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HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Rental and other revenues $ 204,323 $ 207,095 $ 620,336 $ 627,138
Operating expenses:        
Rental property and other expenses 65,706 67,193 200,700 199,231
Depreciation and amortization 79,116 74,765 226,532 220,416
General and administrative 9,898 8,873 31,754 30,668
Total operating expenses 154,720 150,831 458,986 450,315
Interest expense 37,472 34,247 109,928 101,408
Other income 1,872 754 10,559 3,082
Gains on disposition of property 350 0 42,581 19,818
Gain on deconsolidation of affiliate 0 0 0 11,778
Equity in earnings of unconsolidated affiliates 1,116 400 2,890 1,902
Net income 15,469 23,171 107,452 111,995
Net (income) attributable to noncontrolling interests in the Operating Partnership (297) (453) (2,111) (2,386)
Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488
Dividends on Preferred Stock (622) (622) (1,864) (1,864)
Net income available for common stockholders $ 14,558 $ 22,101 $ 103,492 $ 108,233
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.14 $ 0.21 $ 0.98 $ 1.03
Weighted average Common Shares outstanding - basic (in shares) 106,010 105,671 105,937 105,473
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.14 $ 0.21 $ 0.98 $ 1.03
Weighted average Common Shares outstanding - diluted (in shares) 108,161 107,832 108,089 107,762