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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Rental income $ 748,348 $ 724,067 $ 2,213,329 $ 2,146,464
EXPENSES        
Property and maintenance 135,221 129,087 396,349 391,437
Real estate taxes and insurance 105,954 102,858 320,452 312,607
Property management 31,412 28,169 100,381 90,314
General and administrative 14,551 14,094 48,902 49,135
Depreciation 237,948 224,736 688,041 661,921
Total expenses 525,086 498,944 1,554,125 1,505,414
Net gain (loss) on sales of real estate properties (165) 26,912 227,829 127,034
Interest and other income 15,844 7,627 26,501 11,296
Other expenses (13,971) (4,958) (59,094) (20,517)
Interest:        
Expense incurred, net (72,722) (68,891) (205,762) (200,882)
Amortization of deferred financing costs (1,948) (3,027) (5,784) (7,023)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 150,300 182,786 642,894 550,958
Income and other tax (expense) benefit (290) (258) (925) (892)
Income (loss) from investments in unconsolidated entities (1,493) (1,242) (4,865) (3,847)
Net income 148,517 181,286 637,104 546,219
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties (1,059) (3,217) (3,098) (5,299)
Net income attributable to controlling interests $ 143,446 $ 172,508 616,716 $ 523,746
ALLOCATION OF NET INCOME:        
Premium on redemption of Preference Units     $ 1,444  
Earnings per Unit – basic:        
Net income available to Units $ 0.38 $ 0.45 $ 1.62 $ 1.38
Earnings per Unit – diluted:        
Net income available to Units $ 0.38 $ 0.45 $ 1.62 $ 1.38
Weighted average Units outstanding 391,026 391,351 390,688 391,135
ERPOP [Member]        
REVENUES        
Rental income $ 748,348 $ 724,067 $ 2,213,329 $ 2,146,464
EXPENSES        
Property and maintenance 135,221 129,087 396,349 391,437
Real estate taxes and insurance 105,954 102,858 320,452 312,607
Property management 31,412 28,169 100,381 90,314
General and administrative 14,551 14,094 48,902 49,135
Depreciation 237,948 224,736 688,041 661,921
Total expenses 525,086 498,944 1,554,125 1,505,414
Net gain (loss) on sales of real estate properties (165) 26,912 227,829 127,034
Interest and other income 15,844 7,627 26,501 11,296
Other expenses (13,971) (4,958) (59,094) (20,517)
Interest:        
Expense incurred, net (72,722) (68,891) (205,762) (200,882)
Amortization of deferred financing costs (1,948) (3,027) (5,784) (7,023)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 150,300 182,786 642,894 550,958
Income and other tax (expense) benefit (290) (258) (925) (892)
Income (loss) from investments in unconsolidated entities (1,493) (1,242) (4,865) (3,847)
Net income 148,517 181,286 637,104 546,219
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties (1,059) (3,217) (3,098) (5,299)
Net income attributable to controlling interests 147,458 178,069 634,006 540,920
ALLOCATION OF NET INCOME:        
Preference Units 356 773 1,258 2,318
Premium on redemption of Preference Units     1,444  
General Partner 143,090 171,735 614,014 521,428
Limited Partners 4,012 5,561 17,290 17,174
Net income available to Units $ 147,102 $ 177,296 $ 631,304 $ 538,602
Earnings per Unit – basic:        
Net income available to Units $ 0.38 $ 0.45 $ 1.62 $ 1.38
Weighted average Units outstanding 389,379 390,087 389,379 389,991
Earnings per Unit – diluted:        
Net income available to Units $ 0.38 $ 0.45 $ 1.62 $ 1.38
Weighted average Units outstanding 391,026 391,351 390,688 391,135