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 2003-09-30 2003-06-30 2003-03-31 2002-12-31 2002-09-30 2002-06-30 2002-03-31 
      
                       
      assets
                       
      real estate:
                       
      land and improvements
    4,924,925,000 4,893,199,000 4,903,886,000 4,888,146,000 4,854,683,000 4,784,515,000 4,742,140,000 4,720,331,000 4,671,252,000 4,647,879,000 4,645,240,000 4,640,971,000        
      buildings and improvements
    21,027,361,000 20,727,161,000 20,625,788,000 20,454,276,000 20,070,553,000 19,684,414,000 19,643,649,000 19,438,195,000 19,043,489,000 18,906,003,000 18,852,853,000 18,804,510,000        
      furniture, fixtures and equipment
    1,505,473,000 1,456,106,000 1,426,015,000 1,387,506,000 1,354,107,000 1,302,726,000 1,275,563,000 1,303,959,000 1,252,247,000 1,221,610,000 1,202,848,000 1,174,135,000        
      less accumulated depreciation
    -8,555,747,000 -8,416,462,000 -8,351,624,000 -8,164,411,000 -7,990,115,000 -7,811,650,000 -7,720,513,000 -7,557,614,000 -7,349,202,000 -7,193,053,000 -7,058,327,000 -6,878,556,000        
      net operating real estate
    18,902,012,000 18,660,004,000 18,604,065,000 18,565,517,000 18,289,228,000 17,960,005,000 17,940,839,000 17,904,871,000 17,617,786,000 17,582,439,000 17,642,614,000 17,741,060,000        
      construction in progress, including land
    1,428,609,000 1,399,174,000 1,198,280,000 1,042,673,000 1,088,496,000 1,122,699,000 1,210,773,000 1,268,915,000 1,317,350,000 1,202,977,000 1,211,405,000 1,072,543,000        
      land held for development
    126,050,000 101,066,000 141,978,000 151,922,000 154,906,000 174,997,000 211,546,000 199,062,000 183,158,000 195,115,000 177,889,000 179,204,000        
      real estate assets held for sale
    69,578,000 334,245,000 58,141,000 6,950,000 37,088,000 154,887,000 9,629,000  24,731,000 81,047,000 11,832,000         
      total real estate
    20,526,249,000 20,494,489,000 20,002,464,000 19,767,062,000 19,569,718,000 19,412,588,000 19,372,787,000 19,372,848,000 19,143,025,000 19,061,578,000 19,043,740,000 19,025,339,000        
      cash and cash equivalents
    123,313,000 102,825,000 53,255,000 108,576,000 552,356,000 545,769,000 287,892,000 397,890,000 508,571,000 769,622,000 254,466,000 613,189,000        
      restricted cash
    198,578,000 192,547,000 165,852,000 158,500,000 240,121,000 219,584,000 135,658,000 133,070,000 271,535,000           
      unconsolidated investments
    206,185,000 227,207,000 226,622,000 227,320,000 227,831,000 222,065,000 220,384,000 220,145,000 217,449,000 216,533,000 219,143,000         
      deferred development costs
    101,523,000 64,221,000 54,454,000 43,675,000 49,620,000 48,747,000 54,038,000 53,122,000 64,147,000 71,421,000 64,348,000 58,489,000        
      prepaid expenses and other assets
    643,790,000 605,741,000 559,329,000 540,950,000 511,771,000 455,081,000 437,664,000 366,465,000 362,332,000 334,460,000 296,995,000 247,461,000        
      right of use lease assets
    149,594,000 150,915,000 153,738,000 154,654,000 156,994,000 133,196,000 132,474,000 134,674,000 135,779,000 136,180,000 138,258,000 143,331,000        
      total assets
    21,949,232,000 21,837,945,000 21,215,714,000 21,000,737,000 21,308,411,000 21,037,030,000 20,640,897,000 20,678,214,000 20,702,838,000 20,806,197,000 20,174,895,000 20,457,764,000        
      liabilities and equity
                       
