XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Minimum rents $ 61,469 $ 54,718 $ 132,456 $ 108,804
Tenant recoveries 17,202 13,512 38,077 27,020
Interest income from sales-type leases 35 0 917 0
Total revenues 156,173 431,316 331,348 785,206
Expenses:        
Operating costs 45,885 72,989 110,491 140,300
Rental property real estate taxes 15,199 9,674 28,777 19,505
Provision for (recovery of) doubtful accounts 1,866 (86) 3,567 (88)
Demolition costs 0 550 0 599
Development-related marketing costs 1,813 5,839 4,629 11,541
General and administrative 22,233 31,551 61,314 58,331
Depreciation and amortization 46,963 38,918 108,600 75,049
Total expenses 166,182 408,061 464,288 708,375
Other:        
Provision for impairment 0 0 (48,738) 0
Gain (loss) on sale or disposal of real estate and other assets, net 8,000 (144) 46,124 (150)
Other income (loss), net 1,607 10,288 (2,077) 10,461
Total other 9,607 10,144 (4,691) 10,311
Operating (loss) income (402) 33,399 (137,631) 87,142
Interest income 404 2,251 1,550 4,824
Interest expense (32,397) (24,203) (66,845) (47,529)
Equity in (losses) earnings from real estate and other affiliates (8,552) 6,354 2,797 16,305
(Loss) income before taxes (40,947) 17,801 (200,129) 60,742
(Benefit) provision for income taxes (6,844) 4,473 (40,944) 15,489
Net (loss) income (34,103) 13,328 (159,185) 45,253
Net loss (income) attributable to noncontrolling interests 19 149 (33) 45
Net (loss) income attributable to common stockholders $ (34,084) $ 13,477 $ (159,218) $ 45,298
Basic (loss) income per share (in dollars per share) $ (0.61) $ 0.31 $ (3.22) $ 1.05
Diluted (loss) income per share (in dollars per share) $ (0.61) $ 0.31 $ (3.22) $ 1.05
Condominium rights and unit sales        
Revenues:        
Revenues $ 0 $ 235,622 $ 43 $ 433,932
Expenses:        
Cost of sales 6,348 220,620 104,249 358,314
Master Planned Communities land sales        
Revenues:        
Revenues 57,073 58,321 96,805 99,633
Expenses:        
Cost of sales 25,875 28,006 42,661 44,824
Other land, rental and property revenues        
Revenues:        
Revenues 11,447 59,774 46,344 101,253
Builder price participation        
Revenues:        
Revenues $ 8,947 $ 9,369 $ 16,706 $ 14,564