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Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Property revenues        
Property revenues $ 373,772 $ 294,130 $ 1,046,847 $ 838,221
Property expenses        
Property operating and maintenance 84,649 71,337 234,504 200,360
Real estate taxes 48,182 38,731 136,448 113,611
Total property expenses 132,831 110,068 370,952 313,971
Non-property income        
Fee and asset management 617 3,248 4,257 7,717
Interest and other income 88 443 2,881 1,032
Income/(loss) on deferred compensation plans (6,275) (843) (28,450) 9,183
Total non-property income/(loss) (5,570) 2,848 (21,312) 17,932
Other expenses        
Property management 6,732 6,640 21,228 19,200
Fee and asset management 556 1,159 2,090 3,310
General and administrative 14,002 14,960 44,526 44,428
Interest 29,192 24,987 82,756 72,715
Depreciation and amortization 158,877 111,462 429,749 304,189
Expense/(benefit) on deferred compensation plans (6,275) (843) (28,450) 9,183
Total other expenses 203,084 158,365 551,899 453,025
Gain on sale of operating property     36,372 0
Gain on acquisition of unconsolidated joint venture interests 0   474,146  
Equity in income of joint ventures 0 2,540 3,048 6,652
Income from continuing operations before income taxes 32,287 31,085 616,250 95,809
Income tax expense (737) (480) (2,213) (1,292)
Net income 31,550 30,605 614,037 94,517
Less income allocated to non-controlling interests (1,706) (1,122) (6,133) (3,508)
Net income attributable to common shareholders $ 29,844 $ 29,483 $ 607,904 $ 91,009
Earnings per share – basic $ 0.27 $ 0.29 $ 5.66 $ 0.90
Earnings per share – diluted $ 0.27 $ 0.29 $ 5.62 $ 0.90
Weighted average number of common shares outstanding – basic 108,466 103,071 107,314 101,119
Weighted average number of common shares outstanding – diluted 108,506 103,171 108,099 101,199
Condensed Consolidated Statements of Comprehensive Income        
Net income $ 31,550 $ 30,605 $ 614,037 $ 94,517
Other comprehensive income        
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation 369 372 1,107 1,117
Comprehensive income 31,919 30,977 615,144 95,634
Less income allocated to non-controlling interests (1,706) (1,122) (6,133) (3,508)
Comprehensive income attributable to common shareholders $ 30,213 $ 29,855 $ 609,011 $ 92,126