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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUE        
Rental income $ 223,777 $ 212,048 $ 664,834 $ 620,741
Other property income 5,183 5,171 12,942 10,429
Mortgage interest income 793 734 2,284 2,221
Total revenue 229,753 217,953 680,060 633,391
EXPENSES        
Rental expenses 41,909 41,250 126,587 119,487
Real estate taxes 29,086 27,492 85,841 79,104
General and administrative 7,638 9,103 23,980 26,013
Depreciation and amortization 60,778 55,611 177,269 159,656
Total operating expenses 139,411 133,456 413,677 384,260
OPERATING INCOME 90,342 84,497 266,383 249,131
Other interest income 319 79 657 253
Interest expense (28,166) (26,287) (82,116) (73,952)
Loss from real estate partnerships (1,440) (182) (2,693) (296)
INCOME FROM CONTINUING OPERATIONS 61,055 58,107 182,231 175,136
Gain on sale of real estate, net 3,125 50,775 10,413 69,949
NET INCOME 64,180 108,882 192,644 245,085
Net income attributable to noncontrolling interests (1,622) (2,105) (5,244) (5,827)
NET INCOME ATTRIBUTABLE TO THE TRUST 62,558 106,777 187,400 239,258
Dividends on preferred shares (2,010) (177) (6,031) (448)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 60,548 $ 106,600 $ 181,369 $ 238,810
EARNINGS PER COMMON SHARE, BASIC:        
Net income available for common shareholders $ 0.82 $ 1.47 $ 2.47 $ 3.31
Weighted average number of common shares 73,400 72,091 73,100 71,983
EARNINGS PER COMMON SHARE, DILUTED:        
Net income available for common shareholders $ 0.82 $ 1.47 $ 2.47 $ 3.30
Weighted average number of common shares 73,408 72,206 73,136 72,110
COMPREHENSIVE INCOME $ 63,895 $ 109,240 $ 192,749 $ 246,920
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 62,273 $ 107,135 $ 187,505 $ 241,093