Quarterly
Annual
| Unit: USD | 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 | 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.
