XML 61 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Rental and other property income $ 62,623 $ 59,305 $ 189,192 $ 179,931
Expense reimbursements 3,336 3,345 9,780 8,342
Interest and other income 436 467 1,581 2,628
REVENUES 66,395 63,117 200,553 190,901
EXPENSES:        
Rental and other property operating 33,361 30,996 99,055 91,021
Asset management and other fees to related parties 7,290 6,476 21,955 18,551
Interest 5,551 5,053 16,540 13,655
General and administrative 1,850 1,894 6,397 5,025
Transaction costs 237 46 1,038 546
Depreciation and amortization 17,873 17,677 54,567 51,592
EXPENSES 66,162 62,142 199,552 180,390
Bargain purchase gain (Note 2)       4,918
INCOME FROM CONTINUING OPERATIONS 233 975 1,001 15,429
DISCONTINUED OPERATIONS:        
Income from operations of assets held for sale 5,008 3,305 11,954 8,582
INCOME FROM DISCONTINUED OPERATIONS 5,008 3,305 11,954 8,582
NET INCOME 5,241 4,280 12,955 24,011
Net loss (income) attributable to noncontrolling interests 1 5 (5) (108)
NET INCOME ATTRIBUTABLE TO STOCKHOLDERS $ 5,242 $ 4,285 $ 12,950 $ 23,903
BASIC AND DILUTED INCOME PER SHARE:        
Continuing operations $ 0.00 $ 0.01 $ 0.01 $ 0.16
Discontinued operations 0.05 0.03 0.12 0.09
Net income $ 0.05 $ 0.04 $ 0.13 $ 0.25
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 97,590 97,582 97,587 97,035
Diluted (in shares) 97,590 97,583 97,587 97,039