SPIRIT REALTY CAPITAL, INC. SRC Income Statement

Spirit realty capital, inc. (SRC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Rental income
121,363	118,607	109,511	106,506	104,067	101,751	100,827	98,236	101,507	-	-	-	159,220	-64,087	161,765	160,506	161,819	-92,070	159,183	159,607	154,518	148,244	145,591	143,142	137,479	133,050	131,526	70,050	69,776	68,703	66,581	66,279	65,004	68,223	63,613	62,853	60,983	59,304	-
Interest income on loans receivable
419	491	843	920	986	1,037	1,121	294	995	835	865	754	892	-927	1,042	1,625	1,659	-1,569	1,764	1,730	1,722	1,776	1,805	1,821	1,837	-	1,796	1,128	1,113	-	1,483	1,576	-	-	-	-	-	-	-
Earned income from direct financing leases
177	268	267	308	396	419	465	465	465	465	483	518	612	660	660	698	724	725	725	779	795	822	837	838	846	864	708	0	0	-	0	-	472	-1,457	486	485	486	498	497
Related party fee income
250	247	54,795	7,249	6,927	6,869	6,750	2,219	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental and other property income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60,010
Tenant reimbursement income
-	-	-	-	-	-	-	-	-	-	-	-	3,965	-	3,469	3,200	3,824	2,028	3,780	3,492	4,631	3,537	3,308	2,921	3,319	3,321	2,316	0	0	-	0	-	4,524	-12,261	3,568	3,906	4,787	3,590	3,551
Other income
511	1,529	1,531	762	217	19,407	481	1,245	572	-47	580	308	733	-2,404	5,572	5,697	331	-5,054	2,973	2,326	621	436	754	3,067	491	112	501	1,236	79	-	161	102	-	-	-	-	-	-	-
Interest income on mortgage notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,565	-	1,604	1,611	1,621	1,664	1,671
Interest income on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	521	1,938	1,928	1,907
Total revenues
122,720	121,142	166,947	115,745	112,593	129,483	109,644	102,459	103,539	48,445	108,721	108,670	165,422	-77,251	172,508	171,726	168,357	-95,940	168,425	167,934	162,287	154,815	152,295	151,789	143,972	139,238	136,847	72,414	70,968	65,368	68,225	67,957	71,565	54,768	69,271	69,376	69,815	66,984	67,636
Expenses:
General and administrative
13,490	12,683	12,727	13,833	13,181	13,150	11,033	13,520	15,290	7,000	12,712	21,868	13,418	8,040	15,112	13,850	11,649	8,926	12,165	11,972	12,600	10,739	10,380	10,451	11,067	9,081	9,946	9,151	6,968	9,615	17,362	7,030	2,245	21,674	2,237	1,941	2,002	1,740	1,840
Termination of interest rate swaps
-	-	12,461	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	574	3,264	1,813	649	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-11	13,016	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,765	-	5,346	5,655	5,812	5,233	5,169
Property and asset management expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,661	-	4,238	4,106	4,356	3,970	4,065
Merger costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	45,071	5,020	6,537	-	0	-	0	-2,700	382	1,956	362	1,226	-
Property costs (including reimbursable)
5,936	4,669	4,407	4,407	5,154	5,537	5,172	4,806	5,551	6,476	5,180	7,780	9,051	5,191	6,916	6,611	7,327	1,062	6,496	6,414	7,407	6,168	5,357	6,576	5,282	5,426	5,067	327	940	-	947	1,055	-	-	-	-	-	-	-
Deal pursuit costs
1,019	270	330	173	71	-	26	70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquisition costs
-	-	-	-	-	-	-	-	47	-	177	414	153	812	1,056	979	57	230	576	453	1,093	1,259	865	226	1,281	1,030	470	129	89	-	33	709	-	-	-	-	-	-	-
Gain on sale of real estate assets, equity in income of unconsolidated joint venture and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128	-	36	368	168	85	-10
Gain on sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,728	7,859	-	0
Gain on sale of unconsolidated joint venture interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,111	-	-	-	-
Impairment of investment in unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Interest
25,400	24,549	24,700	25,200	26,611	26,163	24,784	23,548	23,053	8,772	29,948	28,051	46,623	-31,152	47,653	49,172	53,017	-29,571	54,673	56,167	57,914	56,144	53,535	55,992	54,399	52,890	50,386	39,552	36,439	45,196	41,975	42,024	27,025	88,727	27,197	26,898	26,521	25,783	25,626
Depreciation and amortization
