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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
REVENUE      
Rental income $ 45,584 $ 41,389 $ 136,737
Tenant reimbursements 12,023 12,674 45,741
Total revenue 57,607 54,063 182,478
EXPENSES      
Property operating 4,505 2,815 17,176
Real estate taxes 7,965 10,741 31,101
Depreciation and amortization 44,532 32,935 121,365
General and administrative 4,252 5,782 13,104
Litigation charge 19,000   19,000
Allowance for doubtful accounts 124   269
Acquisition-related expenses   18,340 73
Total expenses 80,378 70,613 202,088
Operating income (22,771) (16,550) (19,610)
Equity in income of unconsolidated joint ventures 1,497 2,720 4,495
Interest and other income 77 38 196
Interest expense (15,931) (14,796) (47,297)
Unrealized loss on interest rate cap (47) (2,814) (1,898)
Loss before income taxes (37,175) (31,402) (64,114)
Provision for income taxes (72) (451) (412)
Net loss (37,247) (31,853) (64,526)
Net loss attributable to non-controlling interests 16,145 13,552 27,972
Net loss attributable to common shareholders $ (21,102) $ (18,301) $ (36,554)
Net loss per share attributable to Class A and Class C common shareholders - Basic and diluted $ (0.67) $ (0.58) $ (1.16)
Weighted average Class A and Class C common shares outstanding - Basic and diluted 31,419 31,384 31,414