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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Rental income $ 216,133 $ 170,359 $ 424,504 $ 332,835
Total revenues 248,664 199,247 487,229 388,088
OPERATING EXPENSES        
Property operating expenses 73,472 63,751 144,039 124,979
Depreciation and amortization 79,046 54,139 161,603 107,949
General and administrative 13,725 11,560 28,250 22,476
Total operating expenses 166,243 129,450 333,892 255,404
Interest:        
Interest expense on loans (23,055) (19,112) (45,879) (38,346)
Loan procurement amortization expense (959) (1,012) (1,916) (2,047)
Equity in earnings of real estate ventures 680 316 974 336
Other (493) 377 (9,656) 1,054
Total other expense (23,827) (19,431) (56,477) (39,003)
NET INCOME 58,594 50,366 96,860 93,681
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Noncontrolling interests in the Operating Partnership (379) (1,768) (671) (3,317)
Noncontrolling interest in subsidiaries 143 154 324 120
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 58,358 $ 48,752 $ 96,513 $ 90,484
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.26 $ 0.24 $ 0.43 $ 0.45
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.26 $ 0.24 $ 0.43 $ 0.45
Weighted average basic shares outstanding (in shares) 224,960 201,414 224,812 200,293
Weighted average diluted shares outstanding (in shares) 225,895 202,809 225,820 201,527
Other Property Related Income        
REVENUES        
Property related income $ 23,861 $ 21,218 $ 46,141 $ 40,522
Property Management Fee Income        
REVENUES        
Property related income $ 8,670 $ 7,670 $ 16,584 $ 14,731