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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Rents and other single-family property revenues $ 1,728,697 $ 1,623,605 $ 1,490,534
Expenses:      
General and administrative expense 83,590 74,615 68,057
Interest expense 165,351 140,198 134,871
Acquisition and other transaction costs 12,192 16,910 23,452
Depreciation and amortization 477,010 456,550 426,531
Hurricane-related charges, net 8,884 0 6,133
Total expenses 1,502,231 1,411,095 1,323,833
Gain on sale and impairment of single-family properties and other, net 225,756 209,834 136,459
Loss on early extinguishment of debt (6,323) 0 0
Other income and expense, net 22,243 9,798 6,865
Net income 468,142 432,142 310,025
Noncontrolling interest 55,716 51,974 36,887
Dividends on preferred shares 13,944 13,944 17,081
Redemption of perpetual preferred shares 0 0 5,276
Net income attributable to common shareholders / unitholders $ 398,482 $ 366,224 $ 250,781
Weighted-average common shares outstanding:      
Basic (in shares) 367,454,012 362,024,968 349,290,848
Diluted (in shares) 367,989,537 362,477,216 349,787,092
Net income attributable to common shareholders per share:      
Basic (in dollars per share) $ 1.08 $ 1.01 $ 0.72
Diluted (in dollars per share) $ 1.08 $ 1.01 $ 0.71
Property operating expenses      
Expenses:      
Property operating and management expenses $ 625,883 $ 599,459 $ 552,091
Property management expenses      
Expenses:      
Property operating and management expenses $ 129,321 $ 123,363 $ 112,698