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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUE        
Rental income $ 212,048 $ 197,469 $ 620,741 $ 585,712
Other property income 5,171 2,759 10,429 8,559
Mortgage interest income 734 929 2,221 3,211
Total revenue 217,953 201,157 633,391 597,482
EXPENSES        
Rental expenses 41,250 38,588 119,487 118,385
Real estate taxes 27,492 24,973 79,104 71,164
General and administrative 9,103 8,232 26,013 25,278
Depreciation and amortization 55,611 48,903 159,656 145,137
Total operating expenses 133,456 120,696 384,260 359,964
OPERATING INCOME 84,497 80,461 249,131 237,518
Other interest income 79 105 253 285
Interest expense (26,287) (24,313) (73,952) (71,143)
(Loss) income from real estate partnerships (182) 0 (296) 41
INCOME FROM CONTINUING OPERATIONS 58,107 56,253 175,136 166,701
Gain on sale of real estate and change in control of interests, net 50,775 4,945 69,949 32,458
NET INCOME 108,882 61,198 245,085 199,159
Net income attributable to noncontrolling interests (2,105) (2,221) (5,827) (7,286)
NET INCOME ATTRIBUTABLE TO THE TRUST 106,777 58,977 239,258 191,873
Dividends on preferred shares (177) (136) (448) (406)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 106,600 $ 58,841 $ 238,810 $ 191,467
EARNINGS PER COMMON SHARE, BASIC:        
Net income available for common shareholders $ 1.47 $ 0.82 $ 3.31 $ 2.70
Weighted average number of common shares 72,091 71,319 71,983 70,626
EARNINGS PER COMMON SHARE, DILUTED:        
Net income available for common shareholders $ 1.47 $ 0.82 $ 3.30 $ 2.70
Weighted average number of common shares 72,206 71,489 72,110 70,804
COMPREHENSIVE INCOME $ 109,240 $ 63,097 $ 246,920 $ 197,875
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 107,135 $ 60,876 $ 241,093 $ 190,589