XML 36 R21.htm IDEA: XBRL DOCUMENT v3.25.3
Summary Of Significant Accounting Policies (Tables)
 9 Months Ended
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,
2025202420252024
(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 income845 978 2,493 3,512 
Interest expense(47,619)(44,237)(134,692)(132,242)
Income from partnerships605 888 1,687 1,825 
Net income64,499 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,
 20252024
 (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,
20252024
 (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.