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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Rental and other income $ 711,064 $ 673,642
Management, development and other fees 1,795 1,066
Total revenue 712,859 674,708
Expenses:    
Operating expenses, excluding property taxes 175,916 164,832
Property taxes 79,780 74,495
Expensed transaction, development and other pursuit costs, net of recoveries 4,245 2,992
Interest expense, net 54,766 56,821
Depreciation expense 212,269 204,743
General and administrative expense 20,331 20,400
Casualty and impairment loss 2,935 5,051
Total expenses 550,242 529,334
Income from unconsolidated investments 10,847 4,845
Other real estate activity 71 116
Income before income taxes 173,535 150,335
Income tax benefit (expense) 22 (3,560)
Net income 173,557 146,775
Net (income) loss attributable to noncontrolling interests (108) 127
Net income attributable to common stockholders 173,449 146,902
Other comprehensive income:    
Gain (loss) on cash flow hedges 7,339 (340)
Cash flow hedge losses reclassified to earnings 146 354
Comprehensive income $ 180,934 $ 146,916
Earnings per common share - basic:    
Net income attributable to common stockholders (in dollars per share) $ 1.22 $ 1.05
Earnings per common share - diluted:    
Net income attributable to common stockholders (in dollars per share) $ 1.22 $ 1.05

Source

10-Q PDF
XBRL