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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Property rental $ 1,157,522 $ 1,130,177 $ 1,039,340
Tenant reinsurance 146,561 128,387 115,507
Management fees and other income 52,129 49,890 41,757
Total revenues 1,356,212 1,308,454 1,196,604
Expenses:      
Property operations 360,615 336,050 291,695
Tenant reinsurance 26,494 29,376 25,707
General and administrative 96,594 89,418 81,256
Depreciation and amortization 224,444 219,857 209,050
Total expenses 708,147 674,701 607,708
Gain on real estate transactions 18,075 1,205 30,807
Income from operations 666,140 634,958 619,703
Interest expense (168,626) (186,526) (178,436)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (3,675) (4,742) (4,687)
Interest income 15,192 7,467 5,292
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 509,031 451,157 441,872
Equity in earnings and dividend income from unconsolidated real estate entities 22,361 11,274 14,452
Income tax expense (13,810) (11,308) (9,244)
Net income 517,582 451,123 447,080
Net income allocated to Preferred Operating Partnership noncontrolling interests (12,882) (12,492) (13,995)
Net income allocated to Operating Partnership and other noncontrolling interests (22,921) (18,664) (17,796)
Net income attributable to common stockholders $ 481,779 $ 419,967 $ 415,289
Earnings per common share      
Basic (in dollars per share) $ 3.71 $ 3.27 $ 3.29
Diluted (in dollars per share) $ 3.71 $ 3.24 $ 3.27
Weighted average number of shares      
Basic (in shares) 129,541,531 128,203,568 126,087,487
Diluted (in shares) 129,584,829 136,433,769 133,159,033