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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Rental income $ 383,333 $ 361,525 $ 312,322
Mortgage interest 91 3,665 12,701
Other operating 5,047 5,665 5,926
Total Revenue 388,471 370,855 330,949
EXPENSES      
Property operating 140,195 134,057 122,571
General and administrative 26,925 22,808 23,704
Depreciation 106,530 99,384 86,239
Amortization 10,084 10,820 10,645
Bad debt, net of recoveries (193) 31 172
Total Expenses 283,541 267,100 243,331
OTHER INCOME (EXPENSE)      
Gain on sales of real estate properties 56,602    
Interest Expense (65,534) (72,413) (73,511)
Loss on extinguishment of debt (27,998)   (29,638)
Pension termination (5,260)    
Impairment of real estate assets (3,639)    
Impairment of internally-developed software (654)    
Gain on sale of cost method investment in real estate     1,492
Interest and other income, net 389 2,637 947
Total other income (expense) (46,094) (69,776) (100,710)
INCOME (LOSS) FROM CONTINUING OPERATIONS 58,836 33,979 (13,092)
DISCONTINUED OPERATIONS      
Income from discontinued operations 715 967 5,246
Impairments of real estate assets (686) (12,029) (9,889)
Gain on sales of real estate properties 10,571 9,283 24,718
INCOME (LOSS) FROM DISCONTINUED OPERATIONS 10,600 (1,779) 20,075
NET INCOME 69,436 32,200 6,983
Less: Net income attributable to noncontrolling interests   (313) (37)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 69,436 $ 31,887 $ 6,946
BASIC EARNINGS (LOSS) PER COMMON SHARE:      
Income (loss) from continuing operations (in dollars per share) $ 0.59 $ 0.35 $ (0.14)
Discontinued operations (in dollars per share) 0.11 (0.02) 0.22
Net income attributable to common stockholders (in dollars per share) 0.70 0.33 0.08
DILUTED EARNINGS (LOSS) PER COMMON SHARE:      
Income (loss) from continuing operations (in dollars per share) 0.59 0.35 (0.14)
Discontinued operations (in dollars per share) 0.11 (0.02) 0.22
Net income attributable to common stockholders (in dollars per share) $ 0.70 $ 0.33 $ 0.08
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 99,171,352 95,279,226 90,940,627
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 99,880,302 96,759,410 90,940,627