7Baggers

American Homes 4 Rent
(NYSE:AMH) 

AMH stock logo

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and American Homes 4 Rent is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment ...

Founded: 2012
Full Time Employees: 1,324
Sector: Real Estate
Industry: REIT-Residential
Real Estate
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-12-31 2025-09-30 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
    		454,991,000 478,464,000 457,503,000 459,276,000 436,593,000 445,055,000 423,494,000 423,555,000 408,657,000 421,697,000 395,548,000 397,703,000 380,926,000 391,627,000 361,876,000 356,105,000 338,092,000 339,563,000 313,654,000 312,573,000 296,551,000 307,932,000 280,689,000 287,342,000 281,465,000 293,064,000 279,914,000 277,694,000                    
      expenses:
    		                                               
      property operating expenses
    		154,731,000 181,604,000 160,089,000 167,530,000 148,455,000 172,031,000 149,470,000 155,927,000 142,797,000 167,041,000 142,553,000 147,068,000 137,113,000 152,065,000 129,270,000 133,643,000 120,239,000 134,694,000 116,578,000 118,694,000 106,160,000 126,174,000 110,436,000 107,497,000 102,788,000 119,791,000 104,591,000 106,684,000 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
    		32,831,000 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
    		22,824,000 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 3,667,000 2,742,000 811,000 
      interest expense
    		45,270,000 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
    		2,882,000 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
    		125,818,000 126,656,000 126,939,000 124,928,000 123,990,000 119,691,000 117,603,000 115,726,000 115,771,000 114,863,000 113,199,000 112,717,000 112,843,000 109,319,000 104,415,000 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 33,160,000 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
    		384,356,000 414,007,000 390,406,000 394,797,000 379,565,000 393,062,000 362,763,000 366,841,000 347,518,000 368,805,000 345,374,000 349,398,000 334,642,000 354,978,000 323,759,000 310,454,000 292,311,000 300,773,000 273,400,000 280,520,000 264,349,000 283,078,000 261,942,000 262,832,000 253,524,000 270,424,000 254,622,000 251,762,000 243,079,000 254,724,000 240,378,000 239,947,000 214,219,000 238,025,000 216,201,000 218,574,000 216,136,000 232,008,000 224,575,000 201,328,000 180,048,000 189,026,000 164,749,000 141,971,000 70,932,000 52,886,000 28,928,000 
      gain on sale and impairment of single-family properties and other
    		69,916,000 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
    		3,703,000 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
    		144,254,000 116,801,000 123,624,000 128,713,000 143,873,000 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   -9,471,000 -3,861,000 1,123,000 
      yoy
    		0.26% 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%   19.81% 416.39%      
      qoq
    		23.50% -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%    145.30% -443.81%  
      net income margin %
    		Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% 15.15% 12.92% 11.24% 12.96% 14.60% 13.88% 14.30% 11.85% 12.85% 10.81% 9.79% 8.34% 12.58% 7.74% 6.36% 5.05% 4.10% -0.07% -1.70% 2.58% -6.57% -11.55% 0% 0% -14.60% -7.81% 6.20% 
      noncontrolling interest
    		16,960,000 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 3,888,000 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 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
    		123,808,000 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  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    
      weighted-average common shares outstanding:
    		                                               
      basic
    		370,556,400,000 371,248,842,000 370,692,250,000 370,372,388,000 367,454,012,000 366,981,466,000 366,778,333,000 366,513,257,000 362,024,968,000 362,426,273,000 362,148,911,000 360,353,124,000 349,290,848,000 348,944,055,000 348,484,158,000 345,742,526,000 324,245,168,000 324,002,538,000 319,752,730,000 316,982,460,000 306,613,197,000 308,080,226,000 301,011,545,000 300,813,069,000 299,415,397,000 300,580,978,000 299,466,526,000 296,833,755,000 293,640,500,000 296,214,509,000  286,183,429,000  266,767,313,000              
      diluted
    		370,906,582,000 371,580,911,000 371,059,970,000 370,761,741,000 367,989,537,000 367,600,636,000 367,312,955,000 366,972,293,000 362,477,216,000 362,924,932,000 362,479,942,000 360,674,370,000 349,787,092,000 349,344,541,000 349,002,624,000 346,480,823,000 325,518,291,000 326,206,423,000 320,808,996,000 317,441,397,000 307,074,747,000 308,541,502,000 301,412,243,000 301,305,068,000 299,918,966,000 301,032,855,000 299,991,084,000 297,444,941,000 294,268,330,000 296,967,649,000  286,727,863,000  289,153,060,000              
      net income attributable to common shareholders per share:
    		                                               
      basic
    		0.33 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
    		0.33 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 -172,000 720,000 535,000 
      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 64,890,000 49,463,000 18,120,000 
      yoy
    		                    5.40% 4.19% 0.44% 3.72% 5.07% 6.52% 6.57% 8.22% 11.33% 13.46% 11.59% 10.37% 6.70% 4.57% 7.26% 19.76% 31.85% 36.76% 43.84% 48.16% 165.97% 248.97% 747.84%     
      qoq
    		                    -3.69% 9.79% -2.24% 1.97% -4.79% 5.83% 0.95% 3.29% -3.48% 5.89% 2.51% 6.26% -1.63% 4.15% 1.39% 2.72% -3.60% 6.83% 13.21% 13.10% -0.02% 12.36% 16.61% 103.03% 31.19% 172.97%  
      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 5,908,000 814,000 496,000 2,099,000 
      weighted-average shares outstanding:
    		                                               
      basic
    		370,556,400,000 371,248,842,000 370,692,250,000 370,372,388,000 367,454,012,000 366,981,466,000 366,778,333,000 366,513,257,000 362,024,968,000 362,426,273,000 362,148,911,000 360,353,124,000 349,290,848,000 348,944,055,000 348,484,158,000 345,742,526,000 324,245,168,000 324,002,538,000 319,752,730,000 316,982,460,000 306,613,197,000 308,080,226,000 301,011,545,000 300,813,069,000 299,415,397,000 300,580,978,000 299,466,526,000 296,833,755,000 293,640,500,000 296,214,509,000  286,183,429,000  266,767,313,000              
      diluted
    		370,906,582,000 371,580,911,000 371,059,970,000 370,761,741,000 367,989,537,000 367,600,636,000 367,312,955,000 366,972,293,000 362,477,216,000 362,924,932,000 362,479,942,000 360,674,370,000 349,787,092,000 349,344,541,000 349,002,624,000 346,480,823,000 325,518,291,000 326,206,423,000 320,808,996,000 317,441,397,000 307,074,747,000 308,541,502,000 301,412,243,000 301,305,068,000 299,918,966,000 301,032,855,000 299,991,084,000 297,444,941,000 294,268,330,000 296,967,649,000  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 59,835,000 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          
      net loss attributable to common shareholders
    		                              -15,151,000              -14,519,000 -7,659,000 -13,997,000 
      weighted-average shares outstanding─basic and diluted
    		                              295,462,572,000                 
      net loss 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  238,401,343,000 238,481,265,000 219,157,870,000 210,600,111,000 211,414,368,000 211,487,164,000 211,481,727,000 123,592,086,000  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    
      noncash share-based compensation expense
    		                                    892,000 891,000 983,000 870,000 782,000 913,000 734,000 696,000 473,000 153,000 279,000 
      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 -1,619,000 -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 24,470,000 17,579,000 6,859,000 
      vacant single-family properties and other
    		                                        2,068,000 2,522,000 4,456,000 5,972,000 8,348,000 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 
      loss from continuing operations
    		                                            -9,471,000 -3,861,000 -0.16 
      discontinued operations
    		                                            0.003  0.01 
      gain on disposition of assets
    		                                            226,000  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 loss attributable to common shareholders per share - basic and diluted
    		                                            -0.073 -0.05  
      vacant single-family properties
    		                                              4,391,000 
      income from continuing operations
    		                                              137,000 
      net loss attributable to common shareholders per share—basic and diluted
    		                                              -0.15 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-31 2025-09-30 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 
                                                     
