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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Rental income $ 705,088 $ 653,348
EXPENSES    
Property and maintenance 137,579 124,874
Real estate taxes and insurance 106,669 100,688
Property management 31,466 30,747
General and administrative 16,165 17,238
Depreciation 215,830 229,961
Total expenses 507,709 503,508
Net gain (loss) on sales of real estate properties 100,209 (102)
Operating income 297,588 149,738
Interest and other income 1,538 3,528
Other expenses (8,995) (3,056)
Interest:    
Expense incurred, net (66,401) (72,792)
Amortization of deferred financing costs (1,979) (2,077)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 221,751 75,341
Income and other tax (expense) benefit (298) (282)
Income (loss) from investments in unconsolidated entities (1,382) (1,261)
Net income 220,071 73,798
Net (income) loss attributable to Noncontrolling Interests:    
Operating Partnership (7,059) (2,394)
Partially Owned Properties (977) (639)
Net income attributable to controlling interests 212,035 70,765
Preferred distributions (772) (772)
Net income available to Common Shares $ 211,263 $ 69,993
Earnings per share – basic:    
Net income available to Common Shares $ 0.56 $ 0.19
Weighted average Common Shares outstanding 378,341 375,509
Earnings per share – diluted:    
Net income available to Common Shares $ 0.56 $ 0.19
Weighted average Common Shares outstanding 390,664 389,628