Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.5.0.2
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES        
Base rents $ 124,223 $ 121,246 $ 250,610 $ 245,039
Escalations and recoveries from tenants 14,110 15,842 29,071 34,241
Real estate services 6,469 7,401 13,281 15,045
Parking income 3,532 2,850 6,688 5,392
Other income 893 1,228 2,500 2,565
Total revenues 149,227 148,567 302,150 302,282
EXPENSES        
Real estate taxes 22,418 21,410 45,644 43,862
Utilities 10,953 13,399 24,531 30,974
Operating services 24,024 25,844 50,756 54,072
Real estate services expenses 6,211 6,208 13,057 12,847
General and administrative 12,755 11,877 25,004 22,888
Acquisition-related costs 2,039 111 2,039 111
Depreciation and amortization 43,459 42,365 86,522 83,167
Total expenses 121,859 121,214 247,553 247,921
Operating income 27,368 27,353 54,597 54,361
OTHER (EXPENSE) INCOME        
Interest expense (22,932) (26,773) (47,925) (53,988)
Interest and other investment income (loss) 146 291 (523) 558
Equity in earnings (loss) of unconsolidated joint ventures (614) (2,329) (2,168) (5,858)
Gain on change of control of interests 5,191   15,347  
Realized gains (losses) and unrealized losses on disposition of rental property, net 27,117 34,399 85,717 34,543
Gain on sale of investment in unconsolidated joint ventures 5,670 6,448 5,670 6,448
Gain from extinguishment of debt 12,420   12,420  
Total other income (expense) 26,998 12,036 68,538 (18,297)
Net income 54,366 39,389 123,135 36,064
Noncontrolling interest in consolidated joint ventures (311) 373 395 863
Noncontrolling interest in Operating Partnership (5,662) (4,383) (12,946) (4,069)
Net income available to common shareholders $ 48,393 $ 35,379 $ 110,584 $ 32,858
Basic earnings per common share:        
Net income available to common shareholders $ 0.54 $ 0.40 $ 1.23 $ 0.37
Diluted earnings per common share:        
Net income available to common shareholders $ 0.54 $ 0.40 $ 1.23 $ 0.37
Basic weighted average shares outstanding 89,740 89,244 89,731 89,218
Diluted weighted average shares outstanding 100,401 100,314 100,359 100,313