        assets
      		                                               
        single-family properties:
      		                                               
        land
      		2,406,467,000 2,404,153,000 2,387,155,000 2,383,321,000 2,370,006,000 2,279,188,000 2,263,275,000 2,248,041,000 2,234,301,000 2,225,477,000 2,208,667,000 2,193,499,000 2,197,233,000 2,190,724,000 2,177,263,000 2,122,442,000 2,062,039,000 2,001,598,000 1,911,697,000 1,860,879,000 1,836,798,000 1,813,951,000 1,794,943,000 1,784,804,000 1,756,504,000 1,736,130,000 1,727,940,000 1,729,528,000 1,713,496,000 1,689,207,000 1,670,214,000 1,670,599,000 1,665,631,000 1,600,906,000 1,553,214,000 1,523,551,000 1,512,183,000 1,497,681,000 1,475,312,000 1,474,902,000 1,229,017,000 1,218,547,000 1,192,335,000 1,166,186,000 728,362,000 668,336,000 580,433,000 
        buildings and improvements
      		11,971,961,000 11,930,388,000 11,778,460,000 11,689,380,000 11,559,461,000 11,081,984,000 10,928,442,000 10,775,882,000 10,651,388,000 10,545,835,000 10,351,621,000 10,186,856,000 10,127,891,000 10,024,700,000 9,888,113,000 9,583,889,000 9,258,387,000 8,947,009,000 8,548,603,000 8,301,797,000 8,163,023,000 8,022,817,000 7,904,656,000 7,814,877,000 7,691,877,000 7,612,612,000 7,566,498,000 7,561,372,000 7,483,600,000 7,385,387,000 7,276,606,000 7,286,264,000 7,303,270,000 7,020,774,000 6,815,409,000 6,672,252,000 6,614,953,000 6,542,708,000 6,450,233,000 6,434,859,000 5,469,533,000 5,401,857,000 5,263,599,000 5,117,269,000 3,188,693,000 2,896,559,000 2,472,921,000 
        single-family properties in operation
      		14,378,428,000 14,334,541,000 14,165,615,000 14,072,701,000 13,929,467,000 13,361,172,000 13,191,717,000 13,023,923,000 12,885,689,000 12,771,312,000 12,560,288,000 12,380,355,000 12,325,124,000 12,215,424,000 12,065,376,000 11,706,331,000 11,320,426,000 10,948,607,000 10,460,300,000 10,162,676,000 9,999,821,000 9,836,768,000 9,699,599,000 9,599,681,000 9,448,381,000 9,348,742,000 9,294,438,000 8,040,577,000 8,020,597,000                   
        less: accumulated depreciation
      		-3,366,795,000 -3,298,648,000 -3,217,919,000 -3,139,741,000 -3,048,868,000 -2,962,482,000 -2,896,586,000 -2,806,637,000 -2,719,970,000 -2,639,127,000 -2,552,998,000 -2,463,232,000 -2,386,452,000 -2,310,014,000 -2,228,095,000 -2,148,145,000 -2,072,933,000 -1,993,507,000 -1,913,648,000 -1,832,510,000 -1,754,433,000 -1,677,831,000 -1,603,376,000 -1,532,306,000 -1,462,105,000 -1,389,216,000 -1,316,920,000 -1,250,323,000 -1,176,499,000 -1,115,588,000 -1,046,911,000 -989,476,000 -939,724,000 -869,551,000 -800,076,000 -732,529,000 -666,710,000 -600,299,000 -535,648,000 -472,147,000 -416,044,000 -359,412,000   -62,202,000 -34,773,000 -13,850,000 
        single-family properties under development and development land
      		1,233,586,000 1,215,323,000 1,309,824,000 1,253,962,000 1,272,284,000 1,205,372,000 1,228,534,000 1,359,339,000 1,409,424,000 1,334,992,000 1,339,508,000 1,279,089,000 1,187,221,000 1,123,183,000 1,063,906,000 972,034,000 882,159,000 733,260,000 647,979,000 554,765,000 510,365,000 449,867,000 453,127,000 407,456,000 355,427,000 262,138,000 235,508,000 205,046,000 153,651,000                   
        single-family properties and land held for sale
      		225,861,000 219,637,000 242,402,000 247,375,000 212,808,000 218,969,000 201,930,000 229,431,000 182,082,000 160,328,000 154,190,000 171,448,000                                    
        total real estate assets
      		12,471,080,000 12,470,853,000 12,499,922,000 12,434,297,000 12,365,691,000 11,823,031,000 11,725,595,000 11,806,056,000 11,757,225,000 11,627,505,000 11,500,988,000 11,367,660,000 11,324,609,000 11,218,584,000 11,060,430,000 10,670,847,000 10,244,559,000 9,794,592,000 9,301,994,000 9,000,925,000 8,884,779,000 8,755,251,000 8,720,972,000 8,646,876,000 8,551,531,000 8,469,193,000 8,489,607,000 8,542,940,000 8,492,575,000                   
        cash and cash equivalents
      		108,516,000 45,631,000 323,258,000 69,698,000 199,413,000 162,477,000 718,380,000 124,826,000 59,385,000 69,514,000 199,601,000 255,559,000 69,155,000 97,244,000 70,375,000 56,626,000 48,198,000 63,997,000 40,585,000 75,237,000 137,060,000 315,808,000 32,010,000 33,108,000 37,575,000 171,209,000 119,176,000 154,584,000 30,284,000 110,138,000 53,504,000 203,883,000 46,156,000 243,547,000 67,325,000 495,802,000 118,799,000 106,308,000 270,369,000 71,438,000 57,686,000 238,417,000 90,657,000 115,693,000 148,989,000 158,065,000 251,406,000 
        restricted cash
      		122,174,000 130,104,000 143,342,000 149,160,000 150,803,000 155,372,000 163,266,000 158,465,000 162,476,000 173,133,000 162,169,000 153,256,000 148,805,000 160,476,000 151,790,000 150,354,000 143,569,000 137,997,000 142,951,000 136,867,000 128,017,000 126,219,000 129,235,000 128,621,000 126,544,000 126,801,000 165,734,000 158,163,000 144,930,000 156,026,000 159,010,000 156,272,000 136,667,000 119,574,000 128,524,000 135,057,000 131,442,000 131,367,000 133,996,000 132,082,000 111,282,000 106,973,000 94,837,000 86,446,000    
        rent and other receivables
      		43,119,000 56,493,000 50,444,000 52,035,000 48,452,000 49,727,000 43,456,000 44,752,000 42,823,000 53,773,000 45,911,000 49,424,000 47,752,000 50,395,000 38,001,000 43,869,000 41,587,000 53,414,000 50,916,000 49,714,000 41,544,000 46,908,000 32,331,000 29,956,000 29,618,000 36,302,000 31,988,000 32,813,000 29,027,000 36,078,000 28,049,000 28,115,000 30,144,000 35,429,000 19,262,000 18,721,000 17,618,000 21,818,000 19,280,000 16,998,000 13,936,000 17,527,000 12,184,000 11,289,000 6,863,000 6,758,000 7,644,000 
        escrow deposits, prepaid expenses and other assets
      		228,017,000 268,120,000 307,238,000 302,990,000 337,379,000 378,402,000 382,836,000 392,147,000 406,138,000 372,157,000 359,473,000 339,502,000 331,446,000 315,789,000 273,039,000 263,883,000 216,625,000 198,836,000 182,701,000 177,936,000 163,171,000 135,251,000 141,302,000 151,326,000 202,056,000 182,894,000 181,187,000 145,940,000 146,034,000 251,245,000 246,877,000 241,707,000 171,851,000 149,366,000 137,496,000 142,745,000 133,594,000 120,609,000 144,376,000 142,828,000 121,627,000 118,444,000 118,516,000 114,179,000 39,212,000 23,861,000 27,936,000 
        investments in unconsolidated joint ventures
      		148,935,000 161,986,000 147,835,000 160,764,000 159,134,000 154,997,000 150,128,000 114,567,000 114,198,000 117,350,000 108,351,000 108,667,000 107,347,000 110,409,000 115,172,000 109,861,000 121,950,000 110,586,000 103,634,000 100,077,000 93,109,000 74,981,000 69,979,000 65,533,000                        
        goodwill
      		120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,279,000 120,317,000 120,655,000 120,655,000 120,655,000 120,655,000 120,655,000 120,655,000 120,655,000 120,655,000 120,655,000 
        total assets
      		13,242,120,000 13,253,466,000 13,592,318,000 13,289,223,000 13,381,151,000 12,844,285,000 13,303,940,000 12,761,092,000 12,688,190,000 12,559,377,000 12,522,438,000 12,420,013,000 12,175,059,000 12,098,842,000 11,854,752,000 11,441,385,000 10,962,433,000 10,505,367,000 9,968,726,000 9,686,701,000 9,593,625,000 9,600,363,000 9,271,774,000 9,201,365,000 9,100,109,000 9,140,121,000 9,142,623,000 9,191,038,000 9,001,481,000 8,971,426,000 8,830,448,000 8,958,033,000 8,608,768,000 8,509,876,000 8,146,307,000 8,490,605,000 8,107,210,000 8,086,499,000 8,252,400,000 8,097,710,000 6,807,786,000 6,965,816,000 6,686,962,000 6,576,550,000 4,224,144,000 3,885,261,000 3,482,695,000 
        liabilities
      		                                               
