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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Rental revenues and other property income $ 614,291 $ 565,391 $ 1,797,730 $ 1,650,131
Management fee revenues 3,404 3,284 10,227 8,154
Total revenues 617,695 568,675 1,807,957 1,658,285
Expenses:        
Property operating and maintenance 229,488 203,787 651,793 576,736
Property management expense 23,399 22,385 70,563 65,166
General and administrative 22,714 20,123 59,957 57,104
Interest expense 86,736 76,454 243,408 225,683
Depreciation and amortization 170,696 160,428 501,128 474,796
Impairment and other 2,496 20,004 5,527 22,874
Total expenses 535,529 503,181 1,532,376 1,422,359
Gains (losses) on investments in equity securities, net (499) (796) 113 (4,000)
Other, net (2,533) (8,372) (7,968) (11,605)
Gain on sale of property, net of tax 57,989 23,952 134,448 69,486
Losses from investments in unconsolidated joint ventures (4,902) (849) (11,087) (5,870)
Net income 132,221 79,429 391,087 283,937
Net income attributable to non-controlling interests (403) (250) (1,163) (1,180)
Net income attributable to common stockholders 131,818 79,179 389,924 282,757
Net income available to participating securities (181) (147) (518) (515)
Net income available to common stockholders — basic 131,637 79,032 389,406 282,242
Net income available to common stockholders — diluted $ 131,637 $ 79,032 $ 389,406 $ 282,242
Weighted average common shares outstanding — basic (in shares) 612,000,811 610,845,820 611,849,302 609,212,132
Weighted average common shares outstanding — diluted (in shares) 613,580,042 612,647,588 613,155,041 610,741,723
Net income per common share — basic (in dollars per share) $ 0.22 $ 0.13 $ 0.64 $ 0.46
Net income per common share — diluted (in dollars per share) $ 0.21 $ 0.13 $ 0.64 $ 0.46