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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES        
Rental income $ 226,791 $ 225,910 $ 451,981 $ 449,494
Total revenues 266,209 260,805 527,615 517,333
OPERATING EXPENSES        
Property operating expenses 83,097 74,821 160,134 145,948
Depreciation and amortization 51,035 50,358 101,752 100,687
General and administrative 14,622 14,325 30,247 28,999
Total operating expenses 148,754 139,504 292,133 275,634
Interest:        
Interest expense on loans (22,767) (23,544) (45,686) (47,235)
Loan procurement amortization expense (1,015) (1,041) (2,045) (2,081)
Equity in earnings of real estate ventures 425 790 1,270 3,341
Other 88 777 23 501
Total other expense (23,269) (23,018) (46,438) (45,474)
NET INCOME 94,186 98,283 189,044 196,225
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Net income attributable to noncontrolling interests in the Operating Partnership (524) (616) (1,065) (1,230)
Net loss attributable to noncontrolling interests in subsidiaries 302 212 512 450
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 93,964 $ 97,879 $ 188,491 $ 195,445
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.42 $ 0.43 $ 0.83 $ 0.87
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.41 $ 0.43 $ 0.83 $ 0.86
Weighted average basic shares outstanding (in shares) 225,886 225,388 225,827 225,342
Weighted average diluted shares outstanding (in shares) 226,618 226,275 226,593 226,238
Other Property Related Income        
REVENUES        
Property related income $ 28,958 $ 25,760 $ 55,274 $ 50,144
Property Management Fee Income        
REVENUES        
Property related income $ 10,460 $ 9,135 $ 20,360 $ 17,695