        revolving credit facility
      		360,000,000 110,000,000  410,000,000     90,000,000    130,000,000   410,000,000 350,000,000  620,000,000 80,000,000   130,000,000 105,000,000     250,000,000    140,000,000  92,000,000             
        asset-backed securitizations
      		  427,275,000 428,479,000 924,344,000 927,099,000 1,402,488,000 1,407,380,000 1,871,421,000 1,876,087,000 1,880,348,000 1,885,322,000 1,890,842,000 1,895,269,000 1,899,602,000 1,903,715,000 1,908,346,000 1,913,322,000 1,917,833,000 1,922,734,000 1,927,607,000 1,931,725,000 1,935,800,000 1,940,869,000 1,945,044,000 1,949,002,000 1,953,280,000 1,957,200,000 1,961,511,000 1,965,417,000 1,969,322,000 1,973,242,000 1,977,308,000 1,981,444,000 1,985,847,000 2,438,616,000 2,442,863,000 2,447,898,000 2,795,777,000 2,799,267,000 2,530,210,000 2,536,192,000 2,063,663,000 2,068,389,000    
        unsecured senior notes
      		4,735,735,000 4,733,543,000 4,731,334,000 4,088,223,000 4,086,418,000 3,591,714,000 3,590,102,000 3,095,733,000 2,500,226,000 2,498,959,000 2,497,691,000 2,496,423,000 2,495,156,000 2,493,898,000 2,492,610,000 1,622,806,000 1,622,132,000 1,621,342,000 890,481,000 890,143,000 889,805,000 889,467,000 889,129,000 888,791,000 888,453,000 888,113,000 887,777,000 887,439,000 492,800,000 492,603,000 492,406,000 492,282,000                
        accounts payable and accrued expenses
      		436,879,000 571,956,000 588,166,000 520,410,000 521,759,000 629,868,000 599,363,000 553,248,000 573,660,000 633,795,000 594,154,000 520,364,000 484,403,000 567,240,000 498,279,000 394,085,000 343,526,000 388,048,000 366,907,000 307,644,000 298,949,000 324,732,000 287,036,000 241,950,000 243,193,000 295,544,000 301,219,000 266,797,000 219,229,000 305,935,000 282,734,000 262,267,000 222,867,000 263,745,000 222,990,000 199,693,000 177,206,000 241,067,000 215,307,000 200,946,000 154,751,000 234,651,000 158,037,000 141,382,000 103,397,000 91,637,000 75,318,000 
        total liabilities
      		5,532,614,000 5,415,499,000 5,746,775,000 5,447,112,000 5,532,521,000 5,148,681,000 5,591,953,000 5,056,361,000 5,035,307,000 5,008,841,000 4,972,193,000 4,902,109,000 5,000,401,000 4,956,407,000 4,890,491,000 4,330,606,000 4,224,004,000 3,922,712,000 3,795,221,000 3,200,521,000 3,121,195,000 3,145,924,000 3,241,965,000 3,176,610,000 3,081,319,000 3,132,932,000 3,147,100,000 3,215,666,000 3,027,739,000 2,982,422,000 2,961,686,000 3,117,383,000 2,732,944,000 2,671,449,000 2,734,553,000 3,219,009,000 3,169,590,000 3,233,618,000 3,373,053,000 3,657,443,000 2,872,553,000 2,950,684,000 2,577,099,000 2,436,856,000 573,485,000 395,968,000 831,359,000 
        commitments and contingencies
      		                                               
        equity
      		                                               
        shareholders' equity:
      		                                               
        class a common shares
      		3,660,000 3,705,000 3,702,000 3,695,000 3,690,000 3,659,000 3,659,000 3,657,000 3,643,000 3,614,000 3,614,000 3,611,000 3,529,000 3,528,000 3,477,000 3,476,000 3,374,000 3,338,000 3,222,000 3,166,000 3,160,000 3,156,000 3,005,000 3,003,000 3,001,000 3,000,000 2,998,000                     
        class b common shares
      		6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000                     
        preferred shares
      		92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 154,000 154,000 154,000 154,000 354,000 354,000 354,000 354,000 354,000 354,000 354,000 354,000                     
        additional paid-in capital
      		7,411,003,000 7,550,962,000 7,542,892,000 7,526,294,000 7,529,008,000 7,412,232,000 7,406,098,000 7,394,461,000 7,357,848,000 7,251,465,000 7,244,204,000 7,232,191,000 6,931,819,000 6,926,629,000 6,734,292,000 6,873,257,000 6,492,933,000 6,353,611,000 5,949,615,000 6,234,456,000 6,223,256,000 6,214,149,000 5,797,384,000 5,792,418,000 5,790,775,000 5,788,950,000 5,784,398,000 5,739,162,000 5,732,466,000 5,750,309,000 5,630,321,000 5,565,871,000 5,600,256,000 5,517,978,000 5,075,460,000 4,919,315,000 4,568,616,000 4,464,792,000 4,462,743,000 3,997,747,000 3,554,063,000 3,566,892,000 3,619,503,000 3,618,769,000 2,996,478,000 2,809,829,000 1,965,413,000 
        accumulated deficit
      		-387,643,000 -400,445,000 -388,735,000 -382,384,000 -380,632,000 -407,251,000 -385,298,000 -381,508,000 -394,908,000 -391,452,000 -385,434,000 -403,303,000 -440,791,000 -464,444,000 -452,155,000 -445,709,000 -438,710,000 -452,949,000 -457,404,000 -445,103,000 -443,522,000 -454,697,000 -461,435,000 -461,706,000 -465,368,000 -473,893,000 -482,354,000 -489,820,000 -491,214,000 -493,995,000 -494,326,000 -462,504,000 -453,953,000 -417,609,000 -405,426,000 -392,282,000 -378,578,000 -368,795,000 -335,684,000 -313,364,000 -296,865,000 -265,988,000   -63,479,000 -39,686,000 -32,027,000 
        accumulated other comprehensive income
      		6,630,000 6,944,000 7,249,000 6,186,000 7,852,000 2,756,000 597,000 721,000 843,000 965,000 1,090,000 1,212,000 1,332,000 1,455,000 1,575,000 1,698,000 1,814,000 1,933,000 1,991,000 13,576,000 5,840,000 6,041,000 6,247,000 6,452,000 6,658,000 6,862,000 7,062,000 7,202,000 7,393,000 9,026,000 9,267,000 9,508,000 75,000    95,000 28,000          
        total shareholders' equity
      		7,033,748,000    7,160,016,000    6,967,524,000    6,495,987,000    6,059,571,000    5,789,094,000    5,335,426,000    5,251,965,000    5,149,629,000    4,192,936,000    3,259,345,000       
        noncontrolling interest
      		675,758,000 676,703,000 680,337,000 688,222,000 688,614,000 684,110,000 686,833,000 687,302,000 685,359,000 685,846,000 686,673,000 684,095,000 678,671,000 675,169,000 676,974,000 677,897,000 678,858,000 676,562,000 675,921,000 679,725,000 683,336,000 685,430,000 684,248,000 684,228,000 683,364,000 681,910,000 683,059,000 715,502,000 721,777,000 720,345,000 720,232,000 724,541,000 726,195,000 734,838,000 738,697,000 741,604,000 744,684,000 754,102,000 749,535,000 753,380,000 675,888,000 712,125,000 715,071,000 717,395,000 715,715,000 717,296,000 716,650,000 
        total equity
      		7,709,506,000 7,837,967,000 7,845,543,000 7,842,111,000 7,848,630,000 7,695,604,000 7,711,987,000 7,704,731,000 7,652,883,000 7,550,536,000 7,550,245,000 7,517,904,000 7,174,658,000 7,142,435,000 6,964,261,000 7,110,779,000 6,738,429,000 6,582,655,000 6,173,505,000 6,486,180,000 6,472,430,000 6,454,439,000 6,029,809,000 6,024,755,000 6,018,790,000 6,007,189,000 5,995,523,000 5,975,372,000 5,973,742,000 5,989,004,000 5,868,762,000 5,840,650,000 5,875,824,000 5,838,427,000 5,411,754,000 5,271,596,000 4,937,620,000 4,852,881,000 4,879,347,000 4,440,267,000 3,935,233,000 4,015,132,000 4,109,863,000 4,139,694,000 3,650,659,000 3,489,293,000 2,651,336,000 
        total liabilities and equity
      		13,242,120,000 13,253,466,000 13,592,318,000 13,289,223,000 13,381,151,000 12,844,285,000 13,303,940,000 12,761,092,000 12,688,190,000 12,559,377,000 12,522,438,000 12,420,013,000 12,175,059,000 12,098,842,000 11,854,752,000 11,441,385,000 10,962,433,000 10,505,367,000 9,968,726,000 9,686,701,000 9,593,625,000 9,600,363,000 9,271,774,000 9,201,365,000 9,100,109,000 9,140,121,000 9,142,623,000 9,191,038,000 9,001,481,000 8,971,426,000 8,830,448,000 8,958,033,000 8,608,768,000 8,509,876,000 8,146,307,000 8,490,605,000 8,107,210,000 8,086,499,000 8,252,400,000 8,097,710,000 6,807,786,000 6,965,816,000 6,686,962,000 6,576,550,000 4,224,144,000 3,885,261,000 3,482,695,000 
        shareholders’ equity:
      		                                               
