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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rentals, net $ 142,963 $ 132,814 $ 283,781 $ 261,323
Other 3,060 2,862 5,905 6,770
Total 146,023 135,676 289,686 268,093
Expenses:        
Depreciation and amortization 42,157 39,218 84,606 77,097
Operating 26,221 24,663 56,131 48,199
Real estate taxes, net 21,632 17,221 39,149 33,078
Impairment loss 26 0 15,012 43
General and administrative 6,514 6,388 14,030 12,886
Total 96,550 87,490 208,928 171,303
Operating Income 49,473 48,186 80,758 96,790
Interest Expense, net (20,473) (18,558) (41,555) (39,449)
Interest and Other Income 1,286 361 3,040 572
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 0 0 0 37,392
(Provision) Benefit for Income Taxes (747) (16) 2,612 (5,915)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 7,430 6,645 12,747 10,738
Income from Continuing Operations 36,969 36,618 57,602 100,128
Gain on Sale of Property 32,224 1,033 47,987 46,190
Net Income 69,193 37,651 105,589 146,318
Less: Net Income Attributable to Noncontrolling Interests (5,341) (1,835) (10,911) (3,428)
Net Income Attributable to Common Shareholders $ 63,852 $ 35,816 $ 94,678 $ 142,890
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.50 $ 0.28 $ 0.74 $ 1.15
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.49 $ 0.28 $ 0.74 $ 1.13