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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Rents and other single-family property revenues $ 1,623,605 $ 1,490,534 $ 1,303,882
Expenses:      
General and administrative expense 74,615 68,057 56,444
Interest expense 140,198 134,871 114,893
Acquisition and other transaction costs 16,910 23,452 15,749
Depreciation and amortization 456,550 426,531 372,848
Hurricane-related charges, net 0 6,133 0
Total expenses 1,411,095 1,323,833 1,147,004
Gain on sale and impairment of single-family properties and other, net 209,834 136,459 49,696
Other income and expense, net 9,798 6,865 3,985
Net income 432,142 310,025 210,559
Noncontrolling interest 51,974 36,887 21,467
Dividends on preferred shares 13,944 17,081 37,923
Redemption of perpetual preferred shares 0 5,276 15,879
Net income attributable to common shareholders / unitholders $ 366,224 $ 250,781 $ 135,290
Weighted-average common shares outstanding:      
Basic (in shares) 362,024,968 349,290,848 324,245,168
Diluted (in shares) 362,477,216 349,787,092 325,518,291
Net income attributable to common shareholders per share:      
Basic (in dollars per share) $ 1.01 $ 0.72 $ 0.42
Diluted (in dollars per share) $ 1.01 $ 0.71 $ 0.41
Property operating expenses      
Expenses:      
Property operating and management expenses $ 599,459 $ 552,091 $ 490,205
Property management expenses      
Expenses:      
Property operating and management expenses $ 123,363 $ 112,698 $ 96,865