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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Total revenues $ 443,255 $ 450,995 $ 1,329,896 $ 1,369,277
EXPENSES:        
Operating (236,149) (233,737) (691,753) (685,233)
Depreciation and amortization (116,006) (110,349) (334,439) (324,076)
General and administrative (35,511) (35,838) (111,883) (116,843)
Expense from deferred compensation plan liability (5,171) (1,631) (11,089) (7,541)
Transaction related costs and other 113 (813) (3,901) (1,501)
Total expenses (392,724) (382,368) (1,153,065) (1,135,194)
Income from partially owned entities 18,229 18,269 82,457 72,207
Interest and other investment income, net 12,391 14,717 34,626 37,454
Income from deferred compensation plan assets 5,171 1,631 11,089 7,541
Interest and debt expense (100,907) (88,126) (289,786) (261,528)
Net gains on disposition of wholly owned and partially owned assets 0 56,136 16,048 64,592
(Loss) income before income taxes (14,585) 71,254 31,265 154,349
Income tax expense (4,883) (11,684) (16,907) (20,848)
Net (loss) income (19,468) 59,570 14,358 133,501
Less net loss (income) attributable to noncontrolling interests in:        
Consolidated subsidiaries 14,152 13,541 40,024 26,250
Operating Partnership 1,690 (4,736) (724) (8,773)
Net (loss) income (3,626) 68,375 53,658 150,978
Preferred share dividends (15,528) (15,529) (46,586) (46,587)
NET (LOSS) INCOME $ (19,154) $ 52,846 $ 7,072 $ 104,391
(LOSS) INCOME PER COMMON SHARE - BASIC:        
Net (loss) income per common share (in dollars per share) $ (0.10) $ 0.28 $ 0.04 $ 0.55
Weighted average shares outstanding, basic (in shares) 190,556 190,364 190,493 191,228
(LOSS) INCOME PER COMMON SHARE - DILUTED:        
Net (loss) income per common share (in dollars per share) $ (0.10) $ 0.28 $ 0.04 $ 0.54
Weighted average shares outstanding, diluted (in shares) 190,556 192,921 195,473 193,845
Rental revenues        
REVENUES:        
Total revenues $ 387,470 $ 400,367 $ 1,170,343 $ 1,215,994
Fee and other income        
REVENUES:        
Total revenues $ 55,785 $ 50,628 $ 159,553 $ 153,283