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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Lease income $ 272,143 $ 268,948 $ 815,682 $ 808,661
Other property income 2,780 2,408 6,956 6,755
Management, transaction, and other fees 7,353 6,954 21,768 20,999
Total revenues 282,276 278,310 844,406 836,415
Operating expenses:        
Depreciation and amortization 91,856 89,183 282,639 266,812
Operating and maintenance 41,695 40,557 125,092 124,924
General and administrative 16,705 17,564 56,722 51,947
Real estate taxes 33,601 35,129 101,263 97,096
Other operating expenses 1,819 2,045 4,486 6,476
Total operating expenses 185,676 184,478 570,202 547,255
Other expense (income):        
Interest expense, net 38,253 36,618 113,178 111,477
Provision for impairment, net of tax (14) 855 12,099 29,443
Gain on sale of real estate, net of tax (887) (3,228) (17,819) (4,448)
Early extinguishment of debt 1,391   11,982 11,172
Net investment income (370) (923) (3,690) (1,524)
Total other expense (income) 38,373 33,322 115,750 146,120
Income from operations before equity in income of investments in real estate partnerships 58,227 60,510 158,454 143,040
Equity in (loss) income of investments in real estate partnerships (283) 10,024 43,673 29,548
Net income 57,944 70,534 202,127 172,588
Noncontrolling interests:        
Exchangeable operating partnership units (157) (147) (456) (358)
Limited partners’ interests in consolidated partnerships (822) (665) (2,532) (2,008)
Income attributable to noncontrolling interests (979) (812) (2,988) (2,366)
Net income attributable to common stockholders $ 56,965 $ 69,722 $ 199,139 $ 170,222
Income per common share - basic $ 0.34 $ 0.41 $ 1.19 $ 1.00
Income per common share - diluted $ 0.34 $ 0.41 $ 1.19 $ 1.00
Partnership Interest [Member]        
Revenues:        
Lease income $ 272,143 $ 268,948 $ 815,682 $ 808,661
Other property income 2,780 2,408 6,956 6,755
Management, transaction, and other fees 7,353 6,954 21,768 20,999
Total revenues 282,276 278,310 844,406 836,415
Operating expenses:        
Depreciation and amortization 91,856 89,183 282,639 266,812
Operating and maintenance 41,695 40,557 125,092 124,924
General and administrative 16,705 17,564 56,722 51,947
Real estate taxes 33,601 35,129 101,263 97,096
Other operating expenses 1,819 2,045 4,486 6,476
Total operating expenses 185,676 184,478 570,202 547,255
Other expense (income):        
Interest expense, net 38,253 36,618 113,178 111,477
Provision for impairment, net of tax (14) 855 12,099 29,443
Gain on sale of real estate, net of tax (887) (3,228) (17,819) (4,448)
Early extinguishment of debt 1,391   11,982 11,172
Net investment income (370) (923) (3,690) (1,524)
Total other expense (income) 38,373 33,322 115,750 146,120
Income from operations before equity in income of investments in real estate partnerships 58,227 60,510 158,454 143,040
Equity in (loss) income of investments in real estate partnerships (283) 10,024 43,673 29,548
Net income 57,944 70,534 202,127 172,588
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (822) (665) (2,532) (2,008)
Income attributable to noncontrolling interests (822) (665) (2,532) (2,008)
Net income attributable to common unit holders $ 57,122 $ 69,869 $ 199,595 $ 170,580
Income per common unit - basic $ 0.34 $ 0.41 $ 1.19 $ 1.00
Income per common unit - diluted $ 0.34 $ 0.41 $ 1.19 $ 1.00