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HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Rental and other revenues $ 206,997 $ 195,495 $ 617,216 $ 564,802
Operating expenses:        
Rental property and other expenses 66,334 60,567 190,125 172,982
Depreciation and amortization 73,057 66,547 212,466 189,423
Impairments of real estate assets 1,515 0 36,515 0
General and administrative 9,586 10,350 32,733 30,409
Total operating expenses 150,492 137,464 471,839 392,814
Interest expense 26,392 21,986 75,812 60,755
Other income 138 424 621 1,068
Gains on disposition of property 9,402 38,572 63,546 80,371
Equity in earnings of unconsolidated affiliates 457 546 1,083 1,614
Net income 40,110 75,587 134,815 194,286
Net (income) attributable to noncontrolling interests in the Operating Partnership (881) (1,967) (3,049) (5,084)
Net (income) attributable to noncontrolling interests in consolidated affiliates (357) (894) (880) (1,469)
Dividends on Preferred Stock (621) (621) (1,864) (1,864)
Net income available for common stockholders $ 38,251 $ 72,105 $ 129,022 $ 185,869
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.36 $ 0.69 $ 1.23 $ 1.79
Weighted average Common Shares outstanding - basic (in shares) 105,184 104,277 105,094 104,117
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.36 $ 0.69 $ 1.23 $ 1.79
Weighted average Common Shares outstanding - diluted (in shares) 107,601 107,139 107,570 106,972