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Consolidated and Combined Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUE    
Property rentals $ 58,929 $ 57,586
Tenant expense reimbursements 22,507 24,303
Management and development fees 455 535
Other income 1,177 1,359
Total revenue 83,068 83,783
EXPENSES    
Depreciation and amortization 13,915 13,732
Real estate taxes 13,249 12,824
Property operating 12,859 16,523
General and administrative 6,720 12,326
Ground rent 2,538 2,514
Transaction costs 50 21,859
Provision for doubtful accounts 351 323
Total expenses 49,682 80,101
Operating income 33,386 3,682
Interest income 167 11
Interest and debt expense (13,429) (15,169)
Income before income taxes 20,124 (11,476)
Income tax expense (336) (541)
Net income (loss) 19,788 (12,017)
Less (net income) loss attributable to noncontrolling interests in:    
Operating partnership (1,154) 560
Consolidated subsidiaries 4 (6)
Net income (loss) attributable to common shareholders $ 18,638 [1] $ (11,463)
Earnings per common share - Basic (in dollars per share) $ 0.19 $ (0.12)
Earnings per common share - Diluted (in dollars per share) $ 0.19 $ (0.12)
Weighted average shares outstanding - Basic (in shares) 99,265 99,248
Weighted average shares outstanding - Diluted (in shares) 99,363 99,248
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