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Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table details NOI and significant expenses for the three months ended March 31:
Three Months Ended
March 31,
(in thousands)20262025
Property revenues$388,773 $390,565 
Property expenses:
Real estate taxes(49,890)(49,722)
Salaries and benefits for on-site employees(26,345)(25,784)
Utilities(27,626)(27,778)
Repairs and maintenance(16,750)(16,713)
Other property and maintenance expenses (a)
(19,458)(19,423)
Net operating income$248,704 $251,145 
Non-property income1,237 3,695 
Other segment expenses (b)
(85,370)(30,472)
Interest expense(37,359)(33,790)
Depreciation and amortization(150,000)(149,252)
Gain on sale of operating property, including land68,100 — 
Income tax expense(938)(559)
Net income$44,374 $40,767 
(a) Other non-significant property segment expenses, include the following other property and maintenance expenses: property insurance, marketing and leasing, property general and administrative, and other property expenses.
(b) Other expenses include property management, fee and asset management, general and administrative, (benefit)/expense on deferred compensation plans, and other non-operating expenses.