XML 65 R49.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Reporting (Summary of Net Operating Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Statement [Line Items]        
Straight-line rental income and expense, net     $ 10,466 $ 10,931
Equity in earnings of unconsolidated joint ventures $ 4,143 $ 1,682 8,858 9,969
Interest expense (23,510) (20,675) (45,642) (40,675)
Depreciation and amortization expense (83,004) (75,832) (158,996) (153,361)
Gain on sale of properties 30,592 149,962 30,429 194,848
Interest and other income, net 2,534 4,727 5,292 9,190
General and administrative expenses (13,420) (13,459) (35,403) (34,482)
Gain on land sales 1,950 357 2,700 3,306
Other operating expenses (1,518) (1,529) (3,641) (2,798)
Loss on extinguishment of debt 0 (151) (13) (151)
Gain on involuntary conversion 0 0 2,259 0
Non-incremental costs related to successful leases 3,447 0 5,603 0
Income from continuing operations before income taxes 78,185 192,814 123,338 276,667
Operating Segments [Member]        
Statement [Line Items]        
Property Level Net Operating Income – Cash Basis 155,796 137,677 305,580 267,344
Property Level Net Income, Cash Basis, Continuing Operations 156,183 140,794 305,935 277,192
Operating Segments [Member] | Industrial [Member]        
Statement [Line Items]        
Property Level Net Operating Income – Cash Basis 154,934 136,316 303,840 264,463
Operating Segments [Member] | All Other Segments [Member]        
Statement [Line Items]        
Property Level Net Operating Income – Cash Basis 862 1,361 1,740 2,881
Operating Segments [Member] | Service Operations [Member]        
Statement [Line Items]        
Earnings from Service Operations 730 3,212 3,108 3,904
Segment Reconciling Items [Member]        
Statement [Line Items]        
PNOI from sold properties included in continuing operations 387 3,117 355 9,848
Straight-line rental income and expense, net 4,762 4,642 10,466 10,931
Revenues Related to Lease Buyouts 0 0 19 23
Amortization of lease concessions and above and below market rents 1,542 461 2,804 1,006
Intercompany rents and other adjusting items 60 (20) 103 (6)
Corporate, Non-Segment [Member]        
Statement [Line Items]        
Equity in earnings of unconsolidated joint ventures 4,143 1,682 8,858 9,969
Interest expense (23,510) (20,675) (45,642) (40,675)
Depreciation and amortization expense (83,004) (75,832) (158,996) (153,361)
Gain on sale of properties 30,592 149,962 30,429 194,848
Interest and other income, net 2,534 4,727 5,292 9,190
General and administrative expenses (13,420) (13,459) (35,403) (34,482)
Gain on land sales 1,950 357 2,700 3,306
Other operating expenses (1,518) (1,529) (3,641) (2,798)
Loss on extinguishment of debt 0 (151) (13) (151)
Gain on involuntary conversion 0 0 2,259 0
Non-incremental costs related to successful leases (3,447) 0 (5,603) 0
Other non-segment revenues and expenses, net $ 588 $ (1,357) $ 663 $ (2,229)