Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.10.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Real estate rental revenue $ 82,502 $ 82,819 $ 253,989 $ 243,776
Expenses        
Real estate expenses 28,571 29,646 87,975 86,200
Depreciation and amortization 30,272 27,941 90,119 83,271
General and administrative 5,267 5,327 16,737 16,712
Real estate impairment 0 5,000 1,886 5,000
Operating expenses 64,110 67,914 196,717 191,183
Other operating income        
Gain on sale of real estate 0 0 2,495 0
Real estate operating income 18,392 14,905 59,767 52,593
Other (expense) income        
Interest expense (12,499) (12,176) (38,647) (35,634)
Loss on extinguishment of debt 0 0 (1,178) 0
Other income 0 84 0 209
Income tax benefit 0 0 0 107
Total other income (expense) (12,499) (12,092) (39,825) (35,318)
Net income 5,893 2,813 19,942 17,275
Less: Net loss attributable to noncontrolling interests in subsidiaries 0 20 0 56
Net income attributable to the controlling interests $ 5,893 $ 2,833 $ 19,942 $ 17,331
Basic net income per share:        
Basic net income attributable to the controlling interests per common share (in dollars per share) $ 0.07 $ 0.04 $ 0.25 $ 0.22
Diluted net income per share:        
Diluted net income attributable to the controlling interests per common share (in dollars per share) $ 0.07 $ 0.04 $ 0.25 $ 0.22
Weighted average shares outstanding - basic (in shares) 79,076 77,291 78,695 76,292
Weighted average shares outstanding - diluted (in shares) 79,238 77,423 78,802 76,415
Dividends declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90