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EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental and other property $ 413,265 $ 397,240 $ 822,921 $ 776,456
Management and other fees from affiliates 2,778 2,738 5,543 5,427
Revenues 416,043 399,978 828,464 781,883
Expenses:        
Property operating, excluding real estate taxes 73,843 69,761 147,725 138,619
Real estate taxes 45,381 43,759 91,911 91,001
Corporate-level property management expenses 11,451 10,176 22,883 20,348
Depreciation and amortization 136,718 134,517 273,065 268,050
General and administrative 13,813 13,127 29,124 25,369
Expensed acquisition and investment related costs 5 10 344 18
Casualty loss 0 0 433 0
Total expenses 281,211 271,350 565,485 543,405
Gain on sale of real estate and land 0 0 59,238 0
Earnings from operations 134,832 128,628 322,217 238,478
Interest expense (52,600) (50,477) (103,645) (100,854)
Total return swap income 821 2,283 1,854 4,827
Interest and other income (loss) 12,199 (17,208) 24,649 (24,775)
Equity income (loss) from co-investments 12,237 (8,400) 23,108 12,771
Deferred tax (expense) benefit on unconsolidated co-investments (1,733) 6,864 (833) 9,618
Net income 105,756 61,690 267,350 140,065
Net income attributable to noncontrolling interest (6,136) (4,636) (14,198) (9,757)
Net income available to common stockholders 99,620 57,054 253,152 130,308
Comprehensive income 121,142 73,400 272,442 172,256
Comprehensive income attributable to noncontrolling interest (6,659) (5,029) (14,371) (10,842)
Comprehensive income attributable to controlling interest $ 114,483 $ 68,371 $ 258,071 $ 161,414
Basic:        
Net income available to common stockholders (in dollars per share) $ 1.55 $ 0.87 $ 3.94 $ 2.00
Weighted average number of shares outstanding during the period (in shares) 64,182,555 65,262,517 64,319,783 65,269,109
Diluted:        
Net income available to common stockholders (in dollars per share) $ 1.55 $ 0.87 $ 3.94 $ 2.00
Weighted average number of shares outstanding during the period (in shares) 64,183,675 65,289,603 64,320,898 65,307,572