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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 178,529 $ 176,349 $ 345,800 $ 340,682
Operating expenses:        
Property operating expenses 39,418 38,529 83,603 80,739
Ground rent expenses 2,332 2,332 4,663 4,663
General and administrative expenses 13,225 12,579 25,853 23,667
Observatory expenses 7,678 7,176 15,014 14,431
Real estate taxes 26,743 24,542 53,487 49,100
Depreciation and amortization 39,468 40,532 79,351 81,378
Total operating expenses 128,864 125,690 261,971 253,978
Total operating income 49,665 50,659 83,829 86,704
Other income (expense):        
Interest income 2,499 775 3,724 1,396
Interest expense (20,525) (17,477) (38,116) (35,219)
Loss from derivative financial instruments 0 (42) 0 (289)
Income before income taxes 31,639 33,915 49,437 52,592
Income tax expense (1,455) (2,556) (1,195) (2,088)
Net income 30,184 31,359 48,242 50,504
Private perpetual preferred unit distributions (234) (234) (468) (468)
Net income attributable to common unitholders $ 29,950 $ 31,125 $ 47,774 $ 50,036
Total weighted average units:        
Basic (in units) 297,244 296,388 297,028 296,388
Diluted (in units) 297,244 298,398 297,029 298,180
Earnings per unit attributable to common unitholders:        
Basic earnings (in USD per unit) $ 0.10 $ 0.10 $ 0.16 $ 0.17
Diluted earnings (in USD per unit) 0.10 0.10 0.16 0.17
Dividends per unit (in USD per unit) $ 0.105 $ 0.105 $ 0.21 $ 0.21
Rental revenue        
Revenues:        
Total revenues $ 124,038 $ 120,844 $ 246,349 $ 237,957
Tenant expense reimbursement        
Revenues:        
Total revenues 16,205 17,569 33,999 33,543
Observatory revenue        
Revenues:        
Total revenues 35,201 33,966 56,450 54,906
Lease termination fees        
Revenues:        
Total revenues 357 1,251 979 9,189
Third-party management and other fees        
Revenues:        
Total revenues 376 392 839 743
Other revenue and fees        
Revenues:        
Total revenues $ 2,352 $ 2,327 $ 7,184 $ 4,344