52,236	48,867	43,907	41,342	41,349	41,437	40,379	39,942	40,694	21,933	43,318	43,441	64,994	-21,191	65,300	64,263	64,664	-28,982	64,493	64,671	66,296	63,380	62,069	61,968	60,549	59,172	48,243	29,700	26,939	-	26,237	26,258	-	-	-	-	-	-	-
Impairments
40,774	10,860	5,932	3,607	3,692	471	1,279	1,478	3,497	-5,154	22,301	10,074	34,376	19,999	15,407	13,371	12,618	-6,617	21,027	33,771	2,200	-5,679	13,214	28,152	1,911	-	0	-185	0	-	0	-180	-	-	-	-	-	-	-
Total expenses
138,814	101,947	104,439	88,538	90,058	86,825	82,673	83,364	88,132	39,717	113,636	111,628	168,615	-17,686	154,708	150,059	149,981	-47,996	159,530	173,448	147,510	132,028	145,409	176,381	134,489	128,332	159,183	83,694	77,912	-	86,554	76,896	-	-	-	-	-	-	-
Other income:
Acquisition related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	625
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,212	-	15,077	14,912	14,657	14,131	14,018
Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,982	-	6,989	7,077	7,397	6,599	8,043
Impairment of real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	4,500
Total operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,865	-	34,269	35,647	34,586	32,899	38,260
Income (loss) from continuing operations before other income and income tax expense
-	-	-	-	-	-	-	-	-	-	-4,915	-2,958	-3,193	-	17,800	21,667	18,376	-47,944	8,895	-5,514	14,777	22,787	6,886	-24,592	9,483	-	-22,336	-11,280	-	-	-18,329	-	36,700	-151,998	35,002	33,729	35,229	34,085	29,376
Gain on debt extinguishment
-	-2,857	-5,580	-14,676	8,783	0	0	5,509	21,583	-1,190	1,792	7	-30	1,279	-8,349	14,016	-5,341	-4,864	342	3,377	-1,230	-254	212	-64,708	0	-	0	0	-	-	-32,522	-	-	-	-	-	-	-	-
Income (loss) before (loss) gain on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-3,388	-	9,439	34,844	12,954	-	9,012	-1,804	13,412	22,193	7,384	-89,056	12,313	40,293	-21,908	-11,669	-8,332	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
388	-11,910	32,254	29,776	8,730	13,802	436	-860	1,251	9,508	10,089	6,884	16,217	-9,598	17,960	11,115	10,146	-66,352	5,991	51,149	9,151	9,135	841	-1,290	1,535	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Preferred dividend income from SMTA
-	0	3,302	3,750	3,750	3,750	3,750	1,250	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
388	-14,767	29,976	18,850	21,263	12,233	4,186	5,899	22,834	24,535	11,881	6,891	-30	30,902	-8,349	14,016	-5,341	-	342	3,377	-1,230	-	212	-64,708	0	-	0	0	-	-	-	-	-26,897	-	-22,050	-18,802	-18,494	-25,698	-25,636
(Loss) income before income tax expense
-15,706	4,428	92,484	46,057	43,798	54,891	31,157	24,994	38,241	33,263	6,966	3,933	-3,223	-28,663	9,451	35,683	13,035	-52,869	9,237	-2,137	13,547	22,533	7,098	-89,300	9,483	8,501	-22,336	-11,280	-6,944	-	-50,851	-8,939	-	-	-	-	-	-	-
Total other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,522	-	-	-	-	-	-	-	-
Income tax expense
141	-229	11,190	320	220	317	135	177	163	42	144	160	165	-64	12	839	81	-228	184	161	362	87	242	127	217	168	803	68	74	-	74	255	-	-	-	-	-	-	-
Income from continuing operations
-	-	81,294	45,737	-	54,574	31,022	24,817	38,078	-	6,822	3,773	-	-	-	-	-	-52,641	9,053	-2,298	13,185	22,446	6,856	-89,427	9,266	8,333	-23,139	-11,348	-7,018	-	-50,925	-9,194	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41	-96	227	-253	288	279	3,054	-2,900	-6	-130	-1,494	-	45	493	-	-	-	-	-	-	-
Gain on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	590	0	0	240	92	-7	34,860	1,237	-191	180	-	1,021	-81	-	-	-	-	-	-	-
(Loss) income from discontinued operations
-	-	0	0	-	-460	-966	-7,653	-7,360	-	-1,500	19,433	-	-	-	-	-	125,233	-41	494	227	-253	528	371	3,047	31,960	1,231	-321	-1,314	-	1,066	412	-	-	-	-	-	-	-
Net (loss) income
-15,847	4,657	81,294	45,737	43,578	54,114	30,056	17,164	30,718	35,791	5,322	23,206	12,829	988	27,399	45,959	23,100	6,301	15,003	49,345	22,563	31,328	8,225	-90,346	13,848	-	-21,908	-11,669	-8,332	-27,395	-49,859	-8,782	9,803	-108,477	12,952	14,927	16,735	8,387	3,740
Total comprehensive income
