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Organization, Basis of Presentation, and Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Summary of tax components of the entity's common dividends declared
The following summarizes the tax components of the Company's common dividends declared for the years ended December 31, 2023, 2022 and 2021 (unaudited):
202320222021
Ordinary income83 %82 %55 %
20% capital gain
11 %15 %26 %
Unrecaptured §1250 gain6 %3 %19 %
Total100 %100 %100 %
Schedule of earnings per common share The Company's earnings per common share are determined as follows (dollars in thousands, except per share data):
 For the year ended December 31,
 202320222021
Basic and diluted shares outstanding   
Weighted average common shares—basic141,307,186 139,634,294 139,389,433 
Weighted average DownREIT units outstanding3,503 7,500 7,500 
Effect of dilutive securities333,099 333,293 320,466 
Weighted average common shares—diluted141,643,788 139,975,087 139,717,399 
Calculation of Earnings per Common Share—basic   
Net income attributable to common stockholders$928,825 $1,136,775 $1,004,299 
Net income allocated to unvested restricted shares(1,663)(2,091)(2,100)
Net income attributable to common stockholders—basic$927,162 $1,134,684 $1,002,199 
Weighted average common shares—basic141,307,186 139,634,294 139,389,433 
Earnings per common share—basic$6.56 $8.13 $7.19 
Calculation of Earnings per Common Share—diluted   
Net income attributable to common stockholders$928,825 $1,136,775 $1,004,299 
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations25 48 48 
Net income attributable to common stockholders—diluted$928,850 $1,136,823 $1,004,347 
Weighted average common shares—diluted141,643,788 139,975,087 139,717,399 
Earnings per common share—diluted$6.56 $8.12 $7.19 
Disaggregation of Revenue
The following table details the Company’s revenue disaggregated by reportable operating segment, further discussed in Note 8, “Segment Reporting,” for the years ended December 31, 2023, 2022 and 2021. The segments are classified based on the individual community's status at December 31, 2023 for the years ended December 31, 2023 and 2022, and at December 31, 2022 for the year ended December 31, 2021. Segment information for total revenue excludes real estate assets that were sold from January 1, 2021 through December 31, 2023, or otherwise qualify as held for sale as of December 31, 2023, as described in Note 6, “Real Estate Disposition Activities.” (dollars in thousands):
Same StoreOther
Stabilized
Communities		Development/
Redevelopment
Communities		Non-
allocated (1)		Total
For the year ended December 31, 2023
Management, development and other fees and other ancillary items$— $— $— $7,722 $7,722 
Non-lease related revenue (2)10,656 5,296 282 — 16,234 
Total non-lease revenue (3)10,656 5,296 282 7,722 23,956 
Lease income (4)2,531,978 129,508 61,270 — 2,722,756 
Total revenue$2,542,634 $134,804 $61,552 $7,722 $2,746,712 
For the year ended December 31, 2022
Management, development and other fees and other ancillary items$— $— $— $6,333 $6,333 
Non-lease related revenue (2)11,048 2,990 165 — 14,203 
Total non-lease revenue (3)11,048 2,990 165 6,333 20,536 
Lease income (4)2,383,244 90,315 29,569 — 2,503,128 
Total revenue$2,394,292 $93,305 $29,734 $6,333 $2,523,664 
For the year ended December 31, 2021
Management, development and other fees and other ancillary items$— $— $— $3,084 $3,084 
Non-lease related revenue (2)7,368 1,879 256 — 9,503 
Total non-lease revenue (3)7,368 1,879 256 3,084 12,587 
Lease income (4)1,988,348 119,780 42,629 — 2,150,757 
Total revenue$1,995,716 $121,659 $42,885 $3,084 $2,163,344 
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(1)Represents third-party property management, developer fees and miscellaneous income and other ancillary items which are not allocated to a reportable segment.
(2)Amounts include revenue streams related to leasing activities that are not considered components of a lease, and revenue streams not related to leasing activities including, but not limited to, application fees, renters insurance fees and vendor revenue sharing.
(3)Represents revenue accounted for under ASC 606.
(4)Represents residential and commercial rental and other lease income, accounted for under ASC 842.