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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Resident fees and services $ 6,027,149 $ 4,753,804 $ 4,173,711
Rental income 1,570,278 1,556,073 1,451,786
Interest income 256,191 168,354 150,571
Other income 137,500 159,764 84,547
Total revenues 7,991,118 6,637,995 5,860,615
Expenses:      
Property operating expenses 4,830,211 3,947,776 3,558,770
Depreciation and amortization 1,632,093 1,401,101 1,310,368
Contractual interest expense 574,261 607,846 529,519
General and administrative expenses 235,491 179,091 150,390
Loss (gain) on derivatives and financial instruments, net (27,887) (2,120) 8,334
Loss (gain) on extinguishment of debt, net 2,130 7 680
Provision for loan losses, net 10,125 9,809 10,320
Impairment of assets 92,793 36,097 17,502
Other expenses 117,459 108,341 101,670
Total expenses 7,466,676 6,287,948 5,687,553
Income (loss) from continuing operations before income taxes and other items 524,442 350,047 173,062
Income tax (expense) benefit (2,700) (6,364) (7,247)
Income (loss) from unconsolidated entities (496) (53,442) (21,290)
Gain (loss) on real estate dispositions and acquisitions of controlling interests, net 451,611 67,898 16,043
Income (loss) from continuing operations 972,857 358,139 160,568
Net income (loss) 972,857 358,139 160,568
Less: Net income (loss) attributable to noncontrolling interests [1] 21,177 18,045 19,354
Net income (loss) attributable to common stockholders $ 951,680 $ 340,094 $ 141,214
Weighted average number of common shares outstanding:      
Basic (in shares) 602,975 515,629 462,185
Diluted (in shares) 608,750 518,701 465,158
Basic:      
Income (loss) from continuing operations (in USD per share) $ 1.61 $ 0.69 $ 0.35
Net income (loss) attributable to common stockholders (in USD per share) 1.58 0.66 0.31
Diluted:      
Income (loss) from continuing operations (in USD per share) 1.60 0.69 0.35
Net income (loss) attributable to common stockholders (in USD per share) [2] $ 1.57 $ 0.66 $ 0.30
Other comprehensive income (loss):      
Foreign currency translation gain (loss) $ (327,068) $ 223,920 $ (466,910)
Derivative and financial instruments designated as hedges gain (loss) 166,329 (245,095) 442,620
Total other comprehensive income (loss) (160,739) (21,175) (24,290)
Total comprehensive income (loss) 812,118 336,964 136,278
Less: Total comprehensive income (loss) attributable to noncontrolling interests [3] 10,091 27,637 (6,545)
Total comprehensive income (loss) attributable to common stockholders $ 802,027 $ 309,327 $ 142,823
[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] Includes amounts attributable to redeemable noncontrolling interests.