XML 75 R61.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information - Income Statement (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Segment Reporting Information [Line Items]        
Revenue $ 163,169,000 $ 161,286,000 $ 481,743,000 $ 498,944,000
Interest expense (25,791,000) (23,133,000) (76,644,000) (66,189,000)
Development service fee income 257,000 12,956,000 2,099,000 59,132,000
Development service fee expense (168,000) (12,924,000) (1,848,000) (120,799,000)
Depreciation and amortization expense (43,972,000) (41,004,000) (130,402,000) (120,586,000)
Impairment charges - real estate assets     (99,000) (26,000,000)
Gain on property dispositions 15,168,000 2,002,000 21,125,000 54,705,000
Equity in earnings of unconsolidated joint ventures 1,776,000 6,766,000 10,966,000 20,958,000
General and administrative expense (10,186,000) (9,807,000) (35,483,000) (32,747,000)
Leasing cost (3,082,000) (2,610,000) (9,608,000) (8,189,000)
Other operating expense (3,166,000) (3,169,000) (8,690,000) (7,467,000)
Income taxes (878,000) (444,000) (1,449,000) (1,884,000)
Income from continuing operations 60,487,000 44,873,000 154,856,000 94,155,000
Intersegment Eliminations        
Segment Reporting Information [Line Items]        
Revenue 0 0 0 0
Operating Segments        
Segment Reporting Information [Line Items]        
Revenue 171,410,000 172,223,000 513,416,000 513,797,000
Net operating income 124,748,000 123,032,000 371,208,000 368,123,000
Corporate, Non-Segment        
Segment Reporting Information [Line Items]        
Revenue 0 18,000 (179,000) (372,000)
Interest expense (26,220,000) (24,670,000) (78,297,000) (71,331,000)
Development service fee income 257,000 12,956,000 2,099,000 59,132,000
Development service fee expense (168,000) (12,924,000) (1,848,000) (120,799,000)
Depreciation and amortization expense (32,279,000) (32,243,000) (97,642,000) (97,576,000)
Impairment charges - real estate assets 0 0 (99,000) (26,000,000)
Gain on property dispositions 15,168,000 2,002,000 21,125,000 54,705,000
Equity in earnings of unconsolidated joint ventures 1,776,000 6,766,000 10,966,000 20,958,000
General and administrative expense (10,193,000) (9,814,000) (35,559,000) (32,758,000)
Leasing cost (3,082,000) (2,610,000) (9,608,000) (8,189,000)
Other operating expense (3,166,000) (3,169,000) (8,690,000) (7,467,000)
Discontinued operations excluding (loss) gain on property dispositions (4,951,000) (14,320,000) (18,553,000) (39,842,000)
Income taxes (811,000) (329,000) (1,635,000) (1,539,000)
Other (592,000) 196,000 1,389,000 (3,262,000)
Development service fee income | Segment Reconciling Items        
Segment Reporting Information [Line Items]        
Revenue 257,000 12,956,000 2,099,000 59,132,000
Discontinued operations | Segment Reconciling Items        
Segment Reporting Information [Line Items]        
Revenue (8,498,000) (23,911,000) (33,593,000) (73,613,000)
Carolinas/Richmond | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 20,377,000 19,417,000 61,129,000 58,723,000
Net operating income 15,638,000 14,620,000 47,020,000 43,795,000
Chicago/Minneapolis | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 17,479,000 17,274,000 52,299,000 50,414,000
Net operating income 10,902,000 10,564,000 33,294,000 31,271,000
Cincinnati/Columbus/Indianapolis | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 4,792,000 4,245,000 13,822,000 13,613,000
Net operating income 3,262,000 2,749,000 9,186,000 9,099,000
Dallas | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 5,953,000 5,537,000 17,252,000 14,300,000
Net operating income 4,035,000 3,666,000 11,848,000 9,274,000
Florida | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 15,871,000 15,847,000 48,218,000 47,117,000
Net operating income 11,628,000 11,461,000 35,097,000 33,717,000
Houston | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 19,103,000 16,561,000 51,831,000 48,514,000
Net operating income 12,377,000 9,676,000 32,159,000 28,714,000
Lehigh/Central PA | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 38,878,000 39,188,000 118,588,000 115,799,000
Net operating income 29,902,000 29,406,000 89,639,000 86,085,000
Philadelphia | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 9,779,000 10,598,000 32,043,000 33,659,000
Net operating income 7,876,000 7,947,000 25,583,000 28,211,000
Southern California | Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenue 10,510,000 7,914,000 30,660,000 22,226,000
Net operating income 8,200,000 6,496,000 23,524,000 17,675,000
United Kingdom | Operating Segments | United Kingdom        
Segment Reporting Information [Line Items]        
Revenue 5,900,000 3,523,000 17,857,000 11,579,000
Net operating income 5,421,000 3,234,000 16,131,000 10,662,000
Other | Operating Segments        
Segment Reporting Information [Line Items]        
Revenue 22,768,000 32,119,000 69,717,000 97,853,000
Net operating income $ 15,507,000 $ 23,213,000 $ 47,727,000 $ 69,620,000