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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental income   $ 384,059 $ 356,390
Total revenues 1,560,729 1,395,704
Expenses:    
Property operating expenses 957,753 853,669
Depreciation and amortization 339,112 304,088
Interest expense 144,403 121,696
General and administrative expenses 44,371 37,706
Loss (gain) on derivatives and financial instruments, net 930 2,578
Loss (gain) on extinguishment of debt, net 5 (12)
Provision for loan losses, net 777 (804)
Impairment of assets 12,629 0
Other expenses 22,745 26,069
Total expenses 1,522,725 1,344,990
Income (loss) from continuing operations before income taxes and other items 38,004 50,714
Income tax (expense) benefit (3,045) (5,013)
Income (loss) from unconsolidated entities (7,071) (2,884)
Gain (loss) on real estate dispositions, net 747 22,934
Income (loss) from continuing operations 28,635 65,751
Net income (loss) 28,635 65,751
Less: Net income (loss) attributable to noncontrolling interests [1] 2,962 3,826
Net income (loss) attributable to common stockholders $ 25,673 $ 61,925
Weighted average number of common shares outstanding:    
Basic (in shares) 492,061 447,379
Diluted (in shares) 494,494 449,802
Basic:    
Income (loss) from continuing operations (in dollars per share) $ 0.06 $ 0.15
Net income (loss) attributable to common stockholders (in dollars per share) 0.05 0.14
Diluted:    
Income (loss) from continuing operations (in dollars per share) 0.06 0.15
Net income (loss) attributable to common stockholders (in dollars per share) [2] 0.05 0.14
Dividends declared and paid per common share (in dollars per share) $ 0.61 $ 0.61
Other comprehensive income (loss):    
Foreign currency translation gain (loss) $ 80,765 $ (66,948)
Derivative and financial instruments designated as hedges gain (loss) (69,738) 51,940
Total other comprehensive income (loss) 11,027 (15,008)
Total comprehensive income (loss) 39,662 50,743
Less: Total comprehensive income (loss) attributable to noncontrolling interests [3] 5,841 5,974
Total comprehensive income (loss) attributable to common stockholders 33,821 44,769
Resident fees and services    
Revenues:    
Revenue from contract with customer 1,131,685 994,335
Interest income    
Revenues:    
Revenue from contract with customer 36,405 38,994
Other income    
Revenues:    
Revenue from contract with customer $ 8,580 $ 5,985
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Includes adjustment to the numerator for income (loss) attributable to OP Units and DownREIT Units.
[3] (1) Includes amounts attributable to redeemable noncontrolling interests.