XML 18 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income        
Rental income $ 46,808 $ 44,487 $ 140,146 $ 136,924
Tenant recovery income 14,704 13,500 42,523 40,110
Other property income 321 740 1,409 2,679
Other fee income 1,018 1,106 3,212 3,187
Total income 62,851 59,833 187,290 182,900
Expenses        
General and administrative expenses 12,070 12,002 36,330 40,259
Property operating expenses 8,181 7,627 22,808 21,885
Real estate taxes 9,874 8,667 27,041 27,053
Depreciation and amortization 23,941 21,106 69,815 62,674
Provision for asset impairment 0 2,818 16,440 11,208
Total expenses 54,066 52,220 172,434 163,079
Operating income 8,785 7,613 14,856 19,821
Interest and dividend income 938 3,128 3,853 8,538
Gain on sale of investment properties, net 7,253 29,586 21,634 105,998
(Loss) gain on extinguishment of debt (41) (4,645) 840 (10,317)
Other income (expense) 2,610 677 (671) 1,125
Interest expense (7,588) (10,152) (22,795) (37,086)
Equity in earnings of unconsolidated entities 648 3,849 1,895 7,739
Marketable securities realized gain and (impairment), net 71 (1,326) 30,940 (698)
Income from continuing operations before income taxes 12,676 28,730 50,552 95,120
Income tax expense (432) (286) (943) (480)
Net income from continuing operations 12,244 28,444 49,609 94,640
Net income from discontinued operations 9,721 8,875 8,372 131,787
Net income $ 21,965 $ 37,319 $ 57,981 $ 226,427
Weighted average number of common shares outstanding, basic and diluted (in shares) 773,517,492 862,212,317 773,405,710 862,207,903
Net income per common share, from continuing operations, basic and diluted (in dollars per share) $ 0.02 $ 0.03 $ 0.06 $ 0.11
Net income per common share, from discontinued operations, basic and diluted (in dollars per share) 0.01 0.01 0.01 0.15
Net income per common share, basic and diluted (in dollars per share) 0.03 0.04 0.07 0.26
Distributions declared per common share outstanding (in dollars per share) 0.02 0.02 0.05 0.08
Distributions paid per common share outstanding (in dollars per share) $ 0.02 $ 0.03 $ 0.05 $ 0.10
Comprehensive income        
Net income $ 21,965 $ 37,319 $ 57,981 $ 226,427
Unrealized gain (loss) on investment securities 4,257 (10,447) (13,407) 6,039
Unrealized gain (loss) on derivatives 111 785 426 (1,831)
Reclassification for amounts recognized in net income (71) 1,656 (30,940) 2,081
Comprehensive income $ 26,262 $ 29,313 $ 14,060 $ 232,716