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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental revenues $ 68,303   $ 145,386  
Rental revenues   $ 80,392   $ 159,279
Expense recoveries 24,171   50,213  
Expense recoveries   24,288   48,596
Interest income on real estate loans and other 2,429 2,309 4,672 4,337
Total revenues 94,903 106,989 200,271 212,212
Expenses:        
Interest expense 16,053 17,154 32,322 33,648
General and administrative 7,676 7,104 16,648 15,563
Operating expenses 30,636 30,341 62,844 60,800
Depreciation and amortization 36,285 37,725 72,734 76,301
Total expenses 90,650 92,324 184,548 186,312
Income before equity in income of unconsolidated entities and gain (loss) on sale of investment properties, net: 4,253 14,665 15,723 25,900
Equity in income of unconsolidated entities 30 29 60 57
Gain (loss) on sale of investment properties, net 3,033 (2,632) 3,033 (2,563)
Net income 7,316 12,062 18,816 23,394
Net income attributable to noncontrolling interests:        
Operating Partnership (200) (331) (505) (644)
Net income attributable to noncontrolling interests - partially owned properties [1] (136) (144) (274) (255)
Net income attributable to controlling interest 6,980 11,587 18,037 22,495
Preferred distributions (294) (284) (578) (771)
Net income attributable to common shareholders $ 6,686 $ 11,303 $ 17,459 $ 21,724
Net income per share:        
Basic (in dollars per share) $ 0.04 $ 0.06 $ 0.09 $ 0.12
Diluted (in dollars per share) $ 0.04 $ 0.06 $ 0.09 $ 0.12
Weighted average common shares:        
Weighted average common shares - basic (in shares) 185,239,471 182,002,062 183,963,257 181,906,348
Weighted average common shares - diluted (in shares) 190,815,892 187,431,132 189,699,284 187,387,211
Dividends and distributions declared per common share and OP Unit (in dollars per share) $ 0.23 $ 0.23 $ 0.46 $ 0.46
Operating Partnership        
Revenues:        
Rental revenues $ 68,303 $ 80,392 $ 145,386 $ 159,279
Expense recoveries 24,171 24,288 50,213 48,596
Interest income on real estate loans and other 2,429 2,309 4,672 4,337
Total revenues 94,903 106,989 200,271 212,212
Expenses:        
Interest expense 16,053 17,154 32,322 33,648
General and administrative 7,676 7,104 16,648 15,563
Operating expenses 30,636 30,341 62,844 60,800
Depreciation and amortization 36,285 37,725 72,734 76,301
Total expenses 90,650 92,324 184,548 186,312
Income before equity in income of unconsolidated entities and gain (loss) on sale of investment properties, net: 4,253 14,665 15,723 25,900
Equity in income of unconsolidated entities 30 29 60 57
Gain (loss) on sale of investment properties, net 3,033 (2,632) 3,033 (2,563)
Net income 7,316 12,062 18,816 23,394
Net income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests - partially owned properties [2] (136) (144) (274) (255)
Net income attributable to controlling interest 7,180 11,918 18,542 23,139
Preferred distributions (294) (284) (578) (771)
Net income attributable to common shareholders $ 6,886 $ 11,634 $ 17,964 $ 22,368
Net income per share:        
Earnings per unit - basic (in dollars per share) $ 0.04 $ 0.06 $ 0.09 $ 0.12
Earnings per unit - diluted (in dollars per share) $ 0.04 $ 0.06 $ 0.09 $ 0.12
Weighted average common shares:        
Weighted average common units - basic (in shares) 190,717,713 187,394,619 189,292,163 187,329,702
Weighted average common units - diluted (in shares) 190,815,892 187,431,132 189,699,284 187,387,211
Distributions declared per common unit (dollars per share) $ 0.23 $ 0.23 $ 0.46 $ 0.46
[1]
Includes amounts attributable to redeemable noncontrolling interests.

[2] Includes amounts attributable to redeemable noncontrolling interests.