Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table details NOI and significant expenses for the years ended December 31:

(in thousands)	2025		2024		2023
Property revenues	$	1,573,544	$	1,543,842	$	1,542,027
Property expenses:
Real estate taxes	(196,821)		(193,124)		(195,009)
Salaries and benefits for on-site employees	(106,892)		(102,776)		(98,122)
Utilities	(110,788)		(107,819)		(104,126)
Repairs and maintenance	(72,159)		(70,516)		(69,435)
Other non-significant property segment expenses (a)	(80,050)		(84,570)		(82,228)
Net operating income	1,006,834		985,037		993,107
Non-property income	32,483		24,186		19,728
Other expenses (b)	(139,130)		(125,525)		(113,327)
Interest expense	(138,239)		(129,815)		(133,395)
Depreciation and amortization	(611,025)		(582,014)		(574,813)
Impairment associated with land development activities	(12,916)		(40,988)		—
Loss on early retirement of debt	—		(921)		(2,513)
Gain on sale of operating properties	260,910		43,806		225,416
Income tax expense	(4,019)		(2,926)		(3,650)
Net income	$	394,898	$	170,840	$	410,553

(a) Other non-significant property segment expenses, include the following other property and maintenance expenses: property insurance, marketing and leasing, property general and administrative, and other property expenses.

(b) Other expenses include property management, fee and asset management, general and administrative, and expense/(benefit) on deferred compensation plans.