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HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Rental and other revenues $ 201,773 $ 204,323 $ 602,756 $ 620,336
Operating expenses:        
Rental property and other expenses 65,923 65,706 194,612 200,700
Depreciation and amortization 73,898 79,116 219,982 226,532
Impairments of real estate assets 8,800 0 8,800 0
General and administrative 8,995 9,898 31,771 31,754
Total operating expenses 157,616 154,720 455,165 458,986
Interest expense 38,475 37,472 112,782 109,928
Other income 1,753 1,872 8,007 10,559
Gains on disposition of property 5,674 350 87,889 42,581
Equity in earnings of unconsolidated affiliates 598 1,116 2,223 2,890
Net income 13,707 15,469 132,928 107,452
Net (income) attributable to noncontrolling interests in the Operating Partnership (256) (297) (2,577) (2,111)
Net loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Dividends on Preferred Stock (576) (622) (1,783) (1,864)
Net income available for common stockholders $ 12,877 $ 14,558 $ 128,596 $ 103,492
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.12 $ 0.14 $ 1.19 $ 0.98
Weighted average Common Shares outstanding - basic (in shares) 108,403 106,010 107,973 105,937
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.12 $ 0.14 $ 1.19 $ 0.98
Weighted average Common Shares outstanding - diluted (in shares) 110,522 108,161 110,113 108,089