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 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Real estate rental revenue $ 83,456 $ 79,405 $ 160,957 $ 156,542
Expenses        
Real estate expenses 28,691 28,175 56,554 56,909
Depreciation and amortization 29,261 25,161 55,330 51,199
Acquisition costs 0 1,024 0 1,178
General and administrative 5,759 4,968 11,385 10,479
Casualty gain 0 (676) 0 (676)
Operating Expenses 63,711 58,652 123,269 119,089
Other operating income        
Gain on sale of real estate 0 24,112 0 24,112
Real estate operating income 19,745 44,865 37,688 61,565
Other (expense) income        
Interest expense (12,053) (13,820) (23,458) (28,180)
Other income 48 83 125 122
Income tax benefit (107) (693) (107) (693)
Total other income (expense) (11,898) (13,044) (23,226) (27,365)
Net income 7,847 31,821 14,462 34,200
Less: Net loss attributable to noncontrolling interests in subsidiaries 17 15 36 20
Net income attributable to the controlling interests $ 7,864 $ 31,836 $ 14,498 $ 34,220
Basic net income per share:        
Net income per share (in dollars per share) $ 0.10 $ 0.44 $ 0.19 $ 0.49
Diluted net income per share:        
Net income per share (in dollars per share) $ 0.10 $ 0.44 $ 0.19 $ 0.49
Weighted average shares outstanding - basic (in shares) 76,705 71,719 75,785 70,010
Weighted average shares outstanding - diluted (in shares) 76,830 71,912 75,903 70,200
Dividends declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.6 $ 0.60