7Baggers
Quarterly
Annual
    Unit: USD2024-12-31 2023-12-31 2022-12-31 2021-12-31 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 
      
    		                     
      assets:
    		                     
      investments in single-family residential properties:
    		                     
      land
    		4,901,192,000 4,881,890,000 4,800,110,000 4,737,938,000 4,539,796,000 4,501,831,000 4,487,945,000 4,498,591,000 4,499,346,000 4,491,148,000 4,522,979,000 4,532,848,000 4,561,441,000 4,575,697,000 4,635,181,000 4,637,540,000 4,646,917,000 2,733,834,000 2,716,934,000 2,701,437,000 2,703,388,000 
      building and improvements
    		17,180,308,000 16,670,006,000 15,900,825,000 15,270,443,000 14,261,954,000 14,011,329,000 13,882,606,000 13,844,299,000 13,747,818,000 13,610,784,000 13,718,005,000 13,639,736,000 13,668,533,000 13,650,475,000 13,808,251,000 13,759,959,000 13,740,981,000 7,169,872,000 7,116,587,000 7,078,678,000 7,091,457,000 
      less: accumulated depreciation
    		-4,869,374,000 -4,262,682,000 -3,670,561,000 -3,073,059,000 -2,513,057,000 -2,381,059,000 -2,252,814,000 -2,126,400,000 -2,003,972,000 -1,883,231,000 -1,777,457,000 -1,662,708,000 -1,543,914,000 -1,423,820,000 -1,321,346,000 -1,197,520,000 -1,075,634,000 -982,463,000 -917,961,000 -853,399,000 -792,330,000 
      investments in single-family residential properties
    		17,212,126,000 17,289,214,000 17,030,374,000 16,935,322,000 16,288,693,000 16,132,101,000 16,117,737,000 16,216,490,000 16,243,192,000 16,218,701,000 16,463,527,000 16,509,876,000 16,686,060,000 16,802,352,000 17,122,086,000 17,199,979,000 17,312,264,000 8,921,243,000 8,915,560,000 8,926,716,000 9,002,515,000 
      cash and cash equivalents
    		174,491,000 700,618,000 262,870,000 610,166,000 213,422,000 559,567,000 571,719,000 297,060,000 92,258,000 81,531,000 77,046,000 130,896,000 144,940,000 130,037,000 166,874,000 134,893,000 179,878,000 134,441,000 158,934,000 192,450,000 198,119,000 
      restricted cash
    		245,202,000 196,866,000 191,057,000 208,692,000 198,346,000 249,341,000 223,894,000 218,735,000 193,987,000 244,882,000 242,409,000 220,522,000 215,051,000 253,603,000 243,048,000 255,855,000 236,684,000 153,781,000 138,264,000 144,169,000 222,092,000 
      goodwill
    		258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000 258,207,000     
      investments in unconsolidated joint ventures
    		241,605,000 247,166,000 280,571,000 130,395,000 69,267,000                 
      other assets
    		569,320,000 528,896,000 513,629,000 395,064,000 478,287,000 551,571,000 574,759,000 602,853,000 605,266,000 856,697,000 672,964,000 734,118,000 759,170,000 1,032,449,000 875,147,000 847,511,000 696,605,000 315,059,000 306,568,000 324,826,000 309,625,000 
      total assets
    		18,700,951,000 19,220,967,000 18,536,708,000 18,537,846,000 17,506,222,000 17,750,787,000 17,746,316,000 17,593,345,000 17,392,910,000 17,660,018,000 17,714,153,000 17,853,619,000 18,063,428,000 18,476,648,000 18,665,362,000 18,696,445,000 18,683,638,000 9,524,524,000 9,519,326,000 9,588,161,000 9,732,351,000 
      liabilities:
    		                     
