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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total Revenues $ 762,290 $ 755,073 $ 740,340
Expenses:      
Rental property operating expenses 258,371 259,461 250,850
Reimbursed expenses 2,024 2,476 1,580
General and administrative expenses 28,319 29,321 27,034
Interest expense 72,537 67,027 60,605
Impairment 0 0 14,829
Depreciation and amortization 295,587 288,092 288,648
Transaction costs 0 0 428
Other 2,134 2,131 2,091
Total costs and expenses 658,972 648,508 646,065
Income from unconsolidated joint ventures 7,700 6,801 7,947
Gain on sales of investments in unconsolidated joint ventures 56,267 13,083 45,767
Gain (loss) on investment property transactions (9) 152,547 90,125
Gain on extinguishment of debt 169 0 0
Net income 167,445 278,996 238,114
Net income attributable to noncontrolling interests (652) (410) (836)
Net income available to common stockholders $ 166,793 $ 278,586 $ 237,278
Net income per common share — basic (in usd per share) $ 1.11 $ 1.87 $ 1.60
Net income per common share — diluted (in usd per share) $ 1.11 $ 1.87 $ 1.60
Weighted average shares — basic (in shares) 150,113 148,666 148,277
Weighted average shares — diluted (in shares) 150,419 148,891 148,636
Dividends declared per common share (in usd per share) $ 1.28 $ 1.24 $ 1.20
Rental property revenues      
Revenues:      
Total Revenues $ 753,511 $ 739,063 $ 721,883
Fee income      
Revenues:      
Total Revenues 6,119 15,559 18,226
Other      
Revenues:      
Total Revenues $ 2,660 $ 451 $ 231