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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Rental income $ 2,735,180 $ 2,463,997 $ 2,571,705
EXPENSES      
Property and maintenance 483,865 453,532 440,998
Real estate taxes and insurance 388,412 397,105 381,562
Property management 110,304 98,155 93,825
General and administrative 58,710 56,506 48,305
Depreciation 882,168 838,272 820,832
Total expenses 1,923,459 1,843,570 1,785,522
Net gain (loss) on sales of real estate properties 304,325 1,072,183 531,807
Impairment   (16,769)  
Operating income 1,116,046 1,675,841 1,317,990
Interest and other income 2,193 25,666 5,935
Other expenses (13,664) (19,275) (17,510)
Interest:      
Expense incurred, net (282,920) (272,473) (365,073)
Amortization of deferred financing costs (8,729) (8,737) (8,939)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 812,926 1,401,022 932,403
Income and other tax (expense) benefit (900) (915) (852)
Income (loss) from investments in unconsolidated entities (5,031) (3,398) (3,284)
Net gain (loss) on sales of land parcels   5 34,234
Net income 806,995 1,396,714 962,501
Net (income) loss attributable to Noncontrolling Interests - Partially Owned Properties (3,774) (17,964) (14,855)
Net income attributable to controlling interests $ 776,911 $ 1,332,850 $ 913,636
Earnings per Unit – basic:      
Net income available to Units $ 2.06 $ 3.56 $ 2.45
Earnings per Unit – diluted:      
Net income available to Units $ 2.05 $ 3.54 $ 2.45
Weighted average Units outstanding 389,450 388,089 385,874
ERPOP [Member]      
REVENUES      
Rental income $ 2,735,180 $ 2,463,997 $ 2,571,705
EXPENSES      
Property and maintenance 483,865 453,532 440,998
Real estate taxes and insurance 388,412 397,105 381,562
Property management 110,304 98,155 93,825
General and administrative 58,710 56,506 48,305
Depreciation 882,168 838,272 820,832
Total expenses 1,923,459 1,843,570 1,785,522
Net gain (loss) on sales of real estate properties 304,325 1,072,183 531,807
Impairment   (16,769)  
Operating income 1,116,046 1,675,841 1,317,990
Interest and other income 2,193 25,666 5,935
Other expenses (13,664) (19,275) (17,510)
Interest:      
Expense incurred, net (282,920) (272,473) (365,073)
Amortization of deferred financing costs (8,729) (8,737) (8,939)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 812,926 1,401,022 932,403
Income and other tax (expense) benefit (900) (915) (852)
Income (loss) from investments in unconsolidated entities (5,031) (3,398) (3,284)
Net gain (loss) on sales of land parcels   5 34,234
Net income 806,995 1,396,714 962,501
Net (income) loss attributable to Noncontrolling Interests - Partially Owned Properties (3,774) (17,964) (14,855)
Net income attributable to controlling interests 803,221 1,378,750 947,646
ALLOCATION OF NET INCOME:      
Preference Units 3,090 3,090 3,090
General Partner 773,821 1,329,760 910,546
Limited Partners 26,310 45,900 34,010
Net income available to Units $ 800,131 $ 1,375,660 $ 944,556
Earnings per Unit – basic:      
Net income available to Units $ 2.06 $ 3.56 $ 2.45
Weighted average Units outstanding 388,045 386,096 384,794
Earnings per Unit – diluted:      
Net income available to Units $ 2.05 $ 3.54 $ 2.45
Weighted average Units outstanding 389,450 388,089 385,874