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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE        
Property rental $ 115,459 $ 122,326 $ 235,839 $ 241,739
Third-party real estate services, including reimbursements 27,167 29,487 56,883 57,178
Other revenue 2,326 8,804 10,337 16,899
Total revenue 144,952 160,617 303,059 315,816
EXPENSES        
Depreciation and amortization 52,616 45,995 101,105 94,714
Property operating 33,792 32,113 68,295 64,287
Real estate taxes 17,869 18,266 36,068 35,501
General and administrative:        
Corporate and other 13,216 11,559 26,392 23,873
Third-party real estate services 29,239 28,710 58,053 56,776
Share-based compensation related to Formation Transaction and special equity awards 8,858 9,523 18,299 20,654
Transaction and other costs 1,372 2,974 6,681 7,869
Total expenses 156,962 149,140 314,893 303,674
Income (loss) from unconsolidated real estate ventures, net (13,485) (1,810) (16,177) 1,791
Interest and other income, net 114 2,052 1,021 3,003
Interest expense (15,770) (13,107) (27,775) (30,281)
Gain on sale of real estate     59,477 39,033
Loss on extinguishment of debt   (1,889) (33) (1,889)
Total other income (expense) (29,141) (14,754) 16,513 11,657
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT (41,151) (3,277) 4,679 23,799
Income tax (expense) benefit 888 (51) 3,233 1,121
NET INCOME (LOSS) (40,263) (3,328) 7,912 24,920
Net (income) loss attributable to redeemable noncontrolling interests 3,483 288 (1,767) (3,099)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (36,780) $ (3,040) $ 6,145 $ 21,821
EARNINGS (LOSS) PER COMMON SHARE:        
Earnings Per Share, Basic $ (0.28) $ (0.03) $ 0.04 $ 0.16
Earnings Per Share, Diluted $ (0.28) $ (0.03) $ 0.04 $ 0.16
Weighted average number of common shares outstanding - basic 133,613 131,754 134,078 127,189
Weighted Average Number of Shares Outstanding, Diluted 133,613 131,754 134,078 127,189