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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenue     $ 152,000 $ 375,000
Total revenues $ 68,539,000 $ 68,705,000 200,068,000 202,292,000
Expenses:        
Real estate operating expenses 18,041,000 17,946,000 52,883,000 52,051,000
Real estate taxes and insurance 12,505,000 11,651,000 37,408,000 35,120,000
Depreciation and amortization 22,559,000 23,277,000 67,913,000 70,903,000
General and administrative 3,886,000 3,394,000 11,097,000 9,908,000
Interest 9,036,000 9,935,000 27,775,000 29,174,000
Total expenses 66,027,000 66,203,000 197,076,000 197,156,000
Income before taxes on income and equity in income of non-consolidated REITs 2,512,000 2,502,000 2,992,000 5,136,000
Tax expense on income 113,000 74,000 165,000 231,000
Equity in income of non-consolidated REITs   7,180,000   6,793,000
Net income $ 2,399,000 $ 9,608,000 $ 2,827,000 $ 11,698,000
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 $ 0.09 $ 0.03 $ 0.11
Rental        
Revenues:        
Rental $ 68,108,000 $ 67,436,000 $ 196,952,000 $ 198,473,000
Related party revenue: Management fees and interest income from loans        
Revenues:        
Revenue 426,000 1,261,000 3,100,000 3,793,000
Related party revenue: Other        
Revenues:        
Revenue $ 5,000 $ 8,000 $ 16,000 $ 26,000