-	-	-	-	-	-	-	-	-	-	5,322	23,206	12,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to preferred shareholders
2,588	2,587	2,587	2,588	2,588	2,576	2,588	2,588	2,600	2,530	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8	-	-	-	-	-	-	-
Net (loss) income attributable to common stockholders/after preferred distributions
-18,435	2,070	78,707	43,149	40,990	51,526	27,468	14,576	28,130	33,261	5,322	23,206	12,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-49,859	-8,790	-	-	-	-	-	-	-
Net (loss) income per share attributable to common stockholders:
Net income per share attributable to common stockholders - basic:
Continuing operations (in USD per share)
-	-	0.87	0.49	-	0.61	0.33	0.26	0.39	-	0.01	0.01	-	-	-	-	-	-0.27	0.03	0.11	0.05	0.08	0.02	-0.24	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in USD per share)
-	-	-	-	-	-0.01	-0.01	-0.09	-0.08	-	0.00	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in USD per share)
-0.18	-0.03	0.87	0.49	0.48	0.60	0.32	0.17	0.31	0.70	0.01	0.05	0.03	0.82	0.06	0.10	0.05	0.02	0.03	0.11	0.05	0.08	0.02	-0.24	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per share attributable to common stockholders - diluted:
Continuing operations (in USD per share)
-	-	0.87	0.49	-	0.60	0.33	0.26	0.39	-	0.01	0.01	-	-	-	-	-	-0.27	0.03	0.11	0.05	0.08	0.02	-0.24	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.29	0.00	0.00	0.00	0.00	0.00	0.00	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in USD per share)
-	-	-	-	-	-0.01	-0.01	-0.09	-0.08	-	0.00	0.04	-	-	-	-	-	-	0.00	0.00	0.00	-	0.00	0.00	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in USD per share)
-0.18	-0.03	0.87	0.49	0.48	0.59	0.32	0.17	0.31	0.70	0.01	0.05	0.03	0.82	0.06	0.10	0.05	0.02	0.03	0.11	0.05	0.08	0.02	-0.24	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income per share of common stockbasic and diluted:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	-0.08	-0.04	-	-0.91	-0.36	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.01	-	0.02	0.02	-	-	-	-	-	-	-
Net (loss) income per share attributable to common stockholders - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	-0.08	-0.05	0.21	-0.89	-0.34	0.05	-1.51	0.06	0.07	0.08	0.04	0.02
Weighted average shares of common stock outstanding:
Basic (in shares)
102,230	99,947	90,040	87,001	85,497	85,346	85,336	85,627	88,975	-1,044,033	456,671	479,102	482,607	-1,018,707	479,554	473,161	441,365	441,049	440,205	436,619	411,017	399,971	396,807	381,775	368,684	-	329,527	-	-	-	-	-	210,176	-	209,827	209,586	209,271	207,962	206,653
Diluted (in shares)
102,230	99,684	90,396	87,890	85,504	85,502	85,578	85,804	89,020	-1,044,028	456,671	479,102	482,609	-1,019,734	480,598	473,164	441,368	439,991	440,353	436,923	411,622	398,462	397,613	381,775	369,387	-	329,527	-	159,421	-	-	-	210,177	-	209,827	209,586	209,271	207,962	206,656
Dividends declared per common share/per partnership unit issued (in USD per share)
0.62	-	0.62	0.62	0.62	-	0.62	0.90	0.90	-	0.18	0.18	0.18	-	0.17	0.17	0.17	-	0.17	0.17	0.17	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.00	-	0.16	-	0.16	0.16	0.15	0.16	0.16
Net (loss) income per partnership unit:
Weighted average partnership units outstanding:
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	159,430	159,421	-	55,909	25,863	-	-	-	-	-	-	-
Spirit Realty, L.P.
Rental income
121,363	118,607	109,511	106,506	104,067	-	100,827	98,236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
-	-	-	-	-	-	-	-	101,507	-	-	-	159,220	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income on loans receivable
419	491	843	920	986	-	1,121	294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income on loans receivable
-	-	-	-	-	-	-	-	995	-	865	754	892	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earned income from direct financing leases
177	268	267	308	396	-	465	465	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earned income from direct financing leases
-	-	-	-	-	-	-	-	465	-	483	518	612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party fee income
