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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Lease income $ 1,187,452 $ 1,113,368 $ 980,166
Other property income 10,719 12,456 9,508
Management, transaction, and other fees 25,851 40,337 26,501
Total revenues 1,224,022 1,166,161 1,016,175
Operating expenses:      
Depreciation and amortization 319,697 303,331 345,900
Property operating expense 196,148 184,553 170,073
Real estate taxes 149,795 142,129 143,004
General and administrative 79,903 78,218 75,001
Other operating expenses 6,166 5,751 12,642
Total operating expenses 751,709 713,982 746,620
Other expense (income):      
Interest expense, net 146,186 145,170 156,678
Goodwill impairment     132,128
Provision for impairment of real estate   84,389 18,536
Gain on sale of real estate, net of tax (109,005) (91,119) (67,465)
Early extinguishment of debt     21,837
Net investment loss (income) 6,921 (5,463) (5,307)
Total other expense (income) 44,102 132,977 256,407
Income from operations before equity in income of investments in real estate partnerships 428,211 319,202 13,148
Equity in income of investments in real estate partnerships (note 4) 59,824 47,086 34,169
Net income 488,035 366,288 47,317
Noncontrolling interests:      
Exchangeable operating partnership units (2,105) (1,615) (203)
Limited partners’ interests in consolidated partnerships (3,065) (3,262) (2,225)
Income attributable to noncontrolling interests (5,170) (4,877) (2,428)
Net income attributable to common stockholders $ 482,865 $ 361,411 $ 44,889
Income per common share - basic (note 15) $ 2.82 $ 2.12 $ 0.27
Income per common share - diluted (note 15) $ 2.81 $ 2.12 $ 0.26
Partnership Interest [Member]      
Revenues:      
Lease income $ 1,187,452 $ 1,113,368 $ 980,166
Other property income 10,719 12,456 9,508
Management, transaction, and other fees 25,851 40,337 26,501
Total revenues 1,224,022 1,166,161 1,016,175
Operating expenses:      
Depreciation and amortization 319,697 303,331 345,900
Property operating expense 196,148 184,553 170,073
Real estate taxes 149,795 142,129 143,004
General and administrative 79,903 78,218 75,001
Other operating expenses 6,166 5,751 12,642
Total operating expenses 751,709 713,982 746,620
Other expense (income):      
Interest expense, net 146,186 145,170 156,678
Goodwill impairment     132,128
Provision for impairment of real estate   84,389 18,536
Gain on sale of real estate, net of tax (109,005) (91,119) (67,465)
Early extinguishment of debt     21,837
Net investment loss (income) 6,921 (5,463) (5,307)
Total other expense (income) 44,102 132,977 256,407
Income from operations before equity in income of investments in real estate partnerships 428,211 319,202 13,148
Equity in income of investments in real estate partnerships (note 4) 59,824 47,086 34,169
Net income 488,035 366,288 47,317
Noncontrolling interests:      
Limited partners’ interests in consolidated partnerships (3,065) (3,262) (2,225)
Income attributable to noncontrolling interests (3,065) (3,262) (2,225)
Net income attributable to common unit holders $ 484,970 $ 363,026 $ 45,092
Income per common unit - basic (note 15): $ 2.82 $ 2.12 $ 0.27
Income per common unit - diluted (note 15): $ 2.81 $ 2.12 $ 0.26