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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Rental income $ 730,818 $ 705,088
EXPENSES    
Property and maintenance 134,630 137,579
Real estate taxes and insurance 108,927 106,669
Property management 35,458 31,466
General and administrative 15,720 16,165
Depreciation 225,695 215,830
Total expenses 520,430 507,709
Net gain (loss) on sales of real estate properties 188,185 100,209
Interest and other income 9,329 1,538
Other expenses (31,738) (8,995)
Interest:    
Expense incurred, net (67,212) (66,401)
Amortization of deferred financing costs (1,918) (1,979)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 307,034 221,751
Income and other tax (expense) benefit (304) (298)
Income (loss) from investments in unconsolidated entities (1,698) (1,382)
Net income 305,032 220,071
Net (income) loss attributable to Noncontrolling Interests:    
Operating Partnership (8,275) (7,059)
Partially Owned Properties (970) (977)
Net income attributable to controlling interests 295,787 212,035
Preferred distributions (547) (772)
Premium on redemption of Preferred Shares (1,444)  
Net income available to Common Shares $ 293,796 $ 211,263
Earnings per share – basic:    
Net income available to Common Shares $ 0.78 $ 0.56
Weighted average Common Shares outstanding 378,812 378,341
Earnings per share – diluted:    
Net income available to Common Shares $ 0.77 $ 0.56
Weighted average Common Shares outstanding 390,561 390,664