| Dec'19 | Apr'17 | Apr'16 | Apr'15 | Apr'14 | Apr'13 | Apr'12 | Apr'11 | Apr'10 | Apr'09 |
|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||
Real estate rentals | |||||||||
- | - | - | 159,969 | 145,028 | 204,719 | 188,299 | 189,245 | 184,425 | 183,153 |
Tenant reimbursement | |||||||||
- | - | - | 19,352 | 19,562 | 43,339 | 40,372 | 44,931 | 44,913 | 45,167 |
TRS senior housing revenue | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Revenues | |||||||||
185,755 | 160,104 | 145,500 | 179,321 | 164,590 | 248,058 | 228,671 | 234,176 | 229,338 | 228,320 |
EXPENSES | |||||||||
Property operating expenses, excluding real estate taxes | |||||||||
57,249 | 47,587 | 43,741 | 53,535 | 50,552 | - | - | - | - | - |
Utilities | |||||||||
- | - | - | - | - | 18,792 | 17,106 | 18,020 | 16,895 | 18,112 |
Maintenance | |||||||||
- | - | - | - | - | 28,340 | 25,530 | 28,955 | 26,737 | 26,431 |
Real estate taxes | |||||||||
21,066 | 16,739 | 14,407 | 19,602 | 18,704 | 32,182 | 29,349 | 30,637 | 29,986 | 29,077 |
Real Estate Insurance | |||||||||
1,116 | 414 | 238 | - | - | 3,734 | 3,343 | 2,256 | 3,562 | 2,864 |
Depreciation and amortization | |||||||||
74,271 | 44,253 | 39,273 | 42,784 | 39,712 | 59,306 | 53,690 | 55,080 | 54,474 | 52,335 |
Amortization related to non-real estate investments | |||||||||
- | - | - | - | - | 3,027 | 2,960 | 2,679 | 2,362 | 2,060 |
Impairment of real estate investments | |||||||||
0 | 57,028 | 5,543 | 4,663 | 7,700 | 0 | 0 | 0 | - | 0 |
Property management expenses | |||||||||
- | - | - | - | - | 15,003 | 18,164 | 20,348 | 18,104 | 16,716 |
Other property expenses | |||||||||
- | - | - | - | - | 1,008 | -142 | 665 | - | - |
TRS senior housing expenses | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
General and Administrative Expense | |||||||||
14,450 | 15,871 | 13,498 | 11,824 | 10,743 | 8,494 | 6,694 | 6,617 | 5,716 | 4,430 |
Acquisition and investment related costs | |||||||||
0 | 3,276 | 830 | 362 | 279 | - | - | - | - | - |
Advisory and trustee services | |||||||||
- | - | - | - | - | - | 687 | 605 | 502 | 452 |
Other expenses | |||||||||
- | - | - | 1,647 | 1,850 | 2,173 | 1,898 | 1,747 | 2,513 | 1,440 |
TOTAL EXPENSES | |||||||||
174,338 | 190,214 | 121,244 | 134,417 | 129,540 | 172,059 | 159,279 | 167,609 | 160,851 | 153,917 |
Gain on involuntary conversion | |||||||||
- | - | - | - | 2,480 | 5,084 | 274 | 0 | 1,660 | 0 |
Operating income (loss) | |||||||||
11,417 | -30,110 | 24,256 | 44,904 | 37,530 | 81,083 | 69,666 | 66,567 | - | - |
Interest Expense | |||||||||
30,537 | 34,314 | 28,417 | 34,447 | 33,729 | 61,154 | 61,801 | 62,735 | 65,045 | 64,928 |
Gain (Loss) on Extinguishment of Debt | |||||||||
-2,360 | -1,651 | -106 | - | - | - | - | - | - | - |
Interest and other income | |||||||||
2,092 | 1,146 | - | - | - | - | - | - | - | - |
Interest income | |||||||||
- | - | 78 | 62 | 1,906 | 222 | 148 | 259 | 539 | 599 |
Other income | |||||||||
- | - | 307 | 718 | 242 | 526 | 631 | 282 | 355 | 314 |
Income (loss) before gain (loss) on sale of real estate and other investments, gain (loss) on litigation settlement, and income (loss) from discontinued operations | |||||||||
-19,388 | -64,929 | -3,882 | 11,237 | 5,949 | 20,677 | 8,644 | - | - | - |
