XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUE        
Rental income $ 204,246 $ 192,935 $ 408,693 $ 388,243
Other property income 3,068 3,488 5,258 5,800
Mortgage interest income 735 1,558 1,487 2,282
Total revenue 208,049 197,981 415,438 396,325
EXPENSES        
Rental expenses 37,128 36,978 78,237 79,797
Real estate taxes 26,522 23,397 51,612 46,191
General and administrative 8,643 9,036 16,910 17,046
Depreciation and amortization 52,666 48,435 104,045 96,234
Total operating expenses 124,959 117,846 250,804 239,268
OPERATING INCOME 83,090 80,135 164,634 157,057
Other interest income 68 77 174 180
Interest expense (23,907) (23,101) (47,665) (46,830)
(Loss) income from real estate partnerships (114) 0 (114) 41
INCOME FROM CONTINUING OPERATIONS 59,137 57,111 117,029 110,448
Gain on sale of real estate and change in control of interests, net 18,996 1,787 19,174 27,513
NET INCOME 78,133 58,898 136,203 137,961
Net income attributable to noncontrolling interests (1,842) (2,957) (3,722) (5,065)
NET INCOME ATTRIBUTABLE TO THE TRUST 76,291 55,941 132,481 132,896
Dividends on preferred shares (135) (135) (271) (271)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 76,156 $ 55,806 $ 132,210 $ 132,625
EARNINGS PER COMMON SHARE, BASIC        
Continuing operations $ 0.79 $ 0.78 $ 1.57 $ 1.50
Gain on sale of real estate and change in control of interests, net 0.26 0.01 0.26 0.38
Earnings per common share, basic $ 1.05 $ 0.79 $ 1.83 $ 1.88
Weighted average number of common shares, basic 72,001 70,797 71,928 70,270
EARNINGS PER COMMON SHARE, DILUTED        
Continuing operations $ 0.79 $ 0.77 $ 1.57 $ 1.50
Gain on sale of real estate and change in control of interests, net 0.26 0.01 0.26 0.38
Earnings per common share, diluted $ 1.05 $ 0.78 $ 1.83 $ 1.88
Weighted average number of common shares, diluted 72,124 70,974 72,061 70,451
COMPREHENSIVE INCOME $ 78,526 $ 58,490 $ 137,680 $ 134,778
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 76,684 $ 55,533 $ 133,958 $ 129,713