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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Rents and other single-family property revenues $ 1,490,534 $ 1,303,882 $ 1,172,514
Expenses:      
General and administrative expense 68,057 56,444 48,517
Interest expense 134,871 114,893 117,038
Acquisition and other transaction costs 23,452 15,749 9,298
Depreciation and amortization 426,531 372,848 343,153
Hurricane-related charges, net 6,133 0 0
Total expenses 1,323,833 1,147,004 1,058,165
Gain on sale and impairment of single-family properties and other, net 136,459 49,696 38,773
Other income and expense, net 6,865 3,985 1,707
Net income 310,025 210,559 154,829
Noncontrolling interest 36,887 21,467 14,455
Dividends on preferred shares 17,081 37,923 55,128
Redemption of perpetual preferred shares 5,276 15,879 0
Net income attributable to common shareholders / unitholders $ 250,781 $ 135,290 $ 85,246
Weighted-average common shares outstanding:      
Basic (in shares) 349,290,848 324,245,168 306,613,197
Diluted (in shares) 349,787,092 325,518,291 307,074,747
Net income attributable to common shareholders per share:      
Basic (in dollars per share) $ 0.72 $ 0.42 $ 0.28
Diluted (in dollars per share) $ 0.71 $ 0.41 $ 0.28
Property operating expenses      
Expenses:      
Property operating and management expenses $ 552,091 $ 490,205 $ 450,267
Property management expenses      
Expenses:      
Property operating and management expenses $ 112,698 $ 96,865 $ 89,892