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v3.25.1

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Rents and other single-family property revenues | $ 459,276 | $ 423,555
Expenses: |  |
General and administrative expense | 19,671 | 21,885
Interest expense | 45,426 | 38,577
Acquisition and other transaction costs | 3,061 | 3,324
Depreciation and amortization | 124,928 | 115,726
Total expenses | 394,797 | 366,841
Gain on sale and impairment of single-family properties and other, net | 62,016 | 68,901
Loss on early extinguishment of debt | (216) | (954)
Other income and expense, net | 2,434 | 3,434
Net income | 128,713 | 128,095
Noncontrolling interest | 15,255 | 15,320
Dividends on preferred shares | 3,486 | 3,486
Net income attributable to common shareholders | $ 109,972 | $ 109,289
Weighted-average common shares outstanding: |  |
Basic (in shares) | 370,372,388 | 366,513,257
Diluted (in shares) | 370,761,741 | 366,972,293
Net income attributable to common shareholders per share: |  |
Basic (in dollars per share) | $ 0.30 | $ 0.30
Diluted (in dollars per share) | $ 0.30 | $ 0.30
Property operating expenses |  |
Expenses: |  |
Cost of goods and services sold | $ 167,530 | $ 155,927
Property management expenses |  |
Expenses: |  |
Cost of goods and services sold | $ 34,181 | $ 31,402

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