XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Lease income $ 266,357 $ 274,537
Other property income 1,953 2,305
Management, transaction, and other fees 6,393 6,816
Total revenues 274,703 283,658
Operating expenses:    
Depreciation and amortization 77,259 89,295
Operating and maintenance 45,582 42,369
General and administrative 21,287 13,705
Real estate taxes 36,166 35,887
Other operating expenses 698 1,337
Total operating expenses 180,992 182,593
Other expense (income):    
Interest expense, net 36,936 37,436
Goodwill impairment   132,128
Provision for impairment of real estate, net of tax   784
Gain on sale of real estate, net of tax (11,698) (38,005)
Net investment (income) loss (1,486) 4,923
Total other expense (income) 23,752 137,266
Income (loss) from operations before equity in income of investments in real estate partnerships 69,959 (36,201)
Equity in income of investments in real estate partnerships 11,666 11,418
Net income (loss) 81,625 (24,783)
Noncontrolling interests:    
Exchangeable operating partnership units (364) 115
Limited partners’ interests in consolidated partnerships (605) (664)
Income attributable to noncontrolling interests (969) (549)
Net income attributable to common stockholders $ 80,656 $ (25,332)
Income (loss) per common share - basic $ 0.48 $ (0.15)
Income (loss) per common share - diluted $ 0.47 $ (0.15)
Partnership Interest [Member]    
Revenues:    
Lease income $ 266,357 $ 274,537
Other property income 1,953 2,305
Management, transaction, and other fees 6,393 6,816
Total revenues 274,703 283,658
Operating expenses:    
Depreciation and amortization 77,259 89,295
Operating and maintenance 45,582 42,369
General and administrative 21,287 13,705
Real estate taxes 36,166 35,887
Other operating expenses 698 1,337
Total operating expenses 180,992 182,593
Other expense (income):    
Interest expense, net 36,936 37,436
Goodwill impairment   132,128
Provision for impairment of real estate, net of tax   784
Gain on sale of real estate, net of tax (11,698) (38,005)
Net investment (income) loss (1,486) 4,923
Total other expense (income) 23,752 137,266
Income (loss) from operations before equity in income of investments in real estate partnerships 69,959 (36,201)
Equity in income of investments in real estate partnerships 11,666 11,418
Net income (loss) 81,625 (24,783)
Noncontrolling interests:    
Limited partners’ interests in consolidated partnerships (605) (664)
Income attributable to noncontrolling interests (605) (664)
Net income (loss) attributable to common unit holders $ 81,020 $ (25,447)
Income (loss) per common share - basic $ 0.48 $ (0.15)
Income (loss) per common share - diluted $ 0.47 $ (0.15)