7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2013-12-31 2013-09-30 2013-06-30 
      
    		                                              
      rents and other single-family property revenues
    		478,464,000 457,503,000 459,276,000 436,593,000 445,055,000 423,494,000 423,555,000 408,657,000 421,697,000 395,548,000 397,703,000 380,926,000 391,627,000 361,876,000 356,105,000 338,092,000 339,563,000 313,654,000 312,573,000 296,551,000 307,932,000 280,689,000 287,342,000 281,465,000 293,064,000 279,914,000 277,694,000                    
      expenses:
    		                                              
      property operating expenses
    		181,604,000 160,089,000 167,530,000 148,455,000 172,031,000 149,470,000 155,927,000 142,797,000 167,041,000 142,553,000 147,068,000 137,113,000 152,065,000 129,270,000 133,643,000 120,239,000 134,694,000 116,578,000 118,694,000 106,160,000 126,174,000 110,436,000 107,497,000 102,788,000 119,791,000 104,591,000 106,684,000 99,475,000 113,600,000 98,843,000 100,987,000 87,871,000 97,944,000 85,954,000 83,305,000 95,476,000 110,412,000 95,585,000 85,001,000        
      property management expenses
    		33,384,000 34,412,000 34,181,000 33,564,000 31,973,000 32,382,000 31,402,000 31,112,000 30,785,000 30,666,000 30,800,000 28,157,000 29,739,000 28,768,000 26,034,000 26,188,000 24,562,000 22,416,000 23,699,000 22,380,000 21,976,000 22,260,000 23,276,000 21,822,000 22,727,000 21,650,000 20,709,000 18,105,000 18,865,000 18,616,000 18,987,000 17,345,000 17,447,000 17,442,000 17,478,000            
      general and administrative expense
    		20,503,000 20,008,000 19,671,000 20,765,000 19,247,000 21,693,000 21,885,000 18,487,000 18,336,000 19,937,000 17,855,000 14,942,000 16,986,000 18,847,000 17,282,000 15,799,000 12,647,000 12,793,000 15,205,000 13,188,000 12,570,000 11,493,000 11,266,000 12,178,000 11,107,000 10,486,000 9,435,000 8,402,000 9,265,000 9,677,000 9,231,000 7,986,000 8,525,000 8,926,000 9,295,000 8,026,000 7,563,000 7,346,000 8,057,000 6,409,000 6,090,000 6,276,000 6,131,000 -2,695,000 2,742,000 811,000 
      interest expense
    		48,199,000 46,303,000 45,426,000 44,485,000 43,611,000 38,678,000 38,577,000 35,091,000 34,381,000 34,844,000 35,882,000 36,249,000 36,254,000 34,801,000 27,567,000 28,263,000 31,097,000 27,528,000 28,005,000 28,498,000 29,267,000 29,558,000 29,715,000 31,163,000 31,465,000 32,571,000 31,915,000 30,691,000 30,930,000 31,978,000 29,301,000 25,747,000 26,592,000 28,392,000 31,889,000 31,538,000 32,851,000 35,481,000 30,977,000 27,874,000 23,866,000 22,003,000 15,670,000    
      acquisition and other transaction costs
    		3,661,000 2,655,000 3,061,000 3,326,000 2,605,000 2,937,000 3,324,000 4,260,000 3,399,000 4,175,000 5,076,000 5,338,000 4,482,000 7,658,000 5,974,000 4,656,000 3,279,000 2,968,000 4,846,000 3,579,000 1,616,000 1,956,000 2,147,000 769,000 651,000                      
      depreciation and amortization
    		126,656,000 126,939,000 124,928,000 123,990,000 119,691,000 117,603,000 115,726,000 115,771,000 114,863,000 113,199,000 112,717,000 112,843,000 109,319,000 104,415,000 99,954,000 97,166,000 94,494,000 91,117,000 90,071,000 88,500,000 86,996,000 84,836,000 82,821,000 83,219,000 82,073,000 82,840,000 81,161,000 81,123,000 79,940,000 78,319,000 79,303,000 75,831,000 74,790,000 72,716,000 73,953,000 74,164,000 75,392,000 79,604,000 69,517,000 62,163,000 67,800,000 59,221,000 53,664,000 -24,022,000 24,043,000 10,879,000 
      hurricane-related charges
    		   4,980,000 3,904,000        6,133,000                   -2,173,000 10,136,000              
      total expenses
    		414,007,000 390,406,000 394,797,000 379,565,000 393,062,000 362,763,000 366,841,000 347,518,000 368,805,000 345,374,000 349,398,000 334,642,000 354,978,000 323,759,000 310,454,000 292,311,000 300,773,000 273,400,000 280,520,000 264,349,000 283,078,000 261,942,000 262,832,000 253,524,000 270,424,000 254,622,000 251,762,000 243,079,000 254,724,000 240,378,000 239,947,000 214,219,000 238,025,000 216,201,000 218,574,000 216,136,000 232,008,000 224,575,000 201,328,000 180,048,000 189,026,000 164,749,000 141,971,000 -52,779,000 52,886,000 28,928,000 
      gain on sale and impairment of single-family properties and other
    		47,620,000 51,908,000 62,016,000 80,266,000 32,697,000 43,892,000 68,901,000 29,082,000 33,335,000 62,758,000 84,659,000 57,407,000 24,197,000 32,811,000 22,044,000 13,295,000 9,572,000 10,760,000 16,069,000                            
      loss on early extinguishment of debt
    		-180,000  -216,000  -5,306,000 -63,000 -954,000                   -659,000    -1,447,000    -6,555,000   -13,408,000          
      other income and expense
    		4,904,000 4,619,000 2,434,000 6,579,000 8,256,000 3,974,000 3,434,000 716,000 1,865,000 2,482,000 4,735,000 100,000 819,000 3,627,000 2,319,000 2,247,000 139,000 800,000 799,000                            
      net income
    		116,801,000 123,624,000 128,713,000 143,873,000 87,640,000 108,534,000 128,095,000 90,937,000 88,092,000 115,414,000 137,699,000 103,791,000 61,665,000 74,555,000 70,014,000 61,323,000 48,501,000 51,814,000 48,921,000 45,342,000 40,153,000 31,807,000 37,527,000 41,464,000 41,401,000 40,304,000 33,091,000 34,734,000 30,281,000 25,898,000 21,525,000 30,533,000 19,097,000 15,066,000 11,796,000 9,338,000 -167,000 -3,753,000 5,028,000 -11,347,000 -19,938,000   3,819,000 -3,861,000  
      yoy
    		33.27% 13.90% 0.48% 58.21% -0.51% -5.96% -6.97% -12.38% 42.86% 54.80% 96.67% 69.25% 27.14% 43.89% 43.12% 35.25% 20.79% 62.90% 30.36% 9.35% -3.01% -21.08% 13.41% 19.38% 36.72% 55.63% 53.73% 13.76% 58.56% 71.90% 82.48% 226.98% -11535.33% -501.44% 134.61% -182.29% -99.16%   -397.12% 416.39%      
      qoq
    		-5.52% -3.95% -10.54% 64.16% -19.25% -15.27% 40.86% 3.23% -23.67% -16.18% 32.67% 68.31% -17.29% 6.49% 14.17% 26.44% -6.39% 5.91% 7.89% 12.92% 26.24% -15.24% -9.49% 0.15% 2.72% 21.80% -4.73% 14.71% 16.92% 20.32% -29.50% 59.88% 26.76% 27.72% 26.32% -5691.62% -95.55% -174.64% -144.31% -43.09%    -198.91%   
      net income margin %
    		                                              
