XML 21 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Document Fiscal Year Focus 2017  
Revenues:    
Total revenues $ 196,131  
Other expense (income):    
Provision for impairment 0 $ 866
Nonoperating Income (Expense) 200,451  
(Loss) income from operations before equity in income of investments in real estate partnerships (4,320)  
Equity in income of investments in real estate partnerships (28,251)  
(Loss) income from operations (652)  
Discontinued operations, net:    
Net income attributable to shareholders 415 12,868
Net (loss) income (20,715) 53,577
Noncontrolling interests:    
Net Income (Loss) Available to Common Stockholders, Basic (33,223)  
Parent Company [Member]    
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable (19) 85
Revenues:    
Minimum rent 141,240 107,674
Percentage rent 2,906 1,703
Recoveries from tenants and other income 45,279 33,487
Management Fees Revenue 6,706 6,764
Total revenues 196,131 149,628
Operating expenses:    
Depreciation and amortization 60,053 38,716
Operating and maintenance 29,763 22,685
General and administrative 17,673 16,299
Real estate taxes 21,450 15,870
Other operating expenses (note 2) 71,512 2,306
Total operating expenses 200,451 95,876
Other expense (income):    
Interest expense, net 27,199 24,142
Provision for impairment 0 1,666
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments 1,097 (155)
Nonoperating Income (Expense) 26,102 25,963
(Loss) income from operations before equity in income of investments in real estate partnerships (30,422) 27,789
Equity in income of investments in real estate partnerships 9,342 12,920
Income tax (benefit) of taxable REIT subsidiary 50 0
(Loss) income from operations (21,130) 40,709
Discontinued operations, net:    
Net income attributable to shareholders 415 12,868
Net (loss) income (20,715) 53,577
Noncontrolling interests:    
Limited partners’ interests in consolidated partnerships (671) (349)
Loss attributable to noncontrolling interests (652) (434)
Net (loss) income attributable to the Company (21,367) 53,143
Preferred stock dividends and issuance costs (11,856) (5,266)
Net Income (Loss) Available to Common Stockholders, Basic $ (33,223) $ 47,877
Income per common share/unit - basic:    
Continuing operations (in dollars per share) $ (0.26) $ 0.49
Income per common share/unit - diluted:    
Continuing operations (in dollars per share) $ (0.26) $ 0.49
Partnership Interest [Member]    
Revenues:    
Minimum rent $ 141,240 $ 107,674
Percentage rent 2,906 1,703
Recoveries from tenants and other income 45,279 33,487
Management Fees Revenue 6,706 6,764
Total revenues 196,131 149,628
Operating expenses:    
Depreciation and amortization 60,053 38,716
Operating and maintenance 29,763 22,685
General and administrative 17,673 16,299
Real estate taxes 21,450 15,870
Other operating expenses (note 2) 71,512 2,306
Total operating expenses 200,451 95,876
Other expense (income):    
Interest expense, net 27,199 24,142
Provision for impairment 0 1,666
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments 1,097 (155)
Nonoperating Income (Expense) 26,102 25,963
(Loss) income from operations before equity in income of investments in real estate partnerships (30,422) 27,789
Equity in income of investments in real estate partnerships 9,342 12,920
Income tax (benefit) of taxable REIT subsidiary 50 0
(Loss) income from operations (21,130) 40,709
Discontinued operations, net:    
Net income attributable to shareholders 415 12,868
Net (loss) income (20,715) 53,577
Noncontrolling interests:    
Limited partners’ interests in consolidated partnerships (671) (349)
Loss attributable to noncontrolling interests (671) (349)
Net (loss) income attributable to the Company (21,386) 53,228
Distributions Paid To Preferred Unit Holders 11,856 5,266
Net (loss) income attributable to common unit holders $ (33,242) $ 47,962
Income per common share/unit - basic:    
Continuing operations (in dollars per share) $ (0.26) $ 0.49
Income per common share/unit - diluted:    
Continuing operations (in dollars per share) $ (0.26) $ 0.49