|
Revenues
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
$35.2m
|
$55.7m
|
$82.8m
|
$107.8m
|
$144.3m
|
$144.8m
|
|
Rental revenue (including reimbursable)
|
|
$33.7m
|
$59.1m
|
$93.9m
|
$124.0m
|
$150.8m
|
$182.1m
|
|
Interest income on loans receivable
|
|
$0
|
$0
|
$2.3m
|
$7.4m
|
$11.6m
|
$12.6m
|
|
Other revenue
|
|
—
|
$0
|
$0
|
$550k
|
$400k
|
$245k
|
|
Property
|
|
$2.6m
|
$5.8m
|
$11.7m
|
$16.4m
|
$17.4m
|
$19.2m
|
|
General and administrative
|
|
$11.3m
|
$14.8m
|
$19.1m
|
$20.2m
|
$19.7m
|
$21.7m
|
|
Depreciation and amortization
|
|
$15.5m
|
$30.8m
|
$50.1m
|
$63.7m
|
$76.9m
|
$86.4m
|
|
Provisions for impairment
|
|
$2.7m
|
$3.5m
|
$1.1m
|
$7.1m
|
$30.0m
|
$17.3m
|
|
Gain on sales of real estate, net
|
|
$6.2m
|
$3.0m
|
$4.1m
|
$1.2m
|
$1.9m
|
$7.7m
|
|
Loss on debt extinguishment
|
|
—
|
$0
|
$0
|
($128k)
|
$0
|
($46k)
|
|
Change in value on derivatives, net
|
|
$253k
|
$4.1m
|
$19.8m
|
($14.8m)
|
$1.3m
|
($14.9m)
|
|
Comprehensive loss attributable to noncontrolling interests
|
|
($500k)
|
$273k
|
$296k
|
($39k)
|
($57k)
|
($43k)
|
|
Comprehensive loss attributable to common stockholders
|
|
$965k
|
$6.9m
|
$27.7m
|
($7.9m)
|
($10.7m)
|
($7.9m)
|
|
Total comprehensive loss
|
|
$465k
|
$7.2m
|
$28.0m
|
($7.9m)
|
($10.7m)
|
($7.9m)
|
|
Net income (loss) before income taxes
|
|
$212k
|
$3.2m
|
$8.6m
|
$6.8m
|
($12.0m)
|
$7.0m
|
|
Net income (loss)
|
|
$212k
|
$3.1m
|
$8.2m
|
$6.9m
|
($12.0m)
|
$6.9m
|
|
Net income (loss) attributable to common stockholders
|
|
$688k
|
$3.0m
|
$8.1m
|
$6.8m
|
($11.9m)
|
$6.9m
|
|
Net income (loss) attributable to noncontrolling interests
|
|
($518k)
|
$104k
|
$88k
|
$53k
|
($63k)
|
$37k
|
|
Basic (in dollars per share)
|
|
$0.01
|
$0.09
|
$0.17
|
$0.11
|
($0.16)
|
$0.08
|
|
Diluted (in dollars per share)
|
|
$0.01
|
$0.08
|
$0.17
|
$0.11
|
($0.16)
|
$0.08
|
|
Transaction costs
|
|
$3.2m
|
$700k
|
$839k
|
$456k
|
$359k
|
$218k
|
|
Interest expense, net
|
|
($4.7m)
|
($3.7m)
|
($9.2m)
|
($19.1m)
|
($30.3m)
|
($51.3m)
|
|
Other income (expense), net
|
|
($10k)
|
$431k
|
$131k
|
$752k
|
($1.9m)
|
$444k
|
|
Income tax (expense) benefit
|
|
$0
|
($59k)
|
($396k)
|
$49k
|
($49k)
|
($54k)
|
|
Total other expense, net
|
|
$1.7m
|
($272k)
|
($4.9m)
|
($17.3m)
|
($30.4m)
|
($43.2m)
|