| Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|
| Period End Date | 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 | 12/31/2015 |
|---|
| Rental | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Rental and other property | 1,764.19 | 1,658.26 | 1,595.68 | 1,431.42 | 1,486.15 | 1,450.63 | 1,390.87 | 1,354.33 | 1,285.72 | 1,185.50 |
| Other property | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Management and other fees from affiliates | 10.27 | 11.13 | 11.14 | 9.14 | 9.60 | 9.53 | 9.18 | 9.57 | 8.28 | 8.91 |
| Total Revenues | 1,774.45 | 1,669.40 | 1,606.81 | 1,440.56 | 1,495.75 | 1,460.16 | 1,400.05 | 1,363.90 | 1,294.00 | 1,194.41 |
| Property operating, excluding real estate taxes | 326.11 | 299.67 | 283.35 | 264.89 | 263.39 | 242.53 | 233.81 | 259.23 | 249.77 | 234.95 |
| Property operating expenses: Maintenance and repairs | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Property operating expenses: Utilities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Property operating expenses: Administrative | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Property operating expenses: Advertising | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Property operating expenses: Insurance | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of management and other fees | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Corporate-level property management expenses | 48.22 | 45.87 | 40.70 | 36.19 | 34.57 | 32.90 | 31.06 | -- | -- | -- |
| Real estate taxes | 193.41 | 185.81 | 183.92 | 180.37 | 177.01 | 155.17 | 151.53 | 146.31 | 139.16 | 128.56 |
| Depreciation | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Depreciation and amortization | 580.22 | 548.44 | 539.32 | 520.07 | 525.50 | 483.75 | 479.88 | 468.88 | 441.68 | 453.42 |
| Amortization of deferred financing costs | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| General and administrative | 98.90 | 63.47 | 56.58 | 51.84 | 65.39 | 54.26 | 53.45 | 41.39 | 40.75 | 40.09 |
| Merger expenses | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 3.80 |
| Acquisition and disposition costs | 0.07 | 0.60 | 2.13 | 0.20 | 1.59 | 0.17 | 0.19 | 1.57 | 1.84 | 2.41 |
| Other expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Impairment and other charges | -- | -- | -- | -- | (1.83) | (7.11) | -- | -- | -- | -- |
| Casualty loss | -- | (0.43) | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sale of real estate and land | 175.58 | 59.24 | 94.42 | 142.99 | 64.97 | -- | -- | -- | -- | -- |
| Total operating expenses | -- | -- | -- | -- | -- | 975.88 | 949.93 | 917.38 | 873.20 | 863.23 |
| Earnings from operations | 703.10 | 584.34 | 595.23 | 530.00 | 491.44 | 484.28 | 450.13 | 446.52 | 420.80 | 331.17 |
| Interest | 235.53 | 212.91 | 204.80 | 203.13 | 220.63 | 217.34 | 220.49 | 222.89 | 219.65 | 204.83 |
| Gain on sale of real estate and land | -- | -- | -- | -- | -- | (3.16) | 61.86 | 26.42 | 154.56 | 47.33 |
| Equity income (loss) in co-investments | 48.21 | 10.56 | 26.03 | 111.72 | 66.51 | 112.14 | 89.13 | 86.45 | 48.70 | 21.86 |
| Minority interests | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest and other income | 80.95 | 46.26 | (19.04) | 98.74 | 41.00 | 46.30 | 23.01 | 24.60 | 27.31 | 19.14 |
| Gain (Loss) on early retirement of debt | -- | -- | 0.00 | (19.01) | (22.88) | 3.72 | 0.00 | (1.80) | (0.61) | (6.11) |
| Amortization expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on remeasurement of co-investment | 210.56 | 0.00 | 17.42 | 2.26 | 234.69 | 31.54 | 1.25 | 88.64 | 0.00 | 34.01 |
| Total return swap income | 3.10 | 3.15 | 7.91 | 10.77 | 10.73 | 8.45 | 8.71 | 10.10 | 11.72 | 5.66 |
| Tax (expense) benefit on unconsolidated co-investments | 0.93 | (0.70) | 10.24 | (15.67) | (1.53) | (1.46) | 0.00 | 0.00 | (4.41) | -- |
| Pre-Tax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Provision for Income Taxes - Total | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income from continuing operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 248.24 |
| Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 |
| Discontinued operations: Operating income from real estate sold | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Discontinued operations: Gain on sale of real estate | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Discontinued operations: Impairment loss | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income Before Extraordinary Income & Accounting Change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Consolidated net income (loss) | 811.31 | 430.71 | 432.99 | 515.69 | 599.33 | 464.45 | 413.60 | 458.04 | 438.41 | 248.24 |
| Net income (loss) attributable to noncontrolling interest | 69.78 | 24.88 | 24.67 | 27.14 | 30.46 | 25.16 | 23.45 | 24.98 | 23.43 | 16.12 |
| Dividends to preferred stockholders | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 1.31 | 5.26 |
| Write off of Series C preferred units offering costs | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Amortization of discount on Series F preferred stock | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividends to preferred stockholders - Series F | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Excess of the carrying amount of preferred stock redeemed over the cash paid to redeem preferred stock | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 2.54 | -- |
| Net income (loss) available to common shareholders | 741.52 | 405.83 | 408.32 | 488.55 | 568.87 | 439.29 | 390.15 | 433.06 | 411.12 | 226.87 |
| Earnings Per Share (Basic) - Cont Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.50 |
| Earnings Per Share (Basic) - Disc Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 |
| Net Earnings Per Share (Basic) | 11.55 | 6.32 | 6.27 | 7.51 | 8.69 | 6.67 | 5.91 | 6.58 | 6.28 | 3.50 |
| Earnings Per Share (Diluted) - Cont Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.49 |
| Earnings Per Share (Diluted) - Disc Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 |
| Net Earnings Per Share (Diluted) | 11.54 | 6.32 | 6.27 | 7.51 | 8.69 | 6.66 | 5.90 | 6.57 | 6.27 | 3.49 |
| Weighted Average Shares Outstanding (Basic) | 64.23 | 64.25 | 65.08 | 65.05 | 65.45 | 65.84 | 66.04 | 65.83 | 65.47 | 64.87 |
| Weighted Average Shares Outstanding (Diluted) | 64.25 | 64.25 | 65.10 | 65.09 | 65.57 | 65.94 | 66.09 | 65.90 | 65.59 | 65.06 |
| Funds from operations (FFO) | 1,063.88 | 1,013.71 | 923.36 | 941.05 | 865.27 | 936.35 | 871.82 | 812.11 | 754.65 | 654.06 |