        total shareholders’ equity
      		 7,161,264,000 7,165,206,000 7,153,889,000  7,011,494,000 7,025,154,000 7,017,429,000  6,864,690,000 6,863,572,000 6,833,809,000  6,467,266,000 6,287,287,000 6,432,882,000  5,906,093,000 5,497,584,000 5,806,455,000  5,769,009,000 5,345,561,000 5,340,527,000  5,325,279,000 5,312,464,000 5,259,870,000  5,268,659,000 5,148,530,000 5,116,109,000  5,103,589,000 4,673,057,000 4,529,992,000  4,098,779,000 4,129,812,000 3,686,887,000  3,303,007,000 3,394,792,000 3,422,299,000 2,934,944,000 2,771,997,000 1,934,686,000 
        asset-backed securitization certificates
      		        25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000 25,666,000    
        single-family properties held for sale
      		            198,716,000 189,991,000 159,243,000 140,627,000 114,907,000 106,232,000 107,363,000 115,994,000 129,026,000 146,447,000 171,622,000 172,045,000 209,828,000 247,529,000 276,581,000 297,317,000 318,327,000 299,551,000 284,012,000 201,693,000 35,803,000 50,370,000 65,237,000 78,922,000 87,430,000 105,308,000 131,762,000 123,575,000 7,432,000 6,472,000 6,387,000 5,428,000 6,569,000   
        amounts payable to affiliates
      		                    4,834,000    4,629,000 273,000 4,824,000 4,944,000 4,967,000 4,784,000 4,571,000 2,001,000 4,720,000        4,093,000  1,863,000 2,609,000  1,012,000 21,160,000 
        deferred costs and other intangibles
      		                        6,840,000 7,777,000 8,986,000 10,653,000 12,686,000 13,437,000 13,142,000 13,031,000 13,025,000 13,516,000 13,971,000 10,139,000 11,956,000 15,016,000 16,399,000 26,854,000 66,996,000 70,670,000 62,299,000 65,267,000 20,573,000 24,518,000 21,978,000 
        term loan facility
      		                           99,286,000 99,232,000 99,176,000 99,120,000 198,132,000 198,023,000 197,913,000 197,648,000 346,909,000 321,735,000 246,575,000          
        single-family properties: - sum
      		                           9,290,900,000   9,230,832,000                 
        class a common shares, 0.01 par value per share...
      		                           2,966,000 2,960,000 2,959,000 2,954,000 2,844,000 2,861,000 2,736,000 2,585,000 2,583,000 2,427,000 2,378,000 2,377,000 2,389,000 2,072,000 2,074,000 2,108,000 2,108,000 1,848,000 1,848,000 1,294,000 
        class b common shares, 0.01 par value per share...
      		                           6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 
        preferred shares, 0.01 par value per share...
      		                           354,000 354,000 354,000 308,000 384,000 384,000 478,000 432,000 370,000 370,000 370,000 370,000 171,000 171,000 171,000 171,000 171,000 91,000   
        exchangeable senior notes
      		                             114,507,000 113,533,000 112,597,000 111,697,000 110,771,000 109,862,000 108,988,000 108,148,000 107,283,000 106,434,000 105,618,000        
        secured note payable
      		                               48,604,000 48,859,000 49,107,000 49,346,000 49,583,000 49,828,000 50,065,000 50,295,000 50,522,000 50,752,000 50,980,000 51,200,000 51,417,000    
        participating preferred shares derivative liability
      		                               28,258,000 29,470,000 68,469,000 76,860,000 75,220,000            
        single-family properties
      		                             8,258,557,000 8,183,921,000 8,169,080,000 8,064,980,000 7,802,499,000 7,633,784,000 7,542,196,000 7,547,856,000 7,545,398,000 7,521,659,000 7,561,189,000 6,289,938,000 6,267,464,000 6,162,148,000 6,037,355,000 3,861,422,000 3,530,122,000 3,039,504,000 
        revolving credit facilities
      		                                     75,000,000          
        contingently convertible series e units liability
      		                                        69,957,000 68,601,000 68,076,000 70,219,000 66,938,000 65,319,000 64,881,000 
        preferred shares derivative liability
      		                                    69,810,000 65,730,000 63,240,000 63,090,000 62,790,000 60,260,000 57,260,000 57,840,000 28,150,000   
        credit facility
      		                                      142,000,000 438,000,000   177,000,000 45,000,000 375,000,000 238,000,000 670,000,000 
        accumulated other comprehensive loss
      		                                       -62,000 -102,000 -148,000      
        restricted cash for resident security deposits
      		                                            26,430,000 21,282,000 13,572,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 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 2013-12-31 2013-09-30 
                                                    
          operating activities
        		                                            
          net income
        		144,254,000 116,801,000 123,624,000 128,713,000 143,873,000 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   
          adjustments to reconcile net income to net cash from operating activities:
        		                                            
