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Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Property revenues    
Property revenues $ 265,879 $ 248,567
Property expenses    
Property operating and maintenance 59,956 56,948
Real estate taxes 34,180 33,890
Total property expenses 94,136 90,838
Non-property income    
Fee and asset management 2,527 1,843
Interest and other income 329 298
Income/(loss) on deferred compensation plans (14,860) 10,356
Total non-property income (loss) (12,004) 12,497
Other expenses    
Property management 6,527 6,657
Fee and asset management 843 1,184
General and administrative 13,233 13,308
Interest 19,707 20,470
Depreciation and amortization 91,859 80,274
Expense/(benefit) on deferred compensation plans (14,860) 10,356
Total other expenses 117,309 132,249
Gain on sale of land 382 0
Equity in income of joint ventures [1] 2,122 1,912
Income from continuing operations before income taxes 44,934 39,889
Income tax expense (467) (168)
Net income 44,467 39,721
Less income allocated to non-controlling interests (1,183) (1,108)
Net income attributable to common shareholders $ 43,284 $ 38,613
Earnings per share – basic $ 0.43 $ 0.40
Earnings per share – diluted $ 0.43 $ 0.40
Weighted average number of common shares outstanding – basic 99,298 96,892
Weighted average number of common shares outstanding – diluted 99,380 97,041
Condensed Consolidated Statements of Comprehensive Income    
Net income $ 44,467 $ 39,721
Other comprehensive income    
Unrealized (loss) on cash flow hedging activities 0 (5,938)
Reclassification of net loss (gain) on cash flow hedging activities, prior service cost and net loss on post retirement obligation 366 (375)
Comprehensive income 44,833 33,408
Less income allocated to non-controlling interests (1,183) (1,108)
Comprehensive income attributable to common shareholders $ 43,650 $ 32,300
[1]
Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.