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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Resident fees and services $ 1,360,274 $ 1,131,685
Rental income   417,652 384,059
Interest income 52,664 36,405
Other income 29,151 8,580
Total revenues 1,859,741 1,560,729
Expenses:    
Property operating expenses 1,096,913 957,753
Depreciation and amortization 365,863 339,112
Interest expense 147,318 144,403
General and administrative expenses 53,318 44,371
Loss (gain) on derivatives and financial instruments, net (3,054) 930
Loss (gain) on extinguishment of debt, net 6 5
Provision for loan losses, net 1,014 777
Impairment of assets 43,331 12,629
Other expenses 14,131 22,745
Total expenses 1,718,840 1,522,725
Income (loss) from continuing operations before income taxes and other items 140,901 38,004
Income tax (expense) benefit (6,191) (3,045)
Income (loss) from unconsolidated entities (7,783) (7,071)
Gain (loss) on real estate dispositions, net 4,707 747
Income (loss) from continuing operations 131,634 28,635
Net income (loss) 131,634 28,635
Less: Net income (loss) attributable to noncontrolling interests [1] 4,488 2,962
Net income (loss) attributable to common stockholders $ 127,146 $ 25,673
Weighted average number of common shares outstanding:    
Basic (in shares) 574,049 492,061
Diluted (in shares) 577,530 494,494
Basic:    
Income (loss) from continuing operations (in dollars per share) $ 0.23 $ 0.06
Net income (loss) attributable to common stockholders (in dollars per share) 0.22 0.05
Diluted:    
Income (loss) from continuing operations (in dollars per share) 0.23 0.06
Net income (loss) attributable to common stockholders (in dollars per share) [2] 0.22 0.05
Dividends declared and paid per common share (in dollars per share) $ 0.61 $ 0.61
Net income (loss) $ 131,634 $ 28,635
Other comprehensive income (loss):    
Foreign currency translation gain (loss) (85,830) 80,765
Derivative and financial instruments designated as hedges gain (loss) 60,615 (69,738)
Total other comprehensive income (loss) (25,215) 11,027
Total comprehensive income (loss) 106,419 39,662
Less: Total comprehensive income (loss) attributable to noncontrolling interests [3] (3,050) 5,841
Total comprehensive income (loss) attributable to common stockholders $ 109,469 $ 33,821
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Includes adjustment to the numerator for income (loss) attributable to OP Units and DownREIT Units.
[3]
(1) Includes amounts attributable to redeemable noncontrolling interests.