      mortgage loans
    		983,924,000 1,627,256,000 1,645,795,000 3,055,853,000 4,820,098,000 6,094,980,000 6,118,575,000 6,137,744,000 6,238,461,000 6,428,874,000 6,509,962,000 7,029,768,000 7,201,654,000 7,409,700,000 7,620,487,000 7,614,460,000 7,580,153,000 4,157,024,000 4,158,666,000 4,228,525,000 5,254,738,000 
      secured term loan
    		401,649,000 401,515,000 401,530,000 401,313,000 401,095,000 401,040,000 400,986,000 401,033,000 400,978,000 400,924,000 400,869,000           
      unsecured notes
    		3,800,688,000 3,305,467,000 2,518,185,000 1,921,974,000                  
      term loan facilities
    		2,446,041,000 3,211,814,000 3,203,567,000                   
      revolving facility
    		570,000,000       270,000,000        15,000,000 35,000,000     
      accounts payable and accrued expenses
    		247,709,000 200,590,000 198,423,000 193,633,000 149,299,000 261,355,000 190,344,000 180,222,000 186,110,000 278,272,000 227,983,000 193,495,000 169,603,000 275,203,000 221,535,000 199,317,000 193,413,000 160,674,000 110,919,000 101,347,000 88,052,000 
      resident security deposits
    		180,866,000 180,455,000 175,552,000 165,167,000 157,936,000 155,871,000 154,200,000 150,160,000 147,787,000 149,023,000 151,995,000 150,672,000 148,995,000 151,305,000 152,075,000 150,202,000 146,689,000 88,976,000 88,781,000 87,792,000 86,513,000 
      other liabilities
    		277,565,000 103,435,000 70,025,000 341,583,000 611,410,000 672,139,000 706,327,000 666,031,000 325,450,000 400,319,000 331,742,000 207,159,000 125,829,000 30,573,000 45,410,000 41,179,000 41,999,000 28,586,000 30,460,000 26,589,000 30,084,000 
      total liabilities
    		8,908,442,000 9,030,532,000 8,213,077,000 8,699,042,000 8,950,149,000 9,419,410,000 9,402,443,000 9,635,218,000 9,126,832,000 9,483,507,000 9,676,685,000 9,632,251,000 9,694,242,000 9,912,000,000 10,081,785,000 10,059,548,000 10,033,763,000 5,922,511,000 5,875,355,000 5,930,119,000 7,774,928,000 
      commitments and contingencies
    		                     
      equity:
    		                     
      stockholders’ equity
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of december 31, 2024 and 2023
    		                     
      common stock
    		6,126,000 6,120,000 6,114,000 6,010,000 5,671,000 5,605,000 5,605,000 5,438,000 5,416,000 5,384,000 5,251,000 5,250,000 5,206,000 5,206,000 5,205,000 5,204,000 5,192,000 3,114,000 3,104,000 3,104,000  
      additional paid-in capital
    		11,170,597,000 11,156,736,000 11,138,463,000 10,873,539,000 9,707,258,000 9,521,179,000 9,515,625,000 9,066,512,000 9,010,194,000 8,938,487,000 8,686,927,000 8,685,058,000 8,629,462,000 8,624,380,000 8,619,302,000 8,612,110,000 8,602,603,000 3,677,182,000 3,675,094,000 3,667,178,000  
      accumulated deficit
    		-1,480,928,000 -1,070,586,000 -951,220,000 -794,869,000 -661,162,000 -646,950,000 -595,318,000 -556,305,000 -524,588,000 -505,887,000 -469,129,000 -439,737,000 -392,594,000 -360,344,000 -303,801,000 -232,296,000 -157,595,000 -86,450,000 -38,799,000 -25,512,000  
      accumulated other comprehensive income
    		60,969,000 63,701,000 97,985,000          -12,963,000 151,886,000 118,954,000 106,918,000 47,885,000 8,167,000 4,572,000 13,272,000  
      total stockholders’ equity
    		9,756,764,000                     
      non-controlling interests
    		35,745,000 34,464,000 32,289,000 41,062,000 51,248,000 50,509,000 50,109,000 49,884,000 51,656,000 79,251,000 79,789,000 81,452,000 140,075,000 143,520,000 143,917,000 144,961,000 151,790,000     
      total equity
    		9,792,509,000 10,190,435,000 10,323,631,000 9,838,804,000 8,556,073,000 8,331,377,000 8,343,873,000 7,958,127,000 8,266,078,000 8,176,511,000 8,037,468,000 8,221,368,000 8,369,186,000 8,564,648,000 8,583,577,000 8,636,897,000 8,649,875,000 3,602,013,000 3,643,971,000 3,658,042,000 1,957,423,000 
      total liabilities and equity
    		18,700,951,000 19,220,967,000 18,536,708,000 18,537,846,000 17,506,222,000 17,750,787,000 17,746,316,000 17,593,345,000 17,392,910,000 17,660,018,000 17,714,153,000 17,853,619,000 18,063,428,000 18,476,648,000 18,665,362,000 18,696,445,000 18,683,638,000 9,524,524,000 9,519,326,000 9,588,161,000 9,732,351,000 
      stockholders' equity
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of december 31, 2023 and 2022
    		                     
