XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES:    
Total revenues $ 436,375 $ 445,923
EXPENSES:    
Operating (226,224) (228,773)
Depreciation and amortization (108,659) (106,565)
General and administrative (37,897) (41,595)
Expense from deferred compensation plan liability (4,520) (3,728)
Transaction related costs and other (653) (658)
Total expenses (377,953) (381,319)
Income from partially owned entities 16,279 16,666
Interest and other investment income, net 11,724 9,584
Income from deferred compensation plan assets 4,520 3,728
Interest and debt expense (90,478) (86,237)
Net gains on disposition of wholly owned and partially owned assets 0 7,520
Income before income taxes 467 15,865
Income tax expense (6,740) (4,667)
Net (loss) income (6,273) 11,198
Less net loss (income) attributable to noncontrolling interests in:    
Consolidated subsidiaries 11,982 9,928
Operating Partnership 786 (429)
Net income 6,495 20,697
Preferred dividends (15,529) (15,529)
NET (LOSS) INCOME $ (9,034) $ 5,168
(LOSS) INCOME PER COMMON SHARE - BASIC:    
Net (loss) income per common share (in dollars per share) $ (0.05) $ 0.03
Weighted average shares outstanding, basic (in shares) 190,429 191,869
(LOSS) INCOME PER COMMON SHARE - DILUTED:    
Net (loss) income per common share (in dollars per share) $ (0.05) $ 0.03
Weighted average shares outstanding, diluted (in shares) 190,429 191,881
Rental revenues    
REVENUES:    
Total revenues $ 389,278 $ 396,793
Fee and other income    
REVENUES:    
Total revenues $ 47,097 $ 49,130