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 
      
    		           
      cash flows from operating activities:
    		           
      net income
    		384,162,000 269,855,000 236,597,000 282,092,000 372,519,000 254,007,000 173,557,000 242,066,000 171,790,000 367,807,000 146,775,000 
      adjustments to reconcile net income to net cash from operating activities:
    		           
      depreciation expense
    		230,371,000 231,730,000 217,888,000 215,539,000 212,122,000 206,923,000 212,269,000 210,694,000 200,982,000 200,546,000 204,743,000 
      amortization of deferred financing costs and debt discount
    		3,893,000 3,047,000 3,233,000 3,285,000 3,387,000 3,325,000 3,283,000 3,282,000 3,098,000 3,121,000 3,231,000 
      amortization of stock-based compensation
    		7,149,000 8,457,000 5,662,000 5,132,000 6,747,000 7,624,000 5,870,000 5,293,000 6,734,000 7,194,000 7,921,000 
      equity in income of, and return on, unconsolidated investments and noncontrolling interests, net of eliminations
    		      -5,742,000     
      casualty and impairment loss
    		0           
      expensed transaction, development and other pursuit costs, net of recoveries
    		1,392,000 2,493,000 4,744,000         
      cash flow hedge gains reclassified to earnings
    		           
      gain on sale of real estate assets
    		-180,364,000   -122,127,000 -173,327,000 -68,767,000 62,000 -77,578,000 -22,331,000 -187,760,000 -318,000 
      increase in prepaid expenses and other assets
    		504,000 -26,906,000 -8,963,000 1,807,000 -20,794,000       
      increase in accrued expenses, other liabilities, accrued interest payable and resident security deposits
    		69,581,000 -11,599,000 10,582,000         
      net cash from operating activities
    		476,959,000 377,812,000 415,903,000 328,813,000 486,169,000 379,991,000 412,905,000 346,187,000 471,263,000 346,461,000 396,118,000 
      cash flows from investing activities:
    		           
      development/redevelopment of real estate assets including land acquisitions and deferred development costs
    		-300,433,000 -312,084,000 -237,282,000 -259,357,000 -251,844,000 -232,332,000 -207,568,000 -210,304,000 -238,404,000 -223,778,000 -229,361,000 
      acquisition of real estate assets, including partnership interest
    		           
      capital expenditures - existing real estate assets
    		-74,770,000 -60,669,000 -48,370,000 -56,917,000 -51,931,000 -47,010,000 -37,490,000 -56,668,000 -47,898,000 -42,465,000 -31,281,000 
      capital expenditures - non-real estate assets
    		-634,000 -1,619,000 -256,000 -124,000 -2,018,000 -1,336,000 -1,200,000 -5,846,000 -5,010,000 -4,905,000 -3,201,000 
      increase in payables for construction
    		-3,714,000   4,691,000 -2,649,000 -3,255,000 -536,000 -8,055,000 6,797,000 3,983,000 12,176,000 
      proceeds from sale of real estate, net of selling costs
    		571,189,000 164,407,000 63,651,000         
      note receivable lending
    		-4,697,000 -3,070,000 -12,560,000 -24,175,000 -23,403,000 -21,649,000 -20,861,000 -35,186,000 -20,508,000 -13,074,000 -14,034,000 
      note receivable payments
    		0 -84,000 109,000 0 0 180,000 57,000 23,000 0   
      distributions from unconsolidated entities and investment sale proceeds
    		   4,000,000        
      unconsolidated investments
    		-29,328,000 -4,158,000 -2,395,000 -4,808,000 -4,431,000 -2,851,000 -2,085,000 -5,216,000 -4,715,000 -3,328,000 -5,602,000 
      net cash from investing activities
    		-101,867,000 -395,345,000 -427,865,000 -314,275,000 -218,786,000 -197,985,000 -265,818,000 -346,091,000 -284,987,000 -30,538,000 -267,339,000 
      cash flows from financing activities:
    		           
