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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE        
Rental income $ 229,731 $ 224,168 $ 461,223 $ 448,816
Mortgage interest income 734 734 1,469 1,491
Total revenue 230,465 224,902 462,692 450,307
EXPENSES        
Rental expenses 41,438 39,905 85,698 84,678
Real estate taxes 25,166 28,307 52,853 56,755
General and administrative 11,422 8,413 20,987 16,342
Depreciation and amortization 59,057 58,381 118,679 116,491
Total operating expenses 137,083 135,006 278,217 274,266
Gain on sale of real estate, net of tax 16,197 3,972 16,197 7,288
OPERATING INCOME 109,579 93,868 200,672 183,329
OTHER INCOME/(EXPENSE)        
Other interest income 189 159 366 338
Interest expense (27,482) (27,766) (55,515) (53,950)
Income (loss) from partnerships 381 (728) (1,053) (1,253)
NET INCOME 82,667 65,533 144,470 128,464
Net income attributable to noncontrolling interests (1,765) (1,938) (3,424) (3,622)
NET INCOME ATTRIBUTABLE TO THE TRUST 80,902 63,595 141,046 124,842
Dividends on preferred shares (2,011) (2,011) (4,021) (4,021)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 78,891 $ 61,584 $ 137,025 $ 120,821
EARNINGS PER COMMON SHARE, BASIC:        
Net income available for common shareholders $ 1.05 $ 0.84 $ 1.83 $ 1.65
Weighted average number of common shares 74,713 72,990 74,458 72,948
EARNINGS PER COMMON SHARE, DILUTED:        
Net income available for common shareholders $ 1.05 $ 0.84 $ 1.83 $ 1.65
Weighted average number of common shares 74,713 73,025 74,458 72,997
COMPREHENSIVE INCOME $ 82,268 $ 65,456 $ 143,862 $ 128,854
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 80,503 $ 63,518 $ 140,438 $ 125,232