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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Property rental $ 379,808 $ 303,593
Tenant reinsurance 43,797 39,619
Management fees and other income 19,957 15,645
Total revenues 443,562 358,857
Expenses:    
Property operations 103,542 92,367
Tenant reinsurance 7,042 7,161
General and administrative 29,762 23,540
Depreciation and amortization 67,906 58,599
Total expenses 208,252 181,667
Gain on real estate transactions 0 63,883
Income from operations 235,310 241,073
Interest expense (42,538) (40,695)
Interest income 18,989 12,304
Income before equity in earnings and dividend income from unconsolidated real estate ventures and income tax expense 211,761 212,682
Equity in earnings and dividend income from unconsolidated real estate entities 9,097 6,956
Income tax expense (3,141) (4,137)
Net income 217,717 215,501
Net income allocated to Preferred Operating Partnership noncontrolling interests (4,333) (3,680)
Net income allocated to Operating Partnership and other noncontrolling interests (9,805) (8,823)
Net income attributable to common stockholders $ 203,579 $ 202,998
Earnings per common share    
Basic (in dollars per share) $ 1.52 $ 1.54
Diluted (in dollars per share) $ 1.51 $ 1.53
Weighted average number of shares    
Basic (in shares) 134,180,175 132,007,556
Diluted (in shares) 141,581,862 139,676,548
Cash dividends paid per common share (in dollars per share) $ 1.50 $ 1.00