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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Rental income $ 2,980,108 $ 2,873,964 $ 2,735,180
EXPENSES      
Property and maintenance 529,737 514,575 483,865
Real estate taxes and insurance 432,089 412,114 388,412
Property management 132,739 119,804 110,304
General and administrative 61,653 60,716 58,710
Depreciation 952,191 888,709 882,168
Total expenses 2,108,409 1,995,918 1,923,459
Net gain (loss) on sales of real estate properties 546,797 282,539 304,325
Interest and other income 30,329 22,345 2,193
Other expenses (74,051) (29,419) (13,664)
Interest:      
Expense incurred, net (285,735) (269,556) (282,920)
Amortization of deferred financing costs (7,834) (8,941) (8,729)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 1,081,205 875,014 812,926
Income and other tax (expense) benefit (1,256) (1,148) (900)
Income (loss) from investments in unconsolidated entities (8,974) (5,378) (5,031)
Net income 1,070,975 868,488 806,995
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties (6,212) (6,340) (3,774)
Net income attributable to controlling interests 1,035,831 $ 835,438 $ 776,911
ALLOCATION OF NET INCOME:      
Premium on redemption of Preference Units $ 1,444    
Earnings per Unit – basic:      
Net income available to Units $ 2.73 $ 2.2 $ 2.06
Earnings per Unit – diluted:      
Net income available to Units $ 2.72 $ 2.2 $ 2.05
Weighted average Units outstanding 390,740 390,897 389,450
ERPOP [Member]      
REVENUES      
Rental income $ 2,980,108 $ 2,873,964 $ 2,735,180
EXPENSES      
Property and maintenance 529,737 514,575 483,865
Real estate taxes and insurance 432,089 412,114 388,412
Property management 132,739 119,804 110,304
General and administrative 61,653 60,716 58,710
Depreciation 952,191 888,709 882,168
Total expenses 2,108,409 1,995,918 1,923,459
Net gain (loss) on sales of real estate properties 546,797 282,539 304,325
Interest and other income 30,329 22,345 2,193
Other expenses (74,051) (29,419) (13,664)
Interest:      
Expense incurred, net (285,735) (269,556) (282,920)
Amortization of deferred financing costs (7,834) (8,941) (8,729)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 1,081,205 875,014 812,926
Income and other tax (expense) benefit (1,256) (1,148) (900)
Income (loss) from investments in unconsolidated entities (8,974) (5,378) (5,031)
Net income 1,070,975 868,488 806,995
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties (6,212) (6,340) (3,774)
Net income attributable to controlling interests 1,064,763 862,148 803,221
ALLOCATION OF NET INCOME:      
Preference Units 1,613 3,090 3,090
Premium on redemption of Preference Units 1,444    
General Partner 1,032,774 832,348 773,821
Limited Partners 28,932 26,710 26,310
Net income available to Units $ 1,061,706 $ 859,058 $ 800,131
Earnings per Unit – basic:      
Net income available to Units $ 2.73 $ 2.2 $ 2.06
Weighted average Units outstanding 389,425 389,954 388,045
Earnings per Unit – diluted:      
Net income available to Units $ 2.72 $ 2.2 $ 2.05
Weighted average Units outstanding 390,740 390,897 389,450