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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUE      
Rental income $ 727,812 $ 666,322 $ 620,089
Other property income 11,810 14,758 12,169
Mortgage interest income 4,390 5,010 5,155
Total revenue 744,012 686,090 637,413
EXPENSES      
Rental expenses 147,593 135,417 118,695
Real estate taxes 85,824 76,506 71,759
General and administrative 35,645 32,316 31,970
Depreciation and amortization 174,796 170,814 160,828
Total operating expenses 443,858 415,053 383,252
OPERATING INCOME 300,154 271,037 254,161
Other interest income 149 94 433
Interest expense (92,553) (93,941) (104,977)
Early extinguishment of debt (19,072) (10,545) (13,304)
Income from real estate partnerships 1,416 1,243 1,498
INCOME FROM CONTINUING OPERATIONS 190,094 167,888 137,811
DISCONTINUED OPERATIONS      
Discontinued operations - income 0 0 942
Discontinued operations - gain on sale of real estate 0 0 23,861
Results from discontinued operations 0 0 24,803
Income before gain on sale of real estate 190,094 167,888 162,614
Gain on sale of real estate 28,330 4,401 4,994
Net income 218,424 172,289 167,608
Net income attributable to noncontrolling interests (8,205) (7,754) (4,927)
NET INCOME ATTRIBUTABLE TO THE TRUST 210,219 164,535 162,681
Dividends on preferred shares (541) (541) (541)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 209,678 $ 163,994 $ 162,140
EARNINGS PER COMMON SHARE, BASIC      
Continuing operations $ 2.63 $ 2.35 $ 2.01
Discontinued operations 0.00 0.00 0.38
Gain on sale of real estate 0.41 0.07 0.08
EARNINGS PER COMMON SHARE, BASIC $ 3.04 $ 2.42 $ 2.47
Weighted average common shares outstanding, basic 68,797 67,322 65,331
EARNINGS PER COMMON SHARE, DILUTED      
Continuing operations $ 2.62 $ 2.34 $ 2.00
Discontinued operations 0.00 0.00 0.38
Gain on sale of real estate 0.41 0.07 0.08
EARNINGS PER COMMON SHARE, DILUTED $ 3.03 $ 2.41 $ 2.46
Weighted average number of common shares, diluted 68,981 67,492 65,483
Comprehensive Income      
Net income $ 218,424 $ 172,289 $ 167,608
Other comprehensive (loss) income - change in value of interest rate swaps (595) (2,098) 10,971
COMPREHENSIVE INCOME 217,829 170,191 178,579
Comprehensive income attributable to noncontrolling interests (8,205) (7,754) (4,927)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 209,624 $ 162,437 $ 173,652