XML 29 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
EPT - Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental and other property $ 1,658,264 $ 1,595,675 $ 1,431,418
Management and other fees from affiliates 11,131 11,139 9,138
Total revenues 1,669,395 1,606,814 1,440,556
Expenses:      
Property operating, excluding real estate taxes 299,672 283,351 264,869
Real estate taxes 185,807 183,918 180,367
Corporate-level property management expenses 45,872 40,704 36,211
Depreciation and amortization 548,438 539,319 520,066
General and administrative 63,474 56,577 51,838
Expensed acquisition and investment related costs 595 2,132 203
Casualty loss 433 0 0
Total expenses 1,144,291 1,106,001 1,053,554
Gain on sale of real estate and land 59,238 94,416 142,993
Earnings from operations 584,342 595,229 529,995
Interest expense (212,905) (204,798) (203,125)
Total return swap income 3,148 7,907 10,774
Interest and other income (loss) 46,259 (19,040) 98,744
Equity income from co-investments 10,561 26,030 111,721
Tax (expense) benefit on unconsolidated co-investments (697) 10,236 (15,668)
Loss on early retirement of debt, net 0 (2) (19,010)
Gain on remeasurement of co-investment 0 17,423 2,260
Net income 430,708 432,985 515,691
Net income attributable to noncontrolling interest (24,883) (24,670) (27,137)
Net income available to common stockholders $ 405,825 $ 408,315 $ 488,554
Basic:      
Net income available to common stockholders/unitholders (in dollars per share) $ 6.32 $ 6.27 $ 7.51
Weighted average number of shares/units outstanding during the year (in shares) 64,252,232 65,079,764 65,051,465
Diluted:      
Net income available to common stockholders/unitholders (in dollars per share) $ 6.32 $ 6.27 $ 7.51
Weighted average number of shares/units outstanding during the year (in shares) 64,253,385 65,098,186 65,088,874