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v3.19.2

Consolidated Statements of Income - USD ($) shares in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Revenues: |  |  |  |
Revenue |  |  | $ 118,000 | $ 271,000
Total revenues | $ 66,813,000 | $ 66,694,000 | 131,529,000 | 133,587,000
Expenses: |  |  |  |
Real estate operating expenses | 17,116,000 | 16,954,000 | 34,842,000 | 34,105,000
Real estate taxes and insurance | 12,801,000 | 12,292,000 | 24,903,000 | 23,469,000
Depreciation and amortization | 22,109,000 | 23,591,000 | 45,354,000 | 47,626,000
General and administrative | 3,702,000 | 3,082,000 | 7,211,000 | 6,514,000
Interest | 9,371,000 | 9,753,000 | 18,739,000 | 19,239,000
Total expenses | 65,099,000 | 65,672,000 | 131,049,000 | 130,953,000
Income (loss) before taxes on income and equity in income (loss) of non-consolidated REITs | 1,714,000 | 1,022,000 | 480,000 | 2,634,000
Tax expense (benefit) on income (loss) | 81,000 | 75,000 | 52,000 | 157,000
Equity in loss of non-consolidated REITs |  | (282,000) |  | (387,000)
Net income (loss) | $ 1,633,000 | $ 665,000 | $ 428,000 | $ 2,090,000
Weighted average number of shares outstanding, basic and diluted (in shares) | 107,231 | 107,231 | 107,231 | 107,231
Net income (loss) per share, basic and diluted | $ 0.02 | $ 0.01 | $ 0.00 | $ 0.02
Rental |  |  |  |
Revenues: |  |  |  |
Rental | $ 65,485,000 | $ 65,409,000 | $ 128,844,000 | $ 131,037,000
Related party revenue: Management fees and interest income from loans |  |  |  |
Revenues: |  |  |  |
Revenue | 1,322,000 | 1,276,000 | 2,674,000 | 2,532,000
Related party revenue: Other |  |  |  |
Revenues: |  |  |  |
Revenue | $ 6,000 | $ 9,000 | $ 11,000 | $ 18,000

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