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Selected Quarterly Results (Tables)
12 Months Ended
Dec. 31, 2019
Selected Quarterly Results [Abstract]  
Summary Of Results Of Operations



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

First

 

Second

 

Third

 

Fourth

 

 

 

2019

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Total

Revenues (1)

 

$  

217,352 

 

 

245,693 

 

 

249,613 

 

 

234,213 

 

 

946,871 

Costs and expenses (1)

 

 

211,491 

 

 

265,674 

 

 

239,237 

 

 

219,613 

 

 

936,015 



 

 

5,861 

 

 

(19,981)

 

 

10,376 

 

 

14,600 

 

 

10,856 

Equity in net (loss) earnings of unconsolidated real estate joint ventures

 

 

(17)

 

 

8,759 

 

 

28,534 

 

 

622 

 

 

37,898 

Other income (expense)

 

 

513 

 

 

2,289 

 

 

2,272 

 

 

(4,992)

 

 

82 

Foreign exchange gains (losses)

 

 

 

 

(29)

 

 

 —

 

 

(51)

 

 

(75)

Income (loss) before income taxes

 

 

6,362 

 

 

(8,962)

 

 

41,182 

 

 

10,179 

 

 

48,761 

(Provision) benefit for income taxes

 

 

(1,724)

 

 

1,338 

 

 

(14,682)

 

 

(1,590)

 

 

(16,658)

Net income (loss)

 

 

4,638 

 

 

(7,624)

 

 

26,500 

 

 

8,589 

 

 

32,103 

Less: Net income attributable to noncontrolling interests

 

 

3,139 

 

 

4,024 

 

 

4,112 

 

 

3,137 

 

 

14,412 

Net income (loss) attributable to shareholders

 

 

1,499 

 

 

(11,648)

 

 

22,388 

 

 

5,452 

 

 

17,691 

Basic earnings (loss) per common share

 

$

0.02 

 

 

(0.12)

 

 

0.24 

 

 

0.06 

 

 

0.19 

Diluted earnings (loss) per common share

 

$

0.02 

 

 

(0.12)

 

 

0.24 

 

 

0.06 

 

 

0.19 

Basic weighted average number of common shares outstanding

 

 

93,220 

 

 

93,207 

 

 

92,587 

 

 

91,497 

 

 

92,628 

Diluted weighted average number of common and common equivalent shares outstanding

 

 

94,487 

 

 

93,207 

 

 

94,059 

 

 

91,572 

 

 

93,654 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

First

 

Second

 

Third

 

Fourth

 

 

 

2018

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Total

Revenues

 

$  

217,771 

 

 

242,410 

 

 

253,873 

 

 

231,844 

 

 

945,898 

Costs and expenses

 

 

197,072 

 

 

221,607 

 

 

236,125 

 

 

219,619 

 

 

874,423 



 

 

20,699 

 

 

20,803 

 

 

17,748 

 

 

12,225 

 

 

71,475 

Equity in net earnings (loss) of unconsolidated real estate joint ventures

 

 

1,280 

 

 

(488)

 

 

373 

 

 

13,029 

 

 

14,194 

Other income

 

 

271 

 

 

816 

 

 

530 

 

 

78 

 

 

1,695 

Foreign exchange gains (losses)

 

 

52 

 

 

(37)

 

 

76 

 

 

(23)

 

 

68 

Income before income taxes

 

 

22,302 

 

 

21,094 

 

 

18,727 

 

 

25,309 

 

 

87,432 

Provision for income taxes

 

 

(6,600)

 

 

(8,655)

 

 

(6,742)

 

 

(9,642)

 

 

(31,639)

Net income

 

 

15,702 

 

 

12,439 

 

 

11,985 

 

 

15,667 

 

 

55,793 

Less: Net income attributable to noncontrolling interests

 

 

4,560 

 

 

5,958 

 

 

5,806 

 

 

4,367 

 

 

20,691 

Net income attributable to shareholders

 

 

11,142 

 

 

6,481 

 

 

6,179 

 

 

11,300 

 

 

35,102 

Basic earnings per common share

 

$

0.11 

 

 

0.07 

 

 

0.07 

 

 

0.12 

 

 

0.37 

Diluted earnings per common share

 

$

0.11 

 

 

0.07 

 

 

0.06 

 

 

0.12 

 

 

0.36 

Basic weighted average number of common shares outstanding

 

 

99,652 

 

 

94,390 

 

 

93,193 

 

 

94,042 

 

 

95,298 

Diluted weighted average number of common and common equivalent shares outstanding

 

 

102,628 

 

 

97,779 

 

 

96,576 

 

 

95,041 

 

 

97,860 

 

 (1) During the fourth quarter of 2019, the prior 2019 quarterly revenue and operating expense amounts were reclassified for consistency to conform to the fourth quarter 2019 presentation.