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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Revenues from rental properties, net $ 286,004 $ 290,634
Management and other fee income 3,740 4,376
Total revenues 289,744 295,010
Operating expenses    
Rent (2,835) (2,692)
Real estate taxes (39,652) (39,347)
Operating and maintenance (42,408) (40,896)
General and administrative (21,017) (25,831)
Impairment charges 2,974 4,175
Depreciation and amortization (69,397) (71,561)
Total operating expenses (178,283) (184,502)
Gain on sale of properties 3,847 23,595
Operating income 115,308 134,103
Other income/(expense)    
Other (expense)/income, net (3,422) 2,622
Interest expense (46,060) (44,395)
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments, net 65,826 92,330
Provision for income taxes, net (43) (630)
Net income 90,389 116,678
Net income attributable to noncontrolling interests (289) (509)
Net income attributable to the Company 90,100 116,169
Preferred dividends (6,354) (14,534)
Net income available to the Company's common shareholders $ 83,746 $ 101,635
Per common share:    
-Basic (in dollars per share) $ 0.19 $ 0.24
-Diluted (in dollars per share) $ 0.19 $ 0.24
Weighted average shares:    
-Basic (in shares) 429,735 419,464
-Diluted (in shares) [1] 430,505 420,763
Joint Ventures [Member]    
Other income/(expense)    
Equity in income $ 13,648 $ 18,754
Other Real Estate Investments [Member]    
Other income/(expense)    
Equity in income $ 10,958 $ 6,224
[1] The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 0.5 million, 1.3 million and 3.1 million stock options that were not dilutive as of December 31, 2019, 2018 and 2017, respectively.