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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES:        
Total revenues $ 450,266 $ 472,359 $ 886,641 $ 918,282
EXPENSES:        
Operating (229,380) (222,723) (455,604) (451,496)
Depreciation and amortization (109,774) (107,162) (218,433) (213,727)
General and administrative (38,475) (39,410) (76,372) (81,005)
Expense from deferred compensation plan liability (1,398) (2,182) (5,918) (5,910)
Transaction related costs and other (3,361) (30) (4,014) (688)
Total expenses (382,388) (371,507) (760,341) (752,826)
Income from partially owned entities 47,949 37,272 64,228 53,938
Interest and other investment income, net 10,511 13,153 22,235 22,737
Income from deferred compensation plan assets 1,398 2,182 5,918 5,910
Interest and debt expense (98,401) (87,165) (188,879) (173,402)
Net gains on disposition of wholly owned and partially owned assets 16,048 936 16,048 8,456
Income before income taxes 45,383 67,230 45,850 83,095
Income tax expense (5,284) (4,497) (12,024) (9,164)
Net income 40,099 62,733 33,826 73,931
Less net loss (income) attributable to noncontrolling interests in:        
Consolidated subsidiaries 13,890 2,781 25,872 12,709
Operating Partnership (3,200) (3,608) (2,414) (4,037)
Net income 50,789 61,906 57,284 82,603
Preferred dividends (15,529) (15,529) (31,058) (31,058)
NET INCOME $ 35,260 $ 46,377 $ 26,226 $ 51,545
INCOME PER COMMON SHARE - BASIC:        
Net (loss) income per common share (in dollars per share) $ 0.19 $ 0.24 $ 0.14 $ 0.27
Weighted average shares outstanding, basic (in shares) 190,492 191,468 190,460 191,668
INCOME PER COMMON SHARE - DILUTED:        
Net (loss) income per common share (in dollars per share) $ 0.18 $ 0.24 $ 0.13 $ 0.27
Weighted average shares outstanding, diluted (in shares) 194,405 194,804 194,518 194,364
Rental revenues        
REVENUES:        
Total revenues $ 393,595 $ 418,834 $ 782,873 $ 815,627
Fee and other income        
REVENUES:        
Total revenues $ 56,671 $ 53,525 $ 103,768 $ 102,655