XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rentals, net $ 132,814 $ 124,310 $ 261,323 $ 246,968
Other 2,862 2,494 6,770 5,435
Total 135,676 126,804 268,093 252,403
Expenses:        
Depreciation and amortization 39,218 36,451 77,097 72,602
Operating 24,663 22,200 48,199 44,785
Real estate taxes, net 17,221 15,498 33,078 30,125
Impairment loss 0 153 43 153
General and administrative 6,388 6,461 12,886 13,833
Total 87,490 80,763 171,303 161,498
Operating Income 48,186 46,041 96,790 90,905
Interest Expense, net (18,558) (20,292) (39,449) (46,750)
Interest and Other Income 361 418 572 3,140
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 0 18 37,392 879
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 6,645 3,212 10,738 8,584
(Provision) Benefit for Income Taxes (16) 226 (5,915) (435)
Income from Continuing Operations 36,618 29,623 100,128 56,323
Gain on Sale of Property 1,033 8,163 46,190 30,685
Net Income 37,651 37,786 146,318 87,008
Less: Net Income Attributable to Noncontrolling Interests (1,835) (1,757) (3,428) (3,332)
Net Income Adjusted for Noncontrolling Interests 35,816 36,029 142,890 83,676
Dividends on Preferred Shares 0 (1,120) 0 (3,830)
Redemption Costs of Preferred Shares 0 (9,687) 0 (9,687)
Net Income Attributable to Common Shareholders $ 35,816 $ 25,222 $ 142,890 $ 70,159
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.28 $ 0.20 $ 1.15 $ 0.57
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.28 $ 0.20 $ 1.13 $ 0.57