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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUE        
Rental income $ 192,935 $ 175,884 $ 388,243 $ 357,050
Other property income 3,488 4,420 5,800 6,885
Mortgage interest income 1,558 1,157 2,282 2,318
Total revenue 197,981 181,461 396,325 366,253
EXPENSES        
Rental expenses 36,978 32,623 79,797 74,062
Real estate taxes 23,397 20,667 46,191 41,061
General and administrative 9,036 9,299 17,046 18,152
Depreciation and amortization 48,435 42,671 96,234 84,655
Total operating expenses 117,846 105,260 239,268 217,930
OPERATING INCOME 80,135 76,201 157,057 148,323
Other interest income 77 74 180 103
Interest expense (23,101) (23,445) (46,830) (47,613)
Early extinguishment of debt 0 (19,072) 0 (19,072)
Income from real estate partnerships 0 406 41 626
INCOME FROM CONTINUING OPERATIONS 57,111 34,164 110,448 82,367
Gain on change in control of interests and sale of real estate 1,787 11,509 27,513 11,509
NET INCOME 58,898 45,673 137,961 93,876
Net income attributable to noncontrolling interests (2,957) (2,041) (5,065) (4,058)
NET INCOME ATTRIBUTABLE TO THE TRUST 55,941 43,632 132,896 89,818
Dividends on preferred shares (135) (135) (271) (271)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 55,806 $ 43,497 $ 132,625 $ 89,547
EARNINGS PER COMMON SHARE, BASIC        
Continuing operations $ 0.78 $ 0.46 $ 1.50 $ 1.13
Gain on change in control of interests and sale of real estate, net 0.01 0.17 0.38 0.17
Earnings per common share, basic $ 0.79 $ 0.63 $ 1.88 $ 1.30
Weighted average number of common shares, basic 70,797 68,531 70,270 68,449
EARNINGS PER COMMON SHARE, DILUTED        
Continuing operations $ 0.77 $ 0.46 $ 1.50 $ 1.13
Gain on change in control of interests and sale of real estate, net 0.01 0.17 0.38 0.17
Earnings per common share, diluted $ 0.78 $ 0.63 $ 1.88 $ 1.30
Weighted average number of common shares, diluted 70,974 68,713 70,451 68,638
COMPREHENSIVE INCOME $ 58,490 $ 46,740 $ 134,778 $ 92,482
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 55,533 $ 44,699 $ 129,713 $ 88,424