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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUE        
Rental income $ 197,469 $ 181,562 $ 585,712 $ 538,612
Other property income 2,759 2,479 8,559 9,364
Mortgage interest income 929 1,211 3,211 3,529
Total revenue 201,157 185,252 597,482 551,505
EXPENSES        
Rental expenses 38,588 34,439 118,385 108,501
Real estate taxes 24,973 21,804 71,164 62,865
General and administrative 8,232 9,374 25,278 27,526
Depreciation and amortization 48,903 43,718 145,137 128,373
Total operating expenses 120,696 109,335 359,964 327,265
OPERATING INCOME 80,461 75,917 237,518 224,240
Other interest income 105 6 285 109
Interest expense (24,313) (21,733) (71,143) (69,346)
Early extinguishment of debt 0 0 0 (19,072)
Income from real estate partnerships 0 360 41 986
INCOME FROM CONTINUING OPERATIONS 56,253 54,550 166,701 136,917
Gain on sale of real estate and change in control of interests 4,945 0 32,458 11,509
NET INCOME 61,198 54,550 199,159 148,426
Net income attributable to noncontrolling interests (2,221) (2,103) (7,286) (6,161)
NET INCOME ATTRIBUTABLE TO THE TRUST 58,977 52,447 191,873 142,265
Dividends on preferred shares (136) (136) (406) (406)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 58,841 $ 52,311 $ 191,467 $ 141,859
EARNINGS PER COMMON SHARE, BASIC        
Continuing operations $ 0.75 $ 0.75 $ 2.26 $ 1.89
Gain on sale of real estate and change in control of interests, net 0.07 0.00 0.44 0.17
Earnings per common share, basic $ 0.82 $ 0.75 $ 2.70 $ 2.06
Weighted average number of common shares, basic 71,319 69,006 70,626 68,637
EARNINGS PER COMMON SHARE, DILUTED        
Continuing operations $ 0.75 $ 0.75 $ 2.26 $ 1.88
Gain on sale of real estate and change in control of interests, net 0.07 0.00 0.44 0.17
Earnings per common share, diluted $ 0.82 $ 0.75 $ 2.70 $ 2.05
Weighted average number of common shares, diluted 71,489 69,181 70,804 68,821
COMPREHENSIVE INCOME $ 63,097 $ 52,329 $ 197,875 $ 144,811
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 60,876 $ 50,226 $ 190,589 $ 138,650