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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Revenue $ 1,410,308,000 $ 1,283,566,000 $ 1,383,212,000
Expenses:      
Property operating expenses 1,174,151,000 1,109,070,000 1,091,812,000
Depreciation and amortization 284,083,000 239,280,000 271,131,000
General and administrative 26,131,000 26,435,000 34,087,000
Acquisition and certain other transaction related costs 10,853,000 2,605,000 17,506,000
Impairment of assets 18,380,000 0 (174,000)
Total expenses 1,513,598,000 1,377,390,000 1,414,362,000
Gain on sale of properties 1,205,000 321,862,000 492,272,000
Gains and losses on equity securities, net 8,126,000 (25,660,000) (42,232,000)
Interest and other income 15,536,000 15,929,000 20,635,000
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $11,811, $8,658 and $13,408, respectively) (191,775,000) (209,383,000) (255,759,000)
Loss on modification or early extinguishment of debt (2,468,000) (30,043,000) (2,410,000)
(Loss) income from continuing operations before income tax expense and equity in net (losses) earnings of investees (272,666,000) (21,119,000) 181,356,000
Income tax expense (445,000) (710,000) (1,430,000)
Equity in net (losses) earnings of investees (20,461,000) 6,055,000 0
Net (loss) income (293,572,000) (15,774,000) 179,926,000
Net income attributable to noncontrolling interest 0 0 (5,411,000)
Net (loss) income attributable to common shareholders $ (293,572,000) $ (15,774,000) $ 174,515,000
Weighted average shares used in computing earnings per common share:      
Weighted average common shares outstanding (basic) (in shares) 238,836 238,314 237,967
Weighted average common shares outstanding (diluted) (in shares) 238,836 238,314 237,967
Per common share amounts (basic and diluted)      
Net income (loss) attributable to common shareholders - basic (in dollars per share) $ (1.23) $ (0.07) $ 0.73
Net income (loss) attributable to common shareholders - diluted (in dollars per share) $ (1.23) $ (0.07) $ 0.73
Affiliated Entity      
Expenses:      
Equity in net (losses) earnings of investees $ (20,461,000) $ 6,055,000 $ 0
Rental income      
Revenues:      
Revenue 258,400,000 260,740,000 408,589,000
Residents fees and services      
Revenues:      
Revenue $ 1,151,908,000 $ 1,022,826,000 $ 974,623,000