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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Rental income $ 50,779 $ 48,585
Expense reimbursements 11,208 12,316
Other 1,137 1,098
Total revenues 63,124 61,999
Operating expenses    
Depreciation and amortization 28,576 24,536
General and administrative 8,470 8,469
Real estate taxes 8,959 10,606
Property operating 10,338 8,197
Other operating 80 294
Total operating expenses 56,423 52,102
Operating income 6,701 9,897
Equity in earnings and gains of unconsolidated affiliates inclusive of gains on disposition of properties of $0 and $11,846 respectively 1,684 12,703
Interest income 3,737 8,984
Interest expense (15,890) (11,488)
(Loss) income from continuing operations before income taxes (3,768) 20,096
Income tax provision (392) (125)
Net (loss) income (4,160) 19,971
Net loss (income) attributable to noncontrolling interests 11,579 (4,340)
Net income attributable to Acadia $ 7,419 $ 15,631
Basic and diluted earnings per share (in dollars per share) $ 0.09 $ 0.18