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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Rental revenue $ 14,393 $ 15,695
Expenses    
Property operating 665 286
General and administrative 1,478 1,699
Acquisition-related 127 185
Amortization 3,517 4,022
Impairments 204  
Total expenses 5,991 6,192
Other income and expenses    
Interest and other income 394 438
Interest expense (4,488) (6,272)
Unrealized gain (loss) on derivatives (2,762) 3,148
Equity loss from unconsolidated joint venture (55)  
Gain on sale of real property interests 5,862  
Foreign currency transaction loss (21)  
Total other income and expenses (1,070) (2,686)
Income before income tax expense 7,332 6,817
Income tax expense 122 76
Net income 7,210 6,741
Less: Net income attributable to noncontrolling interest 8 4
Net income attributable to limited partners 7,202 6,737
Less: Distributions declared to preferred unitholders (2,894) (1,944)
Less: General partner's incentive distribution rights (197) (195)
Net income attributable to common and subordinated unitholders $ 3,755 $ 4,598
Net income (loss) per common and subordinated unit    
Common units – basic $ 0.15 $ 0.21
Common units – diluted $ 0.15 0.19
Subordinated units – basic and diluted   $ (0.19)
Weighted average common and subordinated units outstanding    
Common units – basic 25,338 22,996
Common units – diluted 25,338 24,564
Subordinated units – basic and diluted   1,568
Cash distributions declared per common and subordinated unit $ 0.3675 $ 0.3675
Preferred Units Series C    
Other income and expenses    
Less: Accretion of Series C preferred units $ (356)