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Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Property revenues      
Rental revenues $ 770,540 $ 750,597 $ 721,816
Other property revenues 130,356 125,850 113,802
Total property revenues 900,896 876,447 835,618
Property expenses      
Property operating and maintenance 217,817 206,780 202,105
Real estate taxes 110,925 104,575 98,895
Total property expenses 328,742 311,355 301,000
Non-property income      
Fee and asset management 8,176 6,864 6,999
Interest and other income 3,011 2,202 597
Income (loss) on deferred compensation plans 16,608 5,511 (264)
Total non-property income 27,795 14,577 7,332
Other expenses      
Property management 25,773 25,125 23,055
Fee and asset management 3,903 3,848 4,742
General and administrative 50,587 47,415 46,233
Interest 86,750 93,145 97,312
Depreciation and amortization 263,974 250,146 240,944
Expense (benefit) on deferred compensation plans 16,608 5,511 (264)
Total other expenses 447,595 425,190 412,022
Loss on early retirement of debt (323) 0 0
Gain on sale of operating properties, including land 43,231 295,397 104,288
Equity in income of joint ventures [1] 6,822 [2] 7,125 6,168
Income from continuing operations before income taxes 202,084 457,001 240,384
Income tax expense (1,224) (1,617) (1,872)
Income from continuing operations 200,860 455,384 238,512
Income from discontinued operations 0 7,605 19,750
Gain on sale of discontinued operations, net of tax 0 375,237 0
Net income 200,860 838,226 258,262
Less income allocated to non-controlling interests from continuing operations (4,438) (18,403) (8,947)
Net income attributable to common shareholders $ 196,422 $ 819,823 $ 249,315
Earnings per common share from continuing operations $ 2.14 $ 4.81 $ 2.55
Earnings per common share from discontinued operations 0.00 4.27 0.22
Total earnings per common share – basic 2.14 [3] 9.08 [3] 2.77
Earnings per common share from continuing operations 2.13 4.79 2.54
Earnings per common share from discontinued operations 0.00 4.26 0.22
Total earnings per common share – diluted $ 2.13 [3] $ 9.05 [3] $ 2.76
Weighted average number of common shares outstanding – basic 91,499 89,580 89,120
Weighted average number of common shares outstanding – diluted 92,515 89,903 89,490
Net income attributable to common shareholders      
Income from continuing operations $ 200,860 $ 455,384 $ 238,512
Less income allocated to non-controlling interests from continuing operations (4,438) (18,403) (8,947)
Income from continuing operations attributable to common shareholders 196,422 436,981 229,565
Income from discontinued operations, including gain on sale 0 382,842 19,750
Net income attributable to common shareholders 196,422 819,823 249,315
Consolidated Statements of Comprehensive Income:      
Net income 200,860 838,226 258,262
Other comprehensive income      
Unrealized gain on cash flow hedging activities 1,690 0 0
Unrealized gain (loss) and unamortized prior service cost on post retirement obligation (20) (80) 357
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation 136 130 149
Comprehensive income 202,666 838,276 258,768
Less income allocated to non-controlling interests from continuing operations (4,438) (18,403) (8,947)
Comprehensive income attributable to common shareholders $ 198,228 $ 819,873 $ 249,821
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds
[2] Equity in income for the year ended December 31, 2017 includes our ownership interest of the hurricane related expenses of approximately $0.4 million.
[3] Net income per share is computed independently for each of the quarters presented. Therefore, the sum of quarterly net income per share amounts may not equal the total computed for the year.