XML 18 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Rents and other single-family property revenues $ 395,548   $ 361,876   $ 793,251 $ 717,981
Expenses:            
General and administrative expense 19,937   18,847   37,792 36,129
Interest expense 34,844   34,801   70,726 62,368
Acquisition and other transaction costs 4,175   7,658   9,251 13,632
Depreciation and amortization 113,199   104,415   225,916 204,369
Total expenses 345,374   323,759   694,772 634,213
Gain on sale and impairment of single-family properties and other, net 62,758   32,811   147,417 54,855
Other income and expense, net 2,482   3,627   7,217 5,946
Net income 115,414 $ 137,699 74,555 $ 70,014 253,113 144,569
Noncontrolling interest 13,899   8,343   30,647 16,655
Dividends on preferred shares 3,486 $ 3,486 4,346 $ 5,763 6,972 10,109
Redemption of perpetual preferred shares 0   5,276   0 5,276
Net income attributable to common shareholders/unitholders $ 98,029   $ 56,590   $ 215,494 $ 112,529
Weighted-average common shares outstanding:            
Basic (in shares) 362,148,911   348,484,158   361,267,035 347,123,576
Diluted (in shares) 362,479,942   349,002,624   361,593,174 347,751,958
Net income attributable to common shareholders per share:            
Basic (in dollars per share) $ 0.27   $ 0.16   $ 0.59 $ 0.32
Diluted (in dollars per share) $ 0.27   $ 0.16   $ 0.59 $ 0.32
Property operating expenses            
Expenses:            
Cost of goods and services sold $ 142,553   $ 129,270   $ 289,621 $ 262,913
Property management expenses            
Expenses:            
Cost of goods and services sold $ 30,666   $ 28,768   $ 61,466 $ 54,802