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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUES      
Rental income $ 2,577,681 $ 2,470,689 $ 2,422,233
Fee and asset management $ 753 $ 717 $ 3,567
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 2,578,434 $ 2,471,406 $ 2,425,800
EXPENSES      
Property and maintenance 429,335 405,281 406,823
Real estate taxes and insurance 357,814 335,495 317,387
Property management 92,485 85,493 82,015
General and administrative 53,813 52,224 57,840
Depreciation 785,725 743,749 705,649
Impairment 702 1,693 0
Total expenses 1,719,874 1,623,935 1,569,714
Operating income 858,560 847,471 856,086
Interest and other income 15,317 6,136 65,773
Other expenses (17,267) (5,186) (10,368)
Interest:      
Expense incurred, net (413,360) (383,890) (482,246)
Amortization of deferred financing costs (11,310) (8,526) (12,633)
Income before income and other taxes, income (loss) from investments in unconsolidated entities, net gain (loss) on sales of real estate properties and land parcels and discontinued operations 431,940 456,005 416,612
Income and other tax (expense) benefit (878) (478) (1,613)
Income (loss) from investments in unconsolidated entities (3,667) (3,370) 4,801
Net gain (loss) on sales of real estate properties 256,810 157,057 4,044,055
Net gain (loss) on sales of land parcels 987 19,167 15,731
Income from continuing operations 685,192 628,381 4,479,586
Discontinued operations, net 0 0 518
Net income 685,192 628,381 4,480,104
Net (income) loss attributable to Noncontrolling Interests:      
Operating Partnership (24,939) (22,604) (171,511)
Partially Owned Properties (2,718) (2,323) (16,430)
Net income attributable to controlling interests 657,535 603,454 4,292,163
Preferred distributions (3,090) (3,091) (3,091)
Net income available to Common Shares $ 654,445 $ 600,363 $ 4,289,072
Earnings per share – basic:      
Income from continuing operations available to Common Shares $ 1.78 $ 1.64 $ 11.75
Net income available to Common Shares $ 1.78 $ 1.64 $ 11.75
Weighted average Common Shares outstanding 368,052 366,968 365,002
Earnings per share – diluted:      
Income from continuing operations available to Common Shares $ 1.77 $ 1.63 $ 11.68
Net income available to Common Shares $ 1.77 $ 1.63 $ 11.68
Weighted average Common Shares outstanding 383,695 382,678 381,992