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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Lease income $ 1,094,301 $ 1,083,770 $ 950,186
Other property income 9,201 8,711 7,982
Management, transaction, and other fees 29,636 28,494 26,158
Total revenues 1,133,138 1,120,975 984,326
Operating expenses:      
Depreciation and amortization 374,283 359,688 334,201
Operating and maintenance 169,909 168,034 143,990
General and administrative 74,984 65,491 67,624
Real estate taxes 136,236 137,856 109,723
Other operating expenses 7,814 9,737 89,225
Total operating expenses 763,226 740,806 744,763
Other expense (income):      
Interest expense, net 151,264 148,456 132,629
Provision for impairment, net of tax 54,174 38,437 0
Gain on sale of real estate, net of tax (24,242) (28,343) (27,432)
Early extinguishment of debt 11,982 11,172 12,449
Net investment (income) loss (5,568) 1,096 (3,985)
Total other expense (income) 187,610 170,818 113,661
Income from operations before equity in income of investments in real estate partnerships and income taxes 182,302 209,351 125,902
Equity in income of investments in real estate partnerships (note 4) 60,956 42,974 43,341
Deferred income tax benefit of taxable REIT subsidiary 0 0 (9,737)
Net income 243,258 252,325 178,980
Noncontrolling interests:      
Exchangeable operating partnership units (634) (525) (388)
Limited partners’ interests in consolidated partnerships (3,194) (2,673) (2,515)
Income attributable to noncontrolling interests (3,828) (3,198) (2,903)
Net income attributable to the Company 239,430 249,127 176,077
Net income attributable to the Company 239,430 249,127 176,077
Preferred stock dividends and issuance costs     (16,128)
Net income attributable to common stockholders $ 239,430 $ 249,127 $ 159,949
Income per common share - basic (note 15) $ 1.43 $ 1.47 $ 1.00
Income per common share - diluted (note 15) $ 1.43 $ 1.46 $ 1.00
Income from operations before equity in income of investments in real estate partnerships and income taxes $ 182,302 $ 209,351 $ 125,902
Deferred income tax benefit of taxable REIT subsidiary 1,245 522 (9,647)
Partnership Interest [Member]      
Revenues:      
Lease income 1,094,301 1,083,770 950,186
Other property income 9,201 8,711 7,982
Management, transaction, and other fees 29,636 28,494 26,158
Total revenues 1,133,138 1,120,975 984,326
Operating expenses:      
Depreciation and amortization 374,283 359,688 334,201
Operating and maintenance 169,909 168,034 143,990
General and administrative 74,984 65,491 67,624
Real estate taxes 136,236 137,856 109,723
Other operating expenses 7,814 9,737 89,225
Total operating expenses 763,226 740,806 744,763
Other expense (income):      
Interest expense, net 151,264 148,456 132,629
Provision for impairment, net of tax 54,174 38,437 0
Gain on sale of real estate, net of tax (24,242) (28,343) (27,432)
Early extinguishment of debt 11,982 11,172 12,449
Net investment (income) loss (5,568) 1,096 (3,985)
Total other expense (income) 187,610 170,818 113,661
Income from operations before equity in income of investments in real estate partnerships and income taxes 182,302 209,351 125,902
Equity in income of investments in real estate partnerships (note 4) 60,956 42,974 43,341
Net income 243,258 252,325 178,980
Noncontrolling interests:      
Limited partners’ interests in consolidated partnerships (3,194) (2,673) (2,515)
Income attributable to noncontrolling interests (3,194) (2,673) (2,515)
Net income attributable to the Company 240,064 249,652 176,465
Net income attributable to the Company 240,064 249,652 176,465
Income from operations before equity in income of investments in real estate partnerships and income taxes 182,302 209,351 125,902
Deferred income tax benefit of taxable REIT subsidiary     (9,737)
Preferred unit distributions and issuance costs     (16,128)
Net income attributable to common unit holders $ 240,064 $ 249,652 $ 160,337
Income per common unit - basic (note 15): $ 1.43 $ 1.47 $ 1.00
Income per common unit - diluted (note 15): $ 1.43 $ 1.46 $ 1.00