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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Property rental $ 1,654,735 $ 1,340,990 $ 1,157,522
Tenant reinsurance 185,531 170,108 146,561
Management fees and other income 83,904 66,264 52,129
Total revenues 1,924,170 1,577,362 1,356,212
Expenses:      
Property operations 435,342 368,608 360,615
Tenant reinsurance 33,560 29,488 26,494
Transaction related costs 1,548 0 0
General and administrative 129,251 102,194 96,594
Depreciation and amortization 288,316 241,879 224,444
Total expenses 888,017 742,169 708,147
Gain on real estate transactions 14,249 140,760 18,075
Income from operations 1,050,402 975,953 666,140
Interest expense (219,171) (166,183) (168,626)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes 0 0 (3,675)
Interest income 69,422 49,703 15,192
Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense 900,653 859,473 509,031
Equity in earnings and dividend income from unconsolidated real estate entities 41,428 32,358 22,361
Income tax expense (20,925) (20,324) (13,810)
Net income 921,156 877,758 517,582
Net income allocated to Preferred Operating Partnership noncontrolling interests (17,623) (14,697) (12,882)
Net income allocated to Operating Partnership and other noncontrolling interests (42,845) (35,412) (22,921)
Net income attributable to common stockholders $ 860,688 $ 827,649 $ 481,779
Earnings per common share      
Basic (in dollars per share) $ 6.41 $ 6.20 $ 3.71
Diluted (in dollars per share) $ 6.41 $ 6.19 $ 3.71
Weighted average number of shares      
Basic (in shares) 134,050,815 133,374,938 129,541,531
Diluted (in shares) 141,681,388 140,016,028 129,584,829