v3.26.1
Reportable Segments - Schedule of Consolidated Net Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting          
Operations revenues $ 397,815 $ 376,866 $ 795,437 $ 764,200  
Reconciliation to consolidated net income:          
Depreciation and amortization (53,637) (52,649) (106,773) (103,591)  
Income from other investments, net 15,252 16,473 29,348 32,028  
General and administrative (11,872) (10,455) (22,973) (19,694)  
Casualty-related charges/(recoveries), net 7,094 541 7,026 324  
Interest and related amortization (33,824) (32,200) (67,469) (63,336)  
Equity in income/(loss) of unconsolidated joint ventures 668 (47) (209) 4,854  
Consolidated net income 99,518 83,493 211,009 197,886  
Total assets 5,800,675 5,720,883 5,800,675 5,720,883 $ 5,745,393
Capital improvements 64,174 59,458 109,459 104,659  
Property Operations          
Reconciliation to consolidated net income:          
Total assets 5,493,537 5,465,841 5,493,537 5,465,841  
Capital improvements 55,911 55,983 96,555 99,513  
Home Sales and Rentals Operations          
Reconciliation to consolidated net income:          
Total assets 307,138 255,042 307,138 255,042  
Capital improvements 8,263 3,475 12,904 5,146  
Operating Segments          
Segment Reporting          
Operations revenues 390,426 372,580 784,083 755,658  
Operations expenses (205,010) (197,939) (391,081) (382,369)  
NOI 185,416 174,641 393,002 373,289  
Reconciliation to consolidated net income:          
Depreciation and amortization (53,637) (52,649) (106,773) (103,591)  
Gain/(Loss) on sale of real estate and impairment, net (507) (683) (507) (683)  
Operating Segments | Property Operations          
Segment Reporting          
Operations revenues 376,245 358,381 757,191 727,467  
Operations expenses (191,551) (184,916) (365,327) (357,647)  
NOI 184,694 173,465 391,864 369,820  
Reconciliation to consolidated net income:          
Income from other investments, net 15,252 16,473 29,348 32,028  
Operating Segments | Home Sales and Rentals Operations          
Segment Reporting          
Operations revenues 14,181 14,199 26,892 28,191  
Operations expenses (13,459) (13,023) (25,754) (24,722)  
NOI 722 1,176 1,138 3,469  
Segment Reconciling Items          
Reconciliation to consolidated net income:          
Interest income 1,580 2,202 3,771 4,440  
Income from other investments, net 5,809 2,084 7,583 4,102  
General and administrative (11,872) (10,455) (22,973) (19,694)  
Casualty-related charges/(recoveries), net 7,094 541 7,026 324  
Other expenses (1,209) 59 (2,442) (1,819)  
Interest and related amortization (33,824) (32,200) (67,469) (63,336)  
Equity in income/(loss) of unconsolidated joint ventures $ 668 $ (47) $ (209) $ 4,854