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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