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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Rental and other property income $ 57,414 $ 62,623 $ 181,886 $ 189,192
Expense reimbursements 3,884 3,336 10,128 9,780
Interest and other income 3,034 2,501 9,295 7,974
REVENUES 64,332 68,460 201,309 206,946
EXPENSES:        
Rental and other property operating 31,723 33,361 95,300 99,055
Asset management and other fees to related parties 8,496 8,399 25,503 24,776
Interest 10,276 5,781 24,386 17,191
General and administrative 2,226 2,029 6,299 7,250
Transaction costs 53 237 320 1,038
Depreciation and amortization 17,724 17,873 54,262 54,567
EXPENSES 70,498 67,680 206,070 203,877
Gain on sale of real estate 14,927 0 39,666 0
INCOME FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES 8,761 780 34,905 3,069
Provision for income taxes 379 179 1,040 654
NET INCOME FROM CONTINUING OPERATIONS 8,382 601 33,865 2,415
DISCONTINUED OPERATIONS:        
Income from operations of assets held for sale 703 4,640 3,061 10,540
NET INCOME FROM DISCONTINUED OPERATIONS 703 4,640 3,061 10,540
NET INCOME 9,085 5,241 36,926 12,955
Net loss (income) attributable to noncontrolling interests 3 1 (9) (5)
NET INCOME ATTRIBUTABLE TO STOCKHOLDERS $ 9,088 $ 5,242 $ 36,917 $ 12,950
BASIC AND DILUTED INCOME PER SHARE:        
Continuing operations (in usd per share) $ 0.10 $ 0.01 $ 0.36 $ 0.02
Discontinued operations (in usd per share) 0.01 0.05 0.03 0.11
Net income (in usd per share) $ 0.10 $ 0.05 $ 0.39 $ 0.13
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 87,045 97,590 93,772 97,587
Diluted (in shares) 87,045 97,590 93,772 97,587