XML 92 R75.htm IDEA: XBRL DOCUMENT v3.25.4
Reportable Segments - Consolidated Net Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information      
Operations revenues $ 1,531,382 $ 1,526,166 $ 1,489,423
Reconciliation to consolidated net income:      
Depreciation and amortization (208,895) (203,879) (203,738)
Income from other investments, net 62,794 75,354 67,407
General and administrative (37,510) (38,483) (47,280)
Casualty-related charges/(recoveries), net (4,487) (20,950) 0
Interest and related amortization (131,005) (137,710) (132,342)
Income tax benefit 3,273 354 10,488
Equity in income/(loss) of unconsolidated joint ventures 6,520 6,248 2,713
Early debt retirement 0 (5,833) (68)
Consolidated net income 402,061 384,818 329,677
Total assets 5,745,393 5,645,652 5,613,733
Capital Improvements 237,091 241,279 317,086
Core Property Operations      
Reconciliation to consolidated net income:      
Total assets 5,466,181 5,402,509 5,342,386
Capital Improvements 219,613 227,942 290,081
Home Sales and Rentals Operations      
Reconciliation to consolidated net income:      
Total assets 279,212 243,143 271,347
Capital Improvements 17,478 13,337 27,005
Operating Segments      
Segment Reporting Information      
Operations revenues 1,513,038 1,508,654 1,471,683
Operations expenses (762,260) (774,996) (780,170)
NOI 750,778 733,658 691,513
Reconciliation to consolidated net income:      
Depreciation and amortization (208,895) (203,879) (203,738)
Gain/(Loss) on sale of real estate and impairment, net 919 (2,466) (3,581)
Income from other investments, net 62,794 75,354  
Operating Segments | Core Property Operations      
Segment Reporting Information      
Operations revenues 1,456,083 1,422,422 1,361,792
Operations expenses (711,640) (701,838) (685,392)
NOI 744,443 720,584 676,400
Reconciliation to consolidated net income:      
Income from other investments, net     67,407
Operating Segments | Home Sales and Rentals Operations      
Segment Reporting Information      
Operations revenues 56,955 86,232 109,891
Operations expenses (50,620) (73,158) (94,778)
NOI 6,335 13,074 15,113
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment      
Reconciliation to consolidated net income:      
Interest income 9,572 9,238 9,037
Income from other investments, net 8,772 8,274 8,703
General and administrative (37,510) (38,483) (47,280)
Casualty-related charges/(recoveries), net 4,487 20,950  
Other expenses (4,850) (5,533) (5,768)
Interest and related amortization (131,005) (137,710) (132,342)
Income tax benefit 3,273 354 10,488
Equity in income/(loss) of unconsolidated joint ventures $ 6,520 6,248 2,713
Early debt retirement   $ (5,833) $ (68)