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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Lease income $ 274,537 $ 277,303
Other property income 2,305 1,982
Management, transaction, and other fees 6,816 6,972
Total revenues 283,658 286,257
Operating expenses:    
Depreciation and amortization 89,295 97,194
Operating and maintenance 42,369 40,638
General and administrative 13,705 21,300
Real estate taxes 35,887 34,155
Other operating expenses 1,337 1,134
Total operating expenses 182,593 194,421
Other expense (income):    
Interest expense, net 37,436 37,752
Goodwill impairment 132,128 0
Provision for impairment of real estate, net of tax 784 1,672
Gain on sale of real estate, net of tax (38,005) (16,490)
Early extinguishment of debt 0 10,591
Net investment loss (income) 4,923 (2,354)
Total other expense (income) 137,266 31,171
(Loss) income from operations before equity in income of investments in real estate partnerships (36,201) 60,665
Equity in income of investments in real estate partnerships 11,418 30,828
Net (loss) income (24,783) 91,493
Noncontrolling interests:    
Exchangeable operating partnership units 115 (190)
Limited partners’ interests in consolidated partnerships (664) (857)
Income attributable to noncontrolling interests (549) (1,047)
Net (loss) income attributable to common stockholders $ (25,332) $ 90,446
(Loss) income per common share - basic $ (0.15) $ 0.54
(Loss) income per common share - diluted $ (0.15) $ 0.54
Partnership Interest [Member]    
Revenues:    
Lease income $ 274,537 $ 277,303
Other property income 2,305 1,982
Management, transaction, and other fees 6,816 6,972
Total revenues 283,658 286,257
Operating expenses:    
Depreciation and amortization 89,295 97,194
Operating and maintenance 42,369 40,638
General and administrative 13,705 21,300
Real estate taxes 35,887 34,155
Other operating expenses 1,337 1,134
Total operating expenses 182,593 194,421
Other expense (income):    
Interest expense, net 37,436 37,752
Goodwill impairment 132,128 0
Provision for impairment of real estate, net of tax 784 1,672
Gain on sale of real estate, net of tax (38,005) (16,490)
Early extinguishment of debt 0 10,591
Net investment loss (income) 4,923 (2,354)
Total other expense (income) 137,266 31,171
(Loss) income from operations before equity in income of investments in real estate partnerships (36,201) 60,665
Equity in income of investments in real estate partnerships 11,418 30,828
Net (loss) income (24,783) 91,493
Noncontrolling interests:    
Limited partners’ interests in consolidated partnerships (664) (857)
Income attributable to noncontrolling interests (664) (857)
Net (loss) income attributable to common unit holders $ (25,447) $ 90,636
(Loss) income per common unit - basic $ (0.15) $ 0.54
(Loss) income per common unit - diluted $ (0.15) $ 0.54