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Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Property revenues      
Property revenues $ 1,043,837 $ 1,028,461 $ 954,505
Property expenses      
Property operating and maintenance 252,190 235,589 220,732
Real estate taxes 142,636 130,758 122,847
Total property expenses 394,826 366,347 343,579
Non-property income      
Fee and asset management 10,800 8,696 7,231
Interest and other income 2,949 3,090 2,101
Income (loss) on deferred compensation plans 12,045 21,694 (6,535)
Total non-property income 25,794 33,480 2,797
Other expenses      
Property management 24,201 25,290 25,581
Fee and asset management 3,954 5,759 4,451
General and administrative 53,624 53,201 50,735
Interest 91,526 80,706 84,263
Depreciation and amortization 367,162 336,274 300,946
Expense (benefit) on deferred compensation plans 12,045 21,694 (6,535)
Total other expenses 552,512 522,924 459,441
Loss on early retirement of debt (176) (11,995) 0
Gain on sale of operating properties, including land 382 49,901 0
Equity in income of joint ventures [1] 8,052 [2] 14,783 7,836 [2]
Income from continuing operations before income taxes 130,551 225,359 162,118
Income tax expense (1,972) (1,089) (1,424)
Net income 128,579 224,270 160,694
Less income allocated to non-controlling interests (4,668) (4,647) (4,566)
Net income attributable to common shareholders $ 123,911 $ 219,623 $ 156,128
Total earnings per share – basic $ 1.24 $ 2.23 $ 1.63
Total earnings per share – diluted $ 1.24 $ 2.22 $ 1.63
Weighted average number of common shares outstanding – basic 99,385 98,460 95,208
Weighted average number of common shares outstanding – diluted 99,438 99,384 95,366
Consolidated Statements of Comprehensive Income:      
Net income $ 128,579 $ 224,270 $ 160,694
Other comprehensive income      
Unrealized gain (loss) on cash flow hedging activities 0 (12,998) 6,782
Unrealized gain (loss) and unamortized prior service cost on post retirement obligation (318) (449) 450
Reclassification of net (gain) loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation 1,464 (11) (246)
Comprehensive income 129,725 210,812 167,680
Less income allocated to non-controlling interests (4,668) (4,647) (4,566)
Comprehensive income attributable to common shareholders $ 125,057 $ 206,165 $ 163,114
[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, 2020 includes our ownership interest of the Resident Relief Funds payments of approximately $0.4 million. Equity in income for the year ended December 31, 2019 includes our ownership interest of the gain on sale of the operating property of approximately $6.2 million.