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Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Property revenues    
Property revenues $ 267,568 $ 265,879
Property expenses    
Property operating and maintenance 63,479 59,956
Real estate taxes 37,453 34,180
Total property expenses 100,932 94,136
Non-property income    
Fee and asset management 2,206 2,527
Interest and other income 332 329
Income/(loss) on deferred compensation plans 3,626 (14,860)
Total non-property income (loss) 6,164 (12,004)
Other expenses    
Property management 6,124 6,527
Fee and asset management 1,132 843
General and administrative 14,222 13,233
Interest 23,644 19,707
Depreciation and amortization 93,141 91,859
Expense/(benefit) on deferred compensation plans 3,626 (14,860)
Total other expenses 141,889 117,309
Gain on sale of land 0 382
Equity in income of joint ventures [1] 1,914 2,122
Income from continuing operations before income taxes 32,825 44,934
Income tax expense (352) (467)
Net income 32,473 44,467
Less income allocated to non-controlling interests (1,126) (1,183)
Net income attributable to common shareholders $ 31,347 $ 43,284
Earnings per share – basic $ 0.31 $ 0.43
Earnings per share – diluted $ 0.31 $ 0.43
Weighted average number of common shares outstanding – basic 99,547 99,298
Weighted average number of common shares outstanding – diluted 99,621 99,380
Condensed Consolidated Statements of Comprehensive Income    
Net income $ 32,473 $ 44,467
Other comprehensive income    
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation 373 366
Comprehensive income 32,846 44,833
Less income allocated to non-controlling interests (1,126) (1,183)
Comprehensive income attributable to common shareholders $ 31,720 $ 43,650
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.