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Summary Of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2025202420252024
(In thousands)(In thousands)
Property operating income$213,233 $201,872 $418,016 $397,476 
General and administrative expense(11,925)(12,092)(22,800)(24,098)
Depreciation and amortization(89,241)(85,049)(176,187)(168,453)
Gain on sale of real estate76,501 52,280 77,672 52,280 
New market tax credit transaction income14,176 — 14,176 — 
Other interest income905 1,051 1,648 2,534 
Interest expense(44,598)(44,312)(87,073)(88,005)
Income from partnerships905 905 1,082 937 
Net income159,956 114,655 226,534 172,671 
Net income attributable to noncontrolling interests(4,040)(2,673)(6,850)(3,953)
Net income attributable to the trust$155,916 $111,982 $219,684 $168,718 
Supplemental disclosures related to the Consolidated Statements Of Cash Flows
The following tables provide supplemental disclosures related to the Consolidated Statements of Cash Flows:
Six Months Ended
 June 30,
 20252024
 (In thousands)
SUPPLEMENTAL DISCLOSURES:
Total interest costs incurred$94,947 $98,466 
Interest capitalized(7,874)(10,461)
Interest expense$87,073 $88,005 
Cash paid for interest, net of amounts capitalized$82,424 $86,045 
Cash paid for income taxes$320 $191 
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Shares issued under dividend reinvestment plan$796 $839 
DownREIT operating partnership units redeemed for common shares$103 $366 
Reconciliation of cash, cash equivalents, and restricted cash
 June 30,December 31,
20252024
 (In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Cash and cash equivalents$177,003 $123,409 
Restricted cash (1)26,619 12,034 
Total cash, cash equivalents, and restricted cash$203,622 $135,443 
(1)Restricted cash balances are included in "prepaid expenses and other assets" on our consolidated balance sheets.