      issuance of common stock
    		0 2,684,000 693,000 3,303,000 3,261,000 3,606,000 365,000 1,896,000 -149,000 494,824,000 135,000 
      repurchase of common stock
    		       0 0 -782,000 -1,129,000 
      dividends paid
    		-250,233,000 -248,968,000 -243,678,000 -241,778,000 -241,603,000 -241,528,000 -237,005,000 -234,171,000 -234,163,000 -230,858,000 -223,465,000 
      net borrowings under unsecured credit facility and commercial paper
    		-430,019,000 440,058,000 224,942,000         
      repayments of mortgage notes payable, including prepayment penalties
    		-1,062,000 -8,259,000 -1,171,000 -662,000 -1,150,000 -7,181,000 -800,000 -1,300,000 -38,299,000 -6,502,000 -899,000 
      issuance of unsecured notes
    		497,488,000   0 1,000       
      repayment of unsecured notes
    		0       -350,000,000 -150,000,000 0 -250,000,000 
      payment of deferred financing costs
    		-4,037,000   -1,000 -190,000 -3,354,000 -218,000 -3,302,000 0 0 -662,000 
      receipt for termination of forward interest rate swaps
    		   0 0       
      payments related to tax withholding for share-based compensation
    		-99,000 -191,000 -16,353,000 -281,000 -218,000 -93,000 -16,291,000 -110,000 -20,000 -199,000 -10,310,000 
      noncontrolling interests, joint venture and preferred equity transactions
    		-12,864,000 -560,000 -440,000  -360,000 -7,279,000 -548,000     
      net cash from financing activities
    		-348,573,000 93,798,000 -36,007,000 -539,939,000 -240,259,000 159,797,000 -254,497,000 -249,242,000 -353,168,000 255,011,000 -486,960,000 
      net increase in cash, cash equivalents and restricted cash
    		26,519,000   -525,401,000 27,124,000   -249,146,000    
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 267,076,000  0 0 530,960,000     
      cash, cash equivalents and restricted cash, end of period
    		26,519,000 76,265,000 219,107,000  27,124,000 341,803,000 423,550,000     
      cash paid during the period for interest, net of amount capitalized
    		32,918,000 90,254,000 40,160,000  33,236,000 64,942,000 37,242,000  36,439,000 60,427,000 33,814,000 
      equity in loss (income) of, and return on, unconsolidated investments and noncontrolling interests, net of eliminations
    		 3,573,000 3,093,000     2,437,000 2,273,000   
      cash flow hedge (gains) losses reclassified to earnings
    		 -570,000 -273,000 -274,000        
      acquisition of real estate assets
    		 -197,133,000 -187,362,000 -186,056,000 -216,171,000   -132,541,000    
      (gain) loss on sale of real estate assets
    		  -56,660,000         
      decrease in payables for construction
    		  -3,400,000         
      net decrease in cash, cash equivalents and restricted cash
    		  -47,969,000    -107,410,000     
      loss on extinguishment of debt
    		       0    
      equity in (income) loss of, and return on, unconsolidated investments and noncontrolling interests, net of eliminations
    		   5,597,000 -22,718,000      -1,457,000 
      proceeds from sale of real estate and for-sale condominiums, net of selling costs
    		   208,471,000 326,483,000 172,460,000 3,865,000 107,619,000 106,573,000 248,940,000 3,964,000 
      noncontrolling interests and joint venture transactions
    		           
      cash, cash equivalents and restricted cash, beginning of year
    		           
      cash, cash equivalents and restricted cash, end of year
    		           
      cash paid during the year for interest, net of amount capitalized
    		           
      impairment loss
    		    0 0 1,415,000     
      abandonment of development pursuits
    		    1,573,000 1,417,000 4,245,000 10,267,000 18,959,000 1,261,000 2,992,000 
      increase in accrued expenses, other liabilities and accrued interest payable
    		    106,934,000 -17,221,000 21,553,000 -60,004,000 62,238,000 -21,124,000 30,909,000 
      cash flow hedge losses reclassified to earnings
    		     -69,000 146,000 298,000 354,000 354,000 354,000 
      distributions from unconsolidated entities
    		       83,000 1,526,000   
      decrease in prepaid expenses and other assets
    		      -3,753,000     
      casualty loss
    		       449,000 1,766,000 0 2,407,000 
      unrealized gain on terminated cash flow hedges
    		           
      redemption of noncontrolling interest and units for cash by minority partners
    		        0   
      payments to noncontrolling interest
    		           
      distributions to downreit partnership unitholders
    		        0 -13,000 -12,000 
      distributions to joint venture and profit-sharing partners
    		        -106,000 -104,000 -98,000 
      preferred interest obligation redemption and dividends
    		        -420,000 0 -520,000 
      decrease in resident security deposits, prepaid expenses and other assets
    		         -27,017,000 -1,439,000 
      net increase in cash, cash equivalents and cash in escrow
    		           
      cash, cash equivalents and cash in escrow, beginning of period
    		         0 734,245,000 
      cash, cash equivalents and cash in escrow, end of period
    		         570,934,000 376,064,000 
      acquisition of/payments to noncontrolling interest
    		           
      net decrease in cash, cash equivalents and cash in escrow
    		          -358,181,000 
      amortization of deferred financing costs
    		           
      amortization of debt discount
    		           
      equity in loss (income) of, and return on, unconsolidated entities and noncontrolling interests, net of eliminations
    		           
      real estate casualty loss
    		           
      gain on sale of for-sale condominiums
    		           
      increase in resident security deposits, prepaid expenses and other assets
    		           
      proceeds from the sale of for-sale condominiums, net of selling costs
    		           
      investments in unconsolidated entities
    		           
      issuance of mortgage notes payable
    		           
      receipt (payment) for termination of forward interest rate swaps
    		           
      cash, cash equivalents and cash in escrow, beginning of year
    		           
      cash, cash equivalents and cash in escrow, end of year
    		           
    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.