Fiscal period | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
Period End Date | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 |
Rental income | 1,512.36 | 1,284.67 | 1,236.10 | 1,138.14 | 1,035.11 | 984.31 | 948.46 | 871.93 | 805.00 | 746.48 |
Non-property income: Sale of technology investment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Non-property income: Sale of unconsolidated joint venture | 5.02 | 6.10 | 5.07 | 14.06 | 11.75 | 11.48 | 11.40 | 22.71 | 13.04 | 12.44 |
Non-property income: Other income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Total Revenues | 1,517.39 | 1,290.77 | 1,241.17 | 1,152.19 | 1,046.86 | 995.79 | 959.86 | 894.64 | 818.05 | 758.93 |
Rental expenses: Real estate taxes and insurance | 221.66 | 199.45 | 180.45 | 150.89 | 133.91 | 121.15 | 115.43 | 102.96 | 99.18 | 93.77 |
Rental expenses: Personnel | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Rental expenses: Utilities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Rental expenses: Repair and maintenance | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Rental expenses: Administrative and marketing | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Rental expenses: Property management | 49.15 | 38.54 | 35.54 | 32.72 | 28.47 | 27.07 | 26.08 | 23.98 | 22.14 | 20.53 |
Rental expenses: Other operating expenses | 17.49 | 21.65 | 22.76 | 13.93 | 12.10 | 9.06 | 7.65 | 9.71 | 8.27 | 7.14 |
Rental expenses: Property operating and maintenance | 250.31 | 218.09 | 201.94 | 178.95 | 169.08 | 164.66 | 159.95 | 155.10 | 149.43 | 144.32 |
Real estate depreciation and amortization | 665.23 | 606.65 | 608.62 | 501.26 | 429.01 | 430.05 | 419.62 | 374.60 | 358.15 | 339.53 |
Other depreciation and amortization | 14.34 | 13.19 | 10.01 | 6.67 | 6.67 | 6.41 | 6.02 | 6.68 | 5.78 | 6.74 |
Amortization of convertible debt discount | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
General and administrative | 64.14 | 57.54 | 49.89 | 51.53 | 46.98 | 48.57 | 49.76 | 59.69 | 47.80 | 42.24 |
Litigation settlement charges | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Hurricane related expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Prepayment penalty on debt restructure | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Interest: Expense incurred | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Other debt (charges)/benefits, net | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Severance costs and other organizational charges | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Casualty-related (recoveries)/charges, net | (9.73) | (3.75) | (2.13) | (0.47) | (2.12) | (4.34) | (0.73) | (2.34) | (0.54) | 12.25 |
Gain/(loss) on sale of real estate owned | 25.49 | 136.05 | 119.28 | 5.28 | 136.20 | 43.40 | 226.20 | -- | -- | -- |
Total operating expenses | 1,292.07 | 1,158.85 | 1,111.34 | 936.42 | 828.34 | 811.30 | 785.24 | 735.05 | 691.28 | 642.01 |
Income (loss) from operations | 250.81 | 267.97 | 249.10 | 221.06 | 354.72 | 227.90 | 400.82 | 159.59 | 126.76 | 116.92 |
Interest | 155.90 | 186.27 | 202.71 | 170.92 | 134.17 | 128.71 | 123.03 | 121.88 | 130.45 | 126.08 |
Impairment loss on real estate and investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gains on sales of depreciable property | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Loss on early debt retirement | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income (Loss) from unconsolidated entities | 4.95 | 65.65 | 18.84 | 137.87 | (5.06) | 31.26 | 52.23 | 62.33 | (7.01) | (0.42) |
Tax benefit for the TRS | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Expenses related to tender offer | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Write-off of FMV adjustment for debt paid off on consolidated joint venture | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Interest and other income | (6.93) | 15.09 | 6.27 | 15.40 | 6.74 | 1.97 | 1.93 | 1.55 | 11.86 | 4.62 |
