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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Rental income $ 653,348 $ 597,602
EXPENSES    
Property and maintenance 124,874 117,054
Real estate taxes and insurance 100,688 103,470
Property management 30,747 26,130
General and administrative 17,238 15,383
Depreciation 229,961 199,962
Total expenses 503,508 461,999
Net gain (loss) on sales of real estate properties (102) (43)
Operating income 149,738 135,560
Interest and other income 3,528 216
Other expenses (3,056) (4,110)
Interest:    
Expense incurred, net (72,792) (67,358)
Amortization of deferred financing costs (2,077) (2,185)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 75,341 62,123
Income and other tax (expense) benefit (282) (153)
Income (loss) from investments in unconsolidated entities (1,261) (1,611)
Net gain (loss) on sales of land parcels   5
Net income 73,798 60,364
Net (income) loss attributable to Noncontrolling Interests:    
Operating Partnership (2,394) (2,143)
Partially Owned Properties (639) (682)
Net income attributable to controlling interests 70,765 57,539
Preferred distributions (772) (773)
Net income available to Common Shares $ 69,993 $ 56,766
Earnings per share – basic:    
Net income available to Common Shares $ 0.19 $ 0.15
Weighted average Common Shares outstanding 375,509 372,280
Earnings per share – diluted:    
Net income available to Common Shares $ 0.19 $ 0.15
Weighted average Common Shares outstanding 389,628 386,916