      total stockholders' equity
    		 10,155,971,000 10,291,342,000 9,797,742,000 8,504,825,000 8,280,868,000 8,293,764,000 7,908,243,000 8,214,422,000 8,097,260,000 7,957,679,000 8,139,916,000 8,229,111,000         
      convertible senior notes
    		   141,397,000 339,404,000 338,112,000 336,820,000 335,559,000 334,299,000 333,070,000 561,830,000 559,575,000 557,301,000 555,081,000 552,861,000 550,695,000 548,536,000     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of december 31, 2022 and 2021
    		                     
      term loan facility
    		   2,478,122,000 2,470,907,000 1,495,913,000 1,495,191,000 1,494,469,000 1,493,747,000 1,493,025,000 1,492,304,000 1,491,582,000 1,490,860,000 1,490,138,000 1,489,417,000 1,488,695,000 1,487,973,000 1,487,251,000 1,486,529,000 1,485,866,000  
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of december 31, 2021 and 2020
    		                     
      accumulated other comprehensive loss
    		   -286,938,000 -546,942,000 -598,966,000 -632,148,000 -607,402,000 -276,600,000 -340,724,000 -265,370,000 -110,655,000          
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of december 31, 2020 and december 31, 2019
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of september 30, 2020 and december 31, 2019
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of june 30, 2020 and december 31, 2019
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of march 31, 2020 and december 31, 2019
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of december 31, 2019 and 2018
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of september 30, 2019 and december 31, 2018
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of june 30, 2019 and december 31, 2018
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of march 31, 2019 and december 31, 2018
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding as of december 31, 2018 and 2017
    		                     
      shareholders' equity
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding at september 30, 2018 and december 31, 2017
    		                     
      total shareholders' equity
    		             8,421,128,000 8,439,660,000 8,491,936,000 8,498,085,000 3,602,013,000 3,643,971,000 3,658,042,000  
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding at june 30, 2018 and december 31, 2017
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding at march 31, 2018 and december 31, 2017
    		                     
      credit facilities
    		                    2,315,541,000 
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding at december 31, 2017
    		                     
      combined equity
    		                    1,957,423,000 
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding at september 30, 2017
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding at june 30, 2017
    		                     
      preferred stock, 0.01 par value per share, 900,000,000 shares authorized, none outstanding at march 31, 2017
    		                     
      warehouse loans
    		                     
      revenues:
    		                     
      rental revenues
    		                    877,991,000 
      other property income
    		                    44,596,000 
      total revenues
    		                    922,587,000 
      operating expenses:
    		                     
      property operating and maintenance
    		                    360,327,000 
      property management expense
    		                    30,493,000 
      general and administrative
    		                    69,102,000 
      depreciation and amortization
    		                    267,681,000 
      impairment and other
    		                    4,207,000 
      total operating expenses
    		                    731,810,000 
      operating income
    		                    190,777,000 
      other income
    		                     
      interest expense
    		                    -286,048,000 
      other
    		                    -1,558,000 
      total other income
    		                    -287,606,000 
      income from continuing operations
    		                    -96,829,000 
      gain on sale of property
    		                    18,590,000 
      net income
    		                    -78,239,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.