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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Rental property revenues $ 96,016 $ 86,857 $ 282,226 $ 244,375
Fee income 1,686 1,802 5,206 6,165
Other 444 439 593 4,786
Total consolidated revenues 98,146 89,098 288,025 255,326
COSTS AND EXPENSES:        
Rental property operating expenses 41,331 38,685 120,672 109,501
Reimbursed expenses 686 783 2,514 2,703
General and administrative expenses 2,971 5,021 12,502 16,388
Interest expense 7,673 6,817 23,219 20,954
Depreciation and amortization 32,538 32,704 103,564 101,979
Acquisition and related costs 19 644 104 815
Other 175 481 873 1,936
Total costs and expenses 85,393 85,135 263,448 254,276
Income from continuing operations before taxes, unconsolidated joint ventures, and gain on sale of investment properties 12,753 3,963 24,577 1,050
Benefit (provision) for income taxes from operations 0 (1) 0 20
Income from unconsolidated joint ventures 3,716 2,030 7,088 5,343
Income from continuing operations before gain on sale of investment properties 16,469 5,992 31,665 6,413
Gain on sale of investment properties 37,145 81 37,674 1,569
Income from continuing operations 53,614 6,073 69,339 7,982
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:        
Income (loss) from discontinued operations 6 348 (14) 1,806
Gain (loss) on sale from discontinued operations 0 12,993 (551) 19,372
Total income from discontinued operations 6 13,341 (565) 21,178
Net income 53,620 19,414 68,774 29,160
Net income attributable to noncontrolling interests 0 (92) 0 (376)
Net income attributable to controlling interests 53,620 19,322 68,774 28,784
Dividends to preferred stockholders 0 0 0 (2,955)
Preferred Share Original Issuance Costs 0 0 0 3,530
Net income available to common stockholders $ 53,620 $ 19,322 $ 68,774 $ 22,299
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:        
Income from continuing operations attributable to controlling interest $ 0.25 $ 0.03 $ 0.32 $ 0.00
Income from discontinued operations 0.00 0.06 0.00 0.11
Net income available to common stockholders $ 0.25 $ 0.09 $ 0.32 $ 0.11
Weighted average shares — basic 216,261 209,839 216,485 200,073
Weighted average shares — diluted 216,374 210,111 216,625 200,325
Dividends declared per common share $ 0.080 $ 0.075 $ 0.240 $ 0.225
Total Segment [Member]        
REVENUES:        
Total consolidated revenues $ 98,146     $ 89,098
COSTS AND EXPENSES:        
Rental property operating expenses       (38,685)
Reimbursed expenses 686 $ 783 $ 2,514 2,703
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:        
Dividends to preferred stockholders   0   (6,485)
Net income available to common stockholders $ 53,620 $ 19,322 $ 68,774 $ 22,299