XML 20 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Lease income $ 266,236 $ 272,203 $ 543,539 $ 539,713
Other property income 2,194 2,322 4,176 4,347
Management, transaction, and other fees 7,442 6,887 14,415 14,045
Total revenues 275,872 281,412 562,130 558,105
Operating expenses:        
Depreciation and amortization 93,589 89,105 190,783 177,629
Operating and maintenance 42,759 41,851 83,397 84,367
General and administrative 18,717 16,776 40,017 34,382
Real estate taxes 33,506 31,541 67,661 61,967
Other operating expenses 1,533 2,799 2,667 4,432
Total operating expenses 190,104 182,072 384,525 362,777
Other expense (income):        
Interest expense, net 37,173 38,074 74,925 74,859
Provision for impairment, net of tax 10,441 12,533 12,113 28,587
Gain on sale of real estate, net of tax (442) (1,123) (16,932) (1,219)
Early extinguishment of debt   11,010 10,591 11,172
Net investment income (966) (569) (3,320) (602)
Total other expense (income) 46,206 59,925 77,377 112,797
Income from operations before equity in income of investments in real estate partnerships 39,562 39,415 100,228 82,531
Equity in income of investments in real estate partnerships 13,128 9,174 43,955 19,523
Net income 52,690 48,589 144,183 102,054
Noncontrolling interests:        
Exchangeable operating partnership units (109) (100) (299) (212)
Limited partners’ interests in consolidated partnerships (853) (648) (1,710) (1,342)
Income attributable to noncontrolling interests (962) (748) (2,009) (1,554)
Net income attributable to common stockholders $ 51,728 $ 47,841 $ 142,174 $ 100,500
Income per common share - basic $ 0.31 $ 0.28 $ 0.85 $ 0.59
Income per common share - diluted $ 0.31 $ 0.28 $ 0.85 $ 0.59
Partnership Interest [Member]        
Revenues:        
Lease income $ 266,236 $ 272,203 $ 543,539 $ 539,713
Other property income 2,194 2,322 4,176 4,347
Management, transaction, and other fees 7,442 6,887 14,415 14,045
Total revenues 275,872 281,412 562,130 558,105
Operating expenses:        
Depreciation and amortization 93,589 89,105 190,783 177,629
Operating and maintenance 42,759 41,851 83,397 84,367
General and administrative 18,717 16,776 40,017 34,382
Real estate taxes 33,506 31,541 67,661 61,967
Other operating expenses 1,533 2,799 2,667 4,432
Total operating expenses 190,104 182,072 384,525 362,777
Other expense (income):        
Interest expense, net 37,173 38,074 74,925 74,859
Provision for impairment, net of tax 10,441 12,533 12,113 28,587
Gain on sale of real estate, net of tax (442) (1,123) (16,932) (1,219)
Early extinguishment of debt   11,010 10,591 11,172
Net investment income (966) (569) (3,320) (602)
Total other expense (income) 46,206 59,925 77,377 112,797
Income from operations before equity in income of investments in real estate partnerships 39,562 39,415 100,228 82,531
Equity in income of investments in real estate partnerships 13,128 9,174 43,955 19,523
Net income 52,690 48,589 144,183 102,054
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (853) (648) (1,710) (1,342)
Income attributable to noncontrolling interests (853) (648) (1,710) (1,342)
Net income attributable to common unit holders $ 51,837 $ 47,941 $ 142,473 $ 100,712
Income per common unit - basic $ 0.31 $ 0.28 $ 0.85 $ 0.59
Income per common unit - diluted $ 0.31 $ 0.28 $ 0.85 $ 0.59