Tax benefit for taxable REIT subsidiary | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Pre-Tax Income | 92.93 | 162.43 | 71.52 | 203.42 | 222.23 | 132.42 | 331.95 | 101.60 | 1.16 | (4.96) |
Tax benefit, net | 0.35 | 1.44 | 2.55 | 3.84 | 0.69 | (0.24) | 11.57 | (3.89) | (15.10) | (7.30) |
Current - Federal | -- | 2.69 | (0.15) | 1.47 | 0.22 | (1.21) | 0.07 | 0.03 | -- | -- |
Current - State | 0.44 | 1.24 | 1.37 | 0.74 | 0.40 | 0.41 | 0.37 | 0.87 | -- | -- |
Deferred - Federal | (0.03) | (1.77) | 0.89 | 1.27 | 0.07 | 0.57 | 9.81 | (4.17) | -- | -- |
Deferred - State | (0.02) | (0.67) | 0.45 | 0.37 | 0.01 | (0.01) | 1.32 | (0.61) | -- | -- |
Deferred - Investment tax credit | (0.05) | (0.05) | (0.03) | -- | -- | -- | -- | -- | -- | -- |
Minority interests of outside partnerships | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Minority interests of unitholders in operating partnerships | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net gain on the sale of depreciable property to a joint venture | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income from continuing operations | -- | -- | -- | -- | -- | -- | -- | 105.48 | 16.26 | 2.34 |
Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 43.94 |
Income Before Extraordinary Income & Accounting Change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income/(loss) before gain/(loss) on sale of real estate owned | -- | -- | -- | -- | -- | -- | -- | -- | 16.27 | 46.28 |
Extraordinary item--early extinguishment of debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gain/(loss) on sale of real estate owned, net of tax | -- | -- | -- | -- | -- | -- | -- | 251.68 | 143.57 | -- |
Consolidated net income (loss) | 92.58 | 160.99 | 68.97 | 199.58 | 221.54 | 132.66 | 320.38 | 357.16 | 159.84 | 46.28 |
Net loss/(income) attributable to non-controlling interests | 0.04 | 0.10 | 0.16 | 0.19 | 0.22 | 0.16 | 0.38 | 0.00 | 0.00 | (0.06) |
Net loss attributable to redeemable non-controlling interests in OP | 5.61 | 10.87 | 4.54 | 14.43 | 18.22 | 10.93 | 27.28 | 16.77 | 5.51 | 1.53 |
Distributions to preferred stockholders- SeriesB | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Distributions to preferred stockholders- SeriesD (Convertible) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Distributions to preferred stockholders- SeriesE (Convertible) | 4.41 | 4.23 | 4.23 | 4.10 | 3.87 | 3.71 | 3.72 | 3.72 | 3.72 | 3.72 |
Premium on preferred stock conversions | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Distributions to preferred shareholders--Series A and B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Distributions to preferred stockholders- Series G | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Discount on preferred stock repurchases, net | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net income (loss) available to common shareholders | 82.51 | 145.79 | 60.04 | 180.86 | 199.24 | 117.85 | 289.00 | 336.66 | 150.61 | 41.09 |
Earnings Per Share (Basic) - Cont Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.01) |
Earnings Per Share (Basic) - Disc Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.17 |
Extraordinary items, net of minority interests | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Basic) | 0.26 | 0.49 | 0.20 | 0.63 | 0.74 | 0.44 | 1.09 | 1.30 | 0.60 | 0.16 |
Earnings Per Share (Diluted) - Cont Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.01) |
Earnings Per Share (Diluted) - Disc Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.17 |
Extraordinary items, net of minority interests | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Diluted) | 0.26 | 0.48 | 0.20 | 0.63 | 0.74 | 0.44 | 1.08 | 1.29 | 0.59 | 0.16 |
Weighted Average Shares Outstanding (Basic) | 321.67 | 300.33 | 294.55 | 285.25 | 268.18 | 267.02 | 265.39 | 258.67 | 251.53 | 249.97 |
Weighted Average Shares Outstanding (Diluted) | 322.70 | 301.70 | 294.93 | 286.02 | 269.48 | 268.83 | 267.31 | 263.75 | 253.45 | 249.97 |
Funds from operations (FFO) | 762.38 | 661.15 | 593.76 | 633.38 | 574.12 | 542.62 | 530.81 | 459.29 | 415.43 | 380.50 |