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HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Rental and other revenues $ 207,095 $ 206,997 $ 627,138 $ 617,216
Operating expenses:        
Rental property and other expenses 67,193 66,334 199,231 190,125
Depreciation and amortization 74,765 73,057 220,416 212,466
Impairments of real estate assets 0 1,515 0 36,515
General and administrative 8,873 9,586 30,668 32,733
Total operating expenses 150,831 150,492 450,315 471,839
Interest expense 34,247 26,392 101,408 75,812
Other income 754 138 3,082 621
Gains on disposition of property 0 9,402 19,818 63,546
Gain on deconsolidation of affiliate 0 0 11,778 0
Equity in earnings of unconsolidated affiliates 400 457 1,902 1,083
Net income 23,171 40,110 111,995 134,815
Net (income) attributable to noncontrolling interests in the Operating Partnership (453) (881) (2,386) (3,049)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 5 (357) 488 (880)
Dividends on Preferred Stock (622) (621) (1,864) (1,864)
Net income available for common stockholders $ 22,101 $ 38,251 $ 108,233 $ 129,022
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.21 $ 0.36 $ 1.03 $ 1.23
Weighted average Common Shares outstanding - basic (in shares) 105,671 105,184 105,473 105,094
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.21 $ 0.36 $ 1.03 $ 1.23
Weighted average Common Shares outstanding - diluted (in shares) 107,832 107,601 107,762 107,570