| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||
218,517 | 216,461 | 242,818 | 282,365 | 288,067 | 289,071 | 289,466 | 368,007 | 462,223 | 521,753 |
Expenses | |||||||||
Property operating expenses | |||||||||
51,674 | 55,921 | 72,603 | 89,158 | 95,456 | 91,168 | 88,730 | 109,961 | 143,502 | 158,093 |
Real estate taxes | |||||||||
35,682 | 34,264 | 36,297 | 40,134 | 41,472 | 41,918 | 38,605 | 48,102 | 61,006 | 73,322 |
Property management fees | |||||||||
338 | 232 | 917 | 5,028 | 8,678 | 8,721 | 8,664 | 10,916 | 14,101 | 15,345 |
Interest expense | |||||||||
29,371 | 33,576 | 43,257 | 57,454 | 67,374 | 88,781 | 96,794 | 112,222 | 140,401 | 164,032 |
Impairment of Real Estate | |||||||||
41,564 | 5,250 | 8,977 | - | - | - | - | - | - | - |
Asset management fees | |||||||||
- | - | - | - | - | - | 6,656 | 14,521 | 16,470 | 18,785 |
Asset impairment losses | |||||||||
- | - | - | 132 | 13,165 | 0 | 72,054 | 27,370 | 5,116 | 184,570 |
Goodwill impairment losses | |||||||||
- | - | - | - | - | - | - | - | 11,470 | - |
General and administrative | |||||||||
21,785 | 21,446 | 23,649 | 44,941 | 19,058 | 17,322 | 15,480 | 10,828 | 9,988 | 11,122 |
Depreciation and amortization | |||||||||
101,036 | 94,754 | 111,830 | 122,731 | 119,670 | 121,902 | 126,126 | 165,137 | 201,873 | 233,730 |
Total expenses | |||||||||
281,450 | 245,443 | 297,530 | 359,578 | 364,873 | 369,812 | 453,109 | 499,057 | 603,927 | 858,999 |
Interest and other income | |||||||||
784 | 1,359 | 1,169 | 810 | 513 | 1,234 | 946 | 1,078 | 1,467 | 3,273 |
Gain (Loss) on Extinguishment of Debt | |||||||||
-8,988 | -545 | 0 | -21,502 | -426 | -1,605 | 0 | 0 | - | -4,477 |
Gain on troubled debt restructuring | |||||||||
31,006 | 0 | 0 | - | - | - | 201 | 1,008 | 9,091 | - |
Income (loss) before gains | |||||||||
- | - | - | -95,430 | -74,855 | -57,083 | -160,831 | -130,651 | -132,975 | - |
Loss from continuing operations before gain on sale of assets | |||||||||
- | - | - | - | - | - | - | - | - | -336,742 |
Income from discontinued operations | |||||||||
- | - | - | 1,407 | -30,894 | 16,528 | -19,743 | -69,310 | -101,173 | -102,345 |
Gain on sale of discontinued operations | |||||||||
- | - | - | 15,383 | 90,221 | 40,436 | 20,130 | 16,701 | 2,920 | - |
Discontinued operations | |||||||||
- | - | - | 16,790 | 59,327 | 56,964 | 387 | -52,609 | -98,253 | - |
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | |||||||||
26,828 | 92,396 | 22,176 | 44,477 | 0 | 16,102 | 8,083 | 1,385 | 0 | - |
Insured Event, Gain (Loss) | |||||||||
-3,000 | 0 | 0 | - | - | - | - | - | - | - |
Loss before income taxes, equity in operations of investments, and gain on remeasurement of investment in unconsolidated entities | |||||||||
-16,303 | 64,228 | -31,367 | -97,905 | -76,719 | -81,112 | -162,496 | -128,964 | -131,146 | -338,450 |
Provision for income taxes | |||||||||
834 | 468 | 655 | 1,507 | -28 | 518 | 60 | -615 | 2,783 | -1,424 |
Equity in operations of investments | |||||||||
718 | 6,399 | 2,569 | 3,982 | 1,836 | 24,547 | 1,725 | -2,302 | 954 | 284 |
Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount | |||||||||
11,090 | 14,168 | 0 | 0 | - | - | - | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
-5,329 | 84,327 | -29,453 | -34,163 | -15,528 | 15,983 | -152,361 | -181,875 | -231,228 | -439,087 |
Noncontrolling interests | |||||||||
-308 | 41 | -36 | -159 | -132 | -60 | -222 | -312 | -586 | -5,787 |
Noncontrolling interests in discontinued operations | |||||||||
- | - | - | 30 | 120 | 491 | -38 | -113 | -143 | -2,668 |
