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Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Property revenues    
Operating Lease, Lease Income $ 248,567 $ 230,683
Property expenses    
Property operating and maintenance 56,948 53,916
Real estate taxes 33,890 30,049
Non-property income    
Interest and other income 298 793
Income (loss) on deferred compensation plans 10,356 (205)
Total non-property income 12,497 2,586
Other expenses    
General and administrative 13,308 12,223
Interest 20,470 20,374
Depreciation and amortization 80,274 70,224
Expense (benefit) on deferred compensation plans 10,356 (205)
Total other expenses 132,249 110,220
Equity in income of joint ventures [1] 1,912 1,829
Income from continuing operations before income taxes 39,889 40,913
Income tax expense (168) (388)
Net income 39,721 40,525
Less income allocated to non-controlling interests from continuing operations (1,108) (1,130)
Net income attributable to common shareholders $ 38,613 $ 39,395
Earnings per share – basic $ 0.40 $ 0.41
Earnings per share – diluted $ 0.40 $ 0.41
Weighted average number of common shares outstanding – basic 96,892 95,067
Weighted average number of common shares outstanding – diluted 97,041 96,046
Condensed Consolidated Statements of Comprehensive Income    
Net income $ 39,721 $ 40,525
Other comprehensive income    
Unrealized gain on cash flow hedging activities (5,938) 3,601
Reclassification of net loss (gain) on cash flow hedging activities, prior service cost and net loss on post-retirement obligation (375) 35
Comprehensive income 33,408 44,161
Less income allocated to non-controlling interests from continuing operations (1,108) (1,130)
Comprehensive income attributable to common shareholders 32,300 43,031
Total Property Expenses    
Property expenses    
Expenses 90,838 83,965
Fee and asset management income    
Property revenues    
Revenues 1,843 1,998
Property management    
Property expenses    
Expenses 6,657 6,639
Fee and asset management expense    
Property expenses    
Expenses $ 1,184 $ 965
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.