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Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Property revenues      
Property revenues $ 1,143,585 $ 1,043,837 $ 1,028,461
Property expenses      
Property operating and maintenance 267,703 252,190 235,589
Real estate taxes 149,322 142,636 130,758
Total property expenses 417,025 394,826 366,347
Non-property income      
Fee and asset management 10,532 10,800 8,696
Interest and other income 1,223 2,949 3,090
Income on deferred compensation plans 14,369 12,045 21,694
Total non-property income 26,124 25,794 33,480
Other expenses      
Property management 26,339 24,201 25,290
Fee and asset management 4,511 3,954 5,759
General and administrative 59,368 53,624 53,201
Interest 97,297 91,526 80,706
Depreciation and amortization 420,692 367,162 336,274
Expense on deferred compensation plans 14,369 12,045 21,694
Total other expenses 622,576 552,512 522,924
Loss on early retirement of debt 0 (176) (11,995)
Gain on sale of operating properties, including land 174,384 382 49,901
Equity in income of joint ventures [1] 9,777 [2] 8,052 14,783 [2]
Income from continuing operations before income taxes 314,269 130,551 225,359
Income tax expense (1,893) (1,972) (1,089)
Net income 312,376 128,579 224,270
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 0 0 (12,998)
Less income allocated to non-controlling interests (8,469) (4,668) (4,647)
Net income attributable to common shareholders $ 303,907 $ 123,911 $ 219,623
Total earnings per share – basic $ 2.97 $ 1.24 $ 2.23
Total earnings per share – diluted $ 2.96 $ 1.24 $ 2.22
Weighted average number of common shares outstanding – basic 101,999 99,385 98,460
Weighted average number of common shares outstanding – diluted 102,829 99,438 99,384
Consolidated Statements of Comprehensive Income:      
Net income $ 312,376 $ 128,579 $ 224,270
Other comprehensive income      
Unrealized gain (loss) and unamortized prior service cost on post retirement obligation 154 (318) (449)
Reclassification of net (gain) loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation 1,490 1,464 (11)
Comprehensive income 314,020 129,725 210,812
Less income allocated to non-controlling interests (8,469) (4,668) (4,647)
Comprehensive income attributable to common shareholders $ 305,551 125,057 $ 206,165
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]      
Other expenses      
Gain on sale of operating properties, including land   $ 400  
[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 Fund 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.