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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Lease income $ 234,541 $ 272,143 $ 731,630 $ 815,682
Other property income 2,261 2,780 7,001 6,956
Management, transaction, and other fees 6,142 7,353 19,084 21,768
Total revenues 242,944 282,276 757,715 844,406
Operating expenses:        
Depreciation and amortization 84,808 91,856 259,161 282,639
Operating and maintenance 41,345 41,695 123,746 125,092
General and administrative 19,582 16,705 54,489 56,722
Real estate taxes 35,938 33,601 108,618 101,263
Other operating expenses 1,208 1,819 5,025 4,486
Total operating expenses 182,881 185,676 551,039 570,202
Other expense (income):        
Interest expense, net 40,794 38,253 118,605 113,178
Goodwill impairment     132,128  
Provision for impairment of real estate, net of tax   (14) 1,014 12,099
Gain on sale of real estate, net of tax (3,237) (887) (48,690) (17,819)
Early extinguishment of debt 19,358 1,391 19,358 11,982
Net investment (income) loss (2,046) (370) (1,482) (3,690)
Total other expense (income) 54,869 38,373 220,933 115,750
Income (loss) from operations before equity in income of investments in real estate partnerships 5,194 58,227 (14,257) 158,454
Equity in income (loss) of investments in real estate partnerships 8,116 (283) 22,358 43,673
Net income 13,310 57,944 8,101 202,127
Noncontrolling interests:        
Exchangeable operating partnership units (57) (157) (29) (456)
Limited partners’ interests in consolidated partnerships (565) (822) (1,670) (2,532)
Income attributable to noncontrolling interests (622) (979) (1,699) (2,988)
Net income attributable to common stockholders $ 12,688 $ 56,965 $ 6,402 $ 199,139
Income per common share - basic $ 0.07 $ 0.34 $ 0.04 $ 1.19
Income per common share - diluted $ 0.07 $ 0.34 $ 0.04 $ 1.19
Partnership Interest [Member]        
Revenues:        
Lease income $ 234,541 $ 272,143 $ 731,630 $ 815,682
Other property income 2,261 2,780 7,001 6,956
Management, transaction, and other fees 6,142 7,353 19,084 21,768
Total revenues 242,944 282,276 757,715 844,406
Operating expenses:        
Depreciation and amortization 84,808 91,856 259,161 282,639
Operating and maintenance 41,345 41,695 123,746 125,092
General and administrative 19,582 16,705 54,489 56,722
Real estate taxes 35,938 33,601 108,618 101,263
Other operating expenses 1,208 1,819 5,025 4,486
Total operating expenses 182,881 185,676 551,039 570,202
Other expense (income):        
Interest expense, net 40,794 38,253 118,605 113,178
Goodwill impairment     132,128  
Provision for impairment of real estate, net of tax   (14) 1,014 12,099
Gain on sale of real estate, net of tax (3,237) (887) (48,690) (17,819)
Early extinguishment of debt 19,358 1,391 19,358 11,982
Net investment (income) loss (2,046) (370) (1,482) (3,690)
Total other expense (income) 54,869 38,373 220,933 115,750
Income (loss) from operations before equity in income of investments in real estate partnerships 5,194 58,227 (14,257) 158,454
Equity in income (loss) of investments in real estate partnerships 8,116 (283) 22,358 43,673
Net income 13,310 57,944 8,101 202,127
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (565) (822) (1,670) (2,532)
Income attributable to noncontrolling interests (565) (822) (1,670) (2,532)
Net income attributable to common unit holders $ 12,745 $ 57,122 $ 6,431 $ 199,595
Income per common unit - basic $ 0.07 $ 0.34 $ 0.04 $ 1.19
Income per common unit - diluted $ 0.07 $ 0.34 $ 0.04 $ 1.19