      noncontrolling interest
    		13,618,000 14,585,000 15,255,000 17,157,000 10,333,000 12,906,000 15,320,000 10,834,000 10,493,000 13,899,000 16,748,000 12,768,000 7,464,000 8,343,000 8,312,000 7,455,000 5,869,000 3,218,000 4,925,000 4,479,000 3,819,000 2,656,000 3,501,000 4,092,000 4,099,000 4,004,000 3,026,000 3,320,000 2,881,000 -3,150,000 1,114,000 -4,485,000 309,000 -30,000 -301,000 -6,640,000 7,316,000 -761,000 3,836,000 3,558,000 3,109,000 3,730,000 3,956,000 949,500 3,798,000 4,664,000 
      dividends on preferred shares
    		3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 3,486,000 4,346,000 5,763,000 5,763,000 5,763,000 12,615,000 13,782,000 13,782,000 13,782,000 13,782,000 13,782,000 13,782,000 13,782,000 13,782,000 13,782,000 13,782,000 12,223,000 11,984,000 14,597,000 14,596,000 17,253,000 15,282,000 13,587,000 13,587,000 13,669,000 7,412,000 5,569,000 5,569,000 5,569,000 5,569,000 5,569,000    
      net income attributable to common shareholders
    		99,697,000 105,553,000 109,972,000 123,230,000 73,821,000 92,142,000 109,289,000 76,617,000 74,113,000 98,029,000 117,465,000 87,537,000 50,715,000 56,590,000 55,939,000 48,105,000 36,869,000 20,102,000 30,214,000 27,081,000 22,552,000 15,369,000 20,244,000 23,590,000 23,520,000 22,518,000 16,283,000 17,632,000 15,177,000 -15,151,000 5,814,000 -21,994,000 1,535,000 -186,000 -1,490,000 2,391,000 -21,152,000 -10,404,000 -4,377,000 -20,474,000 -28,616,000 -17,697,000 -17,790,000 7,617,000 -7,659,000 -13,997,000 
      weighted-average common shares outstanding:
    		                                              
