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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Rental income $ 879,289 $ 707,751 $ 581,009
Total revenues 1,009,624 822,564 679,177
OPERATING EXPENSES      
Property operating expenses 293,260 252,104 223,634
Depreciation and amortization 310,610 232,049 156,573
General and administrative 54,623 47,809 41,423
Total operating expenses 658,493 531,962 421,630
Interest:      
Interest expense on loans (93,284) (78,448) (75,890)
Loan procurement amortization expense (3,897) (8,168) (2,674)
Loss on early extinguishment of debt   (20,328) (18,020)
Equity in earnings of real estate ventures 48,877 25,275 178
Gains from sales of real estate, net   32,698 6,710
Other (10,355) (10,818) (240)
Total other expense (58,659) (59,789) (89,936)
NET INCOME 292,472 230,813 167,611
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS      
Noncontrolling interests in the Operating Partnership (1,931) (7,873) (1,825)
Noncontrolling interest in subsidiaries 722 542 (165)
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 291,263 $ 223,482 $ 165,621
Basic earnings per share attributable to common shareholders (in dollars per share) $ 1.29 $ 1.10 $ 0.85
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 1.29 $ 1.09 $ 0.85
Weighted average basic shares outstanding (in shares) 224,928 203,832 194,147
Weighted average diluted shares outstanding (in shares) 225,881 205,009 194,943
Other Property Related Income      
REVENUES      
Property related income $ 96,166 $ 83,605 $ 70,723
Property Management Fee Income      
REVENUES      
Property related income $ 34,169 $ 31,208 $ 27,445