XML 19 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue      
Real estate rental revenue $ 306,427 $ 288,637 $ 263,024
Expenses      
Utilities 18,004 18,056 16,311
Real estate taxes 37,152 33,436 29,052
Repairs and maintenance 14,095 13,375 12,261
Property administration and management 23,099 20,460 18,410
Operating services and common area maintenance 15,974 15,068 13,469
Other real estate expenses 3,910 3,300 3,790
Depreciation and amortization 108,935 96,011 85,740
Acquisition costs 2,056 5,710 1,265
Real estate impairment 5,909 0 0
General and administrative 20,257 19,761 17,535
Total expenses 249,391 225,177 197,833
Gain on sale of real estate 91,107 570 0
Real estate operating income 148,143 64,030 65,191
Other income (expense)      
Interest expense (59,546) (59,785) (63,573)
Other income 709 825 926
Loss on extinguishment of debt (119) 0 (2,737)
Total other income (expense) (58,956) (58,960) (65,384)
Income (loss) from continuing operations 89,187 5,070 (193)
Discontinued operations:      
Income from operations of properties sold or held for sale 0 546 15,395
Gain on sale of real estate 0 105,985 22,144
Net income 89,187 111,601 37,346
Less: Net loss attributable to noncontrolling interests in subsidiaries (553) (38) 0
Net income attributable to the controlling interests $ 89,740 $ 111,639 $ 37,346
Basic net income attributable to the controlling interests per share      
Continuing operations - basic (in dollars per share) $ 1.31 $ 0.08 $ 0.00
Discontinued operations, including gain on sale of real estate (in dollars per share) 0.00 1.59 0.55
Net income attributable to the controlling interests per share, basic 1.31 1.67 0.55
Diluted net income attributable to the controlling interests per share      
Continuing operations - diluted (in dollars per share) 1.31 0.08 0.00
Discontinued operations, including gain on sale of real estate (in dollars per share) 0.00 1.59 0.55
Net income attributable to the controlling interests per share, diluted $ 1.31 $ 1.67 $ 0.55
Weighted average shares outstanding – basic 68,177 66,795 66,580
Weighted average shares outstanding – diluted 68,310 66,837 66,580