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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Revenues $ 304,078 $ 293,588
Operating expenses    
Rent 2,818 2,783
Real estate taxes 40,434 38,269
Operating and maintenance 43,331 42,574
General and administrative 22,398 22,230
Provision for doubtful accounts 2,131 1,404
Impairment charges 7,646 1,617
Depreciation and amortization 81,382 92,074
Total operating expenses 200,140 200,951
Operating income 103,938 92,637
Other income/(expense)    
Other income, net 6,179 1,273
Interest expense (49,943) (46,482)
Income from continuing operations before income taxes, net, equity in income of joint ventures, net, gain on change in control of interests and equity in income from other real estate investments, net 60,174 47,428
(Provision)/benefit for income taxes, net (52) 493
Equity in income of joint ventures, net 16,913 14,733
Gain on change in control of interests 10,188
Income from continuing operations 87,011 76,529
Gain on sale of operating properties/change in control of interests 56,971 1,686
Net income 143,982 78,215
Net loss/(income) attributable to noncontrolling interests 108 (1,482)
Net income attributable to the Company 144,090 76,733
Preferred dividends (14,589) (11,555)
Net income available to the Company's common shareholders $ 129,501 $ 65,178
Net income available to the Company:    
-Basic (in dollars per share) $ 0.30 $ 0.15
-Diluted (in dollars per share) $ 0.30 $ 0.15
Weighted average shares:    
-Basic (in shares) 423,404 423,381
-Diluted (in shares) [1] 424,521 424,146
Joint Ventures [Member]    
Other income/(expense)    
Equity in income of joint ventures, net $ 16,913 $ 14,733
Other Real Estate Investments [Member]    
Other income/(expense)    
Equity in income of joint ventures, net 9,976 3,687
Revenues from Rental Properties [Member]    
Revenues    
Revenues 230,415 227,711
Reimbursement Income [Member]    
Revenues    
Revenues 63,716 58,129
Other Rental Property Income [Member]    
Revenues    
Revenues 5,586 3,551
Management and Other Fee Incomes [Member]    
Revenues    
Revenues $ 4,361 $ 4,197
[1] The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 3,255 and 3,446 stock options that were not dilutive as of March 31, 2018 and 2017, respectively, and 1,914 shares of restricted stock that were not dilutive as of March 31, 2018.