Consolidated Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly consolidated financial data

CONSOLIDATED QUARTERLY FINANCIAL DATA

(dollars in thousands, except per share data) (unaudited)

(not covered by Report of Independent Registered Public Accounting Firm)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year
2020
Total revenue(1)	$	414,341	$	414,636	$	404,572	$	418,076	$	1,651,625
Depreciation and amortization expense	164,585		168,328		169,084		175,041		677,038
Interest expense	75,925		77,841		76,806		78,764		309,336
Other expenses(2)	53,811		62,222		151,611		72,099		339,743
Net income	147,143		108,070		23,143		118,150		396,506
Net income available to common stockholders	146,827		107,824		22,904		117,931		395,486
Net income per common share
Basic	0.44		0.31		0.07		0.33		1.15
Diluted	0.44		0.31		0.07		0.33		1.14
Dividends paid per common share	0.6925		0.6990		0.7005		0.7020		2.7940
2019
Total revenue	$	354,365	$	365,450	$	374,247	$	397,529	$	1,491,591
Depreciation and amortization expense	137,517		150,426		149,424		156,594		593,961
Interest expense	70,020		72,488		73,410		75,073		290,991
Other expenses(2)	42,861		54,143		52,139		52,269		201,412
Net income	111,230		95,420		101,275		129,553		437,478
Net income available to common stockholders	110,942		95,194		101,049		129,297		436,482
Net income per common share
Basic and diluted	0.37		0.31		0.32		0.39		1.38
Dividends paid per common share	0.6720		0.6780		0.6795		0.6810		2.7105

(1) Total revenue for the second half of 2020 was negatively impacted by rent reserves recorded as reductions of rental revenue.

(2) Other expenses can vary among quarters, primarily due to provisions for impairment, gains on sales of real estate, and foreign currency gains and losses.