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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Rental income $ 104,088 $ 98,740
Other operating 481 1,281
Revenues 104,569 100,021
EXPENSES    
Property operating 37,834 35,406
General and administrative 9,280 10,246
Depreciation 31,412 27,693
Amortization 3,040 2,700
Bad debts, net of recoveries 66 (39)
Total Expenses 81,632 76,006
OTHER INCOME (EXPENSE)    
Gain on sales of real estate assets 23,403  
Interest expense (14,272) (14,938)
Impairment of real estate assets (323)  
Interest and other income, net 113 86
Total other income (expense) 8,921 (14,852)
INCOME FROM CONTINUING OPERATIONS 31,858 9,163
DISCONTINUED OPERATIONS    
Loss from discontinued operations (18) (7)
Gain on sales of real estate properties 5  
LOSS FROM DISCONTINUED OPERATIONS (13) (7)
NET INCOME $ 31,845 $ 9,156
BASIC EARNINGS PER COMMON SHARE:    
Income from continuing operations (in dollars per share) $ 0.28 $ 0.09
Discontinued operations (in dollars per share)
Net income (in dollars per share) 0.28 0.09
DILUTED EARNINGS PER COMMON SHARE:    
Income from continuing operations (in dollars per share) 0.28 0.09
Discontinued operations (in dollars per share) 0.00 0.00
Net income (in dollars per share) $ 0.28 $ 0.09
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 114,675,084 101,432,088
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 115,507,002 102,164,818
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30