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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Rental income $ 682,305 $ 662,302
Fee and asset management $ 24 $ 192
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 682,329 $ 662,494
EXPENSES    
Property and maintenance 115,816 115,070
Real estate taxes and insurance 97,732 91,442
Property management 27,709 26,396
General and administrative 14,518 15,381
Depreciation 212,422 204,215
Total expenses 468,197 452,504
Net gain (loss) on sales of real estate properties 207,977 (21)
Operating income 422,109 209,969
Interest and other income 1,936 581
Other expenses (2,533) (3,275)
Interest:    
Expense incurred, net (85,590) (94,938)
Amortization of deferred financing costs (2,041) (2,136)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 333,881 110,201
Income and other tax (expense) benefit (53) (238)
Income (loss) from investments in unconsolidated entities (1,157) (707)
Net gain (loss) on sales of land parcels   1
Net income 332,671 109,257
Net (income) loss attributable to Noncontrolling Interests:    
Operating Partnership (11,535) (3,919)
Partially Owned Properties (12,530) (799)
Net income attributable to controlling interests 308,606 104,539
Preferred distributions (773) (773)
Net income available to Common Shares $ 307,833 $ 103,766
Earnings per share – basic:    
Net income available to Common Shares $ 0.83 $ 0.28
Weighted average Common Shares outstanding 371,582 369,558
Earnings per share – diluted:    
Net income available to Common Shares $ 0.83 $ 0.28
Weighted average Common Shares outstanding 386,949 385,184