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Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Property revenues    
Rental revenues $ 188,102 $ 187,119
Other property revenues 31,419 30,476
Total property revenues 219,521 217,595
Property expenses    
Property operating and maintenance 51,548 50,269
Real estate taxes 27,920 26,880
Total property expenses 79,468 77,149
Non-property income    
Fee and asset management 1,748 1,765
Interest and other income 634 224
Income on deferred compensation plans 4,617 63
Total non-property income 6,999 2,052
Other expenses    
Property management 7,027 7,140
Fee and asset management 884 952
General and administrative 12,868 12,223
Interest 22,956 23,790
Depreciation and amortization 63,734 62,091
Expense on deferred compensation plans 4,617 63
Total other expenses 112,086 106,259
Loss on early retirement of debt (323) 0
Gain on sale of land 0 443
Equity in income of joint ventures [1] 1,817 1,497
Income from continuing operations before income taxes 36,460 38,179
Income tax expense (471) (315)
Income from continuing operations 35,989 37,864
Income from discontinued operations 0 5,076
Net income 35,989 42,940
Less income allocated to non-controlling interests from continuing operations (1,128) (1,210)
Net income attributable to common shareholders $ 34,861 $ 41,730
Earnings per common share from continuing operations $ 0.39 $ 0.41
Earnings per common share from discontinued operations 0.00 0.05
Earnings per common share – basic 0.39 0.46
Earnings per common share from continuing operations 0.39 0.41
Earnings per common share from discontinued operations 0.00 0.05
Earnings per share – diluted 0.39 0.46
Distributions declared per common share $ 0.75 $ 0.75
Weighted average number of common shares outstanding – basic 89,925 89,344
Weighted average number of common shares outstanding – diluted 90,949 90,509
Condensed Consolidated Statements of Comprehensive Income    
Net income $ 35,989 $ 42,940
Other comprehensive income    
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post-retirement obligation 34 32
Comprehensive income 36,023 42,972
Less income allocated to non-controlling interests from continuing operations (1,128) (1,210)
Comprehensive income attributable to common shareholders $ 34,895 $ 41,762
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.