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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]
REVENUES        
Rental income (Note 8) $ 275,919 $ 281,309 $ 550,809 $ 571,413
Other property income 4,812 2,973 8,503 5,671
Total revenues 280,731 284,282 559,312 577,084
EXPENSES        
Property expenses 59,279 55,008 116,599 108,788
Real estate taxes 29,009 28,277 58,248 56,505
Ground leases (Note 9) 2,996 2,413 5,748 4,782
General and administrative expenses (Note 7) 18,951 22,659 36,530 46,595
Leasing costs 2,119 1,326 4,398 2,698
Depreciation and amortization 87,151 90,362 175,182 184,038
Total expenses 199,505 200,045 396,705 403,406
OTHER INCOME (EXPENSES)        
Interest income 10,084 3,421 23,274 4,881
Interest expense (Note 4) (36,763) (26,383) (75,634) (52,054)
Total other expenses (26,679) (22,962) (52,360) (47,173)
NET INCOME 54,547 61,275 110,247 126,505
Net income attributable to noncontrolling common units of the Operating Partnership (458) (537) (960) (1,097)
Net income attributable to noncontrolling interests in consolidated property partnerships (4,878) (5,151) (10,156) (13,213)
Total income attributable to noncontrolling interests (5,336) (5,688) (11,116) (14,310)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 49,211 $ 55,587 $ 99,131 $ 112,195
Net income available to common stockholders per share – basic (in dollars per share) $ 0.41 $ 0.47 $ 0.83 $ 0.95
Net income available to common stockholders per share – diluted (in dollars per share) $ 0.41 $ 0.47 $ 0.83 $ 0.95
Weighted average shares of common stock outstanding – basic (in shares) 117,375,262 117,154,946 117,356,464 117,107,402
Weighted average shares of common stock outstanding – diluted (in shares) 117,663,190 117,359,517 117,810,298 117,382,783