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Consolidated and Combined Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUE        
Property rentals $ 123,203,000 $ 116,458,000 $ 375,094,000 $ 316,899,000
Reimbursements from Tenants 9,744,000 9,593,000 28,651,000 27,161,000
Third-party real estate services, including reimbursements 23,788,000 25,141,000 72,278,000 38,881,000
Other income 1,708,000 1,158,000 4,904,000 3,701,000
Total revenue 158,443,000 152,350,000 480,927,000 386,642,000
EXPENSES        
Depreciation and amortization 46,603,000 43,951,000 143,880,000 109,726,000
Property operating 34,167,000 29,634,000 95,462,000 77,341,000
Real estate taxes 16,905,000 17,194,000 54,024,000 47,978,000
General and administrative:        
Corporate and other 12,415,000 10,593,000 37,759,000 35,536,000
Third-party real estate services 20,754,000 21,178,000 64,552,000 30,362,000
Share-based compensation related to Formation Transaction 8,387,000 14,445,000 26,912,000 14,445,000
Transaction and other costs 4,126,000 104,095,000 12,134,000 115,173,000
Operating Expenses 143,357,000 241,090,000 434,723,000 430,561,000
OPERATING INCOME (LOSS) 15,086,000 (88,740,000) 46,204,000 (43,919,000)
Income (loss) from unconsolidated real estate ventures, net 13,484,000 (1,679,000) 15,418,000 (1,365,000)
Interest and other income (loss), net 4,091,000 (379,000) 5,177,000 1,366,000
Interest expense (18,979,000) (15,309,000) (56,263,000) (43,813,000)
Gains (Losses) on Sales of Investment Real Estate 11,938,000 0 45,789,000 0
Loss on extinguishment of debt (79,000) (689,000) (4,536,000) (689,000)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Bargain Purchase, Reduction Of Gain 0 27,771,000 (7,606,000) 27,771,000
INCOME (LOSS) BEFORE INCOME TAX BENEFIT 25,541,000 (79,025,000) 44,183,000 (60,649,000)
Income tax benefit 841,000 1,034,000 1,436,000 317,000
NET INCOME (LOSS) 26,382,000 (77,991,000) 45,619,000 (60,332,000)
Net (income) loss attributable to redeemable noncontrolling interests (3,552,000) 8,160,000 (6,532,000) 2,481,000
Net loss attributable to noncontrolling interests 0 0 (127,000) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 22,830,000 $ (69,831,000) $ 39,214,000 $ (57,851,000)
EARNINGS (LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ 0.19 $ (0.61) $ 0.33 $ (0.55)
Diluted (in dollars per share) $ 0.19 $ (0.61) $ 0.33 $ (0.55)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - basic and diluted (in shares) 119,835 114,744 118,588 105,347
Weighted Average Number of Shares Outstanding, Diluted 119,835 114,744 118,588 105,347