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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Rental income $ 140,985 $ 131,592
Total revenues 164,081 152,845
OPERATING EXPENSES    
Property operating expenses 55,740 51,425
Depreciation and amortization 40,838 38,442
General and administrative 10,365 9,147
Total operating expenses 106,943 99,014
Interest:    
Interest expense on loans (18,681) (17,517)
Loan procurement amortization expense (754) (624)
Equity in (losses) earnings of real estate ventures (5) 261
Other 619 (165)
Total other expense (18,821) (18,045)
NET INCOME 38,317 35,786
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interests in the Operating Partnership (383) (358)
Noncontrolling interest in subsidiaries (38) 70
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 37,896 $ 35,498
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.20 $ 0.19
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.20 $ 0.19
Weighted average basic shares outstanding (in shares) 193,582 187,253
Weighted average diluted shares outstanding (in shares) 194,264 187,984
Other Property Related Income    
REVENUES    
Property related income $ 16,902 $ 15,675
Property Management Fee Income    
REVENUES    
Property related income $ 6,194 $ 5,578