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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Property rental $ 967,229 $ 864,742 $ 676,138
Tenant reinsurance 98,401 87,291 71,971
Management fees and other income 39,379 39,842 34,161
Total revenues 1,105,009 991,875 782,270
Expenses:      
Property operations 271,974 250,005 203,965
Tenant reinsurance 19,173 15,555 13,033
Acquisition related costs and other 0 12,111 69,401
General and administrative 78,961 81,806 67,758
Depreciation and amortization 193,296 182,560 133,457
Total expenses 563,404 542,037 487,614
Revenues less cost of operations 541,605 449,838 294,656
Gain (loss) on real estate transactions, earnout from prior acquisitions and impairment of real estate 112,789 8,465 1,501
Interest expense (153,511) (133,479) (95,682)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (5,103) (4,980) (3,310)
Interest income 3,801 6,148 3,461
Interest income on note receivable from Preferred Operating Partnership unit holder 2,935 4,850 4,850
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 502,516 330,842 205,476
Equity in earnings of unconsolidated real estate ventures 15,331 12,895 12,351
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partners' interests 0 69,199 2,857
Income tax expense (3,625) (15,847) (11,148)
Net income 514,222 397,089 209,536
Net income allocated to Preferred Operating Partnership noncontrolling interests (14,989) (14,700) (11,718)
Net income allocated to Operating Partnership and other noncontrolling interests (20,220) (16,262) (8,344)
Net income attributable to common stockholders $ 479,013 $ 366,127 $ 189,474
Earnings per common share      
Basic (in dollars per share) $ 3.79 $ 2.92 $ 1.58
Diluted (in dollars per share) $ 3.76 $ 2.91 $ 1.56
Weighted average number of shares      
Basic (in shares) 125,967,831 125,087,554 119,816,743
Diluted (in shares) 134,155,771 125,948,076 126,918,869