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Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Income:    
Rental income $ 89,855us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 97,997us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Tenant recovery income 17,916us-gaap_TenantReimbursements 18,355us-gaap_TenantReimbursements
Other property income 1,898us-gaap_OtherRealEstateRevenue 2,137us-gaap_OtherRealEstateRevenue
Total income 109,669us-gaap_Revenues 118,489us-gaap_Revenues
Expenses:    
General and administrative expenses 20,583us-gaap_GeneralAndAdministrativeExpense 14,101us-gaap_GeneralAndAdministrativeExpense
Property operating expenses 20,220us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment 21,722us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
Real estate taxes 12,569us-gaap_RealEstateTaxExpense 12,166us-gaap_RealEstateTaxExpense
Depreciation and amortization 36,988us-gaap_DepreciationAndAmortization 39,584us-gaap_DepreciationAndAmortization
Business management fee 0itpc_BusinessManagementFee 2,594itpc_BusinessManagementFee
Provision for asset impairment 0us-gaap_AssetImpairmentCharges [1] 6,841us-gaap_AssetImpairmentCharges [2]
Total expenses 90,360us-gaap_OperatingExpenses 97,008us-gaap_OperatingExpenses
Operating income 19,309us-gaap_OperatingIncomeLoss 21,481us-gaap_OperatingIncomeLoss
Interest and dividend income 3,291us-gaap_InvestmentIncomeInterestAndDividend 3,997us-gaap_InvestmentIncomeInterestAndDividend
Gain (loss) on Sale of Properties 728us-gaap_GainLossOnDispositionOfAssets 1,244us-gaap_GainLossOnDispositionOfAssets
Gains (Losses) on Extinguishment of Debt (1,355)us-gaap_GainsLossesOnExtinguishmentOfDebt (1,153)us-gaap_GainsLossesOnExtinguishmentOfDebt
Other income 911us-gaap_OtherNonoperatingIncomeExpense 2,156us-gaap_OtherNonoperatingIncomeExpense
Interest expense (23,047)us-gaap_InterestExpense (31,719)us-gaap_InterestExpense
Equity in earnings of unconsolidated entities 1,973us-gaap_IncomeLossFromEquityMethodInvestments 712us-gaap_IncomeLossFromEquityMethodInvestments
Realized gain on sale of marketable securities, net 2,711us-gaap_MarketableSecuritiesRealizedGainLoss 33us-gaap_MarketableSecuritiesRealizedGainLoss
Income (loss) before income taxes 4,521us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (3,249)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (929)us-gaap_IncomeTaxExpenseBenefit (302)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) from continuing operations 3,592us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (3,551)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Net income from discontinued operations 2,241us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [3] 134,032us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [4]
Net income 5,833us-gaap_ProfitLoss 130,481us-gaap_ProfitLoss
Less: Net income attributable to noncontrolling interests (8)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Company 5,825us-gaap_NetIncomeLoss 130,481us-gaap_NetIncomeLoss
Net loss per common share, from continuing operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.00us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Net income (loss) per common share, from discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $ 0.15us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
Net income (loss) per common share, basic and diluted (in dollars per share) $ 0.00us-gaap_EarningsPerShareBasicAndDiluted $ 0.15us-gaap_EarningsPerShareBasicAndDiluted
Weighted Average Number of Shares Outstanding, Basic and Diluted 861,824,777us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 912,594,434us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Comprehensive income:    
Unrealized gain on investment securities 51,204us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 10,563us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Unrealized loss on derivatives (360)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (750)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (2,974)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 184us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Comprehensive income attributable to the Company $ 53,695us-gaap_ComprehensiveIncomeNetOfTax $ 140,478us-gaap_ComprehensiveIncomeNetOfTax
[1] There was no provision for asset impairment during the three months ended March 31, 2015.
[2] Total provision for asset impairment included $6,841 related to two non-core properties.
[3] Net income from discontinued operations primarily relates to the lodging properties included in the Spin-Off of Xenia.
[4] Net income from discontinued operations primarily relates to the gain on sale of net lease properties sold in 2014.