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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Rental and other income $ 560,935 $ 575,479 $ 1,111,194 $ 1,176,123
Management, development and other fees 808 926 1,685 1,933
Total revenue 561,743 576,405 1,112,879 1,178,056
Expenses:        
Operating expenses, excluding property taxes 141,622 131,090 281,673 263,083
Property taxes 70,776 67,013 140,186 134,039
Other Nonoperating Income (Expense) 1,653 388 1,483 3,722
Interest Expense 56,104 53,399 108,717 109,313
Gain (Loss) on Extinguishment of Debt 0 268 (122) 9,438
Depreciation expense 184,472 176,249 367,769 354,160
General and administrative expense 18,465 15,573 35,817 32,893
Casualty and impairment loss 1,177 0 1,177 0
Total expenses 474,269 443,980 936,700 906,648
Income from investments in unconsolidated entities 26,559 512 26,092 1,687
Gains (Losses) on Sales of Investment Real Estate 334,569 35,295 388,296 59,731
Gain on other real estate transactions, net 32 156 459 199
Net for-sale condominium activity (647) 1,348 (1,560) 4,808
Income before income taxes 447,987 169,736 589,466 337,833
Income tax (expense) benefit (10) 1,133 745 1,042
Net income 447,977 170,869 590,211 338,875
Net income attributable to noncontrolling interests (24) (41) (35) (76)
Net income attributable to common stockholders 447,953 170,828 590,176 338,799
Other comprehensive income:        
Loss on cash flow hedges (822) (1,461) (822) (19,064)
Cash flow hedge losses reclassified to earnings 2,366 2,301 4,733 4,250
Comprehensive income $ 449,497 $ 171,668 $ 594,087 $ 323,985
Earnings per common share - basic:        
Net income attributable to common stockholders (in dollars per share) $ 3.21 $ 1.21 $ 4.23 $ 2.41
Earnings per common share - diluted:        
Net income attributable to common stockholders (in dollars per share) $ 3.21 $ 1.21 $ 4.23 $ 2.41