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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUE      
Rental Income $ 895,698 $ 841,461 $ 786,583
Other property income 16,589 12,825 11,015
Mortgage interest income 3,149 3,062 3,993
Total revenue 915,436 857,348 801,591
EXPENSES      
Rental expenses 173,094 164,890 158,326
Real estate taxes 114,776 107,839 95,286
General and administrative 33,600 36,281 33,399
Depreciation and amortization 244,245 216,050 193,585
Total operating expenses 565,715 525,060 480,596
OPERATING INCOME 349,721 332,288 320,995
Other interest income 942 475 374
Interest expense (110,154) (100,125) (94,994)
Early extinguishment of debt 0 (12,273) 0
(Loss) income from real estate partnerships (3,398) (417) 50
INCOME FROM CONTINUING OPERATIONS 237,111 219,948 226,425
Gain on sale of real estate and change in control of interests, net 11,915 77,922 32,458
Net income 249,026 297,870 258,883
Net income attributable to noncontrolling interests (7,119) (7,956) (8,973)
NET INCOME ATTRIBUTABLE TO THE TRUST 241,907 289,914 249,910
Dividends on preferred shares (8,042) (2,458) (541)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 233,865 $ 287,456 $ 249,369
EARNINGS PER COMMON SHARE, BASIC      
Net income available for common shareholders $ 3.18 $ 3.97 $ 3.51
Weighted average common shares outstanding, basic 73,274 72,117 70,877
EARNINGS PER COMMON SHARE, DILUTED      
Net income available for common shareholders $ 3.18 $ 3.97 $ 3.50
Weighted average number of common shares 73,302 72,233 71,049
Comprehensive Income      
Net income $ 249,026 $ 297,870 $ 258,883
Other comprehensive (loss) income - change in value of interest rate swaps (438) 2,599 1,533
COMPREHENSIVE INCOME 248,588 300,469 260,416
Comprehensive income attributable to noncontrolling interests (7,119) (7,956) (8,973)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 241,469 $ 292,513 $ 251,443