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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Rental income $ 225,910 $ 216,133 $ 449,494 $ 424,504
Total revenues 260,805 248,664 517,333 487,229
OPERATING EXPENSES        
Property operating expenses 74,821 73,472 145,948 144,039
Depreciation and amortization 50,358 79,046 100,687 161,603
General and administrative 14,325 13,725 28,999 28,250
Total operating expenses 139,504 166,243 275,634 333,892
Interest:        
Interest expense on loans (23,544) (23,055) (47,235) (45,879)
Loan procurement amortization expense (1,041) (959) (2,081) (1,916)
Equity in earnings of real estate ventures 790 680 3,341 974
Other 777 (493) 501 (9,656)
Total other expense (23,018) (23,827) (45,474) (56,477)
NET INCOME 98,283 58,594 196,225 96,860
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Noncontrolling interests in the Operating Partnership (616) (379) (1,230) (671)
Noncontrolling interest in subsidiaries 212 143 450 324
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 97,879 $ 58,358 $ 195,445 $ 96,513
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.43 $ 0.26 $ 0.87 $ 0.43
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.43 $ 0.26 $ 0.86 $ 0.43
Weighted average basic shares outstanding (in shares) 225,388 224,960 225,342 224,812
Weighted average diluted shares outstanding (in shares) 226,275 225,895 226,238 225,820
Other Property Related Income        
REVENUES        
Property related income $ 25,760 $ 23,861 $ 50,144 $ 46,141
Property Management Fee Income        
REVENUES        
Property related income $ 9,135 $ 8,670 $ 17,695 $ 16,584