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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rentals, net $ 141,064 $ 136,435 $ 424,845 $ 397,758
Other 3,046 2,164 8,951 8,934
Total 144,110 138,599 433,796 406,692
Expenses:        
Depreciation and amortization 41,509 42,064 126,115 119,161
Operating 27,813 24,760 83,944 72,959
Real estate taxes, net 18,634 17,067 57,783 50,145
Impairment loss 0 0 15,012 43
General and administrative 6,537 7,187 20,567 20,073
Total 94,493 91,078 303,421 262,381
Operating Income 49,617 47,521 130,375 144,311
Interest Expense, net (19,850) (21,843) (61,405) (61,292)
Interest and Other Income 1,485 1,268 4,525 1,840
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 0 9,015 0 46,407
(Provision) Benefit for Income Taxes (577) (1,105) 2,035 (7,020)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 5,219 4,373 17,966 15,111
Income from Continuing Operations 35,894 39,229 93,496 139,357
Gain on Sale of Property 38,579 22,108 86,566 68,298
Net Income 74,473 61,337 180,062 207,655
Less: Net Income Attributable to Noncontrolling Interests (1,844) (9,436) (12,755) (12,864)
Net Income Attributable to Common Shareholders $ 72,629 $ 51,901 $ 167,307 $ 194,791
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.57 $ 0.41 $ 1.31 $ 1.55
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.56 $ 0.40 $ 1.30 $ 1.53