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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE        
Rental income $ 175,479 $ 229,731 $ 406,277 $ 461,223
Mortgage interest income 748 734 1,507 1,469
Total revenue 176,227 230,465 407,784 462,692
EXPENSES        
Rental expenses 36,417 41,438 80,729 85,698
Real estate taxes 30,599 25,166 59,663 52,853
General and administrative 9,814 11,422 20,065 20,987
Depreciation and amortization 62,784 59,057 124,972 118,679
Total operating expenses 139,614 137,083 285,429 278,217
Gain on sale of real estate, net of tax 11,682 16,197 11,682 16,197
OPERATING INCOME 48,295 109,579 134,037 200,672
OTHER INCOME/(EXPENSE)        
Other interest income 509 189 817 366
Interest expense (34,073) (27,482) (62,518) (55,515)
(Loss) income from partnerships (3,872) 381 (5,036) (1,053)
NET INCOME 10,859 82,667 67,300 144,470
Net income attributable to noncontrolling interests (352) (1,765) (2,030) (3,424)
NET INCOME ATTRIBUTABLE TO THE TRUST 10,507 80,902 65,270 141,046
Dividends on preferred shares (2,011) (2,011) (4,021) (4,021)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 8,496 $ 78,891 $ 61,249 $ 137,025
EARNINGS PER COMMON SHARE, BASIC AND DILUTED:        
Net income available for common shareholders $ 0.11 $ 1.05 $ 0.81 $ 1.83
Weighted average number of common shares 75,394 74,713 75,377 74,458
COMPREHENSIVE INCOME $ 10,366 $ 82,268 $ 60,355 $ 143,862
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 10,014 $ 80,503 $ 58,325 $ 140,438