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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Property rental $ 1,130,177 $ 1,039,340  
Property rental     $ 967,229
Tenant reinsurance 128,387 115,507 98,401
Management fees and other income 49,890 41,757 39,379
Total revenues 1,308,454 1,196,604 1,105,009
Expenses:      
Property operations 336,050 291,695 271,974
Tenant reinsurance 29,376 25,707 19,173
General and administrative 89,418 81,256 78,961
Depreciation and amortization 219,857 209,050 193,296
Total expenses 674,701 607,708 563,404
Gain on real estate transactions and impairment of real estate 1,205 30,807 112,789
Income from operations 634,958 619,703 654,394
Interest expense (186,526) (178,436) (153,511)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (4,742) (4,687) (5,103)
Interest income 7,467 5,292 6,736
Income before equity in earnings of unconsolidated real estate ventures and income tax expense 451,157 441,872 502,516
Equity in earnings of unconsolidated real estate ventures 11,274 14,452 15,331
Income tax expense (11,308) (9,244) (3,625)
Net income 451,123 447,080 514,222
Net income allocated to Preferred Operating Partnership noncontrolling interests (12,492) (13,995) (14,989)
Net income allocated to Operating Partnership and other noncontrolling interests (18,664) (17,796) (20,220)
Net income attributable to common stockholders $ 419,967 $ 415,289 $ 479,013
Earnings per common share      
Basic (in dollars per share) $ 3.27 $ 3.29 $ 3.79
Diluted (in dollars per share) $ 3.24 $ 3.27 $ 3.76
Weighted average number of shares      
Basic (in shares) 128,203,568 126,087,487 125,967,831
Diluted (in shares) 136,433,769 133,159,033 134,155,771