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v3.6.0.2

Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Revenues: |  |  |
Rental | $ 244,349 | $ 237,856 | $ 243,341
Related party revenue: |  |  |
Management fees and interest income from loans | 5,465 | 5,930 | 6,241
Other | 74 | 81 | 101
Total revenues | 249,888 | 243,867 | 249,683
Expenses: |  |  |
Real estate operating expenses | 65,335 | 61,890 | 62,032
Real estate taxes and insurance | 40,140 | 38,660 | 36,857
Depreciation and amortization | 93,052 | 91,359 | 95,915
Selling, general and administrative | 14,126 | 13,291 | 12,983
Interest | 26,548 | 25,432 | 27,433
Total expenses | 239,201 | 230,632 | 235,220
Income before interest income, equity in losses of non-consolidated REITs, other and gain (loss) on sale of properties, less applicable income tax and taxes | 10,687 | 13,235 | 14,463
Interest income |  | 1 | 3
Equity in losses of non-consolidated REITs | (831) | (1,451) | (1,760)
Other | 1,878 |  |
Gain (loss) on sale of properties, less applicable income tax | (2,938) | 23,662 | 940
Income before taxes on income | 8,796 | 35,447 | 13,646
Taxes on income | 418 | 433 | 498
Net income | $ 8,378 | $ 35,014 | $ 13,148
Weighted average number of shares outstanding, basic and diluted (in shares) | 102,843,000 | 100,187,000 | 100,187,000
Net income per share, basic and diluted (in dollars per share) | $ 0.08 | $ 0.35 | $ 0.13

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