          depreciation and amortization
        		125,818,000 126,656,000 126,939,000 124,928,000 123,990,000 119,691,000 117,603,000 115,726,000 115,771,000 114,863,000 113,199,000 112,717,000 112,843,000 109,319,000 104,415,000 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 33,160,000 24,043,000 
          noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments
        		2,421,000 2,670,000 2,463,000 2,485,000 2,523,000 3,006,000 2,904,000 3,056,000 3,086,000 3,085,000 3,065,000 3,043,000 3,085,000 3,086,000 3,049,000 2,453,000                             
          noncash share-based compensation
        		5,456,000 6,225,000 6,473,000 7,661,000 4,832,000 5,743,000 10,484,000 9,925,000 4,622,000 6,416,000 8,508,000 5,824,000 3,580,000 5,680,000 10,643,000 7,405,000 3,473,000 3,058,000 3,151,000 8,110,000 3,766,000 2,170,000 2,090,000 1,808,000 1,299,000 1,288,000 1,269,000 952,000 683,000 832,000 943,000 975,000 1,037,000 1,116,000 1,121,000 938,000 892,000 891,000 983,000 870,000 782,000 913,000 473,000 153,000 
          loss on early extinguishment of debt
        		0 180,000 0 216,000 0 5,306,000 63,000 954,000                 0 0   0 0   0 0   0        
          equity in net loss of unconsolidated entities
        		-290,000 10,000 -955,000 915,000 -448,000 -480,000                                       
          return on investment from unconsolidated joint ventures
        		670,000 1,300,000 0 1,659,000 0 942,000   1,557,000 0   934,000 791,000 1,388,000 2,598,000                             
          gain on sale and impairment of single-family properties and other
        		-69,916,000 -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                         
          other changes in operating assets and liabilities:
        		                                            
          rent and other receivables
        		11,786,000 -8,481,000 1,591,000 -3,583,000 5,194,000 -6,271,000 1,296,000 -1,929,000 9,085,000 -10,047,000 3,513,000 -1,672,000 2,643,000 -12,394,000 5,416,000 -3,811,000 8,978,000 -4,491,000 -1,202,000 -8,170,000 5,364,000 -14,577,000 -2,674,000 -3,746,000 6,684,000 -2,984,000 -915,000 -5,569,000 4,142,000 -10,792,000 -1,636,000 -3,886,000 909,000 -7,432,000 -1,840,000 -2,657,000 2,406,000 -5,133,000 -3,700,000 -3,277,000 2,529,000  -1,905,000 508,000 
          prepaid expenses and other assets
        		2,352,000 13,440,000 -6,576,000 12,739,000 -6,721,000 9,222,000 16,025,000 -7,325,000 -17,939,000 -1,489,000 -6,426,000 4,309,000 -10,716,000 7,496,000 2,606,000 -6,530,000 -10,782,000 4,377,000 1,128,000 5,742,000 -5,227,000 10,009,000 3,850,000 -5,980,000 -7,429,000 5,399,000 -7,044,000 -1,096,000 -10,020,000 4,740,000 1,309,000 -13,476,000 -5,605,000 1,750,000 916,000 -8,356,000 -5,567,000 -4,236,000 3,148,000 659,000 -3,072,000 -7,686,000 -13,445,000 -2,318,000 
          deferred leasing costs
        		-521,000 -765,000 -1,098,000 -1,239,000 -1,134,000 -995,000 -1,042,000 -795,000 -745,000 -792,000 -768,000 -808,000 -718,000 -689,000 -644,000 -535,000 -750,000 -792,000 -905,000 -975,000 -1,011,000 -1,157,000 -992,000 -910,000 -851,000 -1,115,000 -1,130,000 -999,000 -3,047,000 -3,722,000 -3,111,000 -2,723,000 -2,029,000 -1,960,000 -1,919,000 -1,482,000 -1,806,000 -2,119,000 -2,151,000 -1,929,000 -1,844,000  -3,362,000 -3,151,000 
          accounts payable and accrued expenses
        		-75,850,000 13,193,000 70,911,000 9,906,000 -91,426,000 42,653,000 60,217,000 22,918,000 -60,406,000 42,159,000 38,585,000 23,926,000 -90,622,000 60,350,000 62,642,000 11,245,000 -50,959,000 29,132,000 43,097,000 23,242,000 -82,208,000 35,624,000 42,380,000 18,397,000 -78,094,000 21,009,000 32,483,000 42,010,000 -75,666,000 26,377,000 31,911,000 29,150,000 -61,511,000 30,358,000 18,917,000 22,050,000 -61,211,000 35,849,000 16,082,000 -4,011,000 -21,557,000 20,917,000 7,834,000 9,083,000 
          amounts due from related parties
        		-368,000 -355,000 394,000 1,019,000 1,770,000 -192,000 754,000 -828,000 -1,925,000 -384,000 460,000 1,428,000 1,248,000 7,363,000 -10,026,000 -529,000 88,000 -548,000 645,000 -338,000 736,000 -545,000                       
          net cash from operating activities
        		145,812,000 223,254,000 271,858,000 223,403,000 102,187,000 233,568,000 274,000,000 201,780,000 115,315,000 207,698,000 215,209,000 200,467,000 68,730,000 217,792,000 220,254,000 158,742,000 97,007,000 166,406,000 179,790,000 151,997,000 46,689,000 148,207,000 152,708,000 126,496,000 37,472,000 132,923,000 139,556,000 147,936,000 34,419,000 126,498,000 137,474,000 112,491,000 36,586,000 124,169,000 115,169,000 110,037,000 35,946,000 93,538,000 93,980,000 55,403,000 45,416,000 52,122,000 11,850,000 2,283,000 
          capital expenditures
        		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 
          free cash flows
        		145,812,000 223,254,000 271,858,000 223,403,000 102,187,000 233,568,000 274,000,000 201,780,000 115,315,000 207,698,000 215,209,000 200,467,000 68,730,000 217,792,000 220,254,000 158,742,000 97,007,000 166,406,000 179,790,000 151,997,000 46,689,000 148,207,000 152,708,000 126,496,000 37,472,000 132,923,000 139,556,000 147,936,000 34,419,000 126,498,000 137,474,000 112,491,000 36,586,000 124,169,000 115,169,000 110,037,000 35,946,000 93,538,000 93,980,000 55,403,000 45,416,000 52,122,000 11,850,000 2,283,000 
          investing activities
        		                                            
