v3.26.1
Segment Reporting - Schedule of Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]            
Rents and other single-family property revenues $ 470,104   $ 457,503   $ 942,128 $ 916,779
Total noncash share-based compensation expense 6,645   6,473   13,405 14,134
General and administrative expense 21,659   20,008   42,991 39,679
Acquisition, disposition and other transaction costs 3,195   2,655   6,255 5,716
Depreciation and amortization 127,606   126,939   254,950 251,867
Loss on early extinguishment of debt 0   0   0 (216)
Gain on sale and impairment of single-family properties and other, net 59,432   51,908   137,876 113,924
Net income 132,919 $ 148,844 123,624 $ 128,713 281,763 252,337
Property management expenses            
Segment Reporting [Line Items]            
Cost of goods and services sold 33,844   34,412   67,128 68,593
Reportable Segment            
Segment Reporting [Line Items]            
Core revenues 415,990   405,046   822,114 800,461
Cost of goods and services sold 161,943   160,089   330,652 327,619
Total core property operating expenses 140,606   140,907   275,578 277,511
Core NOI 275,384   264,139   546,536 522,950
Tenant charge-backs 54,114   52,457   120,014 116,318
Rents and other single-family property revenues 470,104   457,503   942,128 916,779
General and administrative expense (21,659)   (20,008)   (42,991) (39,679)
Interest expense (49,527)   (46,303)   (97,749) (91,729)
Acquisition, disposition and other transaction costs (3,195)   (2,655)   (6,255) (5,716)
Depreciation and amortization (127,606)   (126,939)   (254,950) (251,867)
Loss on early extinguishment of debt 0   0   0 (216)
Gain on sale and impairment of single-family properties and other, net 59,432   51,908   137,876 113,924
Other income and expense, net 1,157   4,619   1,484 7,053
Net income 132,919   123,624   281,763 252,337
Reportable Segment | Property management expenses            
Segment Reporting [Line Items]            
Total noncash share-based compensation expense (1,067)   (1,137)   (2,188) (2,383)
Reportable Segment | Property tax expense            
Segment Reporting [Line Items]            
Cost of goods and services sold 68,107   66,119   136,287 133,059
Reportable Segment | HOA fees, net of tenant charge-backs            
Segment Reporting [Line Items]            
Cost of goods and services sold 7,245   7,349   14,078 14,163
Reportable Segment | Repairs and maintenance and turnover costs, net of tenant charge-backs            
Segment Reporting [Line Items]            
Cost of goods and services sold 30,553   31,808   56,142 59,089
Reportable Segment | Insurance            
Segment Reporting [Line Items]            
Cost of goods and services sold 4,272   4,614   8,823 9,545
Reportable Segment | Property management expenses, net of tenant charge-backs and excluding noncash share-based compensation            
Segment Reporting [Line Items]            
Cost of goods and services sold $ 30,429   $ 31,017   $ 60,248 $ 61,655