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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Office rental      
Rental revenues $ 498,214 $ 412,448 $ 396,524
Tenant recoveries 46,847 43,139 44,461
Parking and other income 100,572 85,388 78,420
Total office revenues 645,633 540,975 519,405
Multifamily rental      
Rental revenues 89,996 87,907 74,289
Parking and other income 6,922 6,892 5,828
Total multifamily revenues 96,918 94,799 80,117
Total revenues 742,551 635,774 599,522
Operating Expenses      
Office expenses 214,546 186,556 181,160
Multifamily expenses 23,317 23,862 20,664
General and administrative 34,957 30,496 27,332
Depreciation and amortization 248,914 205,333 202,512
Total operating expenses 521,734 446,247 431,668
Operating income 220,817 189,527 167,854
Other income 8,759 15,228 17,675
Other expenses (6,609) (6,470) (7,095)
Income, including depreciation, from unconsolidated real estate funds 7,812 7,694 3,713
Interest expense (146,148) (135,453) (128,507)
Acquisition-related expenses (2,868) (1,771) (786)
Income before gains 81,763 68,755 52,854
Gains on sales of investments in real estate 14,327 0 0
Net income 96,090 68,755 52,854
Less: Net income attributable to noncontrolling interests (10,693) (10,371) (8,233)
Net income attributable to common stockholders $ 85,397 $ 58,384 $ 44,621
Net income attributable to common stockholders per share – basic (dollars per share) $ 0.569 $ 0.398 $ 0.309
Net income attributable to common stockholders per share – diluted (dollars per share) $ 0.554 $ 0.386 $ 0.300