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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues $ 63,569 $ 59,504 $ 126,693 $ 121,503
Operating expenses        
Depreciation and amortization 29,503 26,057 58,079 50,593
General and administrative 7,907 8,864 16,377 17,333
Real estate taxes 7,031 8,034 15,990 18,640
Property operating 12,524 9,364 22,862 17,561
Other operating 305 443 385 737
Total operating expenses 57,270 52,762 113,693 104,864
Operating income 6,299 6,742 13,000 16,639
Equity in earnings of unconsolidated affiliates inclusive of gain on disposition of properties of $0, $3,285, $0 and $14,771, respectively 5,019 4,340 6,703 17,043
Interest income 3,289 8,203 7,026 17,187
Interest expense (16,915) (12,750) (32,805) (24,238)
(Loss) income from continuing operations before income taxes (2,308) 6,535 (6,076) 26,631
Income tax benefit (provision) 5 (427) (387) (552)
(Loss) income from continuing operations before gain on disposition of properties (2,303) 6,108 (6,463) 26,079
Gain on disposition of properties, net of tax 33 0 33 0
Net (loss) income (2,270) 6,108 (6,430) 26,079
Net loss attributable to noncontrolling interests 9,935 5,952 21,514 1,612
Net income attributable to Acadia $ 7,665 $ 12,060 $ 15,084 $ 27,691
Basic and diluted earnings per share (in dollars per share) $ 0.09 $ 0.14 $ 0.18 $ 0.33
Rental income        
Revenues $ 51,322 $ 48,468 $ 102,101 $ 97,053
Expense reimbursements        
Revenues 10,598 10,074 21,806 22,390
Other        
Revenues $ 1,649 $ 962 $ 2,786 $ 2,060