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Revenues (Tables)
3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents the Company’s revenues disaggregated by revenue source ($ in thousands):
 Three Months Ended March 31,
 20232022
Rental income$404,635 $373,425 
Other property5,021 5,791 
Management and other fees from affiliates2,765 2,689 
Total revenues$412,421 $381,905 

The following table presents the Company’s rental and other property revenues disaggregated by geographic operating segment ($ in thousands):
 Three Months Ended March 31,
 20232022
Southern California$166,877 $153,339 
Northern California163,624 152,745 
Seattle Metro70,038 64,203 
Other real estate assets (1)
9,117 8,929 
Total rental and other property revenues$409,656 $379,216 

(1) Other real estate assets consist of revenues generated from retail space, commercial properties, held for sale properties, disposition properties and straight-line rent adjustments for concessions. Executive management does not evaluate such operating performance geographically.

The following table presents the Company’s rental and other property revenues disaggregated by current property category status ($ in thousands):
 Three Months Ended March 31,
 20232022
Same-property (1)
$388,895 $361,415 
Acquisitions (2)
1,021 — 
Development (3)
5,500 4,227 
Redevelopment1,537 1,435 
Non-residential/other, net (4)
12,127 15,023 
Straight line rent concession (5)
576 (2,884)
Total rental and other property revenues$409,656 $379,216 

(1) Same-property includes properties that have comparable stabilized results as of January 1, 2022 and are consolidated by the Company for the three months ended March 31, 2023 and 2022. A community is generally considered to have reached stabilized operations once it achieves an initial occupancy of 90%.
(2) Acquisitions include properties acquired which did not have comparable stabilized results as of January 1, 2022.
(3) Development includes properties developed which did not have stabilized results as of January 1, 2022.
(4) Non-residential/other, net consists of revenues generated from retail space, commercial properties, held for sale properties, disposition properties, student housing, properties undergoing significant construction activities that do not meet our
redevelopment criteria, and two communities located in the California counties of Santa Barbara and Santa Cruz, which the Company does not consider its core markets.
(5) Represents straight-line concessions for residential operating communities. Same-property revenues reflect concessions on a cash basis. Total rental and other property revenues reflect concessions on a straight-line basis in accordance with U.S. GAAP.