250	247	54,795	7,249	6,927	-	6,750	2,219	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party fee income
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
511	1,529	1,531	762	217	-	481	1,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	572	-	580	308	733	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursement income
-	-	-	-	-	-	-	-	-	-	-	-	3,965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
122,720	121,142	166,947	115,745	112,593	-	109,644	102,459	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
-	-	-	-	-	-	-	-	103,539	-	108,721	108,670	165,422	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
13,490	12,683	12,727	13,833	13,181	-	11,033	13,520	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
-	-	-	-	-	-	-	-	15,290	-	12,712	21,868	13,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination of interest rate swaps
-	-	12,461	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property costs (including reimbursable)
5,936	4,669	4,407	4,407	5,154	-	5,172	4,806	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property costs (including reimbursable)
-	-	-	-	-	-	-	-	5,551	-	5,180	7,780	9,051	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deal pursuit costs
1,019	270	330	173	71	-	26	70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
25,359	24,598	24,675	25,176	26,611	-	24,784	23,548	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquisition costs
-	-	-	-	-	-	-	-	47	-	177	414	153	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	23,053	-	29,948	28,051	46,623	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
52,236	48,867	43,907	41,342	41,349	-	40,379	39,942	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	40,694	-	43,318	43,441	64,994	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments
40,774	10,860	5,932	3,607	3,692	-	1,279	1,478	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
138,814	101,947	104,439	88,538	90,058	-	82,673	83,364	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments
-	-	-	-	-	-	-	-	3,497	-	22,301	10,074	34,376	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
-	-	-	-	-	-	-	-	88,132	-	113,636	111,628	168,615	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt extinguishment
-	-2,857	-5,580	-14,676	8,783	-	-	5,509	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before other income/(expense) and income tax expense
-	-	-	-	-	-	-	-	-	-	-4,915	-2,958	-3,193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	21,583	-	1,792	7	-30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
388	-11,910	32,254	29,776	8,730	-	436	-860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
-	-	-	-	-	-	-	-	1,251	-	10,089	6,884	16,217	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) before Gain (Loss) on Sale of Properties
-	-	-	-	-	-	-	-	-	-	-	-	-3,388	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividend income from SMTA
-	0	3,302	3,750	3,750	-	3,750	1,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividend income from SMTA
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
388	-14,767	29,976	18,850	21,263	-	4,186	5,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
-	-	-	-	-	-	-	-	22,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income before income tax expense
-15,706	4,428	92,484	46,057	43,798	-	31,157	24,994	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before income tax expense
-	-	-	-	-	-	-	-	38,241	-	6,966	3,933	-3,223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-	-	-	-	-	-	-	-	-	-	11,881	6,891	-30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
141	-229	11,190	320	220	-	135	177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	163	-	144	160	165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	81,294	45,737	-	-	31,022	24,817	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	38,078	-	6,822	3,773	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from discontinued operations
