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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUE      
Rental Income $ 841,461 $ 786,583 $ 727,812
Other property income 12,825 11,015 11,810
Mortgage interest income 3,062 3,993 4,390
Total revenue 857,348 801,591 744,012
EXPENSES      
Rental expenses 164,890 158,326 147,593
Real estate taxes 107,839 95,286 85,824
General and administrative 36,281 33,399 35,645
Depreciation and amortization 216,050 193,585 174,796
Total operating expenses 525,060 480,596 443,858
OPERATING INCOME 332,288 320,995 300,154
Other interest income 475 374 149
Interest expense (100,125) (94,994) (92,553)
Early extinguishment of debt (12,273) 0 (19,072)
(Loss) income from real estate partnerships (417) 50 1,416
INCOME FROM CONTINUING OPERATIONS 219,948 226,425 190,094
Gain on sale of real estate and change in control of interests, net 77,922 32,458 28,330
Net income 297,870 258,883 218,424
Net income attributable to noncontrolling interests (7,956) (8,973) (8,205)
NET INCOME ATTRIBUTABLE TO THE TRUST 289,914 249,910 210,219
Dividends on preferred shares (2,458) (541) (541)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 287,456 $ 249,369 $ 209,678
EARNINGS PER COMMON SHARE, BASIC      
Net income available for common shareholders $ 3.97 $ 3.51 $ 3.04
Weighted average common shares outstanding, basic 72,117 70,877 68,797
EARNINGS PER COMMON SHARE, DILUTED      
Net income available for common shareholders $ 3.97 $ 3.50 $ 3.03
Weighted average number of common shares, diluted 72,233 71,049 68,981
Comprehensive Income      
Net income $ 297,870 $ 258,883 $ 218,424
Other comprehensive income (loss) - change in value of interest rate swaps 2,599 1,533 (595)
COMPREHENSIVE INCOME 300,469 260,416 217,829
Comprehensive income attributable to noncontrolling interests (7,956) (8,973) (8,205)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 292,513 $ 251,443 $ 209,624