| Fiscal period | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|
| Period End Date | 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 | 12/31/2014 |
|---|
| Rental revenues | 2,148.47 | 2,019.87 | 1,778.08 | 1,677.98 | 1,641.02 | 1,571.35 | 1,528.99 | 1,033.61 | 952.20 | 899.12 |
| Management fee income | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.17 |
| Interest and other non-property income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity in loss of real estate joint venture | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Other property revenues | -- | -- | -- | -- | -- | -- | -- | 91.74 | 90.58 | 90.00 |
| Total operating revenues | 2,148.47 | 2,019.87 | 1,778.08 | 1,677.98 | 1,641.02 | 1,571.35 | 1,528.99 | 1,125.35 | 1,042.78 | 989.30 |
| Property operating expenses | 461.54 | 435.11 | 404.29 | 387.97 | 377.45 | 371.10 | 364.19 | -- | -- | -- |
| Utilities | -- | -- | -- | -- | -- | -- | -- | 93.00 | 89.77 | 55.25 |
| Personnel | -- | -- | -- | -- | -- | -- | -- | 106.75 | 103.00 | 101.55 |
| Building repairs and maintenance | -- | -- | -- | -- | -- | -- | -- | 31.30 | 30.52 | 29.31 |
| Landscaping | -- | -- | -- | -- | -- | -- | -- | 19.82 | 19.46 | 19.89 |
| Property management expenses | 67.78 | 65.46 | 55.73 | 52.30 | 55.01 | 47.63 | 43.59 | 34.09 | 30.99 | 32.10 |
| Real estate taxes and insurance | 306.60 | 288.59 | 266.88 | 252.51 | 235.39 | 223.49 | 212.54 | 142.78 | 129.62 | 122.92 |
| Depreciation | -- | -- | -- | -- | -- | -- | -- | -- | 294.52 | 301.81 |
| Depreciation and amortization | 565.06 | 543.00 | 533.43 | 510.84 | 496.84 | 489.76 | 493.71 | 322.96 | -- | -- |
| General and administrative expenses | 58.58 | 58.83 | 52.88 | 46.86 | 46.12 | 34.79 | 40.19 | 29.04 | 25.72 | 20.91 |
| Other operating | -- | -- | -- | -- | -- | -- | -- | (29.72) | (28.28) | (63.41) |
| Acquisition expense | -- | -- | -- | -- | -- | -- | -- | (2.93) | (2.78) | (2.39) |
| Integration related expenses | -- | -- | -- | -- | -- | -- | -- | (1.79) | -- | (8.40) |
| Merger-related expenses | -- | -- | -- | -- | -- | (9.11) | (19.99) | (39.03) | -- | -- |
| Income (Loss) from Operating | -- | -- | -- | -- | -- | -- | 354.78 | -- | -- | -- |
| Interest expense | 149.23 | 154.75 | 156.88 | 167.56 | 179.85 | 173.59 | 154.75 | 129.95 | 122.34 | 119.46 |
| Asset impairment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Acquisition expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Merger related expenses | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | (3.15) |
| Gain on sale of non-depreciable assets | -- | -- | -- | -- | -- | 4.53 | -- | -- | -- | -- |
| Gain on properties contributed to joint ventures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sale of depreciable real estate assets excluded from discontinued operations | (0.06) | 214.76 | 220.43 | 0.01 | 80.99 | (0.04) | 127.39 | 80.40 | 189.96 | 42.65 |
| Gain (Loss) on sale of non-depreciable real estate assets | 0.05 | 0.81 | 0.81 | 1.02 | 12.05 | -- | 0.02 | 2.17 | 0.17 | 0.35 |
| Loss on debt extinguishment | -- | -- | -- | -- | -- | -- | -- | (0.08) | (3.60) | (2.59) |
| Gain on disposition within real estate joint ventures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income (loss) from investments in real estate joint ventures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interest in operating partnership income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest and other non-property income | -- | -- | -- | -- | -- | -- | 14.35 | 0.72 | (0.37) | 0.91 |
| Amortization of deferred financing costs | -- | -- | -- | -- | -- | -- | -- | -- | -- | (4.49) |
