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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Total revenues $ 66,893,000 $ 68,756,000
Expenses:    
Real estate operating expenses 17,151,000 17,308,000
Real estate taxes and insurance 11,177,000 12,403,000
Depreciation and amortization 24,035,000 25,332,000
General and administrative 3,432,000 3,443,000
Interest 9,486,000 7,579,000
Total expenses 65,281,000 66,065,000
Income before equity in losses of non-consolidated REITs, other and gain on sale of properties and properties held for sale, less applicable income tax and taxes 1,612,000 2,691,000
Equity in losses of non-consolidated REITs (105,000) (397,000)
Other   22,000
Gain on sale of properties and properties held for sale, less applicable income tax   2,289,000
Income before taxes on income 1,507,000 4,605,000
Taxes on income 82,000 125,000
Net income $ 1,425,000 $ 4,480,000
Weighted average number of shares outstanding, basic and diluted (in shares) 107,231 107,231
Net income per share, basic and diluted $ 0.01 $ 0.04
Rental    
Revenues:    
Total revenues $ 65,628,000 $ 67,376,000
Related party revenue, Management fees and interest income from loans    
Revenues:    
Total revenues 1,256,000 1,370,000
Other    
Revenues:    
Total revenues $ 9,000 $ 10,000