v3.26.1
Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Real Estate [Abstract]        
Property revenues $ 392,944 $ 396,509 $ 781,717 $ 787,074
Property expenses        
Property operating and maintenance 91,303 93,031 181,482 182,729
Real estate taxes 49,641 50,641 99,531 100,363
Total property expenses 140,944 143,672 281,013 283,092
Non-property income        
Fee and asset management 3,131 2,633 5,274 5,120
Interest and other income 129 68 382 78
Income on deferred compensation plans 12,595 8,350 11,436 9,548
Total non-property income 15,855 11,051 17,092 14,746
Other expenses        
Property management 10,134 9,699 20,392 19,594
Fee and asset management 1,840 641 2,501 1,312
General and administrative 22,348 18,996 37,053 35,944
Interest 41,422 35,375 78,781 69,165
Depreciation and amortization 157,134 152,108 307,134 301,360
Expense on deferred compensation plans 12,595 8,350 11,436 9,548
Other non-operating expenses 400 2,187 61,305 3,947
Total other expenses 245,873 227,356 518,602 440,870
Gain on sale of operating property, including land 0 47,293 68,100 47,293
Income from continuing operations before income taxes 21,982 83,825 67,294 125,151
Income tax expense (1,276) (1,231) (2,214) (1,790)
Net income 20,706 82,594 65,080 123,361
Net income allocated to non-controlling interests (1,916) (1,924) (3,841) (3,869)
Net income attributable to common shareholders $ 18,790 $ 80,670 $ 61,239 $ 119,492
Earnings per share – basic $ 0.18 $ 0.74 $ 0.59 $ 1.10
Earnings per share – diluted $ 0.18 $ 0.74 $ 0.59 $ 1.10
Weighted average number of common shares outstanding – basic 102,342 108,636 103,577 108,584
Weighted average number of common shares outstanding – diluted 102,363 109,400 103,624 108,636
Condensed Consolidated Statements of Comprehensive Income        
Net income $ 20,706 $ 82,594 $ 65,080 $ 123,361
Other comprehensive income        
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation 251 351 608 702
Comprehensive income 20,957 82,945 65,688 124,063
Net income allocated to non-controlling interests (1,916) (1,924) (3,841) (3,869)
Comprehensive income attributable to common shareholders $ 19,041 $ 81,021 $ 61,847 $ 120,194