| Fiscal period | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|
| Period End Date | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 |
|---|
| Revenues: Rental | 2,945.18 | 3,049.71 | 2,842.46 | 2,576.04 | 2,108.25 | 1,878.21 | 1,516.86 | 1,010.72 | 863.18 | 673.82 |
| Revenues: Tenant recoveries | -- | -- | -- | -- | -- | -- | -- | 304.06 | 259.14 | 223.66 |
| Revenues: Other income | 81.38 | 66.69 | 43.24 | 12.92 | 5.90 | 7.43 | 14.43 | 12.68 | 5.77 | 24.23 |
| Total Revenues | 3,026.56 | 3,116.39 | 2,885.70 | 2,588.96 | 2,114.15 | 1,885.64 | 1,531.30 | 1,327.46 | 1,128.10 | 921.71 |
| Expenses: Rental operations | 922.61 | 909.27 | 859.18 | 783.15 | 623.56 | 530.22 | 445.49 | 381.12 | 325.61 | 278.41 |
| Depreciation and amortization | 1,350.48 | 1,202.38 | 1,093.47 | 1,002.15 | 821.06 | 698.10 | 544.61 | 477.66 | 416.78 | 313.39 |
| General and administrative | 117.05 | 168.36 | 199.35 | 177.28 | 151.46 | 133.34 | 108.82 | 90.41 | 75.01 | 63.88 |
| Expenses: Interest | 226.70 | 185.84 | 74.20 | 94.20 | 142.17 | 171.61 | 173.68 | 157.50 | 128.65 | 106.95 |
| Impairment of real estate | 2,202.82 | 223.07 | 461.11 | 64.97 | 52.68 | 48.08 | 12.33 | 6.31 | 0.20 | 209.26 |
| Impairment on investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Non-cash impairment on investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Impairment of land parcel | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity in earnings of unconsolidated joint ventures | -- | 7.06 | -- | -- | 12.26 | 8.15 | 10.14 | 43.98 | -- | (0.18) |
| Investment income | (56.34) | (53.12) | (195.40) | (331.76) | 259.48 | 421.32 | 194.65 | 136.76 | -- | -- |
| Loss on early extinguishment of debt | (0.11) | 0.00 | 0.00 | (3.32) | (67.25) | (60.67) | (47.57) | (1.12) | (3.45) | (3.23) |
| Total expenses | 4,819.75 | 2,688.91 | 2,687.33 | 2,125.07 | 1,858.17 | 1,642.02 | 1,332.51 | 1,114.11 | 949.70 | 975.13 |
| Minority interest | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity in (loss) earnings of unconsolidated real estate joint ventures | (9.63) | -- | 0.98 | 0.65 | -- | -- | -- | -- | 15.43 | -- |
| Gain on sales of real estate - rental properties | -- | -- | -- | -- | 126.57 | 154.09 | 0.47 | 8.70 | 0.27 | 3.72 |
| Income from continuing operations | -- | -- | -- | -- | -- | 827.17 | 404.05 | 402.79 | 194.09 | (49.89) |
| Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income (Loss) from discontinued operations before gain on sales of real estate | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sales real estate | 642.45 | 129.31 | 277.04 | 537.92 | -- | -- | -- | -- | -- | 0.09 |
| Net income before extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Extraordinary item - loss on early extinguishment of debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sales of land parcels | -- | -- | -- | -- | -- | -- | -- | -- | 0.11 | -- |
| Consolidated net income (loss) | (1,216.73) | 510.73 | 280.99 | 670.70 | 654.28 | 827.17 | 404.05 | 402.79 | 194.20 | (49.80) |
| Net income attributable to noncontrolling interests | 212.84 | 187.78 | 177.36 | 149.04 | 83.04 | 56.21 | 40.88 | 23.48 | 25.11 | 16.10 |
| Dividends on preferred stock | 8.42 | -- | -- | -- | 0.00 | -- | 3.20 | 5.06 | 7.67 | 20.22 |
| Preferred stock redemption charge | -- | -- | -- | -- | 0.00 | -- | 2.58 | 4.24 | 11.28 | 61.27 |
| Net income attributable to unvested restricted stock awards | -- | 13.39 | 11.20 | 8.39 | 7.85 | 10.17 | 6.39 | 6.03 | 4.75 | 3.75 |
| Net income (loss) available to common shareholders | (1,437.99) | 309.56 | 92.44 | 513.27 | 563.40 | 760.79 | 351.00 | 363.98 | 145.40 | (151.14) |
| EPS (Basic) : Continuing operations | -- | -- | -- | -- | -- | -- | -- | -- | 1.59 | (1.99) |
| EPS (Basic) : Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Extraordinary item - loss on early extinguis | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Earnings Per Share (Basic) | (8.44) | 1.80 | 0.54 | 3.18 | 3.83 | 6.03 | 3.13 | 3.53 | 1.59 | (1.99) |
| EPS (Diluted) : Continuing operations | -- | -- | -- | -- | -- | -- | -- | -- | 1.58 | (1.99) |
| EPS (Diluted) : Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Extraordinary item - loss on early extinguis | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Earnings Per Share (Diluted) | (8.44) | 1.80 | 0.54 | 3.18 | 3.82 | 6.01 | 3.12 | 3.52 | 1.58 | (1.99) |
| Weighted Average Shares Outstanding (Basic) | 170.31 | 172.07 | 170.91 | 161.66 | 146.92 | 126.11 | 112.20 | 103.01 | 91.55 | 76.10 |
| Weighted Average Shares Outstanding (Diluted) | 170.31 | 172.07 | 170.91 | 161.66 | 147.46 | 126.49 | 112.52 | 103.32 | 92.06 | 76.10 |
| Funds From operations | 1,310.61 | 1,431.75 | 1,229.43 | 879.57 | 1,203.49 | 1,274.35 | 877.42 | 783.47 | 531.76 | 250.00 |