| Incentive fee from real estate joint ventures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net gain on insurance and other settlement proceeds | -- | -- | -- | -- | -- | -- | -- | 0.45 | 0.47 | (0.48) |
| Other non-operating (expense) income | 31.19 | (42.71) | 33.90 | 4.86 | 25.28 | 5.43 | -- | -- | -- | -- |
| Income (Loss) before income tax expense | 570.85 | 646.99 | 563.13 | 265.84 | 368.66 | 231.80 | 341.79 | 225.86 | 352.42 | 145.11 |
| Income tax expense | 4.74 | (6.21) | 13.64 | 3.33 | 3.70 | 2.61 | 2.62 | 1.70 | 1.67 | 2.05 |
| Gains (loss) from real estate joint ventures | 1.73 | 1.58 | 1.21 | 1.50 | 1.65 | 1.83 | 1.37 | 0.24 | 0.00 | 6.01 |
| Income from continuing operations | -- | -- | -- | -- | -- | -- | 340.54 | 224.40 | 350.75 | 149.07 |
| Discontinued operations: Gain on sale of discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.39 |
| Discontinued operations: Income from discontinued operations before asset impairment, settlement proceeds and gain on sa | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.82 |
| Discontinued operations: Asset impairment on discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Discontinued operations: Net gain (loss) on insurance and other settlement proceeds on discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Discontinued operations:Net loss on insurance and other settlement proceeds on | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income Before Extraordinary Income & Accounting Change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Extraordinary items--loss on debt extinguishment, net of minority interst | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Consolidated net income (loss) | 567.83 | 654.78 | 550.70 | 264.02 | 366.62 | 231.02 | 340.54 | 224.40 | 350.75 | 156.28 |
| Net income attributable to noncontrolling interests | 15.03 | 17.34 | 16.91 | 9.05 | 12.81 | 8.12 | 12.16 | 12.18 | 18.46 | 8.30 |
| Preferred dividend distribution | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 | 0.31 | -- | -- |
| Premiums and original issuance costs associated with theredemption of preferred stock | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Premiums and original issuance costs associated with the redemption of preferred stock | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) available to common shareholders | 549.12 | 633.75 | 530.10 | 251.27 | 350.12 | 219.21 | 324.69 | 211.92 | 332.29 | 147.98 |
| Income from continuing operations | -- | -- | -- | -- | -- | -- | -- | 2.69 | 4.41 | 1.88 |
| Discontinued property operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.09 |
| Extraordinary items | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Earnings Per Share (Basic) | 4.71 | 5.49 | 4.62 | 2.20 | 3.07 | 1.93 | 2.86 | 2.69 | 4.41 | 1.97 |
| Income from continuing operations | -- | -- | -- | -- | -- | -- | -- | 2.69 | 4.41 | 1.88 |
| Discontinued property operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.09 |
| Extraordinary items | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Earnings Per Share (Diluted) | 4.71 | 5.48 | 4.61 | 2.19 | 3.07 | 1.93 | 2.86 | 2.69 | 4.41 | 1.97 |
| Weighted Average Shares Outstanding (Basic) | 116.52 | 115.34 | 114.72 | 114.19 | 113.85 | 113.64 | 113.41 | 78.50 | 75.18 | 74.98 |
| Weighted Average Shares Outstanding (Diluted) | 116.65 | 115.58 | 115.04 | 114.50 | 114.11 | 113.84 | 113.69 | 78.80 | 75.18 | 74.98 |
| Funds from operations (FFO) | 1,123.79 | 972.78 | 853.42 | 765.29 | 773.19 | 712.69 | 699.56 | 463.39 | 452.37 | 404.09 |