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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Lease income $ 292,864 $ 276,730 $ 586,509 $ 543,087
Other property income 2,720 3,074 5,824 5,027
Management, transaction, and other fees 6,499 7,355 13,183 13,748
Total revenues 302,083 287,159 605,516 561,862
Operating expenses:        
Depreciation and amortization 79,350 74,217 157,192 151,476
Operating and maintenance 47,750 46,566 94,211 92,148
General and administrative 17,645 19,187 36,437 40,474
Real estate taxes 36,700 35,447 73,569 71,613
Other operating expenses 617 1,177 2,790 1,875
Total operating expenses 182,062 176,594 364,199 357,586
Other expense (income):        
Interest expense, net 36,699 35,812 73,437 72,748
Provision for impairment of real estate, net of tax   135   135
Gain on sale of real estate, net of tax (4,291) (19,781) (106,239) (31,479)
Net investment loss (income) 5,468 (1,998) 7,962 (3,484)
Total other expense (income) 37,876 14,168 (24,840) 37,920
Income from operations before equity in income of investments in real estate partnerships 82,145 96,397 266,157 166,356
Equity in income of investments in real estate partnerships 23,842 435 36,646 12,101
Net income 105,987 96,832 302,803 178,457
Noncontrolling interests:        
Exchangeable operating partnership units (452) (432) (1,315) (796)
Limited partners' interests in consolidated partnerships (739) (910) (1,464) (1,515)
Income attributable to noncontrolling interests (1,191) (1,342) (2,779) (2,311)
Net income attributable to common stockholders $ 104,796 $ 95,490 $ 300,024 $ 176,146
Income per common share - basic $ 0.61 $ 0.56 $ 1.75 $ 1.04
Income per common share - diluted $ 0.61 $ 0.56 $ 1.74 $ 1.04
Partnership Interest [Member]        
Revenues:        
Lease income $ 292,864 $ 276,730 $ 586,509 $ 543,087
Other property income 2,720 3,074 5,824 5,027
Management, transaction, and other fees 6,499 7,355 13,183 13,748
Total revenues 302,083 287,159 605,516 561,862
Operating expenses:        
Depreciation and amortization 79,350 74,217 157,192 151,476
Operating and maintenance 47,750 46,566 94,211 92,148
General and administrative 17,645 19,187 36,437 40,474
Real estate taxes 36,700 35,447 73,569 71,613
Other operating expenses 617 1,177 2,790 1,875
Total operating expenses 182,062 176,594 364,199 357,586
Other expense (income):        
Interest expense, net 36,699 35,812 73,437 72,748
Provision for impairment of real estate, net of tax   135   135
Gain on sale of real estate, net of tax (4,291) (19,781) (106,239) (31,479)
Net investment loss (income) 5,468 (1,998) 7,962 (3,484)
Total other expense (income) 37,876 14,168 (24,840) 37,920
Income from operations before equity in income of investments in real estate partnerships 82,145 96,397 266,157 166,356
Equity in income of investments in real estate partnerships 23,842 435 36,646 12,101
Net income 105,987 96,832 302,803 178,457
Noncontrolling interests:        
Limited partners' interests in consolidated partnerships (739) (910) (1,464) (1,515)
Income attributable to noncontrolling interests (739) (910) (1,464) (1,515)
Net income attributable to common unit holders $ 105,248 $ 95,922 $ 301,339 $ 176,942
Income per common share - basic $ 0.61 $ 0.56 $ 1.75 $ 1.04
Income per common share - diluted $ 0.61 $ 0.56 $ 1.74 $ 1.04