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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Lease income $ 308,801 $ 293,645
Other property income 3,138 3,104
Management, transaction, and other fees 6,038 6,684
Total revenues 317,977 303,433
Operating expenses:    
Depreciation and amortization 82,707 77,842
Property operating expense 51,022 46,461
Real estate taxes 38,477 36,869
General and administrative 25,280 18,792
Other operating (income) expenses (497) 2,173
Total operating expenses 196,989 182,137
Other expense (income):    
Interest expense, net 36,393 36,738
Gain on sale of real estate, net of tax (250) (101,948)
Net investment (income) loss (1,727) 2,494
Total other expense (income) 34,416 (62,716)
Income from operations before equity in income of investments in real estate partnerships 86,572 184,012
Equity in income of investments in real estate partnerships 11,916 12,804
Net income 98,488 196,816
Noncontrolling interests:    
Exchangeable operating partnership units (420) (863)
Limited partners' interests in consolidated partnerships (787) (725)
Income attributable to noncontrolling interests (1,207) (1,588)
Net income attributable to common shareholders $ 97,281 $ 195,228
Income per common share - basic $ 0.57 $ 1.14
Income per common share - diluted $ 0.57 $ 1.14
Partnership Interest [Member]    
Revenues:    
Lease income $ 308,801 $ 293,645
Other property income 3,138 3,104
Management, transaction, and other fees 6,038 6,684
Total revenues 317,977 303,433
Operating expenses:    
Depreciation and amortization 82,707 77,842
Property operating expense 51,022 46,461
Real estate taxes 38,477 36,869
General and administrative 25,280 18,792
Other operating (income) expenses (497) 2,173
Total operating expenses 196,989 182,137
Other expense (income):    
Interest expense, net 36,393 36,738
Gain on sale of real estate, net of tax (250) (101,948)
Net investment (income) loss (1,727) 2,494
Total other expense (income) 34,416 (62,716)
Income from operations before equity in income of investments in real estate partnerships 86,572 184,012
Equity in income of investments in real estate partnerships 11,916 12,804
Net income 98,488 196,816
Noncontrolling interests:    
Limited partners' interests in consolidated partnerships (787) (725)
Income attributable to noncontrolling interests (787) (725)
Net income attributable to common unit holders $ 97,701 $ 196,091
Income per common share - basic $ 0.57 $ 1.14
Income per common share - diluted $ 0.57 $ 1.14