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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental revenues $ 80,392 $ 58,015 $ 159,279 $ 117,107
Expense recoveries 24,288 16,108 48,596 32,462
Interest income on real estate loans and other 2,309 2,476 4,337 3,696
Total revenues 106,989 76,599 212,212 153,265
Expenses:        
Interest expense 17,154 11,472 33,648 21,287
General and administrative 7,104 6,249 15,563 10,985
Operating expenses 30,341 20,519 60,800 42,608
Depreciation and amortization 37,725 28,123 76,301 56,056
Acquisition expenses 0 5,242 0 10,647
Total expenses 92,324 71,605 186,312 141,583
Income before equity in income of unconsolidated entities and (loss) gain on sale of investment properties: 14,665 4,994 25,900 11,682
Equity in income of unconsolidated entities 29 29 57 57
(Loss) gain on sale of investment properties (2,632) 5,308 (2,563) 5,308
Net income 12,062 10,331 23,394 17,047
Net income attributable to noncontrolling interests:        
Operating Partnership (331) (314) (644) (461)
Partially owned properties [1] (144) (159) (255) (326)
Net income attributable to controlling interests 11,587 9,858 22,495 16,260
Preferred distributions (284) (188) (771) (399)
Net income attributable to common shareholders $ 11,303 $ 9,670 $ 21,724 $ 15,861
Net income per share:        
Basic (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.11
Diluted (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.11
Weighted average common shares:        
Weighted average common shares - basic (in shares) 182,002,062 155,366,080 181,906,348 147,221,602
Weighted average common shares - diluted (in shares) 187,431,132 161,012,360 187,387,211 151,912,432
Dividends and distributions declared per common share and OP Unit (dollars per share) $ 0.230 $ 0.230 $ 0.460 $ 0.455
Operating Partnership        
Revenues:        
Rental revenues $ 80,392 $ 58,015 $ 159,279 $ 117,107
Expense recoveries 24,288 16,108 48,596 32,462
Interest income on real estate loans and other 2,309 2,476 4,337 3,696
Total revenues 106,989 76,599 212,212 153,265
Expenses:        
Interest expense 17,154 11,472 33,648 21,287
General and administrative 7,104 6,249 15,563 10,985
Operating expenses 30,341 20,519 60,800 42,608
Depreciation and amortization 37,725 28,123 76,301 56,056
Acquisition expenses 0 5,242 0 10,647
Total expenses 92,324 71,605 186,312 141,583
Income before equity in income of unconsolidated entities and (loss) gain on sale of investment properties: 14,665 4,994 25,900 11,682
Equity in income of unconsolidated entities 29 29 57 57
(Loss) gain on sale of investment properties (2,632) 5,308 (2,563) 5,308
Net income 12,062 10,331 23,394 17,047
Net income attributable to noncontrolling interests:        
Partially owned properties [2] (144) (159) (255) (326)
Net income attributable to controlling interests 11,918 10,172 23,139 16,721
Preferred distributions (284) (188) (771) (399)
Net income attributable to common shareholders $ 11,634 $ 9,984 $ 22,368 $ 16,322
Net income per share:        
Earnings per unit - basic (dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.11
Earnings per unit - diluted (dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.11
Weighted average common shares:        
Weighted average limited partnership units outstanding, basic (in shares) 187,394,619 160,765,345 187,329,702 151,520,407
Weighted average common shares - diluted (in shares) 187,431,132 161,012,360 187,387,211 151,912,432
Distributions declared per common unit (dollars per share) $ 0.230 $ 0.230 $ 0.460 $ 0.455
[1]
Includes amounts attributable to redeemable noncontrolling interests.

[2] Includes amounts attributable to redeemable noncontrolling interests.