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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Property rental $ 247,886 $ 231,493
Tenant reinsurance 27,034 22,855
Management fees and other income 10,565 8,660
Total revenues 285,485 263,008
Expenses:    
Property operations 72,753 66,645
Tenant reinsurance 5,607 3,920
General and administrative 21,464 18,808
Depreciation and amortization 51,749 49,432
Total expenses 151,573 138,805
Income from operations 133,912 124,203
Interest expense (40,966) (35,970)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (1,209) (1,269)
Interest income 1,438 2,315
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 93,175 89,279
Equity in earnings of unconsolidated real estate ventures 3,597 3,579
Income tax expense (1,342) (3,124)
Net income 95,430 89,734
Net income allocated to Preferred Operating Partnership noncontrolling interests (3,390) (3,951)
Net income allocated to Operating Partnership and other noncontrolling interests (3,784) (3,501)
Net income attributable to common stockholders $ 88,256 $ 82,282
Earnings per common share    
Basic (in dollars per share) $ 0.70 $ 0.65
Diluted (in dollars per share) $ 0.70 $ 0.64
Weighted average number of shares    
Basic (in shares) 125,772,439 125,605,403
Diluted (in shares) 132,682,560 132,618,644
Cash dividends paid per common share (in dollars per share) $ 0.78 $ 0.78