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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - 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        
Rental income $ 734,163 $ 717,309 $ 1,464,981 $ 1,422,397
EXPENSES        
Property and maintenance 126,498 124,771 261,128 262,350
Real estate taxes and insurance 105,571 103,080 214,498 209,749
Property management 33,511 30,679 68,969 62,145
General and administrative 18,631 18,876 34,351 35,041
Depreciation 224,398 221,355 450,093 437,185
Total expenses 508,609 498,761 1,029,039 1,006,470
Net gain (loss) on sales of real estate properties 39,809 (87) 227,994 100,122
Interest and other income 1,328 2,131 10,657 3,669
Other expenses (13,385) (6,564) (45,123) (15,559)
Interest:        
Expense incurred, net (65,828) (65,590) (133,040) (131,991)
Amortization of deferred financing costs (1,918) (2,017) (3,836) (3,996)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 185,560 146,421 492,594 368,172
Income and other tax (expense) benefit (331) (336) (635) (634)
Income (loss) from investments in unconsolidated entities (1,674) (1,223) (3,372) (2,605)
Net income 183,555 144,862 488,587 364,933
Net (income) loss attributable to Noncontrolling Interests:        
Operating Partnership (5,003) (4,554) (13,278) (11,613)
Partially Owned Properties (1,069) (1,105) (2,039) (2,082)
Net income attributable to controlling interests 177,483 139,203 473,270 351,238
Preferred distributions (355) (773) (902) (1,545)
Premium on redemption of Preferred Shares     (1,444)  
Net income available to Common Shares $ 177,128 $ 138,430 $ 470,924 $ 349,693
Earnings per share – basic:        
Net income available to Common Shares $ 0.47 $ 0.37 $ 1.24 $ 0.92
Weighted average Common Shares outstanding 378,578 378,642 378,699 378,492
Earnings per share – diluted:        
Net income available to Common Shares $ 0.47 $ 0.37 $ 1.24 $ 0.92
Weighted average Common Shares outstanding 390,542 391,187 390,548 391,063