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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental revenues $ 77,870 $ 77,083
Expense recoveries 24,876 26,042
Interest income on real estate loans and other 4,682 2,243
Total revenues 107,428 105,368
Expenses:    
Interest expense 15,626 16,269
General and administrative 8,977 8,972
Operating expenses 30,963 32,208
Depreciation and amortization 36,747 36,449
Total expenses 92,313 93,898
Income before equity in (loss) income of unconsolidated entities: 15,115 11,470
Equity in (loss) income of unconsolidated entities (155) 30
Net income 14,960 11,500
Net income attributable to noncontrolling interests:    
Operating Partnership (404) (305)
Net income attributable to noncontrolling interests - partially owned properties [1] (142) (138)
Net income attributable to controlling interest 14,414 11,057
Preferred distributions (317) (284)
Net income attributable to common shareholders $ 14,097 $ 10,773
Net income per share:    
Basic (in dollars per share) $ 0.07 $ 0.06
Diluted (in dollars per share) $ 0.07 $ 0.06
Weighted average common shares:    
Weighted average common shares - basic (in shares) 196,211,728 182,672,863
Weighted average common shares - diluted (in shares) 202,842,340 188,497,308
Dividends and distributions declared per common share and OP Unit (in dollars per share) $ 0.23 $ 0.23
Operating Partnership    
Revenues:    
Rental revenues $ 77,870 $ 77,083
Expense recoveries 24,876 26,042
Interest income on real estate loans and other 4,682 2,243
Total revenues 107,428 105,368
Expenses:    
Interest expense 15,626 16,269
General and administrative 8,977 8,972
Operating expenses 30,963 32,208
Depreciation and amortization 36,747 36,449
Total expenses 92,313 93,898
Income before equity in (loss) income of unconsolidated entities: 15,115 11,470
Equity in (loss) income of unconsolidated entities (155) 30
Net income 14,960 11,500
Net income attributable to noncontrolling interests:    
Net income attributable to noncontrolling interests - partially owned properties [2] (142) (138)
Net income attributable to controlling interest 14,818 11,362
Preferred distributions (317) (284)
Net income attributable to common shareholders $ 14,501 $ 11,078
Net income per share:    
Earnings per unit - basic (in dollars per share) $ 0.07 $ 0.06
Earnings per unit - diluted (in dollars per share) $ 0.07 $ 0.06
Weighted average common shares:    
Weighted average common units - basic (in shares) 201,874,852 187,850,775
Weighted average common units - diluted (in shares) 202,842,340 188,497,308
Distributions declared per common unit (dollars per share) $ 0.23 $ 0.23
[1]
Includes amounts attributable to redeemable noncontrolling interests.

[2] Includes amounts attributable to redeemable noncontrolling interests.