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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Rentals, net $ 422,339 $ 472,446 $ 517,836
Other 11,578 14,179 13,311
Total Revenues 433,917 486,625 531,147
Operating Expenses:      
Depreciation and amortization 149,930 135,674 161,838
Operating 91,075 94,620 90,554
Real estate taxes, net 62,564 60,813 69,268
Impairment loss 24,153 74 10,120
General and administrative 37,388 35,914 25,040
Total Operating Expenses 365,110 327,095 356,820
Other Income (Expense):      
Interest expense, net (61,148) (57,601) (63,348)
Interest and other income, net 7,143 11,003 2,807
Gain on sale of property 65,402 189,914 207,865
Total Other Income 11,397 143,316 147,324
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships 80,204 302,846 321,651
Provision for Income Taxes (451) (1,040) (1,378)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 39,206 20,769 25,070
Net Income 118,959 322,575 345,343
Less: Net Income Attributable to Noncontrolling Interests (6,810) (7,140) (17,742)
Net Income Attributable to Common Shareholders $ 112,149 $ 315,435 $ 327,601
Earnings Per Common Share - Basic:      
Net income attributable to common shareholders (dollars per share) $ 0.88 $ 2.47 $ 2.57
Earnings Per Common Share - Diluted:      
Net income attributable to common shareholders (dollars per share) $ 0.88 $ 2.44 $ 2.55