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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUE        
Rental income $ 207,410 $ 233,212 $ 613,687 $ 694,435
Mortgage interest income 787 735 2,294 2,204
Total revenue 208,197 233,947 615,981 696,639
EXPENSES        
Rental expenses 41,832 54,484 122,561 140,182
Real estate taxes 30,520 29,030 90,183 81,883
General and administrative 9,308 11,060 29,373 32,047
Depreciation and amortization 65,631 59,648 190,603 178,327
Total operating expenses 147,291 154,222 432,720 432,439
Gain on sale of real estate, net of tax 0 14,293 11,682 30,490
OPERATING INCOME 3,688 94,018 137,725 294,690
OTHER INCOME/(EXPENSE)        
Other interest income 538 389 1,355 755
Interest expense (36,228) (27,052) (98,746) (82,567)
Loss from partnerships (1,621) (249) (6,657) (1,302)
NET (LOSS) INCOME (33,623) 67,106 33,677 211,576
Net loss (income) attributable to noncontrolling interests 5,334 (1,641) 3,304 (5,065)
NET (LOSS) INCOME ATTRIBUTABLE TO THE TRUST (28,289) 65,465 36,981 206,511
Dividends on preferred shares (2,010) (2,010) (6,031) (6,031)
NET (LOSS) INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ (30,299) $ 63,455 $ 30,950 $ 200,480
EARNINGS PER COMMON SHARE, BASIC AND DILUTED:        
Net (loss) income available for common shareholders $ (0.41) $ 0.84 $ 0.40 $ 2.68
Weighted average number of common shares 75,404 74,832 75,386 74,584
COMPREHENSIVE (LOSS) INCOME $ (33,165) $ 66,995 $ 27,190 $ 210,857
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO THE TRUST (27,831) 65,354 30,494 205,792
Other Asset Impairment Charges $ 57,218 $ 0 $ 57,218 $ 0