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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Rental income $ 38,590 $ 38,187
Interest income 4,638 3,408
Expense reimbursements 7,959 10,066
Other 1,496 820
Total revenues 52,683 52,481
Operating Expenses    
Property operating 5,537 7,731
Other operating 291 2,120
Real estate taxes 6,165 6,292
General and administrative 9,352 7,532
Depreciation and amortization 16,849 13,658
Total operating expenses 38,194 37,333
Operating income 14,489 15,148
Equity in earnings of unconsolidated affiliates 1,954 6,593
Loss on debt extinguishment 0 (109)
Gain on disposition of properties 65,393 27,143
Interest and other finance expense (8,038) (8,821)
Income before income tax benefit (provision) 73,798 39,954
Income tax benefit (provision) 77 (1,417)
Net income 73,875 38,537
Net income attributable to noncontrolling interests (44,950) (21,990)
Net income attributable to Common Shareholders $ 28,925 $ 16,547
Basic and diluted earnings per share (in dollars per share) $ 0.40 $ 0.24