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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Property rental $ 266,728 $ 248,589 $ 772,742 $ 720,878
Tenant reinsurance 30,105 25,882 85,660 73,050
Management fees and other income 10,120 9,685 30,849 29,239
Expenses:        
Property operations 73,652 70,430 219,488 204,370
Tenant reinsurance 7,720 6,272 18,798 13,996
General and administrative 19,707 19,498 62,822 60,171
Depreciation and amortization 52,283 48,075 155,924 144,139
Total expenses 153,362 144,275 457,032 422,676
Income from operations 153,591 139,881 432,219 400,491
Gain (loss) on real estate transactions and impairment of real estate 30,807 0 30,807 (6,019)
Interest expense (45,926) (39,766) (130,239) (113,192)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (1,140) (1,268) (3,525) (3,827)
Interest income 1,371 1,401 3,997 5,201
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 138,703 100,248 333,259 282,654
Equity in earnings of unconsolidated real estate ventures 3,622 3,990 10,648 11,407
Income tax expense (2,638) (3,163) (6,077) (9,154)
Net income 139,687 101,075 337,830 284,907
Net income allocated to Preferred Operating Partnership noncontrolling interests (3,723) (3,394) (10,605) (10,775)
Net income allocated to Operating Partnership and other noncontrolling interests (5,546) (3,917) (13,398) (11,080)
Net income attributable to common stockholders $ 130,418 $ 93,764 $ 313,827 $ 263,052
Earnings per common share        
Basic (in dollars per share) $ 1.03 $ 0.74 $ 2.49 $ 2.09
Diluted (in dollars per share) $ 1.02 $ 0.74 $ 2.48 $ 2.07
Weighted average number of shares        
Basic (in shares) 126,466,837 125,717,517 125,959,926 125,665,787
Diluted (in shares) 134,240,290 133,044,473 133,015,690 133,008,622
Cash dividends paid per common share (in dollars per share) $ 0.86 $ 0.78 $ 2.5 $ 2.34
Real Estate        
Revenues:        
Total revenues $ 306,953 $ 284,156 $ 889,251 $ 823,167