XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Lease income $ 283,303 $ 234,541 $ 826,390 $ 731,630
Other property income 4,401 2,261 9,428 7,001
Management, transaction, and other fees 19,671 6,142 33,419 19,084
Total revenues 307,375 242,944 869,237 757,715
Operating expenses:        
Depreciation and amortization 75,459 84,808 226,935 259,161
Operating and maintenance 43,468 41,345 135,616 123,746
General and administrative 17,789 19,582 58,263 54,489
Real estate taxes 35,779 35,938 107,392 108,618
Other operating expenses 812 1,208 2,687 5,025
Total operating expenses 173,307 182,881 530,893 551,039
Other expense (income):        
Interest expense, net 35,993 40,794 108,741 118,605
Goodwill impairment       132,128
Provision for impairment of real estate (20)   115 1,014
Gain on sale of real estate, net of tax (6,719) (3,237) (38,198) (48,690)
Early extinguishment of debt   19,358   19,358
Net investment loss (income) (209) (2,046) (3,275) (1,482)
Total other expense (income) 29,463 54,869 67,383 220,933
Income (loss) from operations before equity in income of investments in real estate partnerships 104,605 5,194 270,961 (14,257)
Equity in income of investments in real estate partnerships 14,243 8,116 26,344 22,358
Net income 118,848 13,310 297,305 8,101
Noncontrolling interests:        
Exchangeable operating partnership units (519) (57) (1,315) (29)
Limited partners’ interests in consolidated partnerships (923) (565) (2,438) (1,670)
Income attributable to noncontrolling interests (1,442) (622) (3,753) (1,699)
Net income attributable to common stockholders $ 117,406 $ 12,688 $ 293,552 $ 6,402
Income per common share - basic $ 0.69 $ 0.07 $ 1.73 $ 0.04
Income per common share - diluted $ 0.69 $ 0.07 $ 1.72 $ 0.04
Partnership Interest [Member]        
Revenues:        
Lease income $ 283,303 $ 234,541 $ 826,390 $ 731,630
Other property income 4,401 2,261 9,428 7,001
Management, transaction, and other fees 19,671 6,142 33,419 19,084
Total revenues 307,375 242,944 869,237 757,715
Operating expenses:        
Depreciation and amortization 75,459 84,808 226,935 259,161
Operating and maintenance 43,468 41,345 135,616 123,746
General and administrative 17,789 19,582 58,263 54,489
Real estate taxes 35,779 35,938 107,392 108,618
Other operating expenses 812 1,208 2,687 5,025
Total operating expenses 173,307 182,881 530,893 551,039
Other expense (income):        
Interest expense, net 35,993 40,794 108,741 118,605
Goodwill impairment       132,128
Provision for impairment of real estate (20)   115 1,014
Gain on sale of real estate, net of tax (6,719) (3,237) (38,198) (48,690)
Early extinguishment of debt   19,358   19,358
Net investment loss (income) (209) (2,046) (3,275) (1,482)
Total other expense (income) 29,463 54,869 67,383 220,933
Income (loss) from operations before equity in income of investments in real estate partnerships 104,605 5,194 270,961 (14,257)
Equity in income of investments in real estate partnerships 14,243 8,116 26,344 22,358
Net income 118,848 13,310 297,305 8,101
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (923) (565) (2,438) (1,670)
Income attributable to noncontrolling interests (923) (565) (2,438) (1,670)
Net income attributable to common unit holders $ 117,925 $ 12,745 $ 294,867 $ 6,431
Income per common share - basic $ 0.69 $ 0.07 $ 1.73 $ 0.04
Income per common share - diluted $ 0.69 $ 0.07 $ 1.72 $ 0.04