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Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following table shows the revenues for each of the reportable segments, as well as a reconciliation to consolidated revenues (in thousands): 
 
Three Months Ended March 31,
 
2020
 
2019
Revenues
 
 
 
Rental Operations:
 
 
 
Industrial
$
216,952

 
$
208,403

Non-reportable Rental Operations
1,528

 
1,452

Service Operations
7,614

 
54,964

Total segment revenues
226,094

 
264,819

Other revenue
275

 
110

Consolidated revenue
$
226,369

 
$
264,929
Summary of Net Operation Income
The following table shows a reconciliation of our segment-level measures of profitability to consolidated income from continuing operations before income taxes (in thousands and excluding discontinued operations): 
 
 
Three Months Ended March 31,
 
 
2020
 
2019
PNOI
 
 
 
 
Industrial
 
$
157,061

 
$
142,494

Non-reportable Rental Operations
 
1,819

 
876

PNOI, excluding all sold properties
 
158,880

 
143,370

PNOI from sold properties included in continuing operations
 
114

 
5,992

PNOI, continuing operations
 
$
158,994

 
$
149,362

 
 
 
 
 
Earnings from Service Operations
 
1,046

 
2,378

 
 

 

Rental Operations revenues and expenses excluded from PNOI:
 
 
 
 
Straight-line rental income and expense, net
 
1,703

 
5,704

Revenues related to lease buyouts
 
392

 
19

Amortization of lease concessions and above and below market rents
 
2,557

 
1,262

Intercompany rents and other adjusting items
 
(394
)
 
433

Non-Segment Items:
 
 
 
 
Equity in earnings of unconsolidated joint ventures
 
2,539

 
4,715

Interest expense
 
(23,494
)
 
(22,132
)
Depreciation and amortization expense
 
(85,359
)
 
(75,992
)
Gain on sale of properties
 
8,937

 
(163
)
Impairment charges
 
(5,626
)
 
—

Interest and other income, net
 
1,395

 
2,758

General and administrative expenses
 
(21,763
)
 
(21,983
)
Gain on land sales
 
135

 
750

Other operating expenses
 
(1,112
)
 
(2,123
)
Loss on extinguishment of debt
 
(17,806
)
 
(13
)
Gain on involuntary conversion
 
—

 
2,259

Non-incremental costs related to successful leases
 
(2,525
)
 
(2,156
)
Other non-segment revenues and expenses, net
 
(67
)
 
75

Income from continuing operations before income taxes
 
$
19,552

 
$
45,153