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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Lease income $ 222,552 $ 266,236 $ 497,089 $ 543,539
Other property income 2,435 2,194 4,740 4,176
Management, transaction, and other fees 6,126 7,442 12,942 14,415
Total revenues 231,113 275,872 514,771 562,130
Operating expenses:        
Depreciation and amortization 85,058 93,589 174,353 190,783
Operating and maintenance 40,032 42,759 82,401 83,397
General and administrative 21,202 18,717 34,907 40,017
Real estate taxes 36,793 33,506 72,680 67,661
Other operating expenses 2,480 1,533 3,817 2,667
Total operating expenses 185,565 190,104 368,158 384,525
Other expense (income):        
Interest expense, net 40,375 37,173 77,811 74,925
Goodwill impairment 0   132,128 0
Provision for impairment of real estate, net of tax 230 10,441 1,014 12,113
Gain on sale of real estate, net of tax (7,448) (442) (45,453) (16,932)
Early extinguishment of debt     0 10,591
Net investment (income) loss (4,359) (966) 564 (3,320)
Total other expense (income) 28,798 46,206 166,064 77,377
Income (loss) from operations before equity in income of investments in real estate partnerships 16,750 39,562 (19,451) 100,228
Equity in income of investments in real estate partnerships 2,824 13,128 14,242 43,955
Net income (loss) 19,574 52,690 (5,209) 144,183
Noncontrolling interests:        
Exchangeable operating partnership units (87) (109) 28 (299)
Limited partners’ interests in consolidated partnerships (441) (853) (1,105) (1,710)
Income attributable to noncontrolling interests (528) (962) (1,077) (2,009)
Net income (loss) attributable to common stockholders $ 19,046 $ 51,728 $ (6,286) $ 142,174
Income (loss) per common share - basic $ 0.11 $ 0.31 $ (0.04) $ 0.85
Income (loss) per common share - diluted $ 0.11 $ 0.31 $ (0.04) $ 0.85
Partnership Interest [Member]        
Revenues:        
Lease income $ 222,552 $ 266,236 $ 497,089 $ 543,539
Other property income 2,435 2,194 4,740 4,176
Management, transaction, and other fees 6,126 7,442 12,942 14,415
Total revenues 231,113 275,872 514,771 562,130
Operating expenses:        
Depreciation and amortization 85,058 93,589 174,353 190,783
Operating and maintenance 40,032 42,759 82,401 83,397
General and administrative 21,202 18,717 34,907 40,017
Real estate taxes 36,793 33,506 72,680 67,661
Other operating expenses 2,480 1,533 3,817 2,667
Total operating expenses 185,565 190,104 368,158 384,525
Other expense (income):        
Interest expense, net 40,375 37,173 77,811 74,925
Goodwill impairment     132,128 0
Provision for impairment of real estate, net of tax 230 10,441 1,014 12,113
Gain on sale of real estate, net of tax (7,448) (442) (45,453) (16,932)
Early extinguishment of debt     0 10,591
Net investment (income) loss (4,359) (966) 564 (3,320)
Total other expense (income) 28,798 46,206 166,064 77,377
Income (loss) from operations before equity in income of investments in real estate partnerships 16,750 39,562 (19,451) 100,228
Equity in income of investments in real estate partnerships 2,824 13,128 14,242 43,955
Net income (loss) 19,574 52,690 (5,209) 144,183
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (441) (853) (1,105) (1,710)
Income attributable to noncontrolling interests $ (441) $ (853) $ (1,105) $ (1,710)
Income (loss) per common unit - basic $ 0.11 $ 0.31 $ (0.04) $ 0.85
Net income (loss) attributable to common unit holders $ 19,133 $ 51,837 $ (6,314) $ 142,473
Income (loss) per common unit - diluted $ 0.11 $ 0.31 $ (0.04) $ 0.85