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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Rental income $ 104,997 $ 91,556
Other property related income 11,763 10,543
Property management fee income 2,111 1,589
Total revenues 118,871 103,688
OPERATING EXPENSES    
Property operating expenses 40,219 37,431
Depreciation and amortization 39,356 37,895
General and administrative 8,228 7,173
Acquisition related costs 2,342 510
Total operating expenses 90,145 83,009
OPERATING INCOME 28,726 20,679
Interest:    
Interest expense on loans (12,084) (11,057)
Loan procurement amortization expense (605) (546)
Equity in losses of real estate ventures (512) (238)
Other 330 (316)
Total other expense (12,871) (12,157)
NET INCOME 15,855 8,522
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interests in the Operating Partnership (172) (91)
Noncontrolling interest in subsidiaries 67 3
NET INCOME ATTRIBUTABLE TO THE COMPANY 15,750 8,434
Distribution to preferred shareholders (1,502) (1,502)
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 14,248 $ 6,932
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.08 $ 0.04
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.08 $ 0.04
Weighted-average basic shares outstanding (in shares) 175,798 165,502
Weighted-average diluted shares outstanding (in shares) 177,261 167,165