      unsecured notes
    7,780,713,000 7,285,235,000 7,360,607,000 7,358,784,000 7,656,910,000 7,655,152,000 7,257,806,000 7,256,152,000 7,207,793,000 7,355,693,000 7,353,721,000 7,602,305,000        
      variable rate unsecured credit facility and commercial paper
    234,981,000 664,637,000 224,942,000      69,989,000           
      mortgage notes payable
    709,942,000 710,223,000 717,888,000 718,465,000 718,352,000 718,879,000 725,465,000 725,670,000 669,212,000 707,006,000 713,174,000 713,740,000        
      dividends payable
    252,757,000 253,107,000 251,378,000 244,967,000 244,519,000 244,082,000 243,604,000 238,072,000 237,599,000 237,147,000 233,375,000 226,022,000        
      payables for construction
    97,905,000 101,619,000 82,554,000 85,954,000 81,263,000 83,912,000 87,167,000 87,703,000 95,758,000 88,961,000 84,978,000 72,802,000        
      accrued expenses and other liabilities
    406,542,000 361,219,000 351,872,000 356,987,000 402,590,000 315,880,000 323,819,000 310,868,000 355,676,000 319,271,000 322,851,000 306,186,000        
      lease liabilities
    167,826,000 169,319,000 172,226,000 173,282,000 175,401,000 151,587,000 150,926,000 153,232,000 154,451,000 154,957,000 157,414,000 162,671,000        
      accrued interest payable
    75,834,000 58,667,000 75,101,000 58,377,000 80,225,000 60,830,000 71,966,000 57,911,000 69,174,000 61,014,000 73,295,000 54,100,000        
      resident security deposits
    61,237,000 63,621,000 62,863,000 62,829,000 64,267,000 65,214,000 64,437,000 63,815,000 63,856,000 39,027,000 36,347,000 36,815,000        
      total liabilities
    9,787,737,000 9,667,647,000 9,299,431,000 9,059,645,000 9,423,527,000 9,295,536,000 8,925,190,000 8,893,423,000 8,923,508,000 8,989,119,000 9,002,905,000 9,201,526,000        
      commitments and contingencies
                       
      equity:
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at september 30, 2025 and december 31, 2024; zero shares issued and outstanding at september 30, 2025 and december 31, 2024
                       
      common stock
    1,415,000 1,423,000 1,423,000 1,422,000 1,422,000 1,422,000 1,422,000 1,420,000 1,420,000 1,420,000 1,401,000 1,400,000        
      additional paid-in capital
    11,271,388,000 11,323,160,000 11,307,940,000 11,314,116,000 11,303,799,000 11,290,907,000 11,279,840,000 11,287,549,000 11,278,650,000 11,269,159,000 10,764,461,000 10,765,431,000        
      accumulated earnings less dividends
    638,898,000 595,535,000 576,486,000 591,250,000 551,436,000 421,134,000 409,371,000 478,156,000 470,980,000 534,291,000 401,879,000 485,221,000        
      accumulated other comprehensive income
    26,214,000 27,601,000 30,434,000 34,304,000 28,227,000 28,031,000 23,601,000 16,116,000 26,474,000 10,618,000 1,438,000 1,424,000        
      total stockholders' equity
    11,937,915,000 11,947,719,000      11,783,241,000 11,777,524,000 11,815,488,000 11,169,179,000 11,253,476,000        
      noncontrolling interests
    223,580,000 222,579,000      77,000 77,000 77,000 77,000 77,000        
      total equity
    12,161,495,000 12,170,298,000 11,916,283,000 11,941,092,000 11,884,884,000 11,741,494,000 11,714,234,000 11,783,318,000 11,777,601,000 11,815,565,000 11,169,256,000 11,253,553,000        
      total liabilities and equity
    21,949,232,000 21,837,945,000 21,215,714,000 21,000,737,000 21,308,411,000 21,037,030,000 20,640,897,000 20,678,214,000 20,702,838,000 20,806,197,000 20,174,895,000 20,457,764,000        
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at june 30, 2025 and december 31, 2024; zero shares issued and outstanding at june 30, 2025 and december 31, 2024
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at march 31, 2025 and december 31, 2024; zero shares issued and outstanding at march 31, 2025 and december 31, 2024
                       
      redeemable noncontrolling interests
          1,473,000 1,473,000 1,729,000 1,513,000 2,734,000 2,685,000        
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at december 31, 2024 and december 31, 2023; zero shares issued and outstanding at december 31, 2024 and december 31, 2023
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at september 30, 2024 and december 31, 2023; zero shares issued and outstanding at september 30, 2024 and december 31, 2023
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at june 30, 2024 and december 31, 2023; zero shares issued and outstanding at june 30, 2024 and december 31, 2023
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at march 31, 2024 and december 31, 2023; zero shares issued and outstanding at march 31, 2024 and december 31, 2023
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at december 31, 2023 and december 31, 2022; zero shares issued and outstanding at december 31, 2023 and december 31, 2022
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at september 30, 2023 and december 31, 2022; zero shares issued and outstanding at september 30, 2023 and december 31, 2022
                       
      cash in escrow
             177,376,000 121,598,000 121,056,000        
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at june 30, 2023 and december 31, 2022; zero shares issued and outstanding at june 30, 2023 and december 31, 2022
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at march 31, 2023 and december 31, 2022; zero shares issued and outstanding at march 31, 2023 and december 31, 2022
                       
      for-sale condominium inventory
               32,532,000        
      investments in unconsolidated entities
               212,084,000        
      liabilities related to real estate assets held for sale
                       
      preferred stock, 0.01 par value; 25 liquidation preference; 50,000,000 shares authorized at december 31, 2022 and december 31, 2021; zero shares issued and outstanding at december 31, 2022 and december 31, 2021
                       
    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.