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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Rental income $ 140,484 $ 136,027 $ 281,469 $ 267,619
Total revenues 163,798 159,017 327,879 311,862
OPERATING EXPENSES        
Property operating expenses 55,345 50,120 111,085 101,545
Depreciation and amortization 39,893 40,663 80,731 79,105
General and administrative 9,543 9,800 19,908 18,947
Total operating expenses 104,781 100,583 211,724 199,597
Interest:        
Interest expense on loans (18,702) (18,134) (37,383) (35,651)
Loan procurement amortization expense (753) (771) (1,507) (1,395)
Equity in (losses) earnings of real estate ventures (174) 10,527 (179) 10,788
Other (456) (178) 163 (343)
Total other expense (20,085) (8,556) (38,906) (26,601)
NET INCOME 38,932 49,878 77,249 85,664
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Noncontrolling interests in the Operating Partnership (389) (499) (772) (857)
Noncontrolling interest in subsidiaries (38) 41 (76) 111
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 38,505 $ 49,420 $ 76,401 $ 84,918
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.20 $ 0.26 $ 0.39 $ 0.45
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.20 $ 0.26 $ 0.39 $ 0.45
Weighted average basic shares outstanding (in shares) 193,629 189,667 193,605 188,467
Weighted average diluted shares outstanding (in shares) 194,192 190,543 194,231 189,286
Other Property Related Income        
REVENUES        
Property related income $ 16,522 $ 16,922 $ 33,424 $ 32,597
Property Management Fee Income        
REVENUES        
Property related income $ 6,792 $ 6,068 $ 12,986 $ 11,646