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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Rental revenues and other property income $ 586,515 $ 530,199
Management fee revenues 3,375 2,111
Total revenues 589,890 532,310
Expenses:    
Property operating and maintenance 208,497 182,269
Property management expense 23,584 20,967
General and administrative 17,452 17,639
Interest expense 78,047 74,389
Depreciation and amortization 164,673 155,796
Impairment and other 1,163 1,515
Total expenses 493,416 452,575
Gains (losses) on investments in equity securities, net 88 (3,032)
Other, net (1,494) 594
Gain on sale of property, net of tax 29,671 18,026
Losses from investments in unconsolidated joint ventures (4,155) (2,320)
Net income 120,584 93,003
Net income attributable to non-controlling interests (342) (388)
Net income attributable to common stockholders 120,242 92,615
Net income available to participating securities (171) (220)
Net income available to common stockholders — basic 120,071 92,395
Net income available to common stockholders — diluted $ 120,071 $ 92,395
Weighted average common shares outstanding — basic (in shares) 611,588,465 606,410,225
Weighted average common shares outstanding — diluted (in shares) 612,564,298 607,908,398
Net income per common share — basic (in dollars per share) $ 0.20 $ 0.15
Net income per common share — diluted (in dollars per share) $ 0.20 $ 0.15