Dilution of Series A Convertible Preferred Stock | |||||||||
- | - | - | 1,926 | 0 | 0 | 0 | - | - | - |
(accretion) of Series A Convertible Preferred Stock | |||||||||
- | - | - | - | 1,926 | - | - | - | - | - |
Net Income (Loss) Attributable to Parent | |||||||||
-5,021 | 84,286 | -29,417 | -32,108 | -17,442 | 15,552 | -152,101 | -181,450 | -230,499 | -430,632 |
Weighted average common shares outstanding - basic (in shares) | |||||||||
50,234 | 47,537 | 47,406 | 48,960 | - | - | - | - | - | 291,738 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||
50,233 | 47,883 | 47,406 | 48,960 | - | - | - | - | - | 291,738 |
Basic - Continuing operations (in dollars per share) | |||||||||
- | - | - | -1.00 | - | - | - | - | - | - |
Basic - Discontinued operations (in dollars per share) | |||||||||
- | - | - | 0.34 | - | - | - | - | - | - |
Basic and diluted weighted average common shares outstanding (in shares) | |||||||||
- | - | - | - | 49,875 | 49,865 | 298,372 | 296,351 | 294,241 | - |
Earnings Per Share, Basic | |||||||||
-0.10 | 1.76 | -0.62 | -0.66 | - | - | - | - | - | - |
Diluted - Continuing operations (in dollars per share) | |||||||||
- | - | - | -1.00 | - | - | - | - | - | - |
Diluted - Discontinued operations (in dollars per share) | |||||||||
- | - | - | 0.34 | - | - | - | - | - | - |
Earnings Per Share, Diluted | |||||||||
-0.10 | 1.75 | -0.62 | -0.66 | - | - | - | - | - | - |
Continuing operations (in dollars per share) | |||||||||
- | - | - | - | -1.54 | -0.82 | -0.51 | -0.43 | -0.45 | -1.13 |
Discontinued operations (in dollars per share) | |||||||||
- | - | - | - | 1.19 | 1.13 | 0.00 | -0.18 | -0.33 | -0.34 |
Basic and diluted income (loss) per common share (in dollars per share) | |||||||||
- | - | - | - | -0.35 | 0.31 | -0.51 | -0.61 | -0.78 | -1.47 |
Distributions declared per common share (in dollars per share) | |||||||||
- | - | - | - | - | 0.00 | - | - | - | - |
Continuing operations | |||||||||
- | - | - | -48,868 | -76,649 | -40,921 | -152,526 | -128,954 | -132,389 | -330,955 |
Discontinued operations | |||||||||
- | - | - | 16,760 | 59,207 | 56,473 | 425 | -52,496 | -98,110 | -99,677 |
Net income (loss) attributable to common stockholders | |||||||||
- | - | - | -32,108 | -17,442 | 15,552 | -152,101 | -181,450 | -230,499 | -430,632 |
Comprehensive income (loss): | |||||||||
Net loss attributable to common stockholders | |||||||||
-5,021 | 84,286 | -29,417 | - | - | - | - | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
-5,329 | 84,327 | -29,453 | -34,163 | -15,528 | 15,983 | -152,361 | -181,875 | -231,228 | -439,087 |
Other comprehensive income (loss): unrealized gain (loss) on interest rate derivatives | |||||||||
-1,634 | 5,262 | 2,824 | -3,077 | -789 | 1,679 | -772 | -906 | 3,269 | 2,388 |
Reclassification of unrealized loss on interest rate derivatives to earnings | |||||||||
- | - | - | - | - | - | - | - | 1,440 | -3,649 |
Dilution (accretion) of Series A Convertible Preferred Stock | |||||||||
- | - | - | - | - | 0 | 0 | - | - | - |
Total other comprehensive income (loss) | |||||||||
- | - | - | - | - | - | - | - | 4,709 | 6,037 |
Comprehensive income (loss) | |||||||||
-6,963 | 89,589 | -26,629 | -35,314 | -18,243 | 17,662 | -153,133 | -182,781 | -226,519 | -433,050 |
Comprehensive loss attributable to noncontrolling interests | |||||||||
-308 | 43 | -30 | -134 | -13 | 434 | -261 | -426 | -738 | -8,447 |
Comprehensive income (loss) attributable to common stockholders | |||||||||
-6,655 | 89,546 | -26,599 | -35,180 | -18,230 | 17,228 | -152,872 | -182,355 | -225,781 | -424,603 |