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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Property rental $ 279,312 $ 279,584 $ 566,015 $ 550,587
Tenant reinsurance 35,078 31,701 68,691 61,498
Management fees and other income 12,856 12,317 24,992 23,063
Total revenues 327,246 323,602 659,698 635,148
Expenses:        
Property operations 89,040 80,870 179,337 159,635
Tenant reinsurance 6,858 6,982 13,536 13,949
General and administrative 25,337 23,351 48,348 46,029
Depreciation and amortization 56,018 54,406 111,293 109,065
Total expenses 177,253 165,609 352,514 328,678
Gain on real estate transactions 0 1,205 0 1,205
Income from operations 149,993 159,198 307,184 307,675
Interest expense     (85,397) (94,808)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (1,233) (1,185) (2,442) (2,347)
Interest income 1,669 1,718 3,343 3,106
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 109,390 112,283 222,688 213,626
Equity in earnings and dividend income from unconsolidated real estate entities 5,044 3,121 10,087 5,751
Income tax expense (3,177) (2,715) (5,356) (4,528)
Net income 111,257 112,689 227,419 214,849
Net income allocated to Preferred Operating Partnership noncontrolling interests (3,139) (3,128) (6,250) (6,291)
Net income allocated to Operating Partnership and other noncontrolling interests (5,207) (4,733) (10,079) (8,960)
Net income attributable to common stockholders $ 102,911 $ 104,828 $ 211,090 $ 199,598
Earnings per common share        
Basic (in dollars per share) $ 0.80 $ 0.82 $ 1.63 $ 1.56
Diluted (in dollars per share) $ 0.80 $ 0.81 $ 1.63 $ 1.55
Weighted average number of shares        
Basic (in shares) 128,932,152 127,585,436 129,110,131 127,349,299
Diluted (in shares) 129,082,468 135,654,761 129,285,675 135,166,456
Cash dividends paid per common share (in dollars per share) $ 0.90 $ 0.90 $ 1.80 $ 1.76