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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rentals, net $ 119,462 $ 138,737 $ 239,288 $ 267,885
Other 3,198 3,349 6,510 6,653
Total Revenues 122,660 142,086 245,798 274,538
Operating Expenses:        
Depreciation and amortization 34,967 50,421 68,939 88,516
Operating 22,767 24,104 47,015 47,374
Real estate taxes, net 15,736 17,466 31,867 35,105
Impairment loss 0 0 74 0
General and administrative 8,880 6,149 18,461 11,744
Total Operating Expenses 82,350 98,140 166,356 182,739
Other Income (Expense):        
Interest expense, net (14,953) (17,017) (30,242) (31,689)
Interest and other income (expense) 1,921 1,355 6,305 2,888
Gain on sale of property 52,061 46,953 69,848 155,998
Total Other Income 39,029 31,291 45,911 127,197
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships 79,339 75,237 125,353 218,996
Provision for Income Taxes (484) (684) (661) (1,467)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 6,665 5,318 12,082 11,311
Net Income 85,520 79,871 136,774 228,840
Less: Net Income Attributable to Noncontrolling Interests (1,711) (1,582) (3,299) (3,727)
Net Income Attributable to Common Shareholders $ 83,809 $ 78,289 $ 133,475 $ 225,113
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.66 $ 0.61 $ 1.04 $ 1.76
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.65 $ 0.61 $ 1.03 $ 1.74