-	-	-	-	-	-	-966	-7,653	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-7,360	-	-1,500	19,433	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-15,847	4,657	81,294	45,737	43,578	-	30,056	17,164	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	30,718	-	5,322	23,206	12,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to preferred shareholders
2,588	2,587	2,587	2,588	2,588	-	2,588	2,588	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to preferred shareholders
-	-	-	-	-	-	-	-	2,588	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive income
-	-	-	-	-	-	-	-	-	-	5,322	23,206	12,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to common stockholders/after preferred distributions
-18,435	2,070	78,707	43,149	40,990	-	27,468	14,576	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders/after preferred distributions
-	-	-	-	-	-	-	-	28,130	-	5,322	23,206	12,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share/per partnership unit issued (in USD per share)
0.62	-	0.62	0.62	0.62	-	0.62	0.90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share/per partnership unit issued (in USD per share)
-	-	-	-	-	-	-	-	0.90	-	0.18	0.18	0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	703	394	-	-	313	192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	-	-	-	-	-	-	284	-	56	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-32	-59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-55	-	-12	157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to the general partner
-143	-27	703	394	380	-	281	133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to the general partner
-	-	-	-	-	-	-	-	229	-	44	188	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	78,004	45,343	-	-	28,121	24,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	-	-	-	-	-	-	37,794	-	6,766	3,742	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-934	-7,594	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-7,305	-	-1,488	19,276	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to the limited partners
-15,704	7,271	78,004	45,343	43,198	-	27,187	17,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to the limited partners
-	-	-	-	-	-	-	-	30,489	-	5,278	23,018	12,720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	0.87	0.49	-	-	0.33	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations (in USD per share)
-	-	-	-	-	-	-	-	0.39	-	0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-0.01	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in USD per share)
-	-	-	-	-	-	-	-	-0.08	-	0.00	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
-0.18	-0.03	0.87	0.49	0.48	-	0.32	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per partnership unit - basic (in USD per share)
-	-	-	-	-	-	-	-	0.31	-	0.01	0.05	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	0.87	0.49	-	-	0.33	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations (in USD per share)
-	-	-	-	-	-	-	-	0.39	-	0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-0.01	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in USD per share)
-	-	-	-	-	-	-	-	-0.08	-	0.00	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-0.18	-0.03	0.87	0.49	0.48	-	0.32	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per partnership unit - diluted (in USD per share)
-	-	-	-	-	-	-	-	0.31	-	0.01	0.05	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
102,230	99,947	90,040	87,001	85,497	-	85,336	85,627	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	-	-	-	-	-	88,975	-	456,671	479,102	482,607	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
102,230	99,684	90,396	87,890	85,504	-	85,578	85,804	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
-	-	-	-	-	-	-	-	89,020	-	456,671	479,102	482,609	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rentals
Revenue from leases
-	-	-	-	-	-	-	-	-	-	103,523	102,918	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursement income
Revenue from leases
-	-	-	-	-	-	-	-	-	-	3,270	4,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-