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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Rentals, net $ 125,261 $ 141,064 $ 392,510 $ 424,845
Other 3,529 3,046 10,818 8,951
Total 128,790 144,110 403,328 433,796
Expenses:        
Depreciation and amortization 38,042 41,509 126,558 126,115
Operating 22,555 27,813 69,929 83,944
Real estate taxes, net 17,601 18,634 52,706 57,783
Impairment loss 2,398 0 2,398 15,012
General and administrative 5,971 6,450 17,715 20,252
Total 86,567 94,406 269,306 303,106
Operating Income 42,223 49,704 134,022 130,690
Interest Expense, net (15,996) (19,850) (47,685) (61,405)
Interest and Other Income (Expense) 1,847 1,398 4,735 4,210
Benefit (Provision) for Income Taxes 99 (577) (1,368) 2,035
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 8,022 5,219 19,333 17,966
Income from Continuing Operations 36,195 35,894 109,037 93,496
Gain on Sale of Property 17,079 38,579 173,077 86,566
Net Income 53,274 74,473 282,114 180,062
Less: Net Income Attributable to Noncontrolling Interests (10,293) (1,844) (14,020) (12,755)
Net Income Attributable to Common Shareholders $ 42,981 $ 72,629 $ 268,094 $ 167,307
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.34 $ 0.57 $ 2.10 $ 1.31
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.34 $ 0.56 $ 2.08 $ 1.30