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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Lease income $ 295,756 $ 283,303 $ 882,265 $ 826,390
Other property income 2,466 4,401 8,290 9,428
Management, transaction, and other fees 5,767 19,671 18,950 33,419
Total revenues 303,989 307,375 909,505 869,237
Operating expenses:        
Depreciation and amortization 80,270 75,459 237,462 226,935
Operating and maintenance 49,577 43,468 143,788 135,616
General and administrative 20,273 17,789 56,710 58,263
Real estate taxes 37,926 35,779 111,495 107,392
Other operating expenses 949 812 3,739 2,687
Total operating expenses 188,995 173,307 553,194 530,893
Other expense (income):        
Interest expense, net 36,361 35,993 109,798 108,741
Provision for impairment of real estate, net of tax   (20)   115
Gain on sale of real estate, net of tax (220) (6,719) (106,459) (38,198)
Net investment loss (income) 1,215 209 9,177 (3,275)
Total other expense (income) 37,356 29,463 12,516 67,383
Income from operations before equity in income of investments in real estate partnerships 77,638 104,605 343,795 270,961
Equity in income of investments in real estate partnerships 11,209 14,243 47,855 26,344
Net income 88,847 118,848 391,650 297,305
Noncontrolling interests:        
Exchangeable operating partnership units (379) (519) (1,694) (1,315)
Limited partners' interests in consolidated partnerships (890) (923) (2,354) (2,438)
Income attributable to noncontrolling interests (1,269) (1,442) (4,048) (3,753)
Net income attributable to common stockholders $ 87,578 $ 117,406 $ 387,602 $ 293,552
Income per common share - basic $ 0.51 $ 0.69 $ 2.26 $ 1.73
Income per common share - diluted $ 0.51 $ 0.69 $ 2.26 $ 1.72
Partnership Interest [Member]        
Revenues:        
Lease income $ 295,756 $ 283,303 $ 882,265 $ 826,390
Other property income 2,466 4,401 8,290 9,428
Management, transaction, and other fees 5,767 19,671 18,950 33,419
Total revenues 303,989 307,375 909,505 869,237
Operating expenses:        
Depreciation and amortization 80,270 75,459 237,462 226,935
Operating and maintenance 49,577 43,468 143,788 135,616
General and administrative 20,273 17,789 56,710 58,263
Real estate taxes 37,926 35,779 111,495 107,392
Other operating expenses 949 812 3,739 2,687
Total operating expenses 188,995 173,307 553,194 530,893
Other expense (income):        
Interest expense, net 36,361 35,993 109,798 108,741
Provision for impairment of real estate, net of tax   (20)   115
Gain on sale of real estate, net of tax (220) (6,719) (106,459) (38,198)
Net investment loss (income) 1,215 209 9,177 (3,275)
Total other expense (income) 37,356 29,463 12,516 67,383
Income from operations before equity in income of investments in real estate partnerships 77,638 104,605 343,795 270,961
Equity in income of investments in real estate partnerships 11,209 14,243 47,855 26,344
Net income 88,847 118,848 391,650 297,305
Noncontrolling interests:        
Limited partners' interests in consolidated partnerships (890) (923) (2,354) (2,438)
Income attributable to noncontrolling interests (890) (923) (2,354) (2,438)
Net income attributable to common unit holders $ 87,957 $ 117,925 $ 389,296 $ 294,867
Income per common share - basic $ 0.51 $ 0.69 $ 2.26 $ 1.73
Income per common share - diluted $ 0.51 $ 0.69 $ 2.26 $ 1.72