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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rentals, net $ 95,813 $ 119,462 $ 203,863 $ 239,288
Other 2,322 3,198 5,624 6,510
Total Revenues 98,135 122,660 209,487 245,798
Operating Expenses:        
Depreciation and amortization 37,627 34,967 74,283 68,939
Operating 19,978 22,767 43,138 47,015
Real estate taxes, net 15,733 15,736 30,741 31,867
Impairment loss 0 0 44 74
General and administrative 12,920 8,880 15,227 18,461
Total Operating Expenses 86,258 82,350 163,433 166,356
Other Income (Expense):        
Interest expense, net (15,776) (14,953) (30,378) (30,242)
Interest and other income (expense), net 5,293 1,921 (535) 6,305
Gain on sale of property 7,898 52,061 21,474 69,848
Total Other (Expense) Income (2,585) 39,029 (9,439) 45,911
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships 9,292 79,339 36,615 125,353
Provision for Income Taxes (343) (484) (515) (661)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 3,428 6,665 30,525 12,082
Net Income 12,377 85,520 66,625 136,774
Less: Net Income Attributable to Noncontrolling Interests (1,009) (1,711) (2,635) (3,299)
Net Income Attributable to Common Shareholders $ 11,368 $ 83,809 $ 63,990 $ 133,475
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.09 $ 0.66 $ 0.50 $ 1.04
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.09 $ 0.65 $ 0.50 $ 1.03