XML 50 R41.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Reporting - Reconciliation of NOI to Net Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Reconciliation of NOI to net income        
Net income $ 367,807 $ 138,566 $ 514,582 $ 400,642
Property management and other indirect operating expenses, net of corporate income 28,972 30,632 59,756 58,745
Expensed transaction, development and other pursuit costs, net of recoveries 1,261 2,364 4,253 3,351
Interest expense, net 51,585 58,797 108,406 115,323
General and administrative expense 17,676 21,291 38,076 38,712
Income from unconsolidated investments (4,970) (2,480) (9,815) (2,797)
Depreciation expense 200,546 199,302 405,289 401,088
Income tax (benefit) expense (217) (159) 3,343 2,312
Casualty loss 0 0 5,051 0
Gain on sale of communities (187,322) (404) (187,309) (149,204)
Other real estate activity (341) 28 (470) (245)
Net operating income from real estate assets sold or held for sale (3,977) (12,252) (8,781) (25,521)
Net operating income $ 471,020 $ 435,685 $ 932,381 $ 842,406
Non-Apartment Components Of Mixed-Use Communities And Other Nonresidential Operations | Operating Income (Loss) | Product Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration risk (as a percent) 1.80% 1.70% 1.80% 1.90%