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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Rents and other single-family property revenues $ 361,876   $ 313,654   $ 717,981 $ 626,227
Expenses:            
General and administrative expense 18,847   12,793   36,129 27,998
Interest expense 34,801   27,528   62,368 55,533
Acquisition and other transaction costs 7,658   2,968   13,632 7,814
Depreciation and amortization 104,415   91,117   204,369 181,188
Total expenses 323,759   273,400   634,213 553,920
Gain on sale and impairment of single-family properties and other, net 32,811   10,760   54,855 26,829
Other income and expense, net 3,627   800   5,946 1,599
Net income 74,555 $ 70,014 51,814 $ 48,921 144,569 100,735
Noncontrolling interest 8,343   3,218   16,655 8,143
Dividends on preferred shares 4,346 $ 5,763 12,615 $ 13,782 10,109 26,397
Redemption of perpetual preferred shares 5,276   15,879   5,276 15,879
Net income attributable to common shareholders $ 56,590   $ 20,102   $ 112,529 $ 50,316
Weighted-average common shares outstanding:            
Basic (in shares) 348,484,158   319,752,730   347,123,576 318,380,175
Diluted (in shares) 349,002,624   320,808,996   347,751,958 319,408,153
Net income attributable to common shareholders per share:            
Basic (in dollars per share) $ 0.16   $ 0.06   $ 0.32 $ 0.16
Diluted (in dollars per share) $ 0.16   $ 0.06   $ 0.32 $ 0.16
Property operating expenses            
Expenses:            
Cost of goods and services sold $ 129,270   $ 116,578   $ 262,913 $ 235,272
Property management expenses            
Expenses:            
Cost of goods and services sold $ 28,768   $ 22,416   $ 54,802 $ 46,115