| 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 |
|---|
| Recoveries from tenants | -- | -- | -- | -- | -- | -- | 266.51 | 223.46 | 140.61 | 125.30 |
| Minimum rent | -- | -- | -- | -- | -- | -- | 818.48 | 728.08 | 444.31 | 415.16 |
| Percentage rent | -- | -- | -- | -- | -- | -- | 7.49 | 6.64 | 4.13 | 3.75 |
| Lease income | 1,411.38 | 1,283.94 | 1,187.45 | 1,113.37 | 980.17 | 1,094.30 | -- | -- | -- | -- |
| Management, acquisition and other fees | 27.87 | 26.95 | 25.85 | 40.34 | 26.50 | 29.64 | 28.49 | 26.16 | 25.33 | 25.56 |
| Equity in income (loss) of investments in real estate partnerships | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Service operations revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Other income | 14.65 | 11.57 | 10.72 | 12.46 | 9.51 | 9.20 | -- | -- | -- | -- |
| Total Revenues | 1,453.90 | 1,322.47 | 1,224.02 | 1,166.16 | 1,016.18 | 1,133.14 | 1,120.98 | 984.33 | 614.37 | 569.76 |
| Operating and maintenance | 248.64 | 229.21 | 196.15 | 184.55 | 170.07 | 169.91 | 168.03 | 143.99 | 95.02 | 82.98 |
| Real estate taxes | 184.42 | 165.56 | 149.80 | 142.13 | 143.00 | 136.24 | 137.86 | 109.72 | 66.40 | 61.86 |
| Depreciation and amortization | 394.71 | 352.28 | 319.70 | 303.33 | 345.90 | 374.28 | 359.69 | 334.20 | 162.33 | 146.83 |
| Goodwill impairment | -- | -- | -- | -- | 132.13 | -- | -- | -- | -- | -- |
| General and administrative | 101.47 | 97.81 | 79.90 | 78.22 | 75.00 | 74.98 | 65.49 | 67.62 | 65.33 | 65.60 |
| Other expenses, net | (10.87) | (9.46) | (6.17) | (5.75) | (12.64) | (7.81) | (9.74) | (89.23) | (14.08) | (7.84) |
| Provision for doubtful accounts | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total operating expenses | 940.10 | 854.32 | 751.71 | 713.98 | 746.62 | 763.23 | 740.81 | 744.76 | 403.15 | 365.10 |
| Interest expense, net of interest income | 180.12 | 154.25 | 146.19 | 145.17 | 156.68 | 151.26 | 148.46 | 132.63 | 90.71 | 102.62 |
| Provision for loss on operating properties | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Provision for impairment | 14.30 | -- | -- | 84.39 | 18.54 | 54.17 | 38.44 | -- | 4.20 | -- |
| Gain on sale of operating properties and properties in development | 34.16 | 0.66 | 109.01 | 91.12 | 67.47 | 24.24 | 28.34 | -- | -- | -- |
| Gain on remeasurement of investment in real estate partnership | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net investment income | 6.18 | 5.67 | (6.92) | 5.46 | 5.31 | 5.57 | (1.10) | 3.99 | 1.67 | 0.63 |
| Other income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Early extinguishment of debt | (0.18) | 0.10 | -- | -- | (21.84) | (11.98) | (11.17) | (12.45) | (14.24) | (8.24) |
| Gain (Loss) on derivative instruments | -- | -- | -- | -- | -- | -- | -- | -- | (40.59) | -- |
| Income from deferred compensation plan | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| TOTAL NON-OPERATING INCOME/EXPENSE | 154.26 | 147.82 | 44.10 | 132.98 | 256.41 | 187.61 | 170.82 | 141.09 | 148.07 | 110.24 |
| Income (Loss) before income taxes | 359.55 | 320.33 | 428.21 | 319.20 | 13.15 | 182.30 | 209.35 | 98.47 | 63.15 | 94.43 |
| Income tax expense (benefit) of taxable REIT subsidiary | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interest of limited partners | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interest of preferred units | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interest of exchangeable operating partnership units | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity in income (loss) of investments in real estate partnerships | 50.29 | 50.54 | 59.82 | 47.09 | 34.17 | 60.96 | 42.97 | 43.34 | 56.52 | 22.51 |
| Deferred income tax (benefit) of taxable REIT subsidiary | -- | -- | -- | -- | -- | -- | -- | 9.74 | -- | -- |
| Income from continuing operations | -- | -- | -- | -- | -- | -- | -- | 151.55 | 119.67 | 116.94 |
| Discontinued Operations: Operating income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Discontinued operations: Gain on sale of real estate | -- | -- | -- | -- | -- | -- | -- | 27.43 | 47.32 | 35.61 |
| Discontinued operations: Gain on sale of operating properties and properties in development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Consolidated net income (loss) | 409.84 | 370.87 | 488.04 | 366.29 | 47.32 | 243.26 | 252.33 | 178.98 | 166.99 | 152.54 |
| Noncontrolling interests: Preferred units | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Noncontrolling interests: Exchangeable operating partnership units | 2.34 | 2.01 | 2.11 | 1.62 | 0.20 | 0.63 | 0.53 | 0.39 | 0.26 | 0.24 |
| Noncontrolling interests: Limited partners’ interests in consolidated partnerships | 7.11 | 4.30 | 3.07 | 3.26 | 2.23 | 3.19 | 2.67 | 2.52 | 1.81 | 2.25 |
| Less: Preferred stock dividends | 13.65 | 5.06 | -- | -- | -- | -- | -- | 16.13 | 21.06 | 21.06 |
| Less: Dividends paid on unvested restricted stock | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) available to common shareholders | 386.74 | 359.50 | 482.87 | 361.41 | 44.89 | 239.43 | 249.13 | 159.95 | 143.86 | 128.99 |
| EPS (Basic) : Continuing operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.37 |
| EPS (Basic) : Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Earnings Per Share (Basic) | 2.12 | 2.04 | 2.82 | 2.12 | 0.27 | 1.43 | 1.47 | 1.00 | 1.43 | 1.37 |
| EPS (Diluted) : Continuing operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.36 |
| EPS (Diluted) : Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Earnings Per Share (Diluted) | 2.11 | 2.04 | 2.81 | 2.12 | 0.26 | 1.43 | 1.46 | 1.00 | 1.42 | 1.36 |
| Weighted Average Shares Outstanding (Basic) | 182.82 | 176.09 | 171.40 | 170.24 | 169.23 | 167.53 | 169.72 | 159.83 | 100.86 | 94.39 |
| Weighted Average Shares Outstanding (Diluted) | 183.04 | 176.37 | 171.79 | 170.69 | 169.46 | 167.77 | 170.10 | 160.26 | 101.29 | 94.86 |
| Funds from operations (FFO) | 790.89 | 736.09 | 707.76 | 688.71 | 501.98 | 654.36 | 652.86 | 494.84 | 277.30 | 276.52 |