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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income    
Lease income, net $ 55,035 $ 62,339
Total income 56,391 63,834
Operating expenses    
Depreciation and amortization 22,862 24,830
Property operating expenses 7,474 9,185
Real estate taxes 9,051 9,359
General and administrative expenses 8,523 8,269
Total operating expenses 47,910 51,643
Interest, dividend and other income 654 691
Interest expense, net (5,478) (6,642)
Gain on extinguishment of debt 0 10,751
Provision for asset impairment 0 (797)
Gain on sale and transfer of investment properties, net 0 20,305
Equity in earnings (losses) of unconsolidated entities 459 (2,041)
Realized and unrealized investment losses 0 (13)
Total other (expense) income (4,365) 22,254
Income before income taxes 4,116 34,445
Income tax expense (115) (213)
Net income from continuing operations 4,001 34,232
Net loss from discontinued operations (13,500) 0
Net (loss) income $ (9,499) $ 34,232
Weighted average number of common shares outstanding, basic (in shares) 728,558,989 774,311,254
Weighted average number of common shares outstanding, diluted (in shares) 728,827,861 774,394,732
Net income per common share, from continuing operations, basic and diluted (in dollars per share) $ 0.01 $ 0.04
Net loss per common share, from discontinued operations, basic and diluted (in dollars per share) (0.02) 0
Net income per common share, basic and diluted (in dollars per share) (0.01) 0.04
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 (loss) income:    
Net (loss) income $ (9,499) $ 34,232
Unrealized (loss) gain on derivatives (112) 760
Reclassification to interest expense, net (432) (93)
Comprehensive (loss) income (10,043) 34,899
Other property income    
Income    
Income 451 419
Other fee income    
Income    
Income $ 905 $ 1,076