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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
Rental income $ 133,755 $ 130,932
Tenant reimbursements 11,404 14,425
Other property income 287 725
Total revenues 145,446 146,082
EXPENSES    
Property expenses 25,965 24,714
Real estate taxes 11,032 12,715
Provision for bad debts 0 242
Ground leases 829 776
General and administrative expenses 13,437 12,768
Acquisition-related expenses 62 128
Depreciation and amortization 50,440 51,487
Total expenses 101,765 102,830
OTHER (EXPENSES) INCOME:    
Interest income and other net investment gains (Note 12) 271 360
Interest expense (Note 6) (11,829) (16,878)
Total other (expenses) income (11,558) (16,518)
INCOME FROM OPERATIONS BEFORE GAINS ON SALES OF REAL ESTATE 32,123 26,734
Gains on sale of land 0 17,268
Gains on sale of depreciable operating properties (Note 3) 145,990 0
NET INCOME 178,113 44,002
Net income attributable to noncontrolling common units of the Operating Partnership (3,610) (815)
Net income attributable to noncontrolling interest in consolidated subsidiary (195) 0
Total income attributable to noncontrolling interest (3,805) (815)
NET INCOME ATTRIBUTABLE TO PARENT 174,308 43,187
PREFERRED DIVIDENDS (3,313) (3,313)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 170,995 $ 39,874
Net income available to common stockholders per share – basic (Note 13) (in dollars per share) $ 1.85 $ 0.45
Net income available to common stockholders per share – diluted (Note 13) (in dollars per share) $ 1.84 $ 0.45
Weighted average common shares outstanding – basic (Note 13) 92,224,522 86,896,776
Weighted average common shares outstanding – diluted (Note 13) 92,734,543 87,434,366
Dividends declared per common share (in dollars per share) $ 0.35 $ 0.35