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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rentals, net $ 136,435 $ 128,254 $ 397,758 $ 375,222
Other 2,164 2,533 8,934 7,968
Total 138,599 130,787 406,692 383,190
Expenses:        
Depreciation and amortization 42,064 36,327 119,161 108,929
Operating 24,760 24,291 72,959 69,076
Real estate taxes, net 17,067 15,770 50,145 45,895
Impairment loss 0 0 43 153
General and administrative 7,187 6,188 20,073 20,021
Total 91,078 82,576 262,381 244,074
Operating Income 47,521 48,211 144,311 139,116
Interest Expense, net (21,843) (20,607) (61,292) (67,357)
Interest and Other Income (Expense), net 1,268 (888) 1,840 2,252
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 9,015 0 46,407 879
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 4,373 5,096 15,111 13,680
(Provision) Benefit for Income Taxes (1,105) 144 (7,020) (291)
Income from Continuing Operations 39,229 31,956 139,357 88,279
Gain on Sale of Property 22,108 13,232 68,298 43,917
Net Income 61,337 45,188 207,655 132,196
Less: Net Income Attributable to Noncontrolling Interests (9,436) (1,787) (12,864) (5,119)
Net Income Adjusted for Noncontrolling Interests 51,901 43,401 194,791 127,077
Dividends on Preferred Shares 0 0 0 (3,830)
Redemption Costs of Preferred Shares 0 0 0 (9,687)
Net Income Attributable to Common Shareholders $ 51,901 $ 43,401 $ 194,791 $ 113,560
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.41 $ 0.35 $ 1.55 $ 0.92
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.40 $ 0.35 $ 1.53 $ 0.91