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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Rental income $ 707,751 $ 581,009 $ 552,404
Total revenues 822,564 679,177 643,915
OPERATING EXPENSES      
Property operating expenses 252,104 223,634 209,739
Depreciation and amortization 232,049 156,573 163,547
General and administrative 47,809 41,423 38,560
Total operating expenses 531,962 421,630 411,846
Interest:      
Interest expense on loans (78,448) (75,890) (72,525)
Loan procurement amortization expense (8,168) (2,674) (2,819)
Loss on early extinguishment of debt (20,328) (18,020)  
Equity in earnings of real estate ventures 25,275 178 11,122
Gains from sales of real estate, net 32,698 6,710 1,508
Other (10,818) (240) 1,416
Total other expense (59,789) (89,936) (61,298)
NET INCOME 230,813 167,611 170,771
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS      
Noncontrolling interests in the Operating Partnership (7,873) (1,825) (1,708)
Noncontrolling interest in subsidiaries 542 (165) 54
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 223,482 $ 165,621 $ 169,117
Basic earnings per share attributable to common shareholders (in dollars per share) $ 1.10 $ 0.85 $ 0.89
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 1.09 $ 0.85 $ 0.88
Weighted average basic shares outstanding (in shares) 203,832 194,147 190,874
Weighted average diluted shares outstanding (in shares) 205,009 194,943 191,576
Other Property Related Income      
REVENUES      
Property related income $ 83,605 $ 70,723 $ 67,558
Property Management Fee Income      
REVENUES      
Property related income $ 31,208 $ 27,445 $ 23,953