Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.7.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue    
Real estate rental revenue $ 77,501 $ 77,137
Expenses    
Real estate expenses 27,863 28,734
Depreciation and amortization 26,069 26,038
Acquisition costs 0 154
General and administrative 5,626 5,511
Operating Expenses 59,558 60,437
Real estate operating income 17,943 16,700
Other (expense) income    
Interest expense (11,405) (14,360)
Other income 77 39
Total other income (expense) (11,328) (14,321)
Net income 6,615 2,379
Less: Net loss attributable to noncontrolling interests in subsidiaries 19 5
Net income attributable to the controlling interests $ 6,634 $ 2,384
Basic net income per share:    
Net income per share (in dollars per share) $ 0.09 $ 0.03
Diluted net income per share:    
Net income per share (in dollars per share) $ 0.09 $ 0.03
Weighted average shares outstanding - basic (in shares) 74,854 68,301
Weighted average shares outstanding - diluted (in shares) 74,966 68,488
Dividends declared per share (in dollars per share) $ 0.30 $ 0.30