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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Rental income $ 146,507 $ 142,207 $ 427,976 $ 409,826
Total revenues 172,511 166,547 500,390 478,409
OPERATING EXPENSES        
Property operating expenses 57,101 53,465 168,186 155,010
Depreciation and amortization 38,084 43,379 118,815 122,484
General and administrative 10,193 10,011 30,101 28,958
Total operating expenses 105,378 106,855 317,102 306,452
Interest:        
Interest expense on loans (18,984) (18,207) (56,367) (53,858)
Loan procurement amortization expense (753) (687) (2,260) (2,082)
Equity in (losses) earnings of real estate ventures (37) 152 (216) 10,940
Other 45 1,647 208 1,304
Total other expense (19,729) (17,095) (58,635) (43,696)
NET INCOME 47,404 42,597 124,653 128,261
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Noncontrolling interests in the Operating Partnership (474) (426) (1,246) (1,283)
Noncontrolling interest in subsidiaries (39) (17) (115) 94
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 46,891 $ 42,154 $ 123,292 $ 127,072
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.24 $ 0.22 $ 0.64 $ 0.67
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.24 $ 0.22 $ 0.63 $ 0.67
Weighted average basic shares outstanding (in shares) 193,745 192,927 193,652 189,970
Weighted average diluted shares outstanding (in shares) 194,539 193,817 194,386 190,774
Other Property Related Income        
REVENUES        
Property related income $ 18,916 $ 18,054 $ 52,340 $ 50,651
Property Management Fee Income        
REVENUES        
Property related income $ 7,088 $ 6,286 $ 20,074 $ 17,932