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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUE        
Rental income $ 230,795 $ 175,479 $ 447,930 $ 406,277
Mortgage interest income 830 748 1,856 1,507
Total revenue 231,625 176,227 449,786 407,784
EXPENSES        
Rental expenses 42,918 36,417 92,156 80,729
Real estate taxes 29,323 30,599 58,743 59,663
General and administrative 12,846 9,814 23,104 20,065
Depreciation and amortization 67,675 62,784 131,549 124,972
Total operating expenses 152,762 139,614 305,552 285,429
Gain on sale of real estate and change in control of interest 0 11,682 17,428 11,682
OPERATING INCOME 78,863 48,295 161,662 134,037
OTHER INCOME/(EXPENSE)        
Other interest income 250 509 613 817
Interest expense (31,177) (34,073) (63,262) (62,518)
Income (loss) from partnerships 123 (3,872) (1,215) (5,036)
NET INCOME 48,059 10,859 97,798 67,300
Net income attributable to noncontrolling interests (1,855) (352) (3,358) (2,030)
NET INCOME ATTRIBUTABLE TO THE TRUST 46,204 10,507 94,440 65,270
Dividends on preferred shares (2,011) (2,011) (4,021) (4,021)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 44,193 $ 8,496 $ 90,419 $ 61,249
EARNINGS PER COMMON SHARE, BASIC:        
Net income available for common shareholders $ 0.57 $ 0.11 $ 1.16 $ 0.81
Weighted average number of common shares 77,474 75,394 77,160 75,377
EARNINGS PER COMMON SHARE, DILUTED:        
Net income available for common shareholders $ 0.57 $ 0.11 $ 1.16 $ 0.81
Weighted average number of common shares 77,505 75,394 77,162 75,377
COMPREHENSIVE INCOME $ 47,002 $ 10,366 $ 100,435 $ 60,355
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST $ 45,266 $ 10,014 $ 96,846 $ 58,325