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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES      
Rental income $ 422,852 $ 407,481 $ 383,333
Mortgage interest     91
Other operating 1,647 4,149 5,047
Total Revenue 424,499 411,630 388,471
EXPENSES      
Property operating 157,233 146,458 140,195
General and administrative 32,992 31,309 24,716
Acquisition and pursuit costs 2,180 4,496 2,209
Depreciation and amortization 142,472 127,690 116,614
Bad debt, net of recoveries 169 (21) (193)
Total Expenses 335,046 309,932 283,541
OTHER INCOME (EXPENSE)      
Gain on sales of real estate assets 39,519 41,038 56,602
Interest Expense (56,402) (57,351) (65,534)
Loss on extinguishment of debt (44,985)   (27,998)
Pension termination   (4) (5,260)
Impairment of real estate assets (5,385)   (3,639)
Impairment of internally-developed software     (654)
Interest and other income, net 896 375 389
Total other income (expense) (66,357) (15,942) (46,094)
INCOME FROM CONTINUING OPERATIONS 23,096 85,756 58,836
DISCONTINUED OPERATIONS      
Income (loss) from discontinued operations (9) (71) 715
Impairments of real estate assets   (121) (686)
Gain on sales of real estate properties 5 7 10,571
INCOME (LOSS) FROM DISCONTINUED OPERATIONS (4) (185) 10,600
NET INCOME $ 23,092 $ 85,571 $ 69,436
BASIC EARNINGS PER COMMON SHARE:      
Income from continuing operations (in dollars per share) $ 0.18 $ 0.79 $ 0.59
Discontinued operations (in dollars per share) 0.00 0.00 0.11
Net income (in dollars per share) 0.18 0.79 0.70
DILUTED EARNINGS PER COMMON SHARE:      
Income from continuing operations (in dollars per share) 0.18 0.78 0.59
Discontinued operations (in dollars per share) 0.00 0.00 0.11
Net income (in dollars per share) $ 0.18 $ 0.78 $ 0.70
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 117,926,158 108,572,102 99,171,352
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 118,017,165 109,386,997 99,880,302