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Reportable Segments - Consolidated Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024 | Dec. 31, 2024
Segment Reporting Information |  |  |  |  |
Operations revenues | $ 376,866 | $ 380,019 | $ 764,200 | $ 766,587 |
Reconciliation to consolidated net income: |  |  |  |  |
Depreciation and amortization | (52,649) | (51,344) | (103,591) | (102,452) |
Income from other investments, net | 16,473 | 16,197 | 32,028 | 31,746 |
General and administrative | (10,455) | (8,985) | (19,694) | (20,974) |
Casualty-related charges/(recoveries), net | 541 | 6,170 | 324 | 21,013 |
Interest and related amortization | (32,200) | (36,037) | (63,336) | (69,580) |
Equity in income of unconsolidated joint ventures | (47) | 579 | 4,854 | 862 |
Consolidated net income | 83,493 | 82,127 | 197,886 | 197,398 |
Total assets | 5,720,883 | 5,645,475 | 5,720,883 | 5,645,475 | $ 5,645,652
Capital improvements | 59,458 | 62,525 | 104,659 | 117,231 |
Property Operations |  |  |  |  |
Reconciliation to consolidated net income: |  |  |  |  |
Total assets | 5,465,841 | 5,391,752 | 5,465,841 | 5,391,752 |
Capital improvements | 55,983 | 58,693 | 99,513 | 110,101 |
Home Sales and Rentals Operations |  |  |  |  |
Reconciliation to consolidated net income: |  |  |  |  |
Total assets | 255,042 | 253,723 | 255,042 | 253,723 |
Capital improvements | 3,475 | 3,832 | 5,146 | 7,130 |
Operating Segments |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Operations revenues | 372,580 | 374,969 | 755,658 | 757,331 |
Operations expenses | (197,939) | (206,888) | (382,369) | (395,579) |
NOI | 174,641 | 168,081 | 373,289 | 361,752 |
Reconciliation to consolidated net income: |  |  |  |  |
Depreciation and amortization | (52,649) | (51,344) | (103,591) | (102,452) |
Gain (Loss) on sale of real estate and impairment, net | (683) |  | (683) |  |
Operating Segments | Property Operations |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Operations revenues | 358,381 | 346,987 | 727,467 | 706,723 |
Operations expenses | (184,916) | (183,051) | (357,647) | (352,456) |
NOI | 173,465 | 163,936 | 369,820 | 354,267 |
Reconciliation to consolidated net income: |  |  |  |  |
Income from other investments, net | 16,473 | 16,197 | 32,028 | 31,746 |
Operating Segments | Home Sales and Rentals Operations |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Operations revenues | 14,199 | 27,982 | 28,191 | 50,608 |
Operations expenses | (13,023) | (23,837) | (24,722) | (43,123) |
NOI | 1,176 | 4,145 | 3,469 | 7,485 |
Segment Reconciling Items |  |  |  |  |
Reconciliation to consolidated net income: |  |  |  |  |
Interest income | 2,202 | 2,420 | 4,440 | 4,588 |
Income from other investments, net | 2,084 | 2,630 | 4,102 | 4,668 |
General and administrative | (10,455) | (8,985) | (19,694) | (20,974) |
Casualty-related charges/(recoveries), net | 541 | 6,170 | 324 | 21,013 |
Other expenses | 59 | (1,387) | (1,819) | (2,479) |
Interest and related amortization | (32,200) | (36,037) | (63,336) | (69,580) |
Equity in income of unconsolidated joint ventures | $ (47) | $ 579 | $ 4,854 | $ 862 |

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