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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Property rental $ 1,039,340 $ 967,229 $ 864,742
Tenant reinsurance 115,507 98,401 87,291
Management fees and other income 41,757 39,379 39,842
Total revenues 1,196,604 1,105,009 991,875
Expenses:      
Property operations 291,695 271,974 250,005
Tenant reinsurance 25,707 19,173 15,555
Acquisition related costs and other 0 0 12,111
General and administrative 81,256 78,961 81,806
Depreciation and amortization 209,050 193,296 182,560
Total expenses 607,708 563,404 542,037
Gain on real estate transactions, earnout on prior acquisitions and impairment of real estate 30,807 112,789 8,465
Income from operations 619,703 654,394 458,303
Interest expense (178,436) (153,511) (133,479)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (4,687) (5,103) (4,980)
Interest income 5,292 6,736 10,998
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 441,872 502,516 330,842
Equity in earnings of unconsolidated real estate ventures 14,452 15,331 12,895
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partners' interests 0 0 69,199
Income tax expense (9,244) (3,625) (15,847)
Net income 447,080 514,222 397,089
Net income allocated to Preferred Operating Partnership noncontrolling interests (13,995) (14,989) (14,700)
Net income allocated to Operating Partnership and other noncontrolling interests (17,796) (20,220) (16,262)
Net income attributable to common stockholders $ 415,289 $ 479,013 $ 366,127
Earnings per common share      
Basic (in dollars per share) $ 3.29 $ 3.79 $ 2.92
Diluted (in dollars per share) $ 3.27 $ 3.76 $ 2.91
Weighted average number of shares      
Basic (in shares) 126,087,487 125,967,831 125,087,554
Diluted (in shares) 133,159,033 134,155,771 125,948,076