v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Rental and other income $ 732,591 $ 695,701 $ 2,167,866 $ 2,057,492
Management, development and other fees 1,716 1,934 5,342 5,712
Total revenue 734,307 697,635 2,173,208 2,063,204
Expenses:        
Operating expenses, excluding property taxes 193,041 175,191 548,553 509,871
Property taxes 82,419 78,399 243,255 227,882
Expensed transaction, development and other pursuit costs, net of recoveries 1,573 18,959 7,235 23,212
Interest expense, net 55,769 48,115 167,613 156,521
Loss on extinguishment of debt, net 0 150 0 150
Depreciation expense 212,122 200,982 631,314 606,271
General and administrative expense 20,089 20,466 60,006 58,542
Casualty and impairment loss 0 3,499 2,935 8,550
Total expenses 565,013 545,761 1,660,911 1,590,999
Income from unconsolidated investments 30,720 1,930 46,389 11,745
Gain on sale of communities 172,973 22,121 241,459 209,430
Other real estate activity 314 237 636 707
Income before income taxes 373,301 176,162 800,781 694,087
Income tax expense (782) (4,372) (698) (7,715)
Net income 372,519 171,790 800,083 686,372
Net loss (income) attributable to noncontrolling interests 0 241 (181) 484
Net income attributable to common stockholders 372,519 172,031 799,902 686,856
Other comprehensive income:        
Gain on cash flow hedges 470 15,502 12,308 23,988
Cash flow hedge (gains) losses reclassified to earnings (274) 354 (197) 1,062
Comprehensive income $ 372,715 $ 187,887 $ 812,013 $ 711,906
Earnings per common share - basic:        
Net income attributable to common stockholders (in dollars per share) $ 2.62 $ 1.21 $ 5.62 $ 4.86
Earnings per common share - diluted:        
Net income attributable to common stockholders (in dollars per share) $ 2.61 $ 1.21 $ 5.62 $ 4.86

Source

10-Q PDF
XBRL