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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES:    
Rental property revenues $ 77,484 $ 33,125
Fee income 2,338 3,579
Other 1,901 1,558
Total consolidated revenues 81,723 38,262
COSTS AND EXPENSES:    
Rental property operating expenses 34,857 15,208
Reimbursed expenses 932 1,910
General and administrative expenses 5,611 6,070
Interest expense 7,167 4,935
Depreciation and amortization 34,140 11,246
Separation expenses 84 0
Acquisition and related costs 22 235
Other 494 1,455
Total costs and expenses 83,307 41,059
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES, UNCONSOLIDATED JOINT VENTURES AND SALE OF INVESTMENT PROPERTIES (1,584) (2,797)
PROVISION FOR INCOME TAXES FROM OPERATIONS 12 (1)
INCOME FROM UNCONSOLIDATED JOINT VENTURES 1,286 1,652
LOSS FROM CONTINUING OPERATIONS BEFORE GAIN ON SALE OF INVESTMENT PROPERTIES (286) (1,146)
GAIN ON SALE OF INVESTMENT PROPERTIES 161 57,154
INCOME (LOSS) FROM CONTINUING OPERATIONS (125) 56,008
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:    
Loss from discontinued operations 892 778
Gain on sale of discontinued operations, net 6,365 118
Total income from discontinued operations 7,257 896
NET INCOME (LOSS) 7,132 56,904
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (155) (507)
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST 6,977 56,397
DIVIDENDS TO PREFERRED STOCKHOLDERS (1,777) (3,227)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS $ 5,200 $ 53,170
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:    
Income (loss) from continuing operations attributable to controlling interest $ (0.01) $ 0.50
Income from discontinued operations $ 0.04 $ 0.01
Net income (loss) available to common stockholders $ 0.03 $ 0.51
WEIGHTED AVERAGE SHARES — BASIC 191,739 104,119
WEIGHTED AVERAGE SHARES — DILUTED 191,952 104,252
Common Stock, Dividends, Per Share, Declared $ 0.075 $ 0.045