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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Rental income $ 226,837 $ 182,409 $ 651,341 $ 515,244
Total revenues 261,408 212,564 748,637 600,652
OPERATING EXPENSES        
Property operating expenses 76,728 64,065 220,767 189,044
Depreciation and amortization 79,574 55,871 241,177 163,820
General and administrative 13,390 12,095 41,640 34,571
Total operating expenses 169,692 132,031 503,584 387,435
Interest:        
Interest expense on loans (23,850) (19,122) (69,729) (57,468)
Loan procurement amortization expense (969) (1,012) (2,885) (3,059)
Equity in earnings of real estate ventures 46,558 816 47,532 1,152
Gains from sales of real estate, net   28,815   28,815
Other (15) 539 (9,671) 1,593
Total other income (expense) 21,724 10,036 (34,753) (28,967)
NET INCOME 113,440 90,569 210,300 184,250
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Noncontrolling interests in the Operating Partnership (733) (3,149) (1,404) (6,466)
Noncontrolling interest in subsidiaries 181 230 505 350
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 112,888 $ 87,650 $ 209,401 $ 178,134
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.50 $ 0.43 $ 0.93 $ 0.89
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.50 $ 0.43 $ 0.93 $ 0.88
Weighted average basic shares outstanding (in shares) 225,023 202,194 224,883 200,934
Weighted average diluted shares outstanding (in shares) 225,966 203,797 225,881 202,291
Other Property Related Income        
REVENUES        
Property related income $ 25,619 $ 21,892 $ 71,760 $ 62,414
Property Management Fee Income        
REVENUES        
Property related income $ 8,952 $ 8,263 $ 25,536 $ 22,994