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HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Rental and other revenues $ 204,738 $ 207,291 $ 416,013 $ 420,043
Operating expenses:        
Rental property and other expenses 64,559 66,307 134,994 132,038
Depreciation and amortization 73,745 75,018 147,416 145,651
General and administrative 9,357 9,380 21,856 21,795
Total operating expenses 147,661 150,705 304,266 299,484
Interest expense 35,904 34,063 72,456 67,161
Other income 7,455 1,181 8,687 2,328
Gains on disposition of property 35,022 19,368 42,231 19,818
Gain on deconsolidation of affiliate 0 0 0 11,778
Equity in earnings of unconsolidated affiliates 1,120 798 1,774 1,502
Net income 64,770 43,870 91,983 88,824
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,281) (947) (1,814) (1,933)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 2 (4) 7 483
Dividends on Preferred Stock (621) (621) (1,242) (1,242)
Net income available for common stockholders $ 62,870 $ 42,298 $ 88,934 $ 86,132
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.59 $ 0.40 $ 0.84 $ 0.82
Weighted average Common Shares outstanding - basic (in shares) 105,996 105,457 105,900 105,373
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.59 $ 0.40 $ 0.84 $ 0.82
Weighted average Common Shares outstanding - diluted (in shares) 108,147 107,808 108,053 107,728