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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Rental revenues and other property income $ 659,107 $ 637,475 $ 1,312,178 $ 1,269,572
Management fee revenues 22,294 15,976 43,702 29,918
Total revenues 681,401 653,451 1,355,880 1,299,490
Expenses:        
Property operating and maintenance 244,278 234,184 481,727 464,581
Property management expense 35,833 32,633 72,572 63,870
General and administrative 23,591 21,498 53,109 44,946
Interest expense 87,414 90,007 171,668 179,852
Depreciation and amortization 185,455 176,622 368,601 351,935
Casualty losses, impairment, and other 3,029 10,353 7,712 14,490
Total expenses 579,600 565,297 1,155,389 1,119,674
Gains (losses) on investments in equity and other securities, net (90) 1,504 (311) 1,295
Other, net (2,133) (54,012) (768) (48,039)
Gain on sale of property, net of tax 46,591 43,267 118,257 93,765
Losses from investments in unconsolidated joint ventures (4,802) (5,482) (10,020) (10,620)
Net income 141,367 73,431 307,649 216,217
Net income attributable to non-controlling interests (480) (243) (1,017) (679)
Net income attributable to common stockholders 140,887 73,188 306,632 215,538
Net income available to participating securities (222) (207) (450) (399)
Net income available to common stockholders — basic 140,665 72,981 306,182 215,139
Net income available to common stockholders — diluted $ 140,665 $ 72,981 $ 306,182 $ 215,139
Weighted average common shares outstanding — basic (in shares) 613,048,193 612,628,758 612,913,649 612,424,139
Weighted average common shares outstanding — diluted (in shares) 613,261,904 613,823,339 613,312,641 613,815,253
Net income per common share — basic (in dollars per share) $ 0.23 $ 0.12 $ 0.50 $ 0.35
Net income per common share — diluted (in dollars per share) $ 0.23 $ 0.12 $ 0.50 $ 0.35