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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Revenues $ 1,495,427 $ 1,410,308 $ 1,283,566
Less:      
Property operating expenses 1,236,542 1,174,151 1,109,070
Depreciation and amortization 284,957 284,083 239,280
General and administrative 26,518 26,131 26,435
Acquisition and certain other transaction related costs 2,510 10,853 2,605
Impairment of assets 70,734 18,380 0
Total expenses 1,621,261 1,513,598 1,377,390
(Loss) gain on sale of properties (18,938) 1,205 321,862
Gains and losses on equity securities, net 0 8,126 (25,660)
Interest and other income 8,950 15,536 15,929
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $103,437, $11,811 and $8,658, respectively) (235,239) (191,775) (209,383)
Loss on modification or early extinguishment of debt (324) (2,468) (30,043)
Loss before income taxes and equity in net earnings (losses) of investees (371,385) (272,666) (21,119)
Income tax expense (467) (445) (710)
Equity in net earnings (losses) of investees 1,597 (20,461) 6,055
Net loss (370,255) (293,572) (15,774)
Other comprehensive loss:      
Equity in unrealized losses of an investee (17) 0 0
Other comprehensive loss (17) 0 0
Comprehensive loss $ (370,272) $ (293,572) $ (15,774)
Weighted average common shares outstanding (basic) (in shares) 239,535 238,836 238,314
Weighted average common shares outstanding (diluted) (in shares) 239,535 238,836 238,314
Per common share amounts (basic and diluted):      
Net loss - basic (in dollars per share) $ (1.55) $ (1.23) $ (0.07)
Net loss - diluted (in dollars per share) $ (1.55) $ (1.23) $ (0.07)
Affiliated Entity      
Less:      
Equity in net earnings (losses) of investees $ 1,597 $ (20,461) $ 6,055
Rental income      
Revenues:      
Revenues 251,038 258,400 260,740
Residents fees and services      
Revenues:      
Revenues $ 1,244,389 $ 1,151,908 $ 1,022,826