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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES (Note 1)        
Revenue $ 200,492 $ 187,072 $ 401,694 $ 369,894
EXPENSES        
Real estate taxes 17,926 17,813 36,565 34,959
Provision for bad debts (Note 1) 0 5,641 0 5,376
Ground leases (Notes 1 and 10) 2,114 1,586 4,086 3,147
General and administrative expenses 19,857 21,763 43,198 37,322
Leasing costs (Note 1) 2,650   4,407  
Depreciation and amortization 68,252 64,006 134,387 126,721
Total expenses 149,335 143,376 299,328 271,763
OTHER (EXPENSES) INCOME        
Interest income and other net investment gain (Note 11) 616 771 2,444 805
Interest expense (Note 4) (11,727) (12,712) (22,970) (26,210)
Gains on sales of depreciable operating properties (Note 2) 7,169 0 7,169 0
Total other (expenses) income (3,942) (11,941) (13,357) (25,405)
NET INCOME 47,215 31,755 89,009 72,726
Net income attributable to noncontrolling common units of the Operating Partnership (871) (566) (1,571) (1,317)
Net income attributable to noncontrolling interests in consolidated property partnerships (4,150) (3,640) (8,341) (7,614)
Total income attributable to noncontrolling interests (5,021) (4,206) (9,912) (8,931)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 42,194 $ 27,549 $ 79,097 $ 63,795
Net income available to common stockholders per share – basic (in dollars per share) $ 0.41 $ 0.27 $ 0.77 $ 0.63
Net income available to common stockholders per share – diluted (in dollars per share) $ 0.41 $ 0.27 $ 0.77 $ 0.63
Weighted average common shares outstanding – basic (in shares) 100,972,355 99,691,700 100,937,069 99,220,577
Weighted average common shares outstanding – diluted (in shares) 101,809,541 100,150,856 101,618,953 99,687,682
Rental income [Member]        
REVENUES (Note 1)        
Revenue $ 197,629 $ 164,515 $ 397,011 $ 327,386
Tenant reimbursements [Member]        
REVENUES (Note 1)        
Revenue 0 19,567 0 38,717
Other property income [Member]        
REVENUES (Note 1)        
Revenue 2,863 2,990 4,683 3,791
Property [Member]        
EXPENSES        
Property expenses (Note 1) $ 38,536 $ 32,567 $ 76,685 $ 64,238