XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Rental income $ 290,737 $ 312,720 $ 580,692 $ 629,517
Other revenues 268 310 1,452 688
Total revenues 291,005 313,030 582,144 630,205
Operating expenses        
Operating costs 29,307 33,881 60,565 69,371
Real estate taxes 43,189 44,947 86,515 90,672
Depreciation and amortization 81,593 91,334 166,988 181,717
Provision for doubtful accounts 0 949 0 3,364
Impairment of real estate assets 6,186 11,927 9,298 27,829
General and administrative 25,175 21,320 50,618 43,746
Total operating expenses 185,450 204,358 373,984 416,699
Other income (expense)        
Dividends and interest 300 104 447 200
Interest expense (48,475) (55,200) (95,141) (110,371)
Gain on sale of real estate assets 13,043 28,262 20,645 39,710
Loss on extinguishment of debt, net (707) (291) (677) (423)
Other (756) (1,185) (1,574) (1,238)
Total other expense (36,595) (28,310) (76,300) (72,122)
Net income 68,960 80,362 131,860 141,384
Net income $ 68,960 $ 80,362 $ 131,860 $ 141,384
Net income:        
Basic (usd per share) $ 0.23 $ 0.27 $ 0.44 $ 0.47
Diluted (usd per share) $ 0.23 $ 0.26 $ 0.44 $ 0.47
Weighted average shares:        
Basic (in shares) 298,140 302,776 298,372 303,468
Diluted (in shares) 298,893 302,934 298,895 303,614
Brixmor Operating Partnership LP        
Revenues        
Rental income $ 290,737 $ 312,720 $ 580,692 $ 629,517
Other revenues 268 310 1,452 688
Total revenues 291,005 313,030 582,144 630,205
Operating expenses        
Operating costs 29,307 33,881 60,565 69,371
Real estate taxes 43,189 44,947 86,515 90,672
Depreciation and amortization 81,593 91,334 166,988 181,717
Provision for doubtful accounts 0 949 0 3,364
Impairment of real estate assets 6,186 11,927 9,298 27,829
General and administrative 25,175 21,320 50,618 43,746
Total operating expenses 185,450 204,358 373,984 416,699
Other income (expense)        
Dividends and interest 300 104 447 200
Interest expense (48,475) (55,200) (95,141) (110,371)
Gain on sale of real estate assets 13,043 28,262 20,645 39,710
Loss on extinguishment of debt, net (707) (291) (677) (423)
Other (756) (1,185) (1,574) (1,238)
Total other expense (36,595) (28,310) (76,300) (72,122)
Net income 68,960 80,362 131,860 141,384
Net income $ 68,960 $ 80,362 $ 131,860 $ 141,384
Net income:        
Basic (usd per share) $ 0.23 $ 0.27 $ 0.44 $ 0.47
Diluted (usd per share) $ 0.23 $ 0.26 $ 0.44 $ 0.47
Weighted average shares:        
Basic (in shares) 298,140 302,776 298,372 303,468
Diluted (in shares) 298,893 302,934 298,895 303,614