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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE        
Rental income $ 247,024 $ 207,410 $ 694,954 $ 613,687
Mortgage interest income 260 787 2,116 2,294
Total revenue 247,284 208,197 697,070 615,981
EXPENSES        
Rental expenses 49,318 41,832 141,474 122,561
Real estate taxes 29,529 30,520 88,272 90,183
General and administrative 12,253 9,308 35,357 29,373
Depreciation and amortization 70,611 65,631 202,160 190,603
Total operating expenses 161,711 147,291 467,263 432,720
Impairment charge 0 (57,218) 0 (57,218)
Gain on sale of real estate and change in control of interest 0 0 17,428 11,682
OPERATING INCOME 85,573 3,688 247,235 137,725
OTHER INCOME/(EXPENSE)        
Other interest income 88 538 701 1,355
Interest expense (32,249) (36,228) (95,511) (98,746)
Income (loss) from partnerships 1,129 (1,621) (86) (6,657)
NET INCOME (LOSS) 54,541 (33,623) 152,339 33,677
Net (income) loss attributable to noncontrolling interests (2,419) 5,334 (5,777) 3,304
NET INCOME (LOSS) ATTRIBUTABLE TO THE TRUST 52,122 (28,289) 146,562 36,981
Dividends on preferred shares (2,010) (2,010) (6,031) (6,031)
NET INCOME (LOSS) AVAILABLE FOR COMMON SHAREHOLDERS $ 50,112 $ (30,299) $ 140,531 $ 30,950
EARNINGS PER COMMON SHARE, BASIC:        
Net income (loss) available for common shareholders $ 0.64 $ (0.41) $ 1.81 $ 0.40
Weighted average number of common shares 77,485 75,404 77,269 75,386
EARNINGS PER COMMON SHARE, DILUTED:        
Net income (loss) available for common shareholders $ 0.64 $ (0.41) $ 1.81 $ 0.40
Weighted Average Number of Shares Outstanding, Diluted 77,575 75,404 77,287 75,386
COMPREHENSIVE INCOME (LOSS) $ 55,095 $ (33,165) $ 155,530 $ 27,190
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE TRUST $ 52,634 $ (27,831) $ 149,480 $ 30,494