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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues $ 262,213 $ 250,262 $ 189,939
Operating expenses      
Depreciation and amortization 117,549 104,934 70,011
General and administrative 34,343 33,756 40,648
Real estate taxes 36,712 35,946 25,630
Property operating 45,211 41,668 24,244
Impairment charge 0 14,455 0
Other operating 857 2,184 7,517
Total operating expenses 234,672 232,943 168,050
Operating income 27,541 17,319 21,889
Equity in earnings of unconsolidated affiliates inclusive of gain on disposition of properties of $0, $15,336 and $35,950, respectively 9,302 23,371 39,449
Interest income 13,231 29,143 25,829
Interest expense (69,978) (58,978) (34,645)
Gain on change in control 0 5,571 0
(Loss) income from continuing operations before income taxes (19,904) 16,426 52,522
Income tax (provision) benefit (934) (1,004) 105
(Loss) income from continuing operations before gain on disposition of properties (20,838) 15,422 52,627
Gain on disposition of properties, net of tax 5,140 48,886 81,965
Net (loss) income (15,698) 64,308 134,592
Net loss (income) attributable to noncontrolling interests 47,137 (2,838) (61,816)
Net income attributable to Acadia $ 31,439 $ 61,470 $ 72,776
Basic and diluted earnings per share (in dollars per share) $ 0.38 $ 0.73 $ 0.94
Rental income      
Revenues $ 208,756 $ 198,941 $ 152,814
Expense reimbursements      
Revenues 48,284 44,907 32,282
Other      
Revenues $ 5,173 $ 6,414 $ 4,843