      basic
    		371,248,842,000 370,692,250,000 370,372,388,000 367,454,012,000 366,981,466,000 366,778,333,000 366,513,257,000 362,024,968,000 362,426,273,000 362,148,911,000 360,353,124,000 349,290,848,000 348,944,055,000 348,484,158,000 345,742,526,000 324,245,168,000 324,002,538,000 319,752,730,000 316,982,460,000 306,613,197,000 308,080,226,000 301,011,545,000 300,813,069,000 299,415,397,000 300,580,978,000 299,466,526,000 296,833,755,000 293,640,500,000 296,214,509,000  286,183,429,000  266,767,313,000              
      diluted
    		371,580,911,000 371,059,970,000 370,761,741,000 367,989,537,000 367,600,636,000 367,312,955,000 366,972,293,000 362,477,216,000 362,924,932,000 362,479,942,000 360,674,370,000 349,787,092,000 349,344,541,000 349,002,624,000 346,480,823,000 325,518,291,000 326,206,423,000 320,808,996,000 317,441,397,000 307,074,747,000 308,541,502,000 301,412,243,000 301,305,068,000 299,918,966,000 301,032,855,000 299,991,084,000 297,444,941,000 294,268,330,000 296,967,649,000  286,727,863,000  289,153,060,000              
      net income attributable to common shareholders per share:
    		                                              
      basic
    		0.27 0.28 0.3 0.33 0.2 0.25 0.3 0.21 0.2 0.27 0.33 0.25 0.14 0.16 0.16 0.15 0.11 0.06 0.1 0.09 0.07 0.05 0.07 0.08 0.08 0.08 0.05 0.06 0.05  0.02  0.01              
      diluted
    		0.27 0.28 0.3 0.33 0.2 0.25 0.3 0.21 0.2 0.27 0.32 0.24 0.14 0.16 0.16 0.14 0.11 0.06 0.09 0.09 0.07 0.05 0.07 0.08 0.08 0.08 0.05 0.06 0.05  0.02                
      redemption of perpetual preferred shares
    		             5,276,000    15,879,000                             
      revenues:
    		                                              
      other
    		                   2,784,000 2,877,000 2,409,000 2,252,000 2,545,000 5,240,000 1,946,000 1,510,000 1,373,000 1,865,000 1,601,000 1,341,000 1,201,000 409,000 2,288,000 1,670,000 2,987,000 5,214,000 4,504,000 3,985,000 1,885,000 1,771,000 1,644,000 1,365,000 180,000 720,000 535,000 
      total revenues
    		                   299,335,000 310,809,000 283,098,000 289,594,000 284,010,000 298,304,000 281,860,000 279,204,000 270,316,000 280,052,000 264,483,000 258,004,000 242,801,000 246,836,000 237,008,000 233,754,000 227,559,000 236,057,000 220,972,000 195,193,000 172,587,000 172,613,000 153,628,000 131,748,000 -49,398,000 49,463,000 18,120,000 
      gain on sale of single-family properties and other
    		                   10,356,000 12,422,000 10,651,000 10,765,000 10,978,000 13,521,000 13,725,000 5,649,000 7,497,000 4,953,000 3,240,000 2,256,000 451,000 1,895,000 2,454,000 2,026,000            
      remeasurement of participating preferred shares
    		                              1,212,000 1,500,000 8,391,000 -1,640,000 -5,410,000            
      redemption of participating preferred shares
    		                             32,215,000                 
      acquisition fees and costs expensed
    		                         970,000 834,000 1,538,000 1,055,000 1,321,000 1,311,000 809,000 1,306,000 1,412,000 1,096,000 544,000 1,757,000 3,489,000 5,653,000 5,280,000 4,153,000 4,236,000 5,908,000 124,000 496,000 2,099,000 
      weighted-average shares outstanding:
    		                                              
