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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUE      
Rental Income $ 932,738 $ 912,287 $ 854,286
Mortgage interest income 3,050 3,149 3,062
Total revenue 935,788 915,436 857,348
EXPENSES      
Rental expenses 187,831 173,094 164,890
Real estate taxes 110,927 114,776 107,839
General and administrative 42,754 33,600 36,281
Depreciation and amortization 239,758 244,245 216,050
Total operating expenses 581,270 565,715 525,060
Gain on sale of real estate, net 116,393 11,915 77,922
OPERATING INCOME 470,911 361,636 410,210
Other interest income 1,266 942 475
Interest expense (109,623) (110,154) (100,125)
Early extinguishment of debt 0 0 (12,273)
(Loss) income from real estate partnerships (2,012) (3,398) (417)
Net income 360,542 249,026 297,870
Net income attributable to noncontrolling interests (6,676) (7,119) (7,956)
NET INCOME ATTRIBUTABLE TO THE TRUST 353,866 241,907 289,914
Dividends on preferred shares (8,042) (8,042) (2,458)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 345,824 $ 233,865 $ 287,456
EARNINGS PER COMMON SHARE, BASIC      
Net income available for common shareholders $ 4.61 $ 3.18 $ 3.97
Weighted average common shares outstanding, basic 74,766 73,274 72,117
EARNINGS PER COMMON SHARE, DILUTED      
Net income available for common shareholders $ 4.61 $ 3.18 $ 3.97
Weighted average number of common shares 74,766 73,302 72,233
Comprehensive Income      
Net income $ 360,542 $ 249,026 $ 297,870
Other comprehensive (loss) income - change in value of interest rate swaps (397) (438) 2,599
COMPREHENSIVE INCOME 360,145 248,588 300,469
Comprehensive income attributable to noncontrolling interests (6,676) (7,119) (7,956)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 353,469 $ 241,469 $ 292,513