| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
REVENUES: | ||||||
Rental income | ||||||
392,285 | 387,015 | 364,139 | 189,743 | 159,011 | 105,559 | |
Tenant reimbursements and other income | ||||||
75,818 | 74,992 | 64,226 | 32,937 | 29,312 | 17,231 | |
Total revenues | ||||||
468,103 | 462,007 | 428,365 | 222,680 | 188,323 | 122,790 | |
EXPENSES: | ||||||
Real estate taxes | ||||||
44,131 | 42,879 | 37,460 | 22,202 | 20,271 | 15,370 | |
Other operating expenses | ||||||
55,567 | 52,957 | 41,953 | 18,597 | 16,111 | 8,426 | |
Depreciation and amortization | ||||||
137,672 | 133,762 | 122,906 | 41,054 | 31,091 | 14,860 | |
Acquisition and transaction related costs | ||||||
1,075 | 306 | 21,987 | 7,348 | 2,002 | 2,470 | |
General and administrative | ||||||
54,818 | 28,602 | 25,859 | 14,881 | 12,423 | 8,203 | |
Write-off of straight line rents receivable, net | ||||||
12,517 | 0 | 0 | - | - | - | |
Loss on asset impairment | ||||||
4,047 | 0 | 0 | 0 | - | - | |
Loss on impairment of real estate assets | ||||||
229 | 5,484 | 0 | - | - | - | |
Total expenses | ||||||
310,056 | 263,990 | 250,165 | 104,082 | 81,898 | 49,329 | |
Operating income | ||||||
158,047 | 198,017 | 178,200 | 118,598 | 106,425 | 73,461 | |
Dividend income | ||||||
1,587 | 1,268 | 1,666 | 0 | - | - | |
Interest expense (including net amortization of debt issuance costs, premiums and discounts of $1,746, $1,716, $5,245 and $4,688, respectively) | ||||||
92,870 | 82,620 | 73,885 | 12,974 | 13,763 | 7,565 | |
Loss on early extinguishment of debt | ||||||
0 | 0 | -6,845 | 243 | - | - | |
Loss on distribution to common shareholders of The RMR Group Inc. common stock | ||||||
0 | 0 | 23,717 | 0 | - | - | |
Income before income tax expense, equity in earnings of an investee and gain on sale of real estate | ||||||
66,764 | 116,665 | 75,419 | 105,867 | 92,662 | 65,896 | |
Income tax expense | ||||||
466 | 448 | 515 | 175 | -96 | 290 | |
Equity in earnings of an investee | ||||||
608 | 137 | 20 | 87 | 334 | 269 | |
Income before gain on sale of property | ||||||
- | - | - | 105,779 | 93,092 | - | |
Gain on sale of property | ||||||
- | - | - | 116 | - | - | |
Net income | ||||||
66,906 | 116,354 | 74,924 | 105,895 | 93,092 | - | |
Net income allocated to noncontrolling interest | ||||||
0 | 33 | 176 | 0 | - | - | |
Net income attributed to SIR | ||||||
66,906 | 116,321 | 74,748 | 105,895 | 93,092 | 65,875 | |
Other comprehensive income: | ||||||
Unrealized gain on investment in available for sale securities | ||||||
31,419 | 39,814 | -19,820 | 0 | - | - | |
Unrealized gain on interest rate swap | ||||||
313 | 93 | 276 | 0 | - | - | |
Equity in unrealized gain of an investee | ||||||
461 | 152 | -20 | 2 | -50 | 25 | |
Other comprehensive income | ||||||
32,193 | 40,059 | -19,564 | 2 | -50 | 25 | |
Comprehensive income | ||||||
99,099 | 156,413 | 55,360 | 105,897 | 93,042 | - | |
Comprehensive income allocated to noncontrolling interest | ||||||
0 | 33 | 176 | 0 | - | - | |
Comprehensive income attributed to SIR | ||||||
99,099 | 156,380 | 55,184 | 105,897 | 93,042 | 65,900 | |
Weighted average common shares outstanding - basic (in shares) | ||||||
89,351 | 89,304 | 86,699 | 55,964 | 44,539 | 27,122 | |
Weighted average common shares outstanding - diluted (in shares) | ||||||
89,370 | 89,324 | 86,708 | 56,035 | 44,592 | - | |
Net income attributed to SIR per common share - basic and diluted (in USD per share) | ||||||
0.75 | 1.30 | 0.86 | 1.89 | 2.09 | - | |
Basic net income attributed to SIR per common share (in dollars per share) | ||||||
- | - | - | - | - | 2.43 | |