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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Revenues from rental properties, net $ 280,710 $ 289,383 $ 571,344 $ 589,100
Management and other fee income 4,163 4,020 8,539 8,381
Revenues 284,873 293,403 579,883 597,481
Operating expenses        
Rent (2,924) (2,742) (5,616) (5,560)
Real estate taxes (37,005) (37,274) (76,352) (77,708)
Operating and maintenance (43,217) (41,325) (84,113) (84,656)
General and administrative (22,633) (24,029) (48,464) (46,427)
Provision for doubtful accounts 0 (1,051) 0 (3,182)
Impairment charges 17,451 22,873 21,626 30,519
Depreciation and amortization (69,005) (79,760) (140,566) (161,142)
Total operating expenses (192,235) (209,054) (376,737) (409,194)
Gain on sale of properties/change in control of interests 14,762 95,240 38,357 152,211
Operating income 107,400 179,589 241,503 340,498
Other income/(expense)        
Other income, net 1,938 3,277 4,560 9,456
Interest expense (44,097) (46,434) (88,492) (96,377)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments, net 65,241 136,432 157,571 253,577
Benefit/(provision) for income taxes, net 344 720 (286) 668
Net income 101,387 165,809 218,065 309,791
Net income attributable to noncontrolling interests (360) (423) (869) (315)
Net income attributable to the Company 101,027 165,386 217,196 309,476
Preferred dividends (14,534) (14,534) (29,068) (29,123)
Net income available to the Company's common shareholders $ 86,493 $ 150,852 $ 188,128 $ 280,353
Per common share:        
-Basic (in dollars per share) $ 0.20 $ 0.36 $ 0.45 $ 0.66
-Diluted (in dollars per share) $ 0.20 $ 0.36 $ 0.44 $ 0.66
Weighted average shares:        
-Basic (in shares) 419,697 420,731 419,581 422,060
-Diluted (in shares) 420,646 421,928 420,798 423,236
Joint Ventures [Member]        
Other income/(expense)        
Equity in income $ 22,533 $ 19,040 $ 41,287 $ 35,953
Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income $ 13,269 $ 9,617 $ 19,493 $ 19,593