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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUE        
Rental income $ 220,476 $ 204,246 $ 441,057 $ 408,693
Other property income 3,692 3,068 7,759 5,258
Mortgage interest income 734 735 1,491 1,487
Total revenue 224,902 208,049 450,307 415,438
EXPENSES        
Rental expenses 39,905 37,128 84,678 78,237
Real estate taxes 28,307 26,522 56,755 51,612
General and administrative 8,413 8,643 16,342 16,910
Depreciation and amortization 58,381 52,666 116,491 104,045
Total operating expenses 135,006 124,959 274,266 250,804
OPERATING INCOME 89,896 83,090 176,041 164,634
Other interest income 159 68 338 174
Interest expense (27,766) (23,907) (53,950) (47,665)
Loss from real estate partnerships (728) (114) (1,253) (114)
INCOME FROM CONTINUING OPERATIONS 61,561 59,137 121,176 117,029
Gain on sale of real estate, net 3,972 18,996 7,288 19,174
NET INCOME 65,533 78,133 128,464 136,203
Net income attributable to noncontrolling interests (1,938) (1,842) (3,622) (3,722)
NET INCOME ATTRIBUTABLE TO THE TRUST 63,595 76,291 124,842 132,481
Dividends on preferred shares (2,011) (135) (4,021) (271)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 61,584 $ 76,156 $ 120,821 $ 132,210
EARNINGS PER COMMON SHARE, BASIC:        
Net income available for common shareholders $ 0.84 $ 1.05 $ 1.65 $ 1.83
Weighted average number of common shares 72,990 72,001 72,948 71,928
EARNINGS PER COMMON SHARE, DILUTED:        
Net income available for common shareholders $ 0.84 $ 1.05 $ 1.65 $ 1.83
Weighted average number of common shares 73,025 72,124 72,997 72,061
COMPREHENSIVE INCOME $ 65,456 $ 78,526 $ 128,854 $ 137,680
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 63,518 $ 76,684 $ 125,232 $ 133,958