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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Rental revenues and other property income $ 554,541 $ 490,618 $ 1,084,740 $ 965,072
Management fee revenues 2,759 1,015 4,870 1,786
Total revenues 557,300 491,633 1,089,610 966,858
Expenses:        
Property operating and maintenance 190,680 175,422 372,949 343,795
Property management expense 21,814 17,696 42,781 33,538
General and administrative 19,342 19,828 36,981 36,778
Interest expense 74,840 80,764 149,229 164,170
Depreciation and amortization 158,572 145,280 314,368 289,781
Impairment and other 1,355 980 2,870 1,336
Total expenses 466,603 439,970 919,178 869,398
Gains (losses) on investments in equity securities, net (172) (7,002) (3,204) (10,142)
Other, net (3,827) (1,903) (3,233) (1,673)
Gain on sale of property, net of tax 27,508 17,919 45,534 32,403
Income (loss) from investments in unconsolidated joint ventures (2,701) 11 (5,021) 362
Net income 111,505 60,688 204,508 118,410
Net income attributable to non-controlling interests (542) (350) (930) (705)
Net income attributable to common stockholders 110,963 60,338 203,578 117,705
Net income available to participating securities (148) (96) (368) (191)
Net income available to common stockholders — basic (Note 12) 110,815 60,242 203,210 117,514
Net income available to common stockholders — diluted (Note 12) $ 110,815 $ 60,242 $ 203,210 $ 117,514
Weighted average common shares outstanding — basic (in shares) 610,331,643 567,931,472 608,381,768 567,655,034
Weighted average common shares outstanding — diluted (in shares) 611,620,475 569,283,166 609,775,270 569,056,182
Net income per common share — basic (in usd per share) $ 0.18 $ 0.11 $ 0.33 $ 0.21
Net income per common share — diluted (in usd per share) $ 0.18 $ 0.11 $ 0.33 $ 0.21