Segment Reporting (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Revenue from External Customer [Line Items] | ||||||||
Property revenues | $ 396,509 | $ 387,150 | $ 787,074 | $ 770,291 | ||||
Real estate taxes | (50,641) | (48,763) | (100,363) | (98,264) | ||||
Non-property income | 11,051 | 5,277 | 14,746 | 14,148 | ||||
Interest expense | (35,375) | (32,227) | (69,165) | (64,764) | ||||
Depreciation and amortization | (152,108) | (145,894) | (301,360) | (290,696) | ||||
Loss on early retirement of debt | 0 | 0 | 0 | (921) | ||||
Gain on sale of operating property | 47,293 | 0 | 47,293 | 43,806 | ||||
Income tax expense | (1,231) | (1,059) | (1,790) | (1,964) | ||||
Net income | 82,594 | 44,810 | $ 123,361 | 130,569 | ||||
Maximum [Member] | Revenue Benchmark | Revenue from Rights Concentration Risk | ||||||||
Revenue from External Customer [Line Items] | ||||||||
Concentration Risk, Percentage | 1.50% | |||||||
Reportable Segment | ||||||||
Revenue from External Customer [Line Items] | ||||||||
Property revenues | 396,509 | 387,150 | $ 787,074 | 770,291 | ||||
Real estate taxes | (50,641) | (48,763) | (100,363) | (98,264) | ||||
Salaries and benefits for on-site employees | (27,415) | (25,640) | (53,199) | (50,399) | ||||
Utilities | (27,761) | (26,110) | (55,539) | (52,557) | ||||
Repairs and maintenance | (19,432) | (18,501) | (36,145) | (35,319) | ||||
Other property and maintenance expenses (a) | [1] | (18,423) | (19,875) | (37,846) | (40,895) | |||
Net operating income | 252,837 | 248,261 | 503,982 | 492,857 | ||||
Non-property income | 11,051 | 5,277 | 14,746 | 14,148 | ||||
Other segment expenses (b) | [2] | (39,873) | (29,548) | (70,345) | (61,897) | |||
Interest expense | (35,375) | (32,227) | (69,165) | (64,764) | ||||
Depreciation and amortization | (152,108) | (145,894) | (301,360) | (290,696) | ||||
Loss on early retirement of debt | 0 | 0 | 0 | (921) | ||||
Gain on sale of operating property | 47,293 | 0 | 47,293 | 43,806 | ||||
Income tax expense | (1,231) | (1,059) | (1,790) | (1,964) | ||||
Net income | $ 82,594 | $ 44,810 | $ 123,361 | $ 130,569 | ||||
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- Definition Net Operating Income Loss from Rental Real Estate No definition available.
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- Definition Total non-property income (loss). Includes fee and asset management income, interest and other income, net and income (loss) on deferred compensation plans. No definition available.
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- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of other expense (income) and loss (gain) calculated as difference between segment revenue and separately disclosed expense category to arrive at segment profit (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating expense of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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