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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental property revenues $ 446,035 $ 249,814 $ 196,244
Fee income 8,632 8,347 7,297
Other 11,518 1,050 828
Total revenues 466,185 259,211 204,369
Expenses:      
Rental property operating expenses 163,882 96,908 82,545
Reimbursed expenses 3,527 3,259 3,430
General and administrative expenses 27,523 25,592 16,918
Interest expense 33,524 26,650 22,735
Depreciation and amortization 196,745 97,948 71,625
Acquisition and transaction costs 1,661 24,521 299
Other 1,796 5,888 1,181
Total costs and expenses 428,658 280,766 198,733
(Gain) loss on extinguishment of debt 2,258 (5,180) 0
Income (loss) from continuing operations before unconsolidated joint ventures and gain (loss) on sale of investment properties 39,785 (26,735) 5,636
Income from unconsolidated joint ventures 47,115 10,562 8,302
Income (loss) from continuing operations before gain on sale of investment properties 86,900 (16,173) 13,938
Gain on sale of investment properties 133,059 77,114 80,394
Income from continuing operations 219,959 60,941 94,332
Income from discontinued operations:      
Income from discontinued operations 0 19,163 31,848
Loss on sale from discontinued operations 0 0 (551)
Income from discontinued operations 0 19,163 31,297
Net income 219,959 80,104 125,629
Net income attributable to noncontrolling interests (3,684) (995) (111)
Net income attributable to controlling interests $ 216,275 $ 79,109 $ 125,518
Per common share information — basic:      
Income from continuing operations for common stockholders (in usd per share) $ 0.52 $ 0.24 $ 0.44
Income from discontinued operations for common stockholders (in usd per share) 0.00 0.07 0.14
Net income available to common stockholders (in usd per share) 0.52 0.31 0.58
Per common share information — diluted:      
Income from continuing operations for common stockholders (in usd per share) 0.52 0.24 0.44
Income from discontinued operations for common stockholders (in usd per share) 0.00 0.07 0.14
Net income available to common stockholders (in usd per share) $ 0.52 $ 0.31 $ 0.58
Weighted average shares — basic 415,610 253,895 215,827
Weighted average shares — diluted 423,297 256,023 215,979
Dividends declared per common share (in usd per share) $ 0.30 $ 0.24 $ 0.32