XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue:    
Rental $ 59,013us-gaap_RealEstateRevenueNet $ 61,597us-gaap_RealEstateRevenueNet
Related party revenue:    
Management fees and interest income from loans 1,473fsp_ManagementFeesAndInterestIncomeOperatingRevenue 1,643fsp_ManagementFeesAndInterestIncomeOperatingRevenue
Other 21us-gaap_OtherRealEstateRevenue 23us-gaap_OtherRealEstateRevenue
Total revenues 60,507us-gaap_Revenues 63,263us-gaap_Revenues
Expenses:    
Real estate operating expenses 15,356us-gaap_CostOfRealEstateRevenue 15,071us-gaap_CostOfRealEstateRevenue
Real estate taxes and insurance 10,048us-gaap_RealEstateTaxesAndInsurance 9,251us-gaap_RealEstateTaxesAndInsurance
Depreciation and amortization 22,672us-gaap_DepreciationAndAmortization 24,300us-gaap_DepreciationAndAmortization
Selling, general and administrative 3,691us-gaap_SellingGeneralAndAdministrativeExpense 3,272us-gaap_SellingGeneralAndAdministrativeExpense
Interest 6,187us-gaap_InterestExpense 7,176us-gaap_InterestExpense
Total expenses 57,954us-gaap_CostsAndExpenses 59,070us-gaap_CostsAndExpenses
Income before interest income, equity in losses of non-consolidated REITs and taxes 2,553us-gaap_OperatingIncomeLoss 4,193us-gaap_OperatingIncomeLoss
Interest income 1us-gaap_InvestmentIncomeInterest 1us-gaap_InvestmentIncomeInterest
Equity in losses of non-consolidated REITs (322)us-gaap_IncomeLossFromEquityMethodInvestments (484)us-gaap_IncomeLossFromEquityMethodInvestments
Gain on sale of properties, less applicable income tax 10,462us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes  
Income before taxes on income 12,694us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,710us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Taxes on income 161us-gaap_IncomeTaxExpenseBenefit 137us-gaap_IncomeTaxExpenseBenefit
Net income $ 12,533us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 3,573us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Weighted average number of shares outstanding, basic and diluted (in shares) 100,187us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 100,187us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Earnings per share, basic and diluted:    
Net income per share, basic and diluted (in dollars per share) $ 0.13us-gaap_EarningsPerShareBasicAndDiluted $ 0.04us-gaap_EarningsPerShareBasicAndDiluted