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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]
REVENUES        
Rental income (Note 9) $ 274,909 $ 285,951 $ 826,224 $ 836,760
Other property income 4,835 3,987 14,256 12,490
Total revenues 279,744 289,938 840,480 849,250
EXPENSES        
Property expenses 61,764 63,593 179,053 180,192
Real estate taxes 25,878 26,677 81,008 84,925
Ground leases 3,018 2,977 9,057 8,725
General and administrative expenses (Note 8) 18,247 17,981 53,623 54,097
Leasing costs 2,610 2,353 7,760 6,751
Depreciation and amortization 87,487 91,879 262,231 267,061
Total expenses 199,004 205,460 592,732 601,751
OTHER INCOME (EXPENSES)        
Interest income 3,119 9,688 4,765 32,962
Interest expense (Note 5) (32,152) (36,408) (94,144) (112,042)
Other income (expense) (Note 1) 91 (85) 124 (499)
Gains on sales of depreciable operating properties (Note 3) 110,484 0 127,038 0
Total other expenses 81,542 (26,805) 37,783 (79,579)
NET INCOME 162,282 57,673 285,531 167,920
Net income attributable to noncontrolling common units of the Operating Partnership (1,524) (509) (2,562) (1,469)
Net income attributable to noncontrolling interests in consolidated property partnerships (4,538) (4,786) (19,292) (14,942)
Total income attributable to noncontrolling interests (6,062) (5,295) (21,854) (16,411)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 156,220 $ 52,378 $ 263,677 $ 151,509
Net income available to common stockholders per share – basic (Note 12) (in dollars per share) $ 1.32 $ 0.44 $ 2.22 $ 1.27
Net income available to common stockholders per share – diluted (Note 12) (in dollars per share) $ 1.31 $ 0.44 $ 2.21 $ 1.27
Weighted average shares of common stock outstanding – basic (Note 12) (in shares) 118,295,812 117,830,481 118,258,947 117,515,623
Weighted average shares of common stock outstanding – diluted (Note 12) (in shares) 118,822,262 118,243,913 118,723,921 117,954,763