          cash paid for single-family properties
        		-4,558,000 -13,471,000 -1,549,000 -4,009,000 -483,899,000 -5,047,000 -2,483,000 -4,483,000 -6,922,000 -2,681,000 -258,000 -2,923,000 -12,729,000 -51,193,000 -242,530,000 -288,719,000 -216,277,000 -354,778,000 -196,898,000 -82,118,000 -98,640,000 -33,861,000 -34,197,000 -102,575,000 -42,604,000 -6,522,000 -13,621,000 -57,740,000 -156,543,000 -126,945,000 -56,463,000 -149,674,000 -321,791,000 -235,938,000 -153,315,000 -73,622,000 -64,955,000 -125,920,000 -27,785,000 -34,181,000 -56,008,000  -299,858,000 -418,374,000 
          change in escrow deposits for purchase of single-family properties
        		644,000 -248,000 350,000 -3,241,000 11,352,000 -11,486,000 -68,000 5,684,000 2,120,000 2,250,000 -430,000 988,000 11,939,000 2,267,000 -10,000 6,235,000 -6,187,000 -17,659,000 -3,818,000 -5,341,000 -2,978,000 -740,000 1,085,000 2,259,000 -2,628,000 -4,345,000 672,000 -870,000 4,012,000 2,163,000 -242,000 -4,115,000 -6,227,000 -1,002,000 -636,000 -1,072,000 509,000        
          net proceeds received from sales of single-family properties and other
        		208,114,000 141,945,000 138,165,000 142,128,000 190,261,000 103,101,000 123,718,000 156,102,000 85,120,000 72,465,000 127,368,000 184,510,000 129,214,000 50,293,000 61,595,000 51,407,000 30,661,000 26,960,000 28,147,000 46,304,000 43,533,000 56,150,000 47,626,000 81,257,000 70,428,000 64,330,000 54,253,000 32,919,000 58,400,000 17,615,000 18,175,000 11,967,000 18,445,000 14,386,000 22,926,000 31,306,000         
          proceeds received from storm-related insurance claims
        		1,588,000        1,865,000    0 0 452,000 1,529,000                             
          proceeds from notes receivable related to the sale of properties
        		0 81,000 115,000 19,000 170,000 72,000 168,000 130,000 35,000 314,000 325,000 24,000 76,000 828,000                               
          investment in unconsolidated joint ventures
        		-2,500,000 -4,401,000 -4,841,000 -3,336,000 -4,142,000 -5,826,000 -8,596,000 -1,116,000 -95,000 -8,241,000   -8,005,000 -4,549,000 -7,465,000 -5,294,000 -8,518,000 -6,146,000 -6,606,000 -7,990,000 -14,167,000 -10,512,000 -4,155,000 -1,000,000 -8,346,000 -2,503,000               -9,997,000    
          distributions from unconsolidated entities
        		14,846,000 45,310,000 17,583,000 963,000                                         
          renovations to single-family properties
        		-10,347,000 -8,725,000 -14,117,000 -7,456,000 -4,281,000 -8,241,000 -10,726,000 -10,804,000 -16,251,000 -8,995,000 -6,156,000 -8,735,000 -17,407,000 -25,651,000 -33,240,000 -21,721,000 -19,447,000 -14,924,000 -4,241,000 -9,069,000 -5,946,000 -2,976,000 -7,188,000 -858,000 -2,551,000         -12,857,000 -10,674,000 -7,677,000 -18,202,000 -4,181,000 -5,411,000 -12,118,000     
          recurring and other capital expenditures for single-family properties
        		-24,377,000 -32,145,000 -30,747,000 -30,942,000 -40,554,000 -31,180,000 -26,213,000 -23,804,000 -27,804,000 -38,808,000 -35,859,000 -31,705,000 -40,016,000 -44,993,000 -29,585,000 -24,185,000 -32,138,000 -33,834,000 -30,546,000 -26,033,000 -25,742,000 -32,642,000 -25,211,000 -21,224,000 -19,414,000 -18,736,000 -17,628,000 -15,703,000 -13,995,000 -17,139,000 -12,164,000 -11,167,000             
          cash paid for development activity
        		-222,651,000 -175,405,000 -218,755,000 -193,696,000 -194,083,000 -218,873,000 -223,418,000 -209,477,000 -271,025,000 -255,856,000 -239,369,000 -213,598,000 -213,659,000 -234,127,000 -229,016,000 -244,621,000 -299,363,000 -215,178,000 -168,088,000 -141,618,000 -143,745,000 -148,826,000 -132,713,000 -138,957,000 -146,873,000 -96,676,000 -59,732,000 -79,990,000                 
          cash paid for deposits on land option contracts
        		    0    0    -3,862,000                                
          proceeds from asset-backed securitization certificates
        		    0 0 0 25,666,000                                     
          other investing activities
        		-8,295,000 -7,599,000 -6,920,000 -8,119,000 -8,554,000 -6,999,000 -7,448,000 -6,157,000 -7,689,000 -10,182,000 -8,465,000 -12,416,000 -13,549,000                                
          net cash from investing activities
        		-47,536,000 -52,226,000 -120,716,000 -107,689,000 -532,828,000 -184,736,000 -40,166,000 -68,146,000 -227,262,000 -227,494,000 -164,910,000 -72,912,000 -157,848,000 -314,143,000 -440,747,000 -512,764,000 -542,004,000 -606,303,000 -376,928,000 -208,230,000 -205,833,000 -114,626,000 -143,252,000 -179,214,000 -152,770,000 -54,063,000 -39,164,000 -130,869,000 -192,497,000 -156,284,000 -103,996,000 -221,631,000 -350,583,000 -264,380,000 -152,519,000 -69,997,000 -70,363,000 -41,847,000 -33,868,000 -376,320,000 -141,016,000  -362,275,000 -503,649,000 
          financing activities
        		                                            
          proceeds from issuance of class a common shares
        		    109,825,000 0 0 33,249,000 100,228,000 0 0 298,372,000 0 185,632,000 0 375,840,000 135,770,000 399,000,000   0            0 339,176,000 4,977,000 350,612,000         
          payments of class a common share issuance costs
        		    -223,000 0 0 -34,000     0 0 0 -200,000 0 0   0            -193,000 -10,094,000 -114,000 -236,000         
          repurchases of class a common shares
        		                                            
