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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Property rental $ 231,493 $ 199,488
Tenant reinsurance 22,855 20,555
Management fees and other income 8,660 9,360
Total revenues 263,008 229,403
Expenses:    
Property operations 66,645 61,112
Tenant reinsurance 3,920 4,311
Acquisition related costs and other 0 4,053
General and administrative 18,808 23,402
Depreciation and amortization 49,432 42,897
Total expenses 138,805 135,775
Income from operations 124,203 93,628
Loss on earnout from prior acquisition 0 (1,544)
Interest expense (35,970) (31,359)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (1,269) (1,233)
Interest income 1,102 1,714
Interest income on note receivable from Preferred Operating Partnership unit holder 1,213 1,213
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 89,279 62,419
Equity in earnings of unconsolidated real estate ventures 3,579 2,830
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partner's interest 0 26,923
Income tax expense (3,124) (2,765)
Net income 89,734 89,407
Net income allocated to Preferred Operating Partnership noncontrolling interests (3,951) (3,180)
Net income allocated to Operating Partnership and other noncontrolling interests (3,501) (3,635)
Net income attributable to common stockholders $ 82,282 $ 82,592
Earnings per common share    
Basic (in dollars per share) $ 0.65 $ 0.66
Diluted (in dollars per share) $ 0.64 $ 0.66
Weighted average number of shares    
Basic (in shares) 125,605,403 124,754,174
Diluted (in shares) 132,618,644 131,956,094
Cash dividends paid per common share (in dollars per share) $ 0.78 $ 0.59