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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rentals, net $ 109,430 $ 117,378 $ 313,293 $ 356,666
Other 2,925 3,984 8,549 10,494
Total Revenues 112,355 121,362 321,842 367,160
Operating Expenses:        
Depreciation and amortization 37,946 33,380 112,229 102,319
Operating 22,816 22,912 65,954 69,927
Real estate taxes, net 16,479 15,205 47,220 47,072
Impairment loss 0 0 44 74
General and administrative 10,245 8,432 25,472 26,893
Total Operating Expenses 87,486 79,929 250,919 246,285
Other Income (Expense):        
Interest expense, net (15,044) (13,820) (45,422) (44,062)
Interest and other income, net 2,749 1,104 2,214 7,409
Gain on sale of property 10,268 74,115 31,742 143,963
Total Other (Expense) Income (2,027) 61,399 (11,466) 107,310
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships 22,842 102,832 59,457 228,185
Provision for Income Taxes (195) (21) (710) (682)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 4,814 5,698 35,339 17,780
Net Income 27,461 108,509 94,086 245,283
Less: Net Income Attributable to Noncontrolling Interests (2,372) (1,767) (5,007) (5,066)
Net Income Attributable to Common Shareholders $ 25,089 $ 106,742 $ 89,079 $ 240,217
Earnings Per Common Share - Basic:        
Net income attributable to common shareholders (dollars per share) $ 0.20 $ 0.83 $ 0.70 $ 1.88
Earnings Per Common Share - Diluted:        
Net income attributable to common shareholders (dollars per share) $ 0.20 $ 0.82 $ 0.69 $ 1.86