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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total Revenues $ 755,073 $ 740,340 $ 657,515
Expenses:      
Rental property operating expenses 259,461 250,850 222,146
Reimbursed expenses 2,476 1,580 4,004
General and administrative expenses 29,321 27,034 37,007
Interest expense 67,027 60,605 53,963
Impairment 0 14,829 0
Depreciation and amortization 288,092 288,648 257,149
Transaction costs 0 428 52,881
Other 2,131 2,091 1,109
Total costs and expenses 648,508 646,065 628,259
Income from unconsolidated joint ventures 6,801 7,947 12,666
Gain on sales of investments in unconsolidated joint ventures 13,083 45,767 0
Gain on investment property transactions 152,547 90,125 110,761
Net income 278,996 238,114 152,683
Net income attributable to noncontrolling interests (410) (836) (2,265)
Net income available to common stockholders $ 278,586 $ 237,278 $ 150,418
Net income per common share — basic (in usd per share) $ 1.87 $ 1.60 $ 1.17
Net income per common share — diluted (in usd per share) $ 1.87 $ 1.60 $ 1.17
Weighted average shares — basic (in shares) 148,666 148,277 128,060
Weighted average shares — diluted (in shares) 148,891 148,636 129,831
Dividends declared per common share (in usd per share) $ 1.24 $ 1.20 $ 1.16
Rental property revenues      
Revenues:      
Total Revenues $ 739,063 $ 721,883 $ 628,751
Fee income      
Revenues:      
Total Revenues 15,559 18,226 28,518
Other      
Revenues:      
Total Revenues $ 451 $ 231 $ 246