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HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Rental and other revenues $ 207,291 $ 203,841 $ 420,043 $ 410,219
Operating expenses:        
Rental property and other expenses 66,307 62,369 132,038 123,791
Depreciation and amortization 75,018 69,742 145,651 139,409
Impairments of real estate assets 0 35,000 0 35,000
General and administrative 9,380 9,591 21,795 23,147
Total operating expenses 150,705 176,702 299,484 321,347
Interest expense 34,063 25,027 67,161 49,420
Other income 1,181 120 2,328 483
Gains on disposition of property 19,368 50,044 19,818 54,144
Gain on deconsolidation of affiliate 0 0 11,778 0
Equity in earnings of unconsolidated affiliates 798 326 1,502 626
Net income 43,870 52,602 88,824 94,705
Net (income) attributable to noncontrolling interests in the Operating Partnership (947) (1,203) (1,933) (2,168)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (4) (266) 483 (523)
Dividends on Preferred Stock (621) (622) (1,242) (1,243)
Net income available for common stockholders $ 42,298 $ 50,511 $ 86,132 $ 90,771
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.40 $ 0.48 $ 0.82 $ 0.86
Weighted average Common Shares outstanding - basic (in shares) 105,457 105,163 105,373 105,049
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.40 $ 0.48 $ 0.82 $ 0.86
Weighted average Common Shares outstanding - diluted (in shares) 107,808 107,654 107,728 107,554