SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
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Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
Sep. 30, 2014 |
Jun. 30, 2014 |
Mar. 31, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Interest income | $ 21,538 | $ 23,010 | $ 24,265 | $ 27,078 | $ 23,738 | $ 27,544 | $ 29,893 | $ 46,452 | $ 95,891 | $ 127,627 | $ 213,712 |
Interest expense | (13,737) | (14,715) | (16,950) | (16,727) | (19,113) | (18,411) | (20,328) | (22,170) | (62,129) | (80,022) | (78,601) |
Net interest income | 7,801 | 8,295 | 7,315 | 10,351 | 4,625 | 9,133 | 9,565 | 24,282 | 33,762 | 47,605 | 135,111 |
Impairment (reversal) | (1,857) | (3,460) | (13,679) | (405) | 1,176 | 4,015 | (1,526) | (1,246) | (19,401) | 2,419 | 19,769 |
Operating revenues | 69,363 | 82,864 | 82,803 | 60,826 | 64,674 | 81,494 | 82,737 | 62,632 | 295,856 | 291,537 | 0 |
Total other income | (2,360) | 11,987 | 29,373 | 501 | 4,329 | 12,618 | 41,707 | 15,808 | 39,501 | 74,462 | 35,290 |
Property operating expenses | 64,740 | 76,826 | 74,546 | 60,990 | 66,316 | 77,167 | 75,289 | 65,603 | 277,102 | 284,375 | |
Depreciation and amortization | 7,651 | 7,111 | 7,119 | 6,753 | 7,583 | 7,204 | 6,317 | 5,863 | 28,634 | 26,967 | 4 |
Other operating expenses | 5,381 | 6,592 | 6,279 | 4,477 | 7,150 | 8,955 | 10,471 | 10,314 | 22,729 | 36,890 | |
Income tax expense - Note 15 | (985) | 1,257 | 27 | 46 | 64 | 0 | 4 | 140 | 345 | 208 | 0 |
Income from continuing operations | (3,840) | 7,900 | 17,841 | (993) | (6,309) | 13,934 | 40,402 | 19,556 | 20,908 | 67,583 | 140,794 |
Income from discontinued operations | 0 | 7 | 524 | 115 | (2,762) | (8,624) | (8,504) | (15,299) | 646 | (35,189) | |
Preferred dividends | (1,395) | (1,395) | (1,395) | (1,395) | (1,395) | (1,395) | (1,395) | (1,395) | (5,580) | (5,580) | (5,580) |
Net loss (income) attributable to noncontrolling interests | 76 | (13) | 49 | 181 | 141 | 21 | 29 | 661 | 293 | 852 | (928) |
Income Applicable To Common Stockholders | $ (5,159) | $ 6,499 | $ 17,019 | $ (2,092) | $ (10,325) | $ 3,936 | $ 30,532 | $ 3,523 | $ 16,267 | $ 27,666 | $ 145,833 |
Net income (loss) per share of common stock | |||||||||||
Income Applicable to Common Stock, per share | $ (0.08) | $ 0.10 | $ 0.26 | $ (0.03) | $ (0.16) | $ 0.06 | $ 0.52 | $ 0.06 | $ 0.24 | $ 0.45 | $ 3.16 |
Income Applicable to Common Stock, per share | (0.08) | 0.09 | 0.25 | (0.03) | (0.16) | 0.06 | 0.50 | 0.06 | 0.24 | 0.44 | 3.09 |
Income from discontinued operations per share of common stock | |||||||||||
Basic (in dollars per share) | 0.00 | 0.00 | 0.01 | 0.00 | (0.04) | (0.14) | (0.15) | (0.26) | 0.01 | (0.57) | 0.25 |
Diluted (in dollars per share) | $ 0.00 | $ 0.00 | $ 0.01 | $ 0.00 | $ (0.04) | $ (0.14) | $ (0.15) | $ (0.26) | $ 0.01 | $ (0.57) | $ 0.24 |
Weighted Average Number of Shares of Common Stock Outstanding | |||||||||||
Basic (in dollars per share) | 66,579,072 | 66,484,962 | 66,426,980 | 66,424,508 | 66,404,248 | 62,329,023 | 58,599,666 | 58,575,582 | 66,479,321 | 61,500,913 | 46,146,882 |
Diluted (in dollars per share) | 66,579,072 | 69,069,659 | 69,204,717 | 66,424,508 | 66,404,248 | 63,865,796 | 60,477,084 | 60,511,128 | 68,647,915 | 63,131,227 | 47,218,274 |
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- Definition The amount of impairment charge, net of the reversal of prior valuation allowances on loans. No definition available.
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- Definition Heading for income/loss per share of common stock. No definition available.
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- References No definition available.
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- Definition Other operating expenses, as depicted on the schedule of segment reporting data. No definition available.
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- Definition Other operating costs incurred during the reporting period and may include amounts paid to maintain the property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of gains or losses resulting from nonoperating activities (for example, interest and dividend revenue, property, plant and equipment impairment loss, and so forth). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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