XML 20 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Document Fiscal Year Focus     2018  
Other expense (income):        
Provision for impairment, net of tax $ 2,974 $ 0 $ 3,348 $ 0
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes 1,123 4,366 1,219 4,781
Parent Company [Member]        
Revenues:        
Minimum rent 208,827 195,992 410,219 337,232
Percentage rent 1,196 1,456 5,068 4,362
Revenue from Contract with Customer, Including Assessed Tax 64,502 57,256 128,773 102,535
Property Management Fee Revenue 6,887 6,601 14,045 13,307
Total revenues 281,412 261,305 558,105 457,436
Operating expenses:        
Depreciation and amortization 89,105 92,230 177,629 152,284
Operating and maintenance 41,851 36,105 84,367 65,868
General and administrative 16,776 16,746 34,382 34,419
Real estate taxes 31,541 28,871 61,967 50,321
Other operating expenses (note 2) 2,799 6,862 4,432 78,425
Total operating expenses 182,072 180,814 362,777 381,317
Other expense (income):        
Interest expense, net 38,074 35,407 74,859 62,606
Provision for impairment, net of tax 12,533 0 28,587 0
Gain (Loss) on Extinguishment of Debt 11,010 12,404 11,172 12,404
Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss (569) (887) (602) (1,984)
Nonoperating Income (Expense) 61,048 46,924 114,016 73,026
Income from operations before equity in income of investments in real estate partnerships 38,292 33,567 81,312 3,093
Equity in income of investments in real estate partnerships 9,174 12,240 19,523 21,583
Income from operations 47,466 45,807 100,835 24,676
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes 1,123 4,366 1,219 4,781
Net income 48,589 50,173 102,054 29,457
Noncontrolling interests:        
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable 100 104 212 85
Limited partners’ interests in consolidated partnerships (648) (576) (1,342) (1,247)
Income attributable to noncontrolling interests (748) (680) (1,554) (1,332)
Net income attributable to the Company 47,841 49,493 100,500 28,125
Preferred stock dividends and issuance costs 0 (1,125) 0 (12,981)
Net Income (Loss) Available to Common Stockholders, Basic $ 47,841 $ 48,368 $ 100,500 $ 15,144
Income per common share/unit - basic:        
Continuing operations (in dollars per share) $ 0.28 $ 0.28 $ 0.59 $ 0.10
Income per common share/unit - diluted:        
Continuing operations (in dollars per share) $ 0.28 $ 0.28 $ 0.59 $ 0.10
Partnership Interest [Member]        
Revenues:        
Minimum rent $ 208,827 $ 195,992 $ 410,219 $ 337,232
Percentage rent 1,196 1,456 5,068 4,362
Revenue from Contract with Customer, Including Assessed Tax 64,502 57,256 128,773 102,535
Property Management Fee Revenue 6,887 6,601 14,045 13,307
Total revenues 281,412 261,305 558,105 457,436
Operating expenses:        
Depreciation and amortization 89,105 92,230 177,629 152,284
Operating and maintenance 41,851 36,105 84,367 65,868
General and administrative 16,776 16,746 34,382 34,419
Real estate taxes 31,541 28,871 61,967 50,321
Other operating expenses (note 2) 2,799 6,862 4,432 78,425
Total operating expenses 182,072 180,814 362,777 381,317
Other expense (income):        
Interest expense, net 38,074 35,407 74,859 62,606
Provision for impairment, net of tax 12,533 0 28,587 0
Gain (Loss) on Extinguishment of Debt 11,010 12,404 11,172 12,404
Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss (569) (887) (602) (1,984)
Nonoperating Income (Expense) 61,048 46,924 114,016 73,026
Income from operations before equity in income of investments in real estate partnerships 38,292 33,567 81,312 3,093
Equity in income of investments in real estate partnerships 9,174 12,240 19,523 21,583
Income from operations 47,466 45,807 100,835 24,676
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes 1,123 4,366 1,219 4,781
Net income 48,589 50,173 102,054 29,457
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (648) (576) (1,342) (1,247)
Income attributable to noncontrolling interests (648) (576) (1,342) (1,247)
Net income attributable to the Company 47,941 49,597 100,712 28,210
Distributions Paid To Preferred Unit Holders 0 (1,125) 0 (12,981)
Net income attributable to common unit holders $ 47,941 $ 48,472 $ 100,712 $ 15,229
Income per common share/unit - basic:        
Continuing operations (in dollars per share) $ 0.28 $ 0.28 $ 0.59 $ 0.10
Income per common share/unit - diluted:        
Continuing operations (in dollars per share) $ 0.28 $ 0.28 $ 0.59 $ 0.10