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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rentals, net $ 117,378 $ 125,586 $ 356,666 $ 393,471
Other 3,984 3,204 10,494 9,857
Total Revenues 121,362 128,790 367,160 403,328
Operating Expenses:        
Depreciation and amortization 33,380 38,042 102,319 126,558
Operating 22,912 22,555 69,927 69,929
Real estate taxes, net 15,205 17,601 47,072 52,706
Impairment loss 0 2,398 74 2,398
General and administrative 8,432 5,971 26,893 17,715
Total Operating Expenses 79,929 86,567 246,285 269,306
Other Income (Expense):        
Interest expense, net (13,820) (15,996) (44,062) (47,685)
Interest and other income, net 1,104 1,847 7,409 4,735
Gain on sale of property 74,115 17,079 143,963 173,077
Total Other Income 61,399 2,930 107,310 130,127
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships 102,832 45,153 228,185 264,149
(Provision) Benefit for Income Taxes (21) 99 (682) (1,368)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 5,698 8,022 17,780 19,333
Net Income 108,509 53,274 245,283 282,114
Less: Net Income Attributable to Noncontrolling Interests (1,767) (10,293) (5,066) (14,020)
Net Income Attributable to Common Shareholders $ 106,742 $ 42,981 $ 240,217 $ 268,094
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.83 $ 0.34 $ 1.88 $ 2.10
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.82 $ 0.34 $ 1.86 $ 2.08