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CONSOLIDATED STATEMENTS OF OPERATIONS (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        
Rental income $ 669,374 $ 639,620 $ 1,331,676 $ 1,272,451
Fee and asset management $ 143 $ 188 $ 335 $ 373
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 669,517 $ 639,808 $ 1,332,011 $ 1,272,824
EXPENSES        
Property and maintenance 108,461 103,744 223,531 211,946
Real estate taxes and insurance 91,446 89,482 182,888 181,396
Property management 24,369 23,484 50,765 46,928
General and administrative 14,329 12,502 29,710 28,780
Depreciation 200,508 192,942 404,723 389,251
Total expenses 439,113 422,154 891,617 858,301
Net gain (loss) on sales of real estate properties 138,856 (51) 138,835 142,162
Operating income 369,260 217,603 579,229 556,685
Interest and other income 1,009 1,116 1,590 6,996
Other expenses (5,117) (3,769) (8,392) (7,210)
Interest:        
Expense incurred, net (108,902) (94,131) (203,840) (210,235)
Amortization of deferred financing costs (3,647) (2,099) (5,783) (5,778)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 252,603 118,720 362,804 340,458
Income and other tax (expense) benefit (246) (274) (484) (487)
Income (loss) from investments in unconsolidated entities 68,765 (1,031) 68,058 (2,008)
Net gain (loss) on sales of land parcels 177 995 178 995
Net income 321,299 118,410 430,556 338,958
Net (income) loss attributable to Noncontrolling Interests:        
Operating Partnership (11,510) (4,299) (15,429) (12,358)
Partially Owned Properties (821) (509) (1,620) (1,189)
Net income attributable to controlling interests 308,968 113,602 413,507 325,411
Preferred distributions (772) (772) (1,545) (1,545)
Net income available to Common Shares $ 308,196 $ 112,830 $ 411,962 $ 323,866
Earnings per share – basic:        
Net income available to Common Shares $ 0.83 $ 0.31 $ 1.11 $ 0.88
Weighted average Common Shares outstanding 370,342 367,930 369,952 367,865
Earnings per share – diluted:        
Net income available to Common Shares $ 0.83 $ 0.31 $ 1.11 $ 0.88
Weighted average Common Shares outstanding 386,107 383,423 385,644 383,224