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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Lease income $ 1,283,939 $ 1,187,452 $ 1,113,368
Other property income 11,573 10,719 12,456
Management, transaction, and other fees 26,954 25,851 40,337
Total revenues 1,322,466 1,224,022 1,166,161
Operating expenses:      
Depreciation and amortization 352,282 319,697 303,331
Property operating expense 229,209 196,148 184,553
Real estate taxes 165,560 149,795 142,129
General and administrative 97,806 79,903 78,218
Other operating expenses 9,459 6,166 5,751
Total operating expenses 854,316 751,709 713,982
Other expense (income):      
Interest expense, net 154,249 146,186 145,170
Provision for impairment of real estate     84,389
Gain on sale of real estate, net of tax (661) (109,005) (91,119)
Early extinguishment of debt (99)    
Net investment (income) loss (5,665) 6,921 (5,463)
Total other expense 147,824 44,102 132,977
Income from operations before equity in income of investments in real estate partnerships 320,326 428,211 319,202
Equity in income of investments in real estate partnerships (note 4) 50,541 59,824 47,086
Net income 370,867 488,035 366,288
Noncontrolling interests:      
Exchangeable operating partnership units (2,008) (2,105) (1,615)
Limited partners’ interests in consolidated partnerships (4,302) (3,065) (3,262)
Income attributable to noncontrolling interests (6,310) (5,170) (4,877)
Net income attributable to the Company 364,557 482,865 361,411
Preferred stock dividends (5,057)    
Net income attributable to common shareholders $ 359,500 $ 482,865 $ 361,411
Income per common share - basic (note 15) $ 2.04 $ 2.82 $ 2.12
Income per common share - diluted (note 15) $ 2.04 $ 2.81 $ 2.12
Partnership Interest [Member]      
Revenues:      
Lease income $ 1,283,939 $ 1,187,452 $ 1,113,368
Other property income 11,573 10,719 12,456
Management, transaction, and other fees 26,954 25,851 40,337
Total revenues 1,322,466 1,224,022 1,166,161
Operating expenses:      
Depreciation and amortization 352,282 319,697 303,331
Property operating expense 229,209 196,148 184,553
Real estate taxes 165,560 149,795 142,129
General and administrative 97,806 79,903 78,218
Other operating expenses 9,459 6,166 5,751
Total operating expenses 854,316 751,709 713,982
Other expense (income):      
Interest expense, net 154,249 146,186 145,170
Provision for impairment of real estate     84,389
Gain on sale of real estate, net of tax (661) (109,005) (91,119)
Early extinguishment of debt (99)    
Net investment (income) loss (5,665) 6,921 (5,463)
Total other expense 147,824 44,102 132,977
Income from operations before equity in income of investments in real estate partnerships 320,326 428,211 319,202
Equity in income of investments in real estate partnerships (note 4) 50,541 59,824 47,086
Net income 370,867 488,035 366,288
Noncontrolling interests:      
Limited partners’ interests in consolidated partnerships (4,302) (3,065) (3,262)
Income attributable to noncontrolling interests (4,302) (3,065) (3,262)
Net income attributable to the Company 366,565 484,970 363,026
Preferred unit distributions and issuance costs (5,057)    
Net income attributable to common unit holders $ 361,508 $ 484,970 $ 363,026
Income per common unit - basic (note 15): $ 2.04 $ 2.82 $ 2.12
Income per common unit - diluted (note 15): $ 2.04 $ 2.81 $ 2.12