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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Minimum rents $ 54,086  
Minimum rents   $ 49,395
Tenant recoveries 13,508  
Tenant recoveries   12,760
Total revenues 353,890 161,679
Expenses:    
Condominium rights and unit cost of sales 137,694 6,729
Other property operating costs 37,264 23,175
Rental property real estate taxes 9,831 8,127
Rental property maintenance costs 4,177 3,197
Hospitality operating costs 15,623 15,567
(Recovery) provision for doubtful accounts (2) 776
Demolition costs 49 6,671
Development-related marketing costs 5,702 6,078
General and administrative 25,332 24,264
Depreciation and amortization 36,131 28,188
Total expenses 300,314 159,140
Other:    
Loss on sale or disposal of real estate (6) 0
Other income, net 173 0
Total other 167 0
Operating income 53,743 2,539
Interest income 2,573 2,076
Interest expense (23,326) (16,609)
Equity in earnings from real estate and other affiliates 9,951 14,386
Income before taxes 42,941 2,392
Provision for income taxes 11,016 558
Net income 31,925 1,834
Net income attributable to noncontrolling interests (104) (360)
Net income attributable to common stockholders $ 31,821 $ 1,474
Basic income per share: (in dollars per share) $ 0.74 $ 0.03
Diluted income per share: (in dollars per share) $ 0.74 $ 0.03
Condominium rights and unit sales    
Revenues:    
Revenue $ 198,310 $ 10,837
Expenses:    
Cost of goods and services 137,694 6,729
Master Planned Communities land sales    
Revenues:    
Revenue 41,312 46,565
Hospitality revenues    
Revenues:    
Revenue 22,929 23,061
Builder price participation    
Revenues:    
Revenue 5,195 5,081
Other land revenues    
Revenues:    
Revenue 4,729 4,131
Other rental and property revenues    
Revenues:    
Revenue 13,821 9,849
Master Planned Communities cost of sales    
Expenses:    
Cost of goods and services 16,818 26,043
Master Planned Communities operations    
Expenses:    
Cost of goods and services $ 11,695 $ 10,325