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Summary Of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2026
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,
|  |  |  |  | 2026 |  | 2025
|  |  | (In thousands)
Property operating income |  |  |  |  | $ | 227,416 |  |  | $ | 204,783 |
General and administrative expense |  |  |  |  | (11,925) |  |  | (10,875) |
Depreciation and amortization |  |  |  |  | (99,217) |  |  | (86,946) |
Gain on sale of real estate |  |  |  |  | 92,711 |  |  | 1,171 |
Other interest income |  |  |  |  | 1,040 |  |  | 743 |
Interest expense |  |  |  |  | (49,116) |  |  | (42,475) |
Income from partnerships |  |  |  |  | 161 |  |  | 177 |
Net income |  |  |  |  | 161,070 |  |  | 66,578 |
Net income attributable to noncontrolling interests |  |  |  |  | (1,971) |  |  | (2,810) |
Net income attributable to the trust |  |  |  |  | $ | 159,099 |  |  | $ | 63,768 |
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, |  |
| 2026 |  | 2025 |  |
| (In thousands)
SUPPLEMENTAL DISCLOSURES: |  |  |  |  |
Total interest costs incurred | $ | 52,079 |  |  | $ | 47,325 |  |  |
Interest capitalized | (2,963) |  |  | (4,850) |  |  |
Interest expense | $ | 49,116 |  |  | $ | 42,475 |  |  |
Cash paid for interest, net of amounts capitalized | $ | 40,819 |  |  | $ | 34,997 |  |  |
Cash paid for income taxes | $ | 2 |  |  | $ | 11 |  |  |
NON-CASH INVESTING AND FINANCING TRANSACTIONS: |  |  |  |  |
Mortgage note receivable repaid with property acquisition | $ | 9,575 |  |  | $ | — |  |  |
Shares issued under dividend reinvestment plan | $ | 387 |  |  | $ | 396 |  |  |
DownREIT operating partnership units issued with acquisition | $ | 265 |  |  | $ | — |  |  |
DownREIT operating partnership units redeemed for common shares | $ | — |  |  | $ | 103 |  |  |
Reconciliation of cash, cash equivalents, and restricted cash |
| March 31, |  | December 31, |  |
| 2026 |  | 2025 |  |
| (In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH: |  |  |  |  |
Cash and cash equivalents | $ | 115,633 |  |  | $ | 107,415 |  |  |
Restricted cash (1) | 8,260 |  |  | 10,291 |  |  |
Total cash, cash equivalents, and restricted cash | $ | 123,893 |  |  | $ | 117,706 |  |  |
(1)Restricted cash balances are included in "prepaid expenses and other assets" on our consolidated balance sheets.

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