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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Rental income $ 597,602 $ 682,305
EXPENSES    
Property and maintenance 117,054 115,816
Real estate taxes and insurance 103,470 97,732
Property management 26,130 27,709
General and administrative 15,383 14,518
Depreciation 199,962 212,422
Total expenses 461,999 468,197
Net gain (loss) on sales of real estate properties (43) 207,977
Operating income 135,560 422,085
Interest and other income 216 1,960
Other expenses (4,110) (2,533)
Interest:    
Expense incurred, net (67,358) (85,590)
Amortization of deferred financing costs (2,185) (2,041)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 62,123 333,881
Income and other tax (expense) benefit (153) (53)
Income (loss) from investments in unconsolidated entities (1,611) (1,157)
Net gain (loss) on sales of land parcels 5  
Net income 60,364 332,671
Net (income) loss attributable to Noncontrolling Interests:    
Operating Partnership (2,143) (11,535)
Partially Owned Properties (682) (12,530)
Net income attributable to controlling interests 57,539 308,606
Preferred distributions (773) (773)
Net income available to Common Shares $ 56,766 $ 307,833
Earnings per share – basic:    
Net income available to Common Shares $ 0.15 $ 0.83
Weighted average Common Shares outstanding 372,280 371,582
Earnings per share – diluted:    
Net income available to Common Shares $ 0.15 $ 0.83
Weighted average Common Shares outstanding 386,916 386,949