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Summary Of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands) |  | (In thousands)
Property operating income | $ | 216,594 |  |  | $ | 203,682 |  |  | $ | 634,610 |  |  | $ | 601,158 |
General and administrative expense | (11,649) |  |  | (10,822) |  |  | (34,449) |  |  | (34,920) |
Depreciation and amortization | (94,277) |  |  | (87,028) |  |  | (270,464) |  |  | (255,481) |
Gain on sale of real estate | — |  |  | — |  |  | 77,672 |  |  | 52,280 |
New market tax credit transaction income | — |  |  | — |  |  | 14,176 |  |  | — |
Other interest income | 845 |  |  | 978 |  |  | 2,493 |  |  | 3,512 |
Interest expense | (47,619) |  |  | (44,237) |  |  | (134,692) |  |  | (132,242) |
Income from partnerships | 605 |  |  | 888 |  |  | 1,687 |  |  | 1,825 |
Net income | 64,499 |  |  | 63,461 |  |  | 291,033 |  |  | 236,132 |
Net income attributable to noncontrolling interests | (2,850) |  |  | (2,508) |  |  | (9,700) |  |  | (6,461) |
Net income attributable to the trust | $ | 61,649 |  |  | $ | 60,953 |  |  | $ | 281,333 |  |  | $ | 229,671 |
Supplemental disclosures related to the Consolidated Statements Of Cash Flows | The following tables provide supplemental disclosures related to the Consolidated Statements of Cash Flows:
| Nine Months Ended |  |
| September 30, |  |
| 2025 |  | 2024 |  |
| (In thousands)
SUPPLEMENTAL DISCLOSURES: |  |  |  |  |
Total interest costs incurred | $ | 145,100 |  |  | $ | 147,939 |  |  |
Interest capitalized | (10,408) |  |  | (15,697) |  |  |
Interest expense | $ | 134,692 |  |  | $ | 132,242 |  |  |
Cash paid for interest, net of amounts capitalized | $ | 121,380 |  |  | $ | 123,586 |  |  |
Cash paid for income taxes | $ | 329 |  |  | $ | 190 |  |  |
NON-CASH INVESTING AND FINANCING TRANSACTIONS: |  |  |  |  |
Shares issued under dividend reinvestment plan | $ | 1,193 |  |  | $ | 1,259 |  |  |
DownREIT operating partnership units redeemed for common shares | $ | 103 |  |  | $ | 366 |  |  |
Reconciliation of cash, cash equivalents, and restricted cash |
| September 30, |  | December 31, |  |
| 2025 |  | 2024 |  |
| (In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH: |  |  |  |  |
Cash and cash equivalents | $ | 111,311 |  |  | $ | 123,409 |  |  |
Restricted cash (1) | 16,373 |  |  | 12,034 |  |  |
Total cash, cash equivalents, and restricted cash | $ | 127,684 |  |  | $ | 135,443 |  |  |
(1)Restricted cash balances are included in "prepaid expenses and other assets" on our consolidated balance sheets.

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