XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Rental income $ 103,356 $ 85,991 $ 179,841 $ 166,390
Expenses:        
Property operating expense 12,858 11,682 24,374 23,005
Property tax expense 9,782 11,140 17,672 22,159
Asset management fees to affiliates 0 5,947 0 11,655
Property management fees to affiliates 0 2,234 0 4,546
Property management fees to non-affiliates 882 0 1,798 0
General and administrative expenses 5,656 1,489 10,189 2,931
Corporate operating expenses to affiliates 450 848 724 1,682
Depreciation and amortization 36,094 31,843 70,871 59,162
Total expenses 65,722 65,183 125,628 125,140
Income before other income and (expenses) 37,634 20,808 54,213 41,250
Other income (expenses):        
Interest expense (20,275) (13,753) (34,082) (27,090)
Management fee revenue from affiliates 1,627 0 6,368 0
Other (loss) income, net (311) 105 1,480 160
Loss from investment in unconsolidated entities (460) (519) (1,108) (1,038)
Gain from disposition of assets 0 1,158 0 1,158
Net income 18,215 7,799 26,871 14,440
Distributions to redeemable preferred shareholders (2,047) 0 (4,094) 0
Net income attributable to noncontrolling interests (1,880) (280) (3,077) (514)
Net income attributable to controlling interest 14,288 7,519 19,700 13,926
Distributions to redeemable noncontrolling interests attributable to common stockholders (80) (88) (159) (176)
Net income attributable to common stockholders $ 14,208 $ 7,431 $ 19,541 $ 13,750
Net income attributable to common stockholders per share, basic and diluted (in usd per share) $ 0.06 $ 0.04 $ 0.10 $ 0.08
Weighted average number of common shares outstanding, basic and diluted (in shares) 226,122,872 167,866,188 200,404,679 169,573,603
Distributions declared per common share (in usd per share) $ 0.16 $ 0.17 $ 0.33 $ 0.34