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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Rents and other single-family property revenues $ 391,627     $ 339,563     $ 1,109,608 $ 965,790
Expenses:                
General and administrative expense 16,986     12,647     53,115 40,645
Interest expense 36,254     31,097     98,622 86,630
Acquisition and other transaction costs 4,482     3,279     18,114 11,093
Depreciation and amortization 109,319     94,494     313,688 275,682
Hurricane-related charges, net 6,133     0     6,133 0
Total expenses 354,978     300,773     989,191 854,693
Gain on sale and impairment of single-family properties and other, net 24,197     9,572     79,052 36,401
Other income and expense, net 819     139     6,765 1,738
Net income 61,665 $ 74,555 $ 70,014 48,501 $ 51,814 $ 48,921 206,234 149,236
Noncontrolling interest 7,464     5,869     24,119 14,012
Dividends on preferred shares 3,486 $ 4,346 $ 5,763 5,763 $ 12,615 $ 13,782 13,595 32,160
Redemption of perpetual preferred shares 0     0     5,276 15,879
Net income attributable to common shareholders $ 50,715     $ 36,869     $ 163,244 $ 87,185
Weighted-average common shares outstanding:                
Basic (in shares) 348,944,055     324,002,538     347,730,579 320,267,903
Diluted (in shares) 349,344,541     326,206,423     348,282,995 321,879,235
Net income attributable to common shareholders per share:                
Basic (in dollars per share) $ 0.14     $ 0.11     $ 0.47 $ 0.27
Diluted (in dollars per share) $ 0.14     $ 0.11     $ 0.47 $ 0.27
Property operating expenses                
Expenses:                
Cost of goods and services sold $ 152,065     $ 134,694     $ 414,978 $ 369,966
Property management expenses                
Expenses:                
Cost of goods and services sold $ 29,739     $ 24,562     $ 84,541 $ 70,677