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EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental and other property $ 416,398 $ 406,862 $ 1,239,319 $ 1,183,318
Management and other fees from affiliates 2,785 2,886 8,328 8,313
Revenues 419,183 409,748 1,247,647 1,191,631
Expenses:        
Property operating, excluding real estate taxes 77,020 73,450 224,745 212,069
Real estate taxes 46,876 46,593 138,787 137,594
Corporate-level property management expenses 11,504 10,184 34,387 30,532
Depreciation and amortization 137,357 135,511 410,422 403,561
General and administrative 14,611 15,172 43,735 40,541
Expensed acquisition and investment related costs 31 230 375 248
Casualty loss 0 0 433 0
Total expenses 287,399 281,140 852,884 824,545
Gain on sale of real estate and land 0 0 59,238 0
Earnings from operations 131,784 128,608 454,001 367,086
Interest expense (54,161) (51,645) (157,806) (152,499)
Total return swap income 690 1,882 2,544 6,709
Interest and other income (loss) 4,406 (6,796) 29,055 (31,571)
Equity income from co-investments 10,694 10,985 33,802 23,756
Tax (expense) benefit on unconsolidated co-investments (404) (1,755) (1,237) 7,863
Loss on early retirement of debt, net 0 (2) 0 (2)
Gain on remeasurement of co-investment 0 17,423 0 17,423
Net income 93,009 98,700 360,359 238,765
Net income attributable to noncontrolling interest (5,727) (5,858) (19,925) (15,615)
Net income available to common stockholders 87,282 92,842 340,434 223,150
Comprehensive income 97,122 124,797 369,564 297,053
Comprehensive income attributable to noncontrolling interest (5,867) (6,740) (20,238) (17,582)
Comprehensive income attributable to controlling interest $ 91,255 $ 118,057 $ 349,326 $ 279,471
Basic:        
Net income available to common stockholders (in dollars per share) $ 1.36 $ 1.43 $ 5.30 $ 3.42
Weighted average number of shares outstanding during the period (in shares) 64,184,180 65,059,678 64,274,085 65,198,532
Diluted:        
Net income available to common stockholders (in dollars per share) $ 1.36 $ 1.43 $ 5.30 $ 3.42
Weighted average number of shares outstanding during the period (in shares) 64,186,020 65,067,790 64,275,279 65,225,767