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CONSOLIDATED STATEMENTS OF OPERATIONS - 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:      
Operating Partnership (28,932) (26,710) (26,310)
Partially Owned Properties (6,212) (6,340) (3,774)
Net income attributable to controlling interests 1,035,831 835,438 776,911
Preferred distributions (1,613) (3,090) (3,090)
Premium on redemption of Preferred Shares (1,444)    
Net income available to Common Shares $ 1,032,774 $ 832,348 $ 773,821
Earnings per share – basic:      
Net income available to Common Shares $ 2.73 $ 2.2 $ 2.06
Weighted average Common Shares outstanding 378,795 378,773 376,209
Earnings per share – diluted:      
Net income available to Common Shares $ 2.72 $ 2.2 $ 2.05
Weighted average Common Shares outstanding 390,740 390,897 389,450