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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE    
Property rentals $ 120,380 $ 119,413
Third-party real estate services, including reimbursements 29,716 27,691
Other revenue 8,011 8,095
Total revenue 158,107 155,199
EXPENSES    
Depreciation and amortization 48,489 48,719
Property operating 34,503 32,174
Real estate taxes 18,199 17,235
General and administrative:    
Corporate and other 13,176 12,314
Third-party real estate services 28,814 28,066
Share-based compensation related to Formation Transaction and special equity awards 9,441 11,131
Transaction and other costs 5,309 4,895
Total expenses 157,931 154,534
Income (loss) from unconsolidated real estate ventures, net (2,692) 3,601
Interest and other income, net 907 951
Interest expense (12,005) (17,174)
Gain on sale of real estate 59,477 39,033
Loss on extinguishment of debt (33)  
Total other income (expense) 45,654 26,411
INCOME BEFORE INCOME TAX BENEFIT 45,830 27,076
Income tax benefit 2,345 1,172
NET INCOME 48,175 28,248
Net income attributable to redeemable noncontrolling interests (5,250) (3,387)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 42,925 $ 24,861
EARNINGS (LOSS) PER COMMON SHARE:    
Earnings Per Share, Basic $ 0.32 $ 0.20
Earnings Per Share, Diluted $ 0.32 $ 0.20
Weighted average number of common shares outstanding - basic 134,542 122,573
Weighted Average Number of Shares Outstanding, Diluted 135,429 123,423