XML 32 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member]
REVENUES (Note 2):      
Rental income (Note 18) $ 1,117,737 $ 1,086,018 $ 948,994
Other property income 11,957 10,969 6,046
Total revenues 1,129,694 1,096,987 955,040
EXPENSES:      
Property expenses 228,964 202,744 165,702
Real estate taxes 105,868 105,869 93,209
Ground leases (Note 19) 9,732 7,565 7,421
General and administrative expenses (Note 16) 93,434 93,642 92,749
Leasing costs 6,506 4,879 3,249
Depreciation and amortization (Notes 2 and 7) 355,278 357,611 310,043
Total expenses 799,782 772,310 672,373
OTHER INCOME (EXPENSES) :      
Interest and other income, net (Note 20) 22,592 1,765 3,916
Interest expense (Note 10) (114,216) (84,278) (78,555)
Gains on sales of depreciable operating properties (Note 4) 0 17,329 463,128
Loss on early extinguishment of debt (Note 10) 0 0 (12,246)
Total other (expenses) income (91,624) (65,184) 376,243
NET INCOME 238,288 259,493 658,910
Net income attributable to noncontrolling common units of the Operating Partnership (Notes 2 and 12) (2,083) (2,283) (6,163)
Net income attributable to noncontrolling interests in consolidated property partnerships (Notes 2 and 12) (23,964) (24,595) (24,603)
Total income attributable to noncontrolling interests (26,047) (26,878) (30,766)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 212,241 $ 232,615 $ 628,144
Net income available to common stockholders per share - basic ( in dollars per share) $ 1.80 $ 1.98 $ 5.38
Net income available to common stockholders per share - diluted (in dollars per share) $ 1.80 $ 1.97 $ 5.36
Weighted average common units outstanding - basic (in shares) 117,160,173 116,806,575 116,429,130
Weighted average shares of common stock outstanding – diluted (in shares) 117,506,255 117,220,047 116,948,643