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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Rental revenues and other property income $ 632,097 $ 586,515
Management fee revenues 13,942 3,375
Total revenues 646,039 589,890
Expenses:    
Property operating and maintenance 230,397 208,497
Property management expense 31,237 23,584
General and administrative 23,448 17,452
Interest expense 89,845 78,047
Depreciation and amortization 175,313 164,673
Impairment and other 4,137 1,163
Total expenses 554,377 493,416
Gains (losses) on investments in equity securities, net (209) 88
Other, net 5,973 (1,494)
Gain on sale of property, net of tax 50,498 29,671
Losses from investments in unconsolidated joint ventures (5,138) (4,155)
Net income 142,786 120,584
Net income attributable to non-controlling interests (436) (342)
Net income attributable to common stockholders 142,350 120,242
Net income available to participating securities (192) (171)
Net income available to common stockholders — basic 142,158 120,071
Net income available to common stockholders — diluted $ 142,158 $ 120,071
Weighted average common shares outstanding — basic (in shares) 612,219,520 611,588,465
Weighted average common shares outstanding — diluted (in shares) 613,807,166 612,564,298
Net income per common share — basic (in dollars per share) $ 0.23 $ 0.20
Net income per common share — diluted (in dollars per share) $ 0.23 $ 0.20