      basic
    		371,248,842,000 370,692,250,000 370,372,388,000 367,454,012,000 366,981,466,000 366,778,333,000 366,513,257,000 362,024,968,000 362,426,273,000 362,148,911,000 360,353,124,000 349,290,848,000 348,944,055,000 348,484,158,000 345,742,526,000 324,245,168,000 324,002,538,000 319,752,730,000 316,982,460,000 306,613,197,000 308,080,226,000 301,011,545,000 300,813,069,000 299,415,397,000 300,580,978,000 299,466,526,000 296,833,755,000 293,640,500,000 296,214,509,000  286,183,429,000  266,767,313,000              
      diluted
    		371,580,911,000 371,059,970,000 370,761,741,000 367,989,537,000 367,600,636,000 367,312,955,000 366,972,293,000 362,477,216,000 362,924,932,000 362,479,942,000 360,674,370,000 349,787,092,000 349,344,541,000 349,002,624,000 346,480,823,000 325,518,291,000 326,206,423,000 320,808,996,000 317,441,397,000 307,074,747,000 308,541,502,000 301,412,243,000 301,305,068,000 299,918,966,000 301,032,855,000 299,991,084,000 297,444,941,000 294,268,330,000 296,967,649,000  286,727,863,000  289,153,060,000              
      rents from single-family properties
    		                           232,378,000 231,324,000 227,211,000 218,023,000 210,778,000 207,490,000 204,648,000 201,107,000 198,980,000 197,137,000 193,491,000 167,995,000 152,406,000 148,815,000 137,818,000 120,680,000 -48,678,000 48,743,000 17,585,000 
      fees from single-family properties
    		                           2,648,000 2,711,000 2,754,000 2,833,000 2,590,000 2,843,000 2,690,000 2,604,000 2,415,000 2,898,000 2,724,000 2,197,000 1,965,000 2,146,000 2,204,000 1,331,000    
      tenant charge-backs
    		                           33,917,000 44,152,000 32,917,000 35,807,000 28,232,000 36,094,000 27,382,000 28,373,000 23,177,000 30,808,000 20,253,000 21,016,000 16,331,000 19,881,000 11,962,000 8,372,000    
      dividends declared per common share
    		                           0.038 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05          
      weighted-average shares outstanding─basic and diluted
    		                             295,462,572,000                 
      net income attributable to common shareholders per share─basic and diluted
    		                             -0.05                 
      gain on conversion of series e units
    		                                      11,463,000        
      weighted-average shares outstanding—basic and diluted
    		                                 258,900,456,000 244,391,368,000  238,401,343,000 238,481,265,000 219,157,870,000 210,600,111,000 211,414,368,000 211,487,164,000 211,481,727,000 3,301,667,000  95,971,706,000 
      net income attributable to common shareholders per share—basic and diluted
    		                                  -0.01 -0.038 -0.09 -0.04 -0.02    -0.08   -0.15 
      noncash share-based compensation expense
    		                                   892,000 891,000 983,000 870,000 782,000 913,000 734,000 696,000 38,250 153,000 279,000 
      gain on sale of single-family properties
    		                                   1,995,000 11,682,000          
      remeasurement of series e units
    		                                       -1,356,000 -525,000 2,143,000 1,838,000 -109,500 -438,000  
      remeasurement of preferred shares
    		                                   -4,080,000 -2,490,000 -150,000 -300,000 -2,530,000 -3,000,000 580,000 120,000    
      leased single-family properties
    		                                       75,472,000 83,682,000 67,823,000 53,930,000 -17,552,000 17,579,000 6,859,000 
      vacant single-family properties and other
    		                                       2,068,000 2,522,000 4,456,000 5,972,000 -7,861,000 7,873,000  
      net income attributable to common shareholders per share- basic and diluted
    		                                       -0.075 -0.14      
      net income attributable to common shareholders per
    		                                              
      share—basic and diluted
    		                                         -80     
      advisory fees
    		                                             3,610,000 
      gain on remeasurement of equity method investment
    		                                             10,945,000 
      income from continuing operations
    		                                           3,819,000 -3,861,000 -0.16 
      discontinued operations
    		                                             0.01 
      gain on disposition of assets
    		                                             904,000 
      income from discontinued operations
    		                                             82,000 
      total income from discontinued operations
    		                                             986,000 
      conversion of preferred units
    		                                             10,456,000 
      weighted-average shares outstanding - basic and diluted
    		                                            162,725,150,000  
      net income per share
    		                                              
      net income attributable to common shareholders per share - basic and diluted
    		                                           -0.013 -0.05  
      vacant single-family properties
    		                                             4,391,000 
      income / (loss) from continuing operations
    		                                             137,000 
      net income /
    		                                             1,123,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.