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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total rental property revenues $ 740,340 $ 657,515 $ 475,212
Expenses:      
Rental property operating expenses 250,850 222,146 164,678
Reimbursed expenses 1,580 4,004 3,782
General and administrative expenses 27,034 37,007 22,040
Interest expense 60,605 53,963 39,430
Impairment 14,829 0 0
Depreciation and amortization 288,648 257,149 181,382
Transaction costs 428 52,881 248
Other 2,091 1,109 556
Total costs and expenses 646,065 628,259 412,116
Income from unconsolidated joint ventures 7,947 12,666 12,224
Gain on sales of investments in unconsolidated joint ventures 45,767 0 0
Gain on investment property transactions 90,125 110,761 5,437
Gain on extinguishment of debt 0 0 8
Net income 238,114 152,683 80,765
Net income attributable to noncontrolling interests (836) (2,265) (1,601)
Net income available to common stockholders $ 237,278 $ 150,418 $ 79,164
Net income per common share — basic and diluted (in usd per share) $ 1.60 $ 1.17 $ 0.75
Weighted average shares — basic (in shares) 148,277 128,060 105,076
Weighted average shares — diluted (in shares) 148,636 129,831 106,868
Dividends declared per common share (in usd per share) $ 1.20 $ 1.16 $ 1.04
Rental property revenues      
Revenues:      
Total rental property revenues $ 721,883 $ 628,751 $ 463,401
Fee income      
Revenues:      
Total rental property revenues 18,226 28,518 10,089
Other      
Revenues:      
Total rental property revenues $ 231 $ 246 $ 1,722