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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Minimum rents $ 54,718   $ 108,804  
Minimum rents   $ 50,509   $ 99,912
Tenant recoveries 13,512   27,020  
Tenant recoveries   12,250   25,002
Total revenues 431,316 181,005 785,206 342,684
Expenses:        
Other property operating costs 41,322 25,730 78,586 48,905
Rental property real estate taxes 9,674 7,502 19,505 15,629
Rental property maintenance costs 4,152 3,951 8,329 7,148
Hospitality operating costs 16,607 15,417 32,230 30,984
(Recovery) provision for doubtful accounts (86) 1,359 (88) 2,135
Demolition costs 550 6,660 599 13,331
Development-related marketing costs 5,839 7,188 11,541 13,266
General and administrative 30,072 26,886 55,404 51,150
Depreciation and amortization 38,918 29,087 75,049 57,275
Total expenses 408,061 189,566 708,375 348,706
Other:        
Loss on sale or disposal of real estate (144) 0 (150) 0
Other income, net 10,288 266 10,461 266
Total other 10,144 266 10,311 266
Operating income (loss) 33,399 (8,295) 87,142 (5,756)
Interest income 2,251 2,603 4,824 4,679
Interest expense (24,203) (18,903) (47,529) (35,512)
Equity in earnings from real estate and other affiliates 6,354 16,299 16,305 30,685
Income (loss) before taxes 17,801 (8,296) 60,742 (5,904)
Provision for (benefit from) income taxes 4,473 (2,417) 15,489 (1,859)
Net income (loss) 13,328 (5,879) 45,253 (4,045)
Net loss attributable to noncontrolling interests 149 791 45 431
Net income (loss) attributable to common stockholders $ 13,477 $ (5,088) $ 45,298 $ (3,614)
Basic income (loss) per share: (in dollars per share) $ 0.31 $ (0.12) $ 1.05 $ (0.08)
Diluted income (loss) per share: (in dollars per share) $ 0.31 $ (0.12) $ 1.05 $ (0.08)
Condominium rights and unit sales        
Revenues:        
Revenue $ 235,622 $ 20,885 $ 433,932 $ 31,722
Expenses:        
Cost of goods and services 220,620 28,816 358,314 35,545
Master Planned Communities land sales        
Revenues:        
Revenue 58,321 52,432 99,633 98,997
Hospitality revenues        
Revenues:        
Revenue 25,576 22,569 48,505 45,630
Builder price participation        
Revenues:        
Revenue 9,369 5,628 14,564 10,709
Other land revenues        
Revenues:        
Revenue 5,569 4,712 10,298 8,843
Other rental and property revenues        
Revenues:        
Revenue 28,629 12,020 42,450 21,869
Master Planned Communities cost of sales        
Expenses:        
Cost of goods and services 28,006 26,383 44,824 52,426
Master Planned Communities operations        
Expenses:        
Cost of goods and services $ 12,387 $ 10,587 $ 24,082 $ 20,912