Gain (loss) on sale of real estate and other investments | |||||||||
97,624 | 18,701 | 9,640 | 6,093 | -51 | 0 | 0 | - | - | - |
Gain (loss) on litigation settlement | |||||||||
6,586 | 0 | - | - | - | - | - | - | - | - |
Gain on bargain purchase | |||||||||
- | - | 3,424 | - | - | - | - | - | - | - |
Income (loss) from continuing operations | |||||||||
84,822 | -46,228 | 9,182 | 17,330 | 5,898 | 20,677 | 8,644 | 4,373 | 5,996 | 10,388 |
Income (loss) from discontinued operations | |||||||||
0 | 76,753 | 67,420 | 11,354 | -22,838 | 9,295 | 1,062 | 19,978 | -1,411 | 325 |
NET INCOME (LOSS) | |||||||||
84,822 | 30,525 | 76,602 | 28,684 | -16,940 | 29,972 | 9,706 | 24,351 | 4,585 | 10,713 |
Redemption of preferred shares | |||||||||
0 | 1,435 | 0 | - | - | - | - | - | - | - |
Dividends to preferred unitholders | |||||||||
537 | 0 | - | - | - | - | - | - | - | - |
Net (income) loss attributable to noncontrolling interests – Operating Partnership | |||||||||
6,752 | 4,059 | 7,032 | 1,526 | -4,676 | 3,633 | -1,359 | -4,449 | -562 | 2,227 |
Net (income) loss attributable to noncontrolling interests – consolidated real estate entities | |||||||||
-1,136 | -16,881 | -2,436 | 3,071 | 910 | 809 | -135 | 180 | -22 | -40 |
Net income (loss) attributable to controlling interests | |||||||||
78,669 | 43,347 | 72,006 | 24,087 | -13,174 | 25,530 | 8,212 | 20,082 | 4,001 | 8,526 |
Dividends to preferred shareholders | |||||||||
6,821 | 10,546 | 11,514 | 11,514 | 11,514 | 9,229 | 2,372 | 2,372 | 2,372 | 2,372 |
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS | |||||||||
71,848 | 31,366 | 60,492 | 12,573 | -24,688 | 16,301 | 5,840 | 17,710 | 1,629 | 6,154 |
BASIC | |||||||||
Earnings (loss) per common share from continuing operations – basic and diluted (in dollars per share) | |||||||||
- | - | 0.00 | 0.02 | -0.05 | 0.09 | - | - | - | - |
Earnings (loss) per common share from discontinued operations – basic and diluted (in dollars per share) | |||||||||
- | - | 4.91 | 0.09 | -0.18 | 0.08 | - | - | - | - |
Earnings (loss) per common share from continuing operations – basic (in dollars per share) | |||||||||
6.06 | -3.01 | - | - | - | - | 0.06 | 0.02 | 0.04 | 0.10 |
Earnings (loss) per common share from discontinued operations – basic (in dollars per share) | |||||||||
0.00 | 5.59 | - | - | - | - | 0.01 | 0.20 | -0.01 | 0.01 |
NET EARNINGS (LOSS) PER COMMON SHARE - BASIC (in dollars per share) | |||||||||
6.06 | 2.58 | - | - | - | - | - | - | - | - |
DILUTED | |||||||||
Earnings (loss) per common share from continuing operations - diluted (in dollars per share) | |||||||||
6.00 | -3.01 | - | - | - | - | - | - | - | - |
Earnings (loss) per commong shares from discontinued operations - diluted (in dollars per share) | |||||||||
0.00 | 5.59 | - | - | - | - | - | - | - | - |
NET EARNINGS (LOSS) PER COMMON SHARE - DILUTED (in dollars per share) | |||||||||
6.00 | 2.58 | - | - | - | - | - | - | - | - |
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED (in dollars per share) | |||||||||
- | - | 4.91 | 0.11 | -0.23 | 0.17 | 0.07 | 0.22 | 0.03 | 0.11 |
DIVIDENDS PER COMMON SHARE (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | 0.68 | 0.67 |
Management Service | |||||||||
Property management expenses | |||||||||
6,186 | 5,046 | 3,714 | - | - | - | - | - | - | - |