XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Revenue $ 58,000 $ 136,000
Total revenues 64,716,000 66,893,000
Expenses:    
Real estate operating expenses 17,726,000 17,151,000
Real estate taxes and insurance 12,102,000 11,177,000
Depreciation and amortization 23,245,000 24,035,000
General and administrative 3,509,000 3,432,000
Interest 9,368,000 9,486,000
Total expenses 65,950,000 65,281,000
Income (loss) before taxes on income and equity in income (loss) of non-consolidated REITs (1,234,000) 1,612,000
Tax expense (benefit) on income (loss) (29,000) 82,000
Equity in loss of non-consolidated REITs   (105,000)
Net income (loss) $ (1,205,000) $ 1,425,000
Weighted average number of shares outstanding, basic and diluted (in shares) 107,231 107,231
Net income (loss) per share, basic and diluted $ (0.01) $ 0.01
Rental    
Revenues:    
Rental $ 63,359,000 $ 65,628,000
Related party revenue: Management fees and interest income from loans    
Revenues:    
Revenue 1,352,000 1,256,000
Related party revenue: Other    
Revenues:    
Revenue $ 5,000 $ 9,000