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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Revenues from rental properties $ 292,843 $ 287,115 $ 582,234 $ 580,206
Management and other fee income 4,333 4,373 8,530 8,484
Total revenues 297,176 291,488 590,764 588,690
Operating expenses        
Rent 2,765 2,728 5,548 5,546
Real estate taxes 38,747 35,791 77,016 70,263
Operating and maintenance 35,435 33,223 69,665 67,776
General and administrative 27,233 29,928 57,807 61,857
Provision for doubtful accounts 2,096 1,185 3,500 4,660
Impairment charges     31,336 58,053
Depreciation and amortization 95,270 82,753 187,344 167,609
Total operating expenses 231,265 237,821 432,216 435,764
Operating income 65,911 53,667 158,548 152,926
Other income/(expense)        
Other income/(expense), net 1,439 (1,012) 2,712 (1,182)
Interest expense (46,090) (50,479) (92,572) (102,930)
Income from continuing operations before income taxes, net, equity in income of joint ventures, net, gain on change in control of interests and equity in income from other real estate investments, net 21,260 2,176 68,688 48,814
Benefit/(provision) for income taxes, net 1,034 246 1,527 (11,866)
Gain on change in control of interests 60,972 46,512 71,160 46,512
Equity in income of joint ventures, net 13,200 108,700 27,902 178,618
Income from continuing operations 134,791 165,578 211,320 280,836
Gain on sale of operating properties, net of tax 19,883 39,268 21,569 66,164
Net income 154,674 204,846 232,889 347,000
Net income attributable to noncontrolling interests (11,258) (1,437) (12,740) (2,878)
Net income attributable to the Company 143,416 203,409 220,149 344,122
Preferred stock dividends (11,555) (11,555) (23,110) (23,110)
Net income available to the Company's common shareholders $ 131,861 $ 191,854 $ 197,039 $ 321,012
Net income available to the Company:        
-Basic (in dollars per share) $ 0.31 $ 0.46 $ 0.46 $ 0.77
-Diluted (in dollars per share) $ 0.31 $ 0.46 $ 0.46 $ 0.77
Weighted average shares:        
-Basic (in shares) 423,650 417,748 423,516 415,189
-Diluted (in shares) 424,944 419,302 424,084 416,732
Joint Ventures [Member]        
Other income/(expense)        
Equity in income of joint ventures, net $ 13,169 $ 108,685 $ 27,902 $ 178,618
Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income of joint ventures, net 38,356 7,959 42,043 18,758
Continuing Operations [Member]        
Operating expenses        
Impairment charges $ 29,719 $ 52,213 $ 31,336 $ 58,053