XML 24 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Revenue, Product and Service [Extensible List] Service [Member] Service [Member]
REVENUES    
Rental income (Note 5) $ 290,104 $ 263,208
Other property income 2,698 2,293
Total revenues 292,802 265,501
EXPENSES    
Property expenses 53,780 45,424
Real estate taxes 28,228 25,870
Ground leases 2,369 1,826
General and administrative expenses (Note 4) 23,936 22,781
Leasing costs 1,372 1,013
Depreciation and amortization 93,676 88,660
Total expenses 203,361 185,574
OTHER INCOME (EXPENSES)    
Interest and other income, net 1,460 81
Interest expense (Note 2) (25,671) (20,625)
Total other expenses (24,211) (20,544)
NET INCOME 65,230 59,383
Net income attributable to noncontrolling common units of the Operating Partnership (560) (516)
Net income attributable to noncontrolling interests in consolidated property partnerships (8,062) (5,739)
Total income attributable to noncontrolling interests (8,622) (6,255)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 56,608 $ 53,128
Net income available to common stockholders per share – basic (in dollars per share) $ 0.48 $ 0.45
Net income available to common stockholders per share – diluted (in dollars per share) $ 0.48 $ 0.45
Weighted average common shares outstanding – basic (in shares) 117,059,329 116,650,228
Weighted average common shares outstanding – diluted (in shares) 117,406,518 117,060,094