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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Rental income $ 407,481 $ 383,333 $ 361,525
Mortgage interest   91 3,665
Other operating 4,149 5,047 5,665
Total Revenue 411,630 388,471 370,855
EXPENSES      
Property operating 146,458 140,195 134,057
General and administrative 35,805 26,925 22,808
Depreciation 116,483 106,530 99,384
Amortization 11,207 10,084 10,820
Bad debt, net of recoveries (21) (193) 31
Total Expenses 309,932 283,541 267,100
OTHER INCOME (EXPENSE)      
Gain on sales of real estate assets 41,038 56,602 0
Interest Expense (57,351) (65,534) (72,413)
Loss on extinguishment of debt 0 (27,998) 0
Pension termination (4) (5,260) 0
Impairment of real estate assets 0 (3,639) 0
Impairment of internally-developed software 0 (654) 0
Interest and other income, net 375 389 2,637
Total other income (expense) (15,942) (46,094) (69,776)
INCOME FROM CONTINUING OPERATIONS 85,756 58,836 33,979
DISCONTINUED OPERATIONS      
Income (loss) from discontinued operations (71) 715 967
Impairments of real estate assets (121) (686) (12,029)
Gain on sales of real estate properties 7 10,571 9,283
INCOME (LOSS) FROM DISCONTINUED OPERATIONS (185) 10,600 (1,779)
NET INCOME 85,571 69,436 32,200
Less: Net income attributable to noncontrolling interests     (313)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 85,571 $ 69,436 $ 31,887
BASIC EARNINGS (LOSS) PER COMMON SHARE:      
Income (loss) from continuing operations (in dollars per share) $ 0.79 $ 0.59 $ 0.35
Discontinued operations (in dollars per share) 0.00 0.11 (0.02)
Net income attributable to common stockholders (in dollars per share) 0.79 0.70 0.33
DILUTED EARNINGS (LOSS) PER COMMON SHARE:      
Income (loss) from continuing operations (in dollars per share) 0.78 0.59 0.35
Discontinued operations (in dollars per share) 0.00 0.11 (0.02)
Net income attributable to common stockholders (in dollars per share) $ 0.78 $ 0.70 $ 0.33
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 108,572,102 99,171,352 95,279,226
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 109,386,997 99,880,302 96,759,410