XML 62 R52.htm IDEA: XBRL DOCUMENT v3.23.4
Reportable Segments - Consolidated Net Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Segment Reporting Information          
Depreciation and amortization $ (51,464) $ (50,796) $ (101,966) $ (100,190)  
Loss on sale of real estate and impairment, net 0 0 (2,632) 0  
Reconciliation to consolidated net income:          
Income from other investments, net 2,473 2,617 4,564 4,521  
General and administrative (16,607) (11,679) (28,268) (23,750)  
Other expenses (1,381) (4,205) (2,849) (5,251)  
Interest and related amortization (33,122) (28,053) (65,710) (55,517)  
Equity in income of unconsolidated joint ventures 973 1,253 1,497 1,424  
Early debt retirement 0 (640) 0 (1,156)  
Consolidated net income 66,049 64,590 152,508 151,640  
Total assets 5,585,987 5,399,588 5,585,987 5,399,588 $ 5,492,519
Capital improvements (1) 51,901 69,379 149,002 130,337  
Property Operations          
Reconciliation to consolidated net income:          
Total assets 5,304,804 5,150,884 5,304,804 5,150,884  
Capital improvements (1) 41,350 64,690 128,826 119,680  
Home Sales and Rentals Operations          
Reconciliation to consolidated net income:          
Total assets 281,183 248,704 281,183 248,704  
Capital improvements (1) 10,551 4,689 20,176 10,657  
Operating Segments          
Segment Reporting Information          
Operations revenues 365,282 360,966 731,055 717,505  
Operations expenses (202,364) (206,595) (387,530) (389,427)  
Income from segment operations 162,918 154,371 343,525 328,078  
Interest income 2,253 1,722 4,333 3,479  
Depreciation and amortization (51,464) (50,796) (101,966) (100,190)  
Loss on sale of real estate and impairment, net     (2,632)    
Income from operations 113,707 105,297 243,260 231,367  
Operating Segments | Property Operations          
Segment Reporting Information          
Operations revenues 336,629 320,888 678,366 646,327  
Operations expenses (177,450) (171,960) (342,473) (326,964)  
Income from segment operations 159,179 148,928 335,893 319,363  
Interest income 1,616 1,381 3,182 2,758  
Depreciation and amortization (48,662) (48,297) (96,417) (95,174)  
Loss on sale of real estate and impairment, net     (2,632)    
Income from operations 112,133 102,012 240,026 226,947  
Operating Segments | Home Sales and Rentals Operations          
Segment Reporting Information          
Operations revenues 28,653 40,078 52,689 71,178  
Operations expenses (24,914) (34,635) (45,057) (62,463)  
Income from segment operations 3,739 5,443 7,632 8,715  
Interest income 637 341 1,151 721  
Depreciation and amortization (2,802) (2,499) (5,549) (5,016)  
Loss on sale of real estate and impairment, net     0    
Income from operations 1,574 3,285 3,234 4,420  
Segment Reconciling Items          
Reconciliation to consolidated net income:          
Corporate interest income 6   14 2  
Income from other investments, net 2,473 2,617 4,564 4,521  
General and administrative (16,607) (11,679) (28,268) (23,750)  
Other expenses (1,381) (4,205) (2,849) (5,251)  
Interest and related amortization (33,122) (28,053) (65,710) (55,517)  
Equity in income of unconsolidated joint ventures $ 973 1,253 $ 1,497 1,424  
Early debt retirement   $ (640)   $ (1,156)