Interest and debt expense (35,792) (37,325) (108,420) (111,462)
(Loss) income from continuing operations, before income taxes (5,877) 7,377 (11,261) 16,795
Income tax (expense) benefit (393) 583 (1,135) (823)
(Loss) income from continuing operations, net (6,270) 7,960 (12,396) 15,972
Income from discontinued operations, net 2,147 3,040 5,815 7,202
Net (loss) income (4,123) 11,000 (6,581) 23,174
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated joint ventures (3,566) (3,051) (5,485) (8,253)
Consolidated real estate fund 79 (109) 1,291 (256)
Operating Partnership 652 (758) 895 (1,419)
Net (loss) income attributable to common stockholders $ (6,958) $ 7,082 $ (9,880) $ 13,246
(Loss) income per Common Share - Basic:        
(Loss) income from continuing operations, net $ (0.04) $ 0.02 $ (0.07) $ 0.03
Income from discontinued operations, net 0.01 0.01 0.03 0.03
Net (loss) income per common share $ (0.03) $ 0.03 $ (0.04) $ 0.06
Weighted average common shares outstanding 221,461,146 231,197,838 223,593,376 232,974,210
(Loss) income per Common Share - Diluted:        
(Loss) income from continuing operations, net $ (0.04) $ 0.02 $ (0.07) $ 0.03
Income from discontinued operations, net 0.01 0.01 0.03 0.03
Net (loss) income per common share $ (0.03) $ 0.03 $ (0.04) $ 0.06
Weighted average common shares outstanding 221,461,146 231,229,939 223,593,376 233,004,917