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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUE      
Rental Income $ 786,583 $ 727,812 $ 666,322
Other property income 11,015 11,810 14,758
Mortgage interest income 3,993 4,390 5,010
Total revenue 801,591 744,012 686,090
EXPENSES      
Rental expenses 158,326 147,593 135,417
Real estate taxes 95,286 85,824 76,506
General and administrative 33,399 35,645 32,316
Depreciation and amortization 193,585 174,796 170,814
Total operating expenses 480,596 443,858 415,053
OPERATING INCOME 320,995 300,154 271,037
Other interest income 374 149 94
Interest expense (94,994) (92,553) (93,941)
Early extinguishment of debt 0 (19,072) (10,545)
Income from real estate partnerships 50 1,416 1,243
INCOME FROM CONTINUING OPERATIONS 226,425 190,094 167,888
Gain on sale of real estate and change in control of interests 32,458 28,330 4,401
Net income 258,883 218,424 172,289
Net income attributable to noncontrolling interests (8,973) (8,205) (7,754)
NET INCOME ATTRIBUTABLE TO THE TRUST 249,910 210,219 164,535
Dividends on preferred shares (541) (541) (541)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 249,369 $ 209,678 $ 163,994
EARNINGS PER COMMON SHARE, BASIC      
Continuing operations $ 3.07 $ 2.63 $ 2.35
Gain on sale of real estate and change in control of interests, net 0.44 0.41 0.07
EARNINGS PER COMMON SHARE, BASIC $ 3.51 $ 3.04 $ 2.42
Weighted average common shares outstanding, basic 70,877 68,797 67,322
EARNINGS PER COMMON SHARE, DILUTED      
Continuing operations $ 3.06 $ 2.62 $ 2.34
Gain on sale of real estate and change in control of interests, net 0.44 0.41 0.07
EARNINGS PER COMMON SHARE, DILUTED $ 3.50 $ 3.03 $ 2.41
Weighted average number of common shares, diluted 71,049 68,981 67,492
Comprehensive Income      
Net income $ 258,883 $ 218,424 $ 172,289
Other comprehensive income (loss) - change in value of interest rate swaps 1,533 (595) (2,098)
COMPREHENSIVE INCOME 260,416 217,829 170,191
Comprehensive income attributable to noncontrolling interests (8,973) (8,205) (7,754)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 251,443 $ 209,624 $ 162,437