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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Property rental $ 286,703 $ 271,003
Tenant reinsurance 33,613 29,797
Management fees and other income 12,136 10,746
Total revenues 332,452 311,546
Expenses:    
Property operations 90,297 78,765
Tenant reinsurance 6,678 6,967
General and administrative 23,011 22,678
Depreciation and amortization 55,275 54,659
Total expenses 175,261 163,069
Income from operations 157,191 148,477
Interest expense (44,358) (47,360)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (1,209) (1,162)
Interest income 1,674 1,388
Income before equity in earnings of unconsolidated real estate entities and income tax expense 113,298 101,343
Equity in earnings and dividend income from unconsolidated real estate entities 5,043 2,630
Income tax expense (2,179) (1,813)
Net income 116,162 102,160
Net income allocated to Preferred Operating Partnership noncontrolling interests (3,111) (3,163)
Net income allocated to Operating Partnership and other noncontrolling interests (4,872) (4,227)
Net income attributable to common stockholders $ 108,179 $ 94,770
Earnings per common share    
Basic (in dollars per share) $ 0.84 $ 0.74
Diluted (in dollars per share) $ 0.83 $ 0.74
Weighted average number of shares    
Basic (in shares) 129,288,629 127,037,247
Diluted (in shares) 137,139,560 134,289,716
Cash dividends paid per common share (in dollars per share) $ 0.90 $ 0.86