XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Rentals, net $ 118,321 $ 108,050
Other 3,050 3,302
Total Revenues 121,371 111,352
Operating Expenses:    
Depreciation and amortization 38,556 36,656
Operating 23,287 23,160
Real estate taxes, net 16,735 15,008
Impairment loss 325 44
General and administrative 10,604 2,307
Total Operating Expenses 89,507 77,175
Other Income (Expense):    
Interest expense, net (16,619) (14,602)
Interest and other income (expense), net 1,654 (5,828)
Gain on sale of property 9,131 13,576
Total Other Expense (5,834) (6,854)
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships 26,030 27,323
Provision for Income Taxes (238) (172)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 4,087 27,097
Net Income 29,879 54,248
Less: Net Income Attributable to Noncontrolling Interests (1,842) (1,626)
Net Income Attributable to Common Shareholders $ 28,037 $ 52,622
Earnings Per Common Share - Basic:    
Net income attributable to common shareholders (dollars per share) $ 0.22 $ 0.41
Earnings Per Common Share - Diluted:    
Net income attributable to common shareholders (dollars per share) $ 0.22 $ 0.41