v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Rental and other income $ 724,211 $ 688,148 $ 1,435,275 $ 1,361,791
Management, development and other fees 1,830 2,712 3,625 3,778
Total revenue 726,041 690,860 1,438,900 1,365,569
Expenses:        
Operating expenses, excluding property taxes 179,595 169,848 355,511 334,680
Property taxes 81,056 74,987 160,836 149,483
Expensed transaction, development and other pursuit costs, net of recoveries 1,417 1,261 5,662 4,253
Interest expense, net 57,078 51,585 111,844 108,406
Depreciation expense 206,923 200,546 419,192 405,289
General and administrative expense 19,586 17,676 39,917 38,076
Casualty and impairment loss 0 0 2,935 5,051
Total expenses 545,655 515,903 1,095,897 1,045,238
Income from unconsolidated investments 4,822 4,970 15,669 9,815
Gain on sale of communities 68,556 187,322 68,486 187,309
Other real estate activity 181 341 322 470
Income before income taxes 253,945 367,590 427,480 517,925
Income tax benefit (expense) 62 217 84 (3,343)
Net income 254,007 367,807 427,564 514,582
Net (income) loss attributable to noncontrolling interests (73) 116 (181) 243
Net income attributable to common stockholders 253,934 367,923 427,383 514,825
Other comprehensive income:        
Gain on cash flow hedges 4,499 8,826 11,838 8,486
Cash flow hedge (gains) losses reclassified to earnings (69) 354 77 708
Comprehensive income $ 258,364 $ 377,103 $ 439,298 $ 524,019
Earnings per common share - basic:        
Net income attributable to common stockholders (in dollars per share) $ 1.78 $ 2.59 $ 3.00 $ 3.65
Earnings per common share - diluted:        
Net income attributable to common stockholders (in dollars per share) $ 1.78 $ 2.59 $ 3.00 $ 3.65

Source

10-Q PDF
XBRL