XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental revenues $ 403,848 $ 228,504 $ 799,640 $ 454,600
Other property income 28,578 13,712 56,455 26,366
Total revenues 432,426 242,216 856,095 480,966
Operating expenses:        
Property operating and maintenance 165,423 92,840 326,190 181,008
Property management expense 14,348 9,135 31,512 20,584
General and administrative 24,636 18,426 52,272 76,692
Depreciation and amortization 146,450 67,515 290,950 135,092
Impairment and other 4,103 706 10,224 1,910
Total operating expenses 354,960 188,622 711,148 415,286
Operating income 77,466 53,594 144,947 65,680
Other expenses:        
Interest expense (97,226) (57,358) (189,525) (125,930)
Other, net 1,631 (869) 3,367 (1,095)
Total other expenses (95,595) (58,227) (186,158) (127,025)
Loss from continuing operations (18,129) (4,633) (41,211) (61,345)
Gain on sale of property, net of tax 3,941 10,162 9,443 24,483
Net income (loss) (14,188) 5,529 (31,768) (36,862)
Net loss attributable to non-controlling interests 242 0 553 0
Net income (loss) attributable to common shareholders (13,946) 5,529 (31,215) $ (36,862)
Net income (loss) available to common shareholders — basic (14,155) 5,420 (31,646)  
Net income (loss) available to common shareholders — diluted $ (14,155) $ 5,420 $ (31,646)  
Weighted average common shares outstanding — basic (in shares) 520,509,058 311,771,221 520,087,371  
Weighted average common shares outstanding — diluted (in shares) 520,509,058 312,271,578 520,087,371  
Net income (loss) per common share — basic (in dollars per share) $ (0.03) $ 0.02 $ (0.06)  
Net income (loss) per common share — diluted (in dollars per share) (0.03) 0.02 (0.06)  
Dividends declared per common share (in dollars per share) $ 0.11 $ 0.06 $ 0.22