          proceeds from issuances under share-based compensation plans
        		1,988,000 30,000 3,603,000 445,000 2,547,000 424,000 2,028,000 1,423,000 2,086,000 873,000 3,549,000 31,000 1,612,000 1,807,000 77,000 1,439,000                             
          payments related to tax withholding for share-based compensation
        		-21,000 -187,000 -828,000 -10,815,000 -174,000 -33,000 -873,000 -7,936,000 -124,000 -28,000 -41,000 -3,773,000 -1,000 -731,000 -22,000 -4,058,000 -16,000 -10,000 -14,000 -2,642,000 -13,000 -12,000 -14,000 -1,612,000 0 1,909,000                   
          payments on asset-backed securitizations
        		0 -427,708,000 -1,486,000 -496,593,000 -3,379,000 -476,773,000 -5,894,000 -466,145,000 -5,937,000 -5,534,000 -6,234,000 -6,765,000 -5,699,000 -5,607,000 -5,401,000 -5,876,000 -6,250,000 -5,783,000 -6,160,000 -6,118,000 -5,391,000 -5,347,000 -6,328,000 -5,435,000 -5,230,000 -5,551,000 -5,180,000 -5,556,000 -5,178,000 -5,179,000 -5,178,000 -5,312,000 -5,409,000 -5,677,000 -460,562,000 -6,231,000 -7,086,000 -361,269,000 -6,381,000 -6,381,000 -5,982,000    
          proceeds from revolving credit facility
        		250,000,000 110,000,000 0 410,000,000         130,000,000 70,000,000 0 420,000,000 350,000,000 270,000,000 710,000,000 80,000,000 0 0 25,000,000 105,000,000     250,000,000 55,000,000 0 100,000,000  0           
          payments on revolving credit facility
        		0 0   -400,000,000 0 0 -90,000,000 -110,000,000 0 0 -130,000,000 0 -70,000,000 -410,000,000 -360,000,000 0 -890,000,000   0    0 0 0 -250,000,000 0 -55,000,000 0 -240,000,000  -92,000,000           
          proceeds from unsecured senior notes, net of discount
        		0 0   497,419,000 0 497,275,000 599,358,000     0 0   0        0 0 0 397,944,000 0 0 0 497,210,000             
          settlement of cash flow hedging instruments
        		0 0                                           
          payments related to liabilities to repurchase consolidated land not owned
        		-15,862,000 -13,560,000 -5,746,000 -18,868,000 -34,138,000 -11,481,000 -12,200,000 -24,182,000                                     
          distributions to noncontrolling interests
        		-15,182,000 -15,176,000 -15,231,000 -15,383,000 -13,322,000 -13,329,000 -13,318,000 -13,318,000 -11,297,000 -11,263,000 -11,263,000 -11,248,000 -9,241,000 -9,218,000 -9,088,000 -9,306,000 -5,137,000 -5,137,000 -5,138,000 -7,758,000 0 -2,602,000 -2,601,000 -5,178,000 0 -5,212,000 -2,741,000 -2,748,000 -2,768,000 -2,767,000 -79,000 -5,457,000 0 -2,778,000 -2,776,000 -2,779,000 -2,778,000 -2,677,000 -2,914,000 -2,991,000 -5,420,000  -5,332,000 -639,000 
          distributions to common shareholders
        		-110,665,000 -111,651,000 -111,604,000 -112,372,000 -96,409,000 -95,608,000 -95,604,000 -95,914,000 -79,909,000 -79,889,000 -79,869,000 -79,831,000 -63,817,000 -62,908,000 -63,146,000 -62,635,000 -33,965,000 -32,397,000 -32,320,000 -47,561,000 -32,000 -15,814,000 -15,107,000 -30,114,000 0 -30,111,000 -14,889,000 -14,832,000 -14,846,000 -14,822,000 -14,365,000 -14,337,000 -11,000 -13,718,000 -12,958,000 -12,214,000 -12,174,000 -11,959,000 -11,916,000 -12,122,000 -10,403,000    
          distributions to preferred shareholders
        		-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 -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 -27,564,000   -26,005,000 -11,984,000 -14,597,000 -14,597,000 0 -17,253,000 -15,282,000 -13,587,000 -13,587,000 -13,669,000 -7,412,000 -5,569,000 -5,569,000    
          deferred financing costs paid
        		0 -155,000   -4,247,000 -12,343,000 -3,407,000 -5,219,000     -10,000 21,000   0 -6,815,000       0 0 0 -3,572,000 0 0 -75,000 -5,025,000 0 -44,000   -51,000 -10,035,000 -350,000 -40,000 -172,000    
          net cash from financing activities
        		-43,321,000 -461,893,000 96,600,000 -247,072,000 463,008,000 -612,629,000 364,521,000 -72,204,000 91,161,000 -99,327,000 -97,344,000 63,300,000 49,358,000 131,906,000 235,678,000 369,235,000 434,770,000 458,355,000 168,570,000 3,260,000 -17,806,000 247,201,000 -9,940,000 50,328,000 -18,593,000 -65,760,000 -128,229,000 120,466,000 67,128,000 83,436,000 -181,119,000 286,472,000 133,699,000 307,483,000 -397,660,000 340,578,000 67,068,000 -215,752,000 138,819,000 334,669,000 -85,131,000 262,032,000 341,349,000 408,025,000 
          net increase in cash, cash equivalents and restricted cash
        		54,955,000 -290,865,000 247,742,000 -131,358,000 32,367,000 -563,797,000 598,355,000 61,430,000 -20,786,000 -119,123,000 -47,045,000 190,855,000 -39,760,000 35,555,000 15,185,000 15,213,000 -10,227,000    -176,950,000 280,782,000 -484,000 -2,390,000  13,100,000 -27,837,000 137,533,000 -90,950,000 53,650,000 -147,641,000 177,332,000 -180,298,000 167,272,000 -435,010,000 380,618,000         
          cash, cash equivalents and restricted cash, beginning of period
        		0 0 0 350,216,000 0 0 0 221,861,000 0 0 0 217,960,000 0 0 0 191,767,000 0 0 0 265,077,000 0 0 0 164,119,000 0 0 0 175,214,000 0 0 0 182,823,000 0 0 0 250,241,000         
          cash, cash equivalents and restricted cash, end of period
        		54,955,000 -290,865,000 247,742,000 218,858,000 32,367,000 -563,797,000 598,355,000 283,291,000 -20,786,000 -119,123,000 -47,045,000 408,815,000 -39,760,000 35,555,000 15,185,000 206,980,000 -10,227,000 18,458,000 -28,568,000 212,104,000 -176,950,000 280,782,000 -484,000 161,729,000 -133,891,000 13,100,000 -27,837,000 312,747,000 -90,950,000 53,650,000 -147,641,000 360,155,000 -180,298,000 167,272,000 -435,010,000 630,859,000         
          distributions from joint ventures
        		    902,000 396,000 114,900,000 113,000 13,384,000 21,197,000 2,212,000 10,943,000 10,150,000 19,813,000 15,760,000 22,587,000 10,623,000 12,555,000 8,479,000 25,893,000 47,854,000 63,914,000 16,352,000 887,000 5,168,000 11,079,000 6,032,000 282,000 666,000 33,811,000 1,210,000 1,230,000             
          redemption of perpetual preferred shares
        		            0 0   0 0                           
          proceeds from liabilities related to consolidated land not owned
        		            0 26,396,000 14,027,000 19,794,000                             
          equity in net loss of unconsolidated joint ventures
        		       884,000                                     
          equity in net income of unconsolidated joint ventures
        		        354,000 -870,000 629,000 -1,340,000  -678,000 -979,000 -1,478,000                             
          settlement of cash flow hedging instrument
        		                0            0 0 0 9,628,000             
          equity in net losses of unconsolidated joint ventures
        		                -735,000 -215,000 -294,000 -366,000   -141,000 1,231,000                     
          other purchases of productive assets
        		              -9,492,000 -10,384,000 -5,460,000 -5,292,000 -3,357,000 -8,258,000 -6,002,000 -5,133,000 -5,148,000 -2,411,000 -5,950,000 -42,000 -89,000 -40,000 146,319,000 -54,121,000 -41,882,000 -53,472,000 -16,988,000 -21,124,000 -3,226,000 -13,710,000         
          payments received on notes for sale of properties
        		               402,000                             
          proceeds received from hurricane-related insurance claims
        		                2,849,000    0 0 297,000 3,408,000 0    522,000 0 0 4,000,000             
          proceeds from exercise of stock options
        		                131,000 2,064,000 909,000 1,121,000 1,412,000 1,258,000 2,892,000 1,449,000 419,000 769,000        -870,000 1,600,000 258,000 394,000 1,095,000 1,345,000 337,000 26,000    
          payments on term loan facility
        		                        0 0   0 0   0 0           
          noncash amortization of deferred financing costs, debt discounts and cash flow hedging instrument
        		                 2,462,000 1,999,000 1,829,000 1,867,000 1,867,000 1,848,000 1,849,000                     
          net decrease in cash, cash equivalents and restricted cash
        		                  -28,568,000 -52,973,000                         
          provision for bad debt
        		                           1,768,000                 
          remeasurement of participating preferred shares
        		                            0 0 0 -1,212,000 -1,500,000 -8,391,000 1,640,000 5,410,000         
          equity in net losses (income) of unconsolidated joint ventures
        		                    -189,000                        
          net 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         
          loss on impairment of single-family properties and other
        		                    105,000 216,000 654,000 4,446,000                     
          proceeds from issuance of perpetual preferred shares
        		                            0    0 115,000,000   0        
          payments of perpetual preferred share issuance costs
        		                            -272,000    0 -4,020,000           
          repurchase of class a common shares
        		                            0 0 0 -34,969,000     0 0 -20,053,000 -76,045,000     
          payments on secured note payable
        		                            0 0 -49,172,000 -255,000 -248,000 -239,000 -237,000 -245,000 -237,000 -230,000 -227,000 -230,000     
          payments on exchangeable senior notes
        		                                            
          supplemental cash flow information
        		                                            
          cash payments for interest, net of amounts capitalized
        		                            -24,114,000 -33,279,000               
          supplemental schedule of noncash investing and financing activities
        		                                            
          accrued property renovations and development expenditures
        		                                            
          transfers of completed homebuilding deliveries to properties
        		                            29,345,000 27,326,000               
          property and land contributions to unconsolidated joint ventures
        		                                            
          note receivable related to a bulk sale of properties, net of discount
        		                                            
          redemption of participating preferred shares
        		                            0 0               
          noncash right-of-use assets obtained in exchange for operating lease liabilities
        		                                            
          accrued distributions to affiliates
        		                            200,000 20,000               
          accrued distributions to non-affiliates
        		                            15,946,000 222,000               
          amounts payable to affiliates
        		                       -182,000 -553,000 273,000 123,000 -73,000 2,388,000 -2,430,000 2,000 -10,000 182,000 -38,000 167,000 4,880,000 -3,859,000 -175,000 -304,000 -4,946,000 10,162,000 -7,932,000 -1,988,000 -14,902,000 
          hurricane-related charges
        		                                -6,418,000            
          equity in earnings of unconsolidated joint ventures
        		                                            
          loss on impairment of single-family properties
        		                        580,000 1,650,000 929,000 504,000 3,062,000 560,000 1,536,000 700,000 894,000 1,299,000 1,558,000 929,000 3,503,000        
          net gain on resolutions of mortgage loans
        		                                0 -1,000 -1,000 -15,000 -921,000        
          collections from mortgage financing receivables
        		                                185,000 5,000 8,000 70,000 1,738,000        
          redemptions of class a common units
        		                                            
          proceeds from term loan facility
        		                                0 0 0 25,000,000 75,000,000        
          transfer of term loan borrowings to revolving credit facility
        		                                            
