XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rentals, net $ 138,520 $ 142,963 $ 267,249 $ 283,781
Other 3,566 3,060 7,289 5,905
Total 142,086 146,023 274,538 289,686
Expenses:        
Depreciation and amortization 50,421 42,157 88,516 84,606
Operating 24,104 26,221 47,374 56,131
Real estate taxes, net 17,466 21,632 35,105 39,149
Impairment loss 0 26 0 15,012
General and administrative 6,149 6,418 11,744 13,802
Total 98,140 96,454 182,739 208,700
Operating Income 43,946 49,569 91,799 80,986
Interest Expense, net (17,017) (20,473) (31,689) (41,555)
Interest and Other Income (Expense) 1,355 1,190 2,888 2,812
(Provision) Benefit for Income Taxes (684) (747) (1,467) 2,612
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 5,318 7,430 11,311 12,747
Income from Continuing Operations 32,918 36,969 72,842 57,602
Gain on Sale of Property 46,953 32,224 155,998 47,987
Net Income 79,871 69,193 228,840 105,589
Less: Net Income Attributable to Noncontrolling Interests (1,582) (5,341) (3,727) (10,911)
Net Income Attributable to Common Shareholders $ 78,289 $ 63,852 $ 225,113 $ 94,678
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.61 $ 0.50 $ 1.76 $ 0.74
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.61 $ 0.49 $ 1.74 $ 0.74