v3.25.2
Segment Reporting (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
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
[1] Other non-significant property segment expenses, include the following other property and maintenance expenses: property insurance, marketing and leasing, property general and administrative, and other property expenses.
[2] Other expenses include property management, fee and asset management, general and administrative, and expense on deferred compensation plans.