| Fiscal period | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|
| Period End Date | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 |
|---|
| Rental and other income | 2,291.77 | 2,297.44 | 2,319.67 | 2,280.96 | 2,154.48 | 2,039.66 | 1,846.08 | 1,674.01 | 1,451.42 | 990.37 |
| Management, development and other fees | 3.08 | 3.82 | 4.96 | 3.57 | 4.15 | 5.60 | 9.95 | 11.05 | 11.50 | 10.26 |
| Other income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Revenues | 2,294.85 | 2,301.26 | 2,324.63 | 2,284.54 | 2,158.63 | 2,045.26 | 1,856.03 | 1,685.06 | 1,462.92 | 1,000.63 |
| Property taxes | 283.09 | 273.19 | 252.96 | 241.56 | 221.38 | 204.84 | 193.50 | 178.63 | 158.77 | 97.56 |
| Operating expenses, excluding property taxes | 570.85 | 549.91 | 515.15 | 524.99 | 500.92 | 478.44 | 448.75 | 410.67 | 352.25 | 259.35 |
| Depreciation expense | 758.60 | 707.33 | 661.58 | 631.20 | 584.15 | 531.43 | 477.92 | 442.68 | 560.22 | 243.68 |
| General and administrative expense | 69.61 | 60.34 | 58.04 | 60.37 | 53.70 | 45.77 | 42.77 | 41.43 | 39.57 | 34.10 |
| Non-recurring charges | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest expense, net | (220.42) | (214.15) | (203.59) | (220.97) | (199.66) | (187.51) | (175.62) | (180.62) | (172.40) | (136.92) |
| (Gain) loss on extinguishment of debt, net | (17.79) | (9.33) | (0.60) | (17.49) | (25.47) | (7.08) | 26.74 | (0.41) | (14.92) | (1.18) |
| Expensed acquisition, development and other pursuit costs | (3.23) | (12.40) | (4.99) | (3.27) | (2.74) | (9.92) | (6.82) | 3.72 | (45.05) | (11.35) |
| Loss on interest rate contract | -- | -- | -- | -- | -- | -- | -- | -- | (51.00) | -- |
| Total operating expenses | 1,926.70 | 1,826.66 | 1,696.90 | 1,700.07 | -- | -- | 1,308.10 | 1,250.73 | 1,394.18 | 785.58 |
| Impairment loss - land holdings | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.45 |
| Casualty and impairment gain, net | 3.12 | -- | -- | 0.22 | 6.25 | (3.94) | (10.54) | -- | -- | -- |
| Gain on acquisition of unconsolidated real estate entity | -- | -- | -- | -- | -- | -- | -- | -- | -- | 14.19 |
| Gain on sale of land | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.28 |
| Gain on sale of real estate | 2.10 | 0.44 | 0.44 | 0.35 | (10.91) | 10.22 | 9.65 | 0.49 | 0.24 | -- |
| Loss on interest rate contract | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity in income (loss)of unconsolidated entities | 38.59 | 6.42 | 8.65 | 15.27 | 70.74 | 64.96 | 70.02 | 148.77 | (11.15) | 20.91 |
| Minority interest in consolidated partnerships | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sale of communities | 602.24 | 340.44 | 166.11 | 374.98 | 252.60 | 374.62 | 115.63 | 84.93 | -- | -- |
| Venture partner interest in profit-sharing | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Expensed development and other pursuit costs | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| For-sale condominium marketing and administrative costs | (0.98) | 2.55 | (3.81) | (1.04) | -- | -- | -- | -- | -- | -- |
| Income from continuing operations before taxes | 1,010.09 | 824.46 | 799.11 | 974.02 | 876.80 | 1,034.01 | 743.22 | 668.52 | 57.83 | 250.43 |
| Income tax expense | 5.73 | (3.25) | 13.00 | (0.16) | 0.14 | 0.31 | 1.48 | 9.37 | -- | -- |
| Income from continuing operations | -- | -- | -- | -- | -- | -- | -- | 659.15 | 57.83 | 250.43 |
| Discontinued operations: Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | 0.31 | 16.71 | 26.82 |
| Discontinued operations: Gain on sale of communities | -- | -- | -- | -- | -- | -- | -- | 37.87 | 278.23 | 146.31 |
| Income before cumulative effect of change in accounting principle | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cumulative effect of change in accounting principle | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) | 1,004.36 | 827.71 | 786.10 | 974.18 | 876.66 | 1,033.71 | 741.73 | 697.33 | 352.77 | 423.56 |
| Net loss (income)attributable to redeemable noncontrolling interests | (0.06) | (0.08) | (0.13) | (0.35) | (0.26) | (0.29) | (0.31) | 13.76 | (0.37) | (0.31) |
| Dividends attributable to preferred stock | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income allocated to unvested restricted shares | -- | -- | -- | -- | 2.46 | -- | -- | -- | -- | -- |
| Diluted Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) available to common shareholders | 1,004.30 | 827.63 | 785.97 | 974.53 | 874.46 | 1,034.00 | 742.04 | 683.57 | 353.14 | 423.87 |
| Diluted Net income (loss) available to common shareholders | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income from continuing operations | -- | -- | -- | -- | -- | -- | -- | 4.93 | 0.46 | 2.57 |
| EPS (Basic) : Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | 0.29 | 2.32 | 1.77 |
| Net Earnings Per Share (Basic) | 7.19 | 5.89 | 5.64 | 7.05 | 6.36 | 7.53 | 5.54 | 5.22 | 2.78 | 4.34 |
| Income from continuing operations | -- | -- | -- | -- | -- | -- | -- | 4.92 | 0.46 | 2.55 |
| EPS (Diluted) : Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | 0.29 | 2.32 | 1.77 |
| Net Earnings Per Share (Diluted) | 7.19 | 5.89 | 5.63 | 7.05 | 6.35 | 7.52 | 5.51 | 5.21 | 2.78 | 4.32 |
| Weighted Average Shares Outstanding (Basic) | 139.39 | 140.10 | 139.05 | 137.85 | 137.52 | 136.93 | 133.57 | 130.59 | 126.86 | 97.42 |
| Weighted Average Shares Outstanding (Diluted) | 139.72 | 140.44 | 139.57 | 138.29 | 138.07 | 137.46 | 134.59 | 131.24 | 127.27 | 98.03 |
| Funds from operations (FFO) | 1,135.68 | 1,186.41 | -- | -- | 1,167.22 | 1,135.76 | 1,083.09 | 951.04 | 642.81 | 521.05 |