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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES:    
Rental and other property income $ 60,809 $ 62,848
Expense reimbursements 3,030 2,928
Interest and other income 3,110 2,841
REVENUES 66,949 68,617
EXPENSES:    
Rental and other property operating 22,960 31,278
Asset management and other fees to related parties 8,700 8,631
Interest 9,773 6,815
General and administrative 1,679 1,942
Transaction costs 13 149
Depreciation and amortization 17,231 18,058
EXPENSES 60,356 66,873
Gain on sale of real estate 187,734 24,739
INCOME FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES 194,327 26,483
Provision for income taxes 392 190
NET INCOME FROM CONTINUING OPERATIONS 193,935 26,293
DISCONTINUED OPERATIONS:    
Income from operations of assets held for sale 0 690
NET INCOME FROM DISCONTINUED OPERATIONS 0 690
NET INCOME 193,935 26,983
Net income attributable to noncontrolling interests (5) (3)
NET INCOME ATTRIBUTABLE TO THE COMPANY 193,930 26,980
Redeemable preferred stock dividends (31) 0
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 193,899 $ 26,980
BASIC AND DILUTED NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE:    
Continuing operations (in usd per share) $ 2.31 $ 0.27
Discontinued operations (in usd per share) 0.00 0.01
Net income (in usd per share) $ 2.31 $ 0.28
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic (in shares) 84,048 97,662
Diluted (in shares) 84,048 97,662