XML 62 R52.htm IDEA: XBRL DOCUMENT v3.23.3
Reportable Segments - Consolidated Net Income (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Segment Reporting Information          
Depreciation and amortization $ (50,968) $ (52,547) $ (152,934) $ (152,737)  
Loss on sale of real estate and impairment, net (949) (3,747) (3,581) (3,747)  
Reconciliation to consolidated net income:          
Income from other investments, net 15,658 15,580 51,283 43,316  
General and administrative (9,895) (11,086) (38,163) (34,834)  
Other expenses (1,338) (1,627) (4,187) (6,880)  
Interest and related amortization (33,434) (29,759) (99,144) (85,276)  
Equity in income of unconsolidated joint ventures 661 1,465 2,158 2,889  
Early debt retirement (68) 0 (68) (1,156)  
Consolidated net income 80,741 70,509 233,249 222,149  
Total assets 5,626,291 5,405,446 5,626,291 5,405,446 $ 5,492,519
Capital improvements 82,170 55,579 231,172 185,916  
Property Operations          
Reconciliation to consolidated net income:          
Total assets 5,351,993 5,160,230 5,351,993 5,160,230  
Capital improvements 79,750 49,553 208,576 169,233  
Home Sales and Rentals Operations          
Reconciliation to consolidated net income:          
Total assets 274,298 245,216 274,298 245,216  
Capital improvements 2,420 6,026 22,596 16,683  
Operating Segments          
Segment Reporting Information          
Operations revenues 384,204 376,705 1,115,259 1,094,210  
Operations expenses (212,081) (213,159) (599,611) (602,586)  
Income from segment operations 172,123 163,546 515,648 491,624  
Interest income 2,268 1,863 6,601 5,341  
Depreciation and amortization (50,968) (52,547) (152,934) (152,737)  
Loss on sale of real estate and impairment, net (949) (3,747) (3,581) (3,747)  
Income from operations 122,474 109,115 365,734 340,481  
Operating Segments | Property Operations          
Segment Reporting Information          
Operations revenues 351,243 338,208 1,029,609 984,535  
Operations expenses (183,579) (179,775) (526,052) (506,739)  
Income from segment operations 167,664 158,433 503,557 477,796  
Interest income 1,637 1,441 4,819 4,198  
Depreciation and amortization (48,242) (50,026) (144,659) (145,200)  
Loss on sale of real estate and impairment, net (949) (2,289) (3,581) (2,289)  
Income from operations 120,110 107,559 360,136 334,505  
Reconciliation to consolidated net income:          
Income from other investments, net 15,658 15,580 51,283 43,316  
Operating Segments | Home Sales and Rentals Operations          
Segment Reporting Information          
Operations revenues 32,961 38,497 85,650 109,675  
Operations expenses (28,502) (33,384) (73,559) (95,847)  
Income from segment operations 4,459 5,113 12,091 13,828  
Interest income 631 422 1,782 1,143  
Depreciation and amortization (2,726) (2,521) (8,275) (7,537)  
Loss on sale of real estate and impairment, net 0 (1,458) 0 (1,458)  
Income from operations 2,364 1,556 5,598 5,976  
Segment Reconciling Items          
Reconciliation to consolidated net income:          
Corporate interest income 8 2 22 5  
Income from other investments, net 2,333 2,399 6,897 6,920  
General and administrative (9,895) (11,086) (38,163) (34,834)  
Other expenses (1,338) (1,627) (4,187) (6,880)  
Interest and related amortization (33,434) (29,759) (99,144) (85,276)  
Equity in income of unconsolidated joint ventures 661 $ 1,465 2,158 2,889  
Early debt retirement $ (68)   $ (68) $ (1,156)