CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2026	Mar. 31, 2025
Revenues:
Resident fees and services		$ 2,780,931	$ 1,864,530
Rental income		453,842	461,567
Interest income		70,929	62,490
Other income		46,224	34,500
Total revenues		3,351,926	2,423,087
Expenses:
Property operating expenses		2,055,420	1,462,390
Depreciation and amortization		622,752	485,869
Interest expense		192,715	144,962
General and administrative expenses		67,474	63,758
Loss (gain) on derivatives and financial instruments, net		0	(3,210)
Loss (gain) on extinguishment of debt, net		727	6,156
Provision for loan losses, net		1,632	(2,007)
Impairment of assets		4,826	52,402
Other expenses		61,137	14,060
Total expenses		3,006,683	2,224,380
Income (loss) from continuing operations before income taxes and other items		345,243	198,707
Income tax (expense) benefit		(11,633)	5,519
Income (loss) from unconsolidated entities		(1,686)	1,263
Gain (loss) on real estate dispositions and acquisitions of controlling interests, net		420,400	51,777
Income (loss) from continuing operations		752,324	257,266
Net income (loss)		752,324	257,266
Less: Net income (loss) attributable to noncontrolling interests	[1]	23,652	(691)
Net income (loss) attributable to common stockholders		$ 728,672	$ 257,957
Weighted average number of common shares outstanding:
Basic (in shares)		699,837	643,393
Diluted (in shares)		726,255	653,795
Basic:
Income (loss) from continuing operations (in dollars per share)		$ 1.07	$ 0.40
Net income (loss) attributable to common stockholders (in dollars per share)		1.04	0.40
Diluted:
Income (loss) from continuing operations (in dollars per share)		1.04	0.39
Net income (loss) attributable to common stockholders (in dollars per share)	[2]	1.02	0.40
Dividends declared and paid per common share (in dollars per share)		$ 0.74	$ 0.67
Net income (loss)		$ 752,324	$ 257,266
Other comprehensive income (loss):
Foreign currency translation gain (loss)		(379,211)	168,537
Derivative and financial instruments designated as hedges gain (loss)		322,031	(118,291)
Total other comprehensive income (loss)		(57,180)	50,246
Total comprehensive income (loss)		695,144	307,512
Less: Total comprehensive income (loss) attributable to noncontrolling interests	[3]	21,297	(629)
Total comprehensive income (loss) attributable to common stockholders		$ 673,847	$ 308,141

[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.