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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income    
Rental income $ 46,553 $ 46,997
Tenant recovery income 15,708 13,733
Other property income 579 464
Other fee income 1,076 1,092
Total income 63,916 62,286
Expenses    
General and administrative expenses 8,269 11,424
Property operating expenses 9,267 8,074
Real estate taxes 9,359 8,068
Depreciation and amortization 24,830 22,998
Provision for asset impairment 797 16,440
Total expenses 52,522 67,004
Operating income (loss) 11,394 (4,718)
Interest and dividend income 427 2,170
Gain on sale of investment properties, net 20,305 1,021
Gain on extinguishment of debt 10,751 0
Other income (expense) 264 (3,202)
Interest expense (6,642) (7,421)
Equity in (losses) earnings of unconsolidated entities (2,041) 572
Realized and unrealized investment (loss) income, net (13) 14,530
Income from continuing operations before income taxes 34,445 2,952
Income tax expense (213) (282)
Net income from continuing operations 34,232 2,670
Net loss from discontinued operations 0 (574)
Net income $ 34,232 $ 2,096
Weighted average number of common shares outstanding, basic and diluted (in shares) 774,311,254 773,316,262
Net income per common share, from continuing operations, basic and diluted (in dollars per share) $ 0.04 $ 0.00
Net income per common share, from discontinued operations, basic and diluted (in dollars per share) 0.00 0.00
Net income per common share, basic and diluted (in dollars per share) 0.04 0.00
Distributions declared per common share outstanding (in dollars per share) 0.02 0.02
Distributions paid per common share outstanding (in dollars per share) $ 0.02 $ 0.02
Comprehensive income    
Net income $ 34,232 $ 2,096
Unrealized loss on investment securities 0 (20,571)
Unrealized gain on derivatives 760 497
Reclassification for amounts recognized in net income (93) (14,530)
Comprehensive income (loss) $ 34,899 $ (32,508)