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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Revenues from rental properties $ 290,919 $ 279,286 $ 873,153 $ 859,492
Management and other fee income 3,926 5,790 12,456 14,274
Total revenues 294,845 285,076 885,609 873,766
Operating expenses        
Rent 2,764 2,728 8,312 8,274
Real estate taxes 38,363 37,703 115,379 107,966
Operating and maintenance 33,197 32,590 102,862 100,366
General and administrative 28,588 27,983 86,395 89,840
Provision for doubtful accounts 701 1,092 4,201 5,752
Impairment charges     34,280 68,126
Depreciation and amortization 88,443 96,827 275,787 264,436
Total operating expenses 195,000 208,996 627,216 644,760
Operating income 99,845 76,080 258,393 229,006
Other income/(expense)        
Other income, net 1,101 4,358 3,813 3,176
Interest expense (47,258) (46,552) (139,830) (149,482)
Early extinguishment of debt charges (1,753) (45,674) (1,753) (45,674)
Income/(loss) from continuing operations before income taxes, net, equity in income of joint ventures, net, gain on change in control of interests and equity in income from other real estate investments, net 51,935 (11,788) 120,623 37,026
Benefit/(provision) for income taxes, net 697 (61,426) 2,224 (73,292)
Equity in income of joint ventures, net 9,100 11,500 37,044 190,155
Gain on change in control of interests 6,584 71,160 53,096
Income/(loss) from continuing operations 81,683 (51,319) 293,003 229,517
Gain on sale of operating properties, net of tax 40,533 9,771 62,102 75,935
Net income/(loss) 122,216 (41,548) 355,105 305,452
Net income attributable to noncontrolling interests (1,186) (1,997) (13,926) (4,875)
Net income/(loss) attributable to the Company 121,030 (43,545) 341,179 300,577
Preferred stock redemption charge (7,014) (7,014)
Preferred stock dividends (12,059) (11,555) (35,169) (34,665)
Net income/(loss) available to the Company's common shareholders $ 101,957 $ (55,100) $ 298,996 $ 265,912
Net income/(loss) available to the Company:        
-Basic (in dollars per share) $ 0.24 $ (0.13) $ 0.70 $ 0.63
-Diluted (in dollars per share) $ 0.24 $ (0.13) $ 0.70 $ 0.63
Weighted average shares:        
-Basic (in shares) 423,688 420,073 423,574 416,829
-Diluted (in shares) 424,311 420,073 424,193 418,234
Joint Ventures [Member]        
Other income/(expense)        
Equity in income of joint ventures, net $ 9,142 $ 11,537 $ 37,044 $ 190,155
Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income of joint ventures, net 19,909 3,774 61,952 22,532
Continuing Operations [Member]        
Operating expenses        
Impairment charges $ 2,944 $ 10,073 $ 34,280 $ 68,126