XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Rental revenues and other property income $ 2,226,641 $ 1,991,722 $ 1,822,828
Management fee revenues 11,480 4,893 0
Total revenues 2,238,121 1,996,615 1,822,828
Expenses:      
Property operating and maintenance 786,351 706,162 680,543
Property management expense 87,936 71,597 58,613
General and administrative 74,025 75,815 63,305
Interest expense 304,092 322,661 353,923
Depreciation and amortization 638,114 592,135 552,530
Impairment and other 28,697 8,676 696
Total expenses 1,919,215 1,777,046 1,709,610
Gains (losses) on investments in equity securities, net (3,939) (9,420) 29,723
Other, net (11,261) (5,835) (86)
Gain on sale of property, net of tax 90,699 60,008 54,594
Losses from investments in unconsolidated joint ventures (9,606) (1,546) 0
Net income 384,799 262,776 197,449
Net income attributable to non-controlling interests (1,470) (1,351) (1,237)
Net income attributable to common stockholders 383,329 261,425 196,212
Net income available to participating securities (661) (327) (448)
Net income available to common stockholders — basic 382,668 261,098 195,764
Net income available to common stockholders — diluted $ 382,668 $ 261,098 $ 195,764
Weighted average common shares outstanding — basic (in shares) 609,770,610 577,681,070 553,993,321
Weighted average common shares outstanding — diluted (in shares) 611,112,396 579,209,523 555,458,607
Net income per common share — basic (in dollars per share) $ 0.63 $ 0.45 $ 0.35
Net income per common share — diluted (in dollars per share) $ 0.63 $ 0.45 $ 0.35