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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Document Period End Date     Jun. 30, 2016  
REVENUES:        
Rental property revenues $ 90,735 $ 96,177 $ 179,211 $ 186,216
Fee income 1,824 1,704 4,023 3,520
Other 129 22 705 143
Total consolidated revenues 92,688 97,903 183,939 189,879
COSTS AND EXPENSES:        
Rental property operating expenses 38,681 41,387 74,290 79,340
Reimbursed expenses 798 717 1,668 1,828
General and administrative expenses 4,691 5,936 13,183 9,533
Interest expense 7,334 7,869 14,748 15,546
Depreciation and amortization 32,381 34,879 64,350 71,026
Acquisition and related costs 2,424 2 2,443 85
Other 152 341 258 698
Total costs and expenses 86,461 91,131 170,940 178,056
Income from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties 6,227 6,772 12,999 11,823
Income from unconsolidated joint ventures 1,784 1,761 3,618 3,372
Income from continuing operations before gain on sale of investment properties 8,011 8,533 16,617 15,195
Gain on sale of investment properties (246) (576) 13,944 530
Income from continuing operations 7,765 7,957 30,561 15,725
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:        
Loss from discontinued operations 0 (6) 0 (19)
Loss on sale from discontinued operations 0 0 0 (551)
Total income from discontinued operations 0 (6) 0 (570)
Net income $ 7,765 $ 7,951 $ 30,561 $ 15,155
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:        
Income from continuing operations $ 0.04 $ 0.04 $ 0.15 $ 0.07
Income from discontinued operations 0.00 0.00 0.00 0.00
Net income available to common stockholders $ 0.04 $ 0.04 $ 0.15 $ 0.07
Weighted average shares — basic 210,129 216,630 210,516 216,599
Weighted average shares — diluted 210,362 216,766 210,687 216,753
Dividends declared per common share $ 0.080 $ 0.080 $ 0.160 $ 0.160