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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following table shows the revenues for each of the reportable segments, as well as a reconciliation to consolidated revenues, for the three months ended March 31, 2016 and 2015, respectively (in thousands): 
 
 
Three Months Ended March 31,
 
 
2016
 
2015
Revenues
 
 
 
 
Rental Operations:
 
 
 
 
Industrial
 
$
142,980

 
$
147,227

Medical Office
 
42,225

 
40,028

Non-reportable Rental Operations
 
14,896

 
25,536

Service Operations
 
23,151

 
52,820

Total segment revenues
 
223,252

 
265,611

Other revenue
 
1,702

 
1,824

Consolidated revenue from continuing operations
 
224,954

 
267,435

Discontinued operations
 
229

 
32,115

Consolidated revenue
 
$
225,183

 
$
299,550

Summary of Net Operation Income
The following table shows a reconciliation of our segment-level measures of profitability to consolidated income from continuing operations before income taxes for the three months ended March 31, 2016 and 2015, respectively (in thousands and excluding discontinued operations): 
 
 
Three Months Ended March 31,
 
 
2016
 
2015
PNOI
 
 
 
 
Industrial
 
$
102,113

 
$
93,272

Medical Office
 
27,242

 
25,233

Non-reportable Rental Operations
 
9,173

 
9,960

PNOI, excluding all sold/held for sale properties

 
138,528

 
128,465

PNOI from sold/held-for-sale properties included in continuing operations
 
2,310

 
14,261

PNOI, continuing operations

 
$
140,838

 
$
142,726

 
 
 
 
 
Earnings from Service Operations
 
2,231

 
5,797

 
 

 

Rental Operations revenues and expenses excluded from PNOI:
Straight-line rental income and expense, net
 
2,923

 
6,697

Revenues related to lease buyouts
 
165

 
864

Amortization of lease concessions and above and below market rents
 
(633
)
 
(1,713
)
Intercompany rents and other adjusting items
 
7

 
(460
)
Non-Segment Items:
 
 
 
 
Equity in earnings of unconsolidated companies
 
21,860

 
6,246

Interest expense
 
(37,730
)
 
(49,610
)
Depreciation expense
 
(77,798
)
 
(81,903
)
Gain on sale of properties
 
15,577

 
23,484

Impairment charges on non-depreciable properties
 
(6,405
)
 

Interest and other income, net
 
2,523

 
338

General and administrative expenses
 
(18,098
)
 
(17,004
)
Gain on land sales
 
130

 
5,425

Other operating expenses
 
(1,237
)
 
(1,557
)
Acquisition-related activity
 
(3
)
 
(28
)
Other non-segment revenues and expenses, net
 
(402
)
 
(402
)
Income from continuing operations before income taxes
 
$
43,948

 
$
38,900

Reportable Segments Consolidated Assets
The assets for each of the reportable segments at March 31, 2016 and December 31, 2015 were as follows (in thousands): 
 
March 31,
2016
 
December 31,
2015
Assets
 
 
 
Rental Operations:
 
 
 
Industrial
$
4,614,478

 
$
4,552,107

Medical Office
1,279,562

 
1,269,546

Non-reportable Rental Operations
321,451

 
367,469

Service Operations
135,558

 
137,257

Total segment assets
6,351,049

 
6,326,379

Non-segment assets
545,911

 
569,136

Consolidated assets
$
6,896,960

 
$
6,895,515