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Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Property revenues    
Property revenues $ 311,359 $ 267,568
Property expenses    
Property operating and maintenance 70,437 63,479
Real estate taxes 39,873 37,453
Total property expenses 110,310 100,932
Non-property income    
Fee and asset management 2,450 2,206
Interest and other income 2,131 332
Income/(loss) on deferred compensation plans (7,497) 3,626
Total non-property income/(loss) (2,916) 6,164
Other expenses    
Property management 7,214 6,124
Fee and asset management 1,175 1,132
General and administrative 14,790 14,222
Interest 24,542 23,644
Depreciation and amortization 113,138 93,141
Expense/(benefit) on deferred compensation plans (7,497) 3,626
Total other expenses 153,362 141,889
Gain on sale of operating property 36,372 0
Equity in income of joint ventures 3,048 1,914
Income from continuing operations before income taxes 84,191 32,825
Income tax expense (590) (352)
Net income 83,601 32,473
Less income allocated to non-controlling interests (2,856) (1,126)
Net income attributable to common shareholders $ 80,745 $ 31,347
Earnings per share – basic $ 0.77 $ 0.31
Earnings per share – diluted $ 0.76 $ 0.31
Weighted average number of common shares outstanding – basic 105,336 99,547
Weighted average number of common shares outstanding – diluted 106,152 99,621
Condensed Consolidated Statements of Comprehensive Income    
Net income $ 83,601 $ 32,473
Other comprehensive income    
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation 369 373
Comprehensive income 83,970 32,846
Less income allocated to non-controlling interests (2,856) (1,126)
Comprehensive income attributable to common shareholders $ 81,114 $ 31,720