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Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Property revenues    
Rental revenues $ 203,505 $ 188,102
Other property revenues 27,178 31,419
Total property revenues 230,683 219,521
Property expenses    
Property operating and maintenance 53,916 51,548
Real estate taxes 30,049 27,920
Total property expenses 83,965 79,468
Non-property income    
Fee and asset management 1,998 1,748
Interest and other income 793 634
Income (loss) on deferred compensation plans (205) 4,617
Total non-property income 2,586 6,999
Other expenses    
Property management 6,639 7,027
Fee and asset management 965 884
General and administrative 12,223 12,868
Interest 20,374 22,956
Depreciation and amortization 70,224 63,734
Expense (benefit) on deferred compensation plans (205) 4,617
Total other expenses 110,220 112,086
Loss on early retirement of debt 0 (323)
Equity in income of joint ventures [1] 1,829 1,817
Income from continuing operations before income taxes 40,913 36,460
Income tax expense (388) (471)
Net income 40,525 35,989
Less income allocated to non-controlling interests from continuing operations (1,130) (1,128)
Net income attributable to common shareholders $ 39,395 $ 34,861
Earnings per share – basic $ 0.41 $ 0.39
Earnings per share – diluted 0.41 0.39
Distributions declared per common share $ 0.77 $ 0.75
Weighted average number of common shares outstanding – basic 95,067 89,925
Weighted average number of common shares outstanding – diluted 96,046 90,949
Condensed Consolidated Statements of Comprehensive Income    
Net income $ 40,525 $ 35,989
Other comprehensive income    
Unrealized gain on cash flow hedging activities 3,601 0
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post-retirement obligation 35 34
Comprehensive income 44,161 36,023
Less income allocated to non-controlling interests from continuing operations (1,130) (1,128)
Comprehensive income attributable to common shareholders $ 43,031 $ 34,895
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.