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Summary Of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2025
Accounting Policies [Abstract] |
Reconciliation of property operating income to consolidated net income | Reconciliation of property operating income to consolidated net income:
| Three Months Ended March 31,
| 2025 |  | 2024
| (In thousands)
Property operating income | $ | 204,783 |  |  | $ | 195,604 |
General and administrative expense | (10,875) |  |  | (12,006) |
Depreciation and amortization | (86,946) |  |  | (83,404) |
Gain on sale of real estate | 1,171 |  |  | — |
Other interest income | 743 |  |  | 1,483 |
Interest expense | (42,475) |  |  | (43,693) |
Income from partnerships | 177 |  |  | 32 |
Net income | 66,578 |  |  | 58,016 |
Net income attributable to noncontrolling interests | (2,810) |  |  | (1,280) |
Net income attributable to the trust | $ | 63,768 |  |  | $ | 56,736 |
Supplemental disclosures related to the Consolidated Statements Of Cash Flows | The following tables provide supplemental disclosures related to the Consolidated Statements of Cash Flows:
| Three Months Ended |  |
| March 31, |  |
| 2025 |  | 2024 |  |
| (In thousands)
SUPPLEMENTAL DISCLOSURES: |  |  |  |  |
Total interest costs incurred | $ | 47,325 |  |  | $ | 48,999 |  |  |
Interest capitalized | (4,850) |  |  | (5,306) |  |  |
Interest expense | $ | 42,475 |  |  | $ | 43,693 |  |  |
Cash paid for interest, net of amounts capitalized | $ | 34,997 |  |  | $ | 39,199 |  |  |
Cash paid (refunded) for income taxes | $ | 11 |  |  | $ | (5) |  |  |
NON-CASH INVESTING AND FINANCING TRANSACTIONS: |  |  |  |  |
Shares issued under dividend reinvestment plan | $ | 396 |  |  | $ | 420 |  |  |
DownREIT operating partnership units redeemed for common shares | $ | 103 |  |  | $ | 366 |  |  |
Reconciliation of cash, cash equivalents, and restricted cash |
| March 31, |  | December 31, |  |
| 2025 |  | 2024 |  |
| (In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH: |  |  |  |  |
Cash and cash equivalents | $ | 109,224 |  |  | $ | 123,409 |  |  |
Restricted cash (1) | 13,479 |  |  | 12,034 |  |  |
Total cash, cash equivalents, and restricted cash | $ | 122,703 |  |  | $ | 135,443 |  |  |
(1)Restricted cash balances are included in "prepaid expenses and other assets" on our consolidated balance sheets.

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