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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES    
Rental income $ 760,810 $ 730,818
EXPENSES    
Property and maintenance 143,973 134,630
Real estate taxes and insurance 111,752 108,927
Property management 35,816 35,458
General and administrative 18,255 15,720
Depreciation 256,746 225,695
Total expenses 566,542 520,430
Net gain (loss) on sales of real estate properties 154,152 188,185
Interest and other income 1,692 9,329
Other expenses (4,156) (31,738)
Interest:    
Expense incurred, net (72,114) (67,212)
Amortization of deferred financing costs (2,144) (1,918)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 271,698 307,034
Income and other tax (expense) benefit (422) (304)
Income (loss) from investments in unconsolidated entities (6,411) (1,698)
Net gain (loss) on sales of land parcels (67)  
Net income 264,798 305,032
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties (1,104) (970)
Net income attributable to controlling interests 256,592 295,787
ALLOCATION OF NET INCOME:    
Premium on redemption of Preference Units $ 0 $ 1,444
Earnings per Unit – basic:    
Net income available to Units $ 0.68 $ 0.78
Earnings per Unit – diluted:    
Net income available to Units $ 0.67 $ 0.77
Weighted average Units outstanding 391,179 390,561
ERPOP [Member]    
REVENUES    
Rental income $ 760,810 $ 730,818
EXPENSES    
Property and maintenance 143,973 134,630
Real estate taxes and insurance 111,752 108,927
Property management 35,816 35,458
General and administrative 18,255 15,720
Depreciation 256,746 225,695
Total expenses 566,542 520,430
Net gain (loss) on sales of real estate properties 154,152 188,185
Interest and other income 1,692 9,329
Other expenses (4,156) (31,738)
Interest:    
Expense incurred, net (72,114) (67,212)
Amortization of deferred financing costs (2,144) (1,918)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 271,698 307,034
Income and other tax (expense) benefit (422) (304)
Income (loss) from investments in unconsolidated entities (6,411) (1,698)
Net gain (loss) on sales of land parcels (67)  
Net income 264,798 305,032
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties (1,104) (970)
Net income attributable to controlling interests 263,694 304,062
ALLOCATION OF NET INCOME:    
Preference Units 356 547
Premium on redemption of Preference Units 0 1,444
General Partner 256,236 293,796
Limited Partners 7,102 8,275
Net income available to Units $ 263,338 $ 302,071
Earnings per Unit – basic:    
Net income available to Units $ 0.68 $ 0.78
Weighted average Units outstanding 389,719 389,481
Earnings per Unit – diluted:    
Net income available to Units $ 0.67 $ 0.77
Weighted average Units outstanding 391,179 390,561