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Consolidated and Combined Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUE        
Property rentals $ 125,240 $ 100,747 $ 251,891 $ 199,771
Tenant reimbursements 7,967 8,947 18,907 17,488
Third-party real estate services, including reimbursements 24,160 6,794 48,490 13,919
Other income 2,080 1,532 3,196 3,114
Total revenue 159,447 118,020 322,484 234,292
EXPENSES        
Depreciation and amortization 48,117 31,993 97,277 65,775
Property operating 30,416 23,955 61,277 47,736
Real estate taxes 17,509 15,582 37,119 30,754
General and administrative:        
Corporate and other 12,651 11,552 25,362 24,944
Third-party real estate services 21,189 4,486 43,798 9,184
Share-based compensation related to Formation Transaction 9,097 0 18,525 0
Transaction and other costs 3,787 5,237 8,008 11,078
Operating Expenses 142,766 92,805 291,366 189,471
OPERATING INCOME 16,681 25,215 31,118 44,821
Income from unconsolidated real estate ventures, net 3,836 105 1,934 314
Interest and other income, net 513 970 1,086 1,745
Interest expense (18,027) (14,586) (37,284) (28,504)
Gains (Losses) on Sales of Investment Real Estate 33,396 0 33,851 0
Loss on extinguishment of debt (4,457) 0 (4,457) 0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Bargain Purchase, Reduction Of Gain (7,606) 0 (7,606) 0
INCOME BEFORE INCOME TAX (EXPENSE) BENEFIT 24,336 11,704 18,642 18,376
Income tax (expense) benefit (313) (363) 595 (717)
NET INCOME 24,023 11,341 19,237 17,659
Net income attributable to redeemable noncontrolling interests (3,574) 0 (2,980) 0
Net loss attributable to noncontrolling interests 125 0 127 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 20,574 $ 11,341 $ 16,384 $ 17,659
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ 0.17 $ 0.11 $ 0.14 $ 0.18
Diluted (in dollars per share) $ 0.17 $ 0.11 $ 0.14 $ 0.18
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - basic and diluted (in shares) 117,955 100,571 117,955 100,571
Weighted Average Number of Shares Outstanding, Diluted 117,955 100,571 117,955 100,571