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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Rental income $ 911,999 $ 879,289 $ 707,751
Total revenues 1,050,334 1,009,624 822,564
OPERATING EXPENSES      
Property operating expenses 294,780 293,260 252,104
Depreciation and amortization 201,238 310,610 232,049
General and administrative 57,041 54,623 47,809
Total operating expenses 553,059 658,493 531,962
Interest:      
Interest expense on loans (93,065) (93,284) (78,448)
Loan procurement amortization expense (4,141) (3,897) (8,168)
Loss on early extinguishment of debt     (20,328)
Equity in earnings of real estate ventures 6,085 48,877 25,275
Gains from sales of real estate, net     32,698
Other 6,281 (10,355) (10,818)
Total other (expense) income (84,840) (58,659) (59,789)
NET INCOME 412,435 292,472 230,813
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS      
Net income attributable to noncontrolling interests in the Operating Partnership (2,535) (1,931) (7,873)
Net loss attributable to noncontrolling interests in subsidiaries 857 722 542
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 410,757 $ 291,263 $ 223,482
Basic earnings per share attributable to common shareholders (in dollars per share) $ 1.82 $ 1.29 $ 1.10
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 1.82 $ 1.29 $ 1.09
Weighted average basic shares outstanding (in shares) 225,424 224,928 203,832
Weighted average diluted shares outstanding (in shares) 226,241 225,881 205,009
Other Property Related Income      
REVENUES      
Property related income $ 101,793 $ 96,166 $ 83,605
Property Management Fee Income      
REVENUES      
Property related income $ 36,542 $ 34,169 $ 31,208