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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Property rental $ 279,584 $ 258,128 $ 550,587 $ 506,014
Tenant reinsurance 31,701 28,521 61,498 55,555
Management fees and other income 12,317 10,164 23,063 20,729
Total revenues 323,602 296,813 635,148 582,298
Expenses:        
Property operations 80,870 73,083 159,635 145,836
Tenant reinsurance 6,982 5,471 13,949 11,078
General and administrative 23,351 21,651 46,029 43,115
Depreciation and amortization 54,406 51,892 109,065 103,641
Total expenses 165,609 152,097 328,678 303,670
Gain on real estate transactions 1,205 0 1,205 0
Income from operations 159,198 144,716 307,675 278,628
Interest expense (47,448) (43,347) (94,808) (84,313)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (1,185) (1,176) (2,347) (2,385)
Interest income 1,718 1,188 3,106 2,626
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 112,283 101,381 213,626 194,556
Equity in earnings of unconsolidated real estate ventures 3,121 3,429 5,751 7,026
Income tax expense (2,715) (2,097) (4,528) (3,439)
Net income 112,689 102,713 214,849 198,143
Net income allocated to Preferred Operating Partnership noncontrolling interests (3,128) (3,492) (6,291) (6,882)
Net income allocated to Operating Partnership and other noncontrolling interests (4,733) (4,068) (8,960) (7,852)
Net income attributable to common stockholders $ 104,828 $ 95,153 $ 199,598 $ 183,409
Earnings per common share        
Basic (in dollars per share) $ 0.82 $ 0.75 $ 1.56 $ 1.45
Diluted (in dollars per share) $ 0.81 $ 0.75 $ 1.55 $ 1.45
Weighted average number of shares        
Basic (in shares) 127,585,436 125,874,130 127,349,299 125,823,581
Diluted (in shares) 135,654,761 132,772,772 135,166,456 132,992,734
Cash dividends paid per common share (in dollars per share) $ 0.90 $ 0.86 $ 1.76 $ 1.64