          transfer of deferred financing costs from term loan to revolving credit facility
        		                                            
          property and land contributions to an unconsolidated joint venture
        		                            0                
          noncash amortization of deferred financing costs
        		                         1,989,000 2,020,000 1,956,000 1,950,000 1,950,000 1,988,000 1,900,000 1,878,000 1,875,000 1,848,000 2,562,000 2,563,000 2,633,000 2,441,000 2,838,000 2,536,000 2,269,000 0 0 
          noncash amortization of discounts on debt instruments
        		                         128,000 122,000 95,000 563,000 1,043,000 1,006,000 935,000             
          noncash amortization of cash flow hedging instrument
        		                         -241,000 -240,000 -241,000 -240,000 -241,000 -241,000 -120,000             
          equity in net earnings of unconsolidated joint ventures
        		                                            
          benefit from bad debt
        		                            2,367,000   2,000,000 2,186,000 2,299,000 1,333,000 1,510,000 1,877,000 2,609,000 1,414,000 1,069,000 972,000 2,220,000   
          equity in net incomees (earnings) of unconsolidated joint ventures
        		                                            
          initial renovations to single-family properties
        		                          -6,786,000 -9,727,000 -11,481,000 -7,868,000 -12,630,000 -20,400,000         -22,425,000    
          equity in net earnings of unconsolidated ventures
        		                           26,000 -123,000 164,000 -273,000 -314,000 -275,000            
          share-based compensation proceeds
        		                           -770,000 1,290,000 6,938,000               
          gain on conversion of series e units to series d units
        		                                    0 0 0 -11,463,000     
          cash acquired in noncash business combinations
        		                                            
          payoff of credit facility in connection with arpi merger
        		                                    0        
          net proceeds received from sales of non-performing loans
        		                                    2,648,000 28,133,000       
          purchase of commercial office buildings
        		                                    0        
          redemptions of class a units
        		                                0 0   0 -108,000 0 -291,000     
          accounts payable and accrued expenses related to property acquisitions, renovations and construction
        		                            2,028,000 -1,086,000               
          conversion of nonperforming loans to properties
        		                                            
          merger with arpi
        		                                            
          single-family properties
        		                                            
          escrow deposits, prepaid expenses and other assets
        		                                            
          deferred costs and other intangibles
        		                                            
          asset-backed securitization
        		                                            
          exchangeable senior notes
        		                                            
          class a common shares and units issued
        		                                            
          investment in unconsolidated joint venture
        		                                            
          share-based compensation (payments) proceeds
        		                               -414,000             
          noncash amortization of discount on exchangeable senior notes
        		                                925,000 910,000 874,000 840,000 865,000 849,000 816,000 290,000     
          noncash amortization of discount on arp 2014-sfr1 securitization
        		                                    0 625,000 833,000 286,000     
          remeasurement of series e units
        		                                        1,356,000  1,619,000  
          purchase of outside interests in rj joint ventures
        		                                            
          investments in mortgage financing receivables
        		                                        -1,146,000    
          distributions from unconsolidated joint ventures
        		                                3,311,000 3,837,000 952,000 1,192,000 1,947,000 630,000       
          proceeds from exercise of stock options, net of tax withholding
        		                                            
          proceeds from asset-backed securitizations
        		                                        0 477,729,000   
          proceeds from revolving credit facilities
        		                                    0        
          payments on revolving credit facilities
        		                                    -75,000,000        
          accounts payable and accrued expenses related to property acquisitions and renovations
        		                                            
          other capital expenditures for single-family properties
        		                                 -11,687,000 -8,554,000 -6,484,000 -5,781,000 -9,351,000 -8,149,000 -4,526,000 -4,361,000    
          equity in net (earnings) loss of unconsolidated ventures
        		                                  -1,328,000 -295,000         
          remeasurement of preferred shares
        		                                    4,080,000 2,490,000 150,000 300,000 2,530,000    
          net gain on sale of single-family properties
        		                                    -1,995,000        
          beazer rental homes portfolio acquisition
        		                                            
          ellington portfolio acquisition
        		                                            
          net proceeds received from sales of single-family properties
        		                                    16,696,000 56,401,000 7,911,000 7,582,000     
          payments of class a common share offering costs
        		                                            
          proceeds from issuance of participating preferred shares
        		                                            
          payments of perpetual preferred shares issuance costs
        		                                            
          amounts payable to affiliates related to property acquisitions
        		                                            
          accrued distribution to series c convertible units
        		                                            
          contribution of properties
        		                                            
          issuance of class a units
        		                                            
          acquisitions for equity
        		                                            
          cash and cash equivalents
        		                                            
          other net assets and liabilities
        		                                            
          class a common shares issued
        		                                            
          restricted cash
        		                                            
          equity in net income of unconsolidated ventures
        		                                     -679,000 29,000 232,000 206,000    
          restricted cash for resident security deposits
        		                                     335,000 776,000 -13,170,000 -703,000    
          change in other restricted cash
        		                                            
          cash acquired in arpi merger
        		                                     0 0 15,499,000     
          net increase in cash and cash equivalents
        		                                     -164,061,000 198,931,000 13,752,000     
          cash and cash equivalents, beginning of period
        		                                     0 0 57,686,000 0 0 0 0 
          cash and cash equivalents, end of period
        		                                     -164,061,000 198,931,000 71,438,000 -180,731,000 147,760,000 -9,076,000 -93,341,000 
          net income on sale / impairment of single-family properties
        		                                            
          net gain on sale of non-performing loans
        		                                            
          resident security deposit liability
        		                                      -800,000 13,170,000 703,000 1,016,000   
          escrow deposits for purchase of single-family properties
        		                                      137,000 -467,000 935,000  -1,906,000 6,393,000 
          increase in other restricted cash
        		                                            
          payoff of credit facility assumed in arpi merger
        		                                      0 -350,000,000     
          purchase of commercial office building
        		                                            
          net proceeds from issuance of class a common shares
        		                                      1,000 1,000   0 844,783,000 
          net proceeds from issuance of perpetual preferred shares
        		                                            
          proceeds from credit facility
        		                                      105,000,000 521,000,000 28,000,000 171,000,000 381,000,000 374,000,000 
          payments on credit facility
        		                                      -401,000,000 -83,000,000 -28,000,000  -244,000,000  
          net (gain) loss on sale / impairment of single-family properties
        		                                       -60,000     
          decrease (increase) in restricted cash related to lender requirements
        		                                       1,891,000     
          gain on remeasurement of equity method investment
        		                                          0 0 
          gain on disposition of discontinued operations
        		                                          0 0 
          increase in restricted cash related to lender requirements
        		                                        -3,606,000    
          cash acquired in non-cash business combinations
        		                                          0 0 
          beazer rental homes acquisition
        		                                            
          settlement of net monetary assets related to management internalization
        		                                          0  
          net proceeds received from sale of discontinued operations
        		                                          0 0 
          purchase of outside interest in rj joint venture
        		                                            
          distributions from unconsolidated joint venture
        		                                          0 0 
          implied contribution by ah llc for historical operations
        		                                            
          net proceeds from issuance of preferred shares
        		                                            
          proceeds from bridge loan
        		                                          0 0 
          payments on bridge loan
        		                                          0 0 
          extinguishment of rj1 note payable
        		                                          0 0 
          contributions to noncontrolling interests
        		                                            
          net decrease in cash and cash equivalents
        		                                          -9,076,000 -93,341,000 
          payments on secured note
        		                                            
          equity in net income (income) of unconsolidated ventures
        		                                            
          cash payments for interest
        		                                            
          accounts payable and accrued expenses related to property acquisitions
        		                                            
          accrued distribution to common shareholders
        		                                            
          net loss
        		                                          -9,471,000 -3,861,000 
          adjustments to reconcile net loss to net cash from operating activities:
        		                                            
          acquisition costs attributable to contributed properties
        		                                            
          resident security deposits
        		                                          -5,148,000 -7,710,000 
          improvements to single-family properties
        		                                          -60,511,000 -84,710,000 
          implied contribution by sponsor for historical operations
        		                                          0 0 
          net proceeds from issuance of class a units in operating partnership
        		                                            
          contributions from noncontrolling interests
        		                                          0  
          deferred financing costs
        		                                          -1,755,000 -4,619,000