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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income        
Rental income $ 45,043 $ 46,341 $ 91,596 $ 93,338
Tenant recovery income 15,068 14,086 30,776 27,819
Other property income 739 624 1,318 1,088
Other fee income 924 1,102 2,000 2,194
Total income 61,774 62,153 125,690 124,439
Expenses        
General and administrative expenses 8,720 11,009 16,989 22,433
Property operating expenses 8,747 8,273 18,014 16,347
Real estate taxes 9,671 9,099 19,030 17,167
Depreciation and amortization 23,254 22,876 48,084 45,874
Provision for asset impairment 0 0   16,440
Total expenses 50,392 51,257 102,914 118,261
Operating income 11,382 10,896 22,776 6,178
Interest and dividend income 722 745 1,149 2,915
Gain on sale of investment properties, net 17,960 13,360 38,265 14,381
(Loss) gain on extinguishment of debt, net (55) 882 10,697 882
Other income (expense) 231 (79) 494 (3,282)
Interest expense (6,451) (7,786) (13,093) (15,207)
Equity in (losses) earnings of unconsolidated entities (711) 675 (2,752) 1,247
Realized and unrealized investment income, net 236 16,339 223 30,869
Income from continuing operations before income taxes 23,314 35,032 57,759 37,983
Income tax expense (151) (231) (364) (513)
Net income from continuing operations 23,163 34,801 57,395 37,470
Net loss from discontinued operations 0 (881) 0 (1,454)
Net income $ 23,163 $ 33,920 $ 57,395 $ 36,016
Weighted average number of common shares outstanding, basic and diluted (in shares) 774,391,881 773,381,165 774,351,790 773,348,893
Net income per common share, from continuing operations, basic and diluted (in dollars per share) $ 0.03 $ 0.04 $ 0.07 $ 0.05
Net income per common share, from discontinued operations, basic and diluted (in dollars per share) 0.00 0.00 0.00 0.00
Net income per common share, basic and diluted (in dollars per share) 0.03 0.04 0.07 0.05
Distributions declared per common share outstanding (in dollars per share) 0.02 0.02 0.04 0.03
Distributions paid per common share outstanding (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.03
Comprehensive income (loss)        
Net income $ 23,163 $ 33,920 $ 57,395 $ 36,016
Unrealized gain (loss) on investment securities 0 2,907 0 (17,664)
Unrealized gain (loss) on derivatives 316 (182) 1,076 315
Reclassification for amounts recognized in net income (216) (16,339) (309) (30,869)
Comprehensive income (loss) $ 23,263 $ 20,306 $ 58,162 $ (12,202)