UDR, Inc(NYSE:UDR) 
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted...
Website: http://www.udr.com
Founded: 1972
Full Time Employees: 1,330
Sector: Real Estate
Industry: REIT-Residential
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 2018-06-30 | 2018-03-31 | 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 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 423,321,000 | 428,825,000 | 429,294,000 | 423,001,000 | 419,836,000 | 420,440,000 | 418,088,000 | 413,328,000 | 411,669,000 | 410,894,000 | 408,359,000 | 403,098,000 | 398,307,000 | 398,412,000 | 390,023,000 | 367,748,000 | 356,181,000 | 347,024,000 | 328,699,000 | 309,116,000 | 299,826,000 | 301,176,000 | 308,845,000 | 305,982,000 | 320,093,000 | 302,745,000 | 289,008,000 | 278,463,000 | 267,922,000 | 256,634,000 | 250,483,000 | 248,264,000 | 244,658,000 | 241,271,000 | 240,081,000 | 240,255,000 | 236,168,000 | 231,957,000 | 234,352,000 | 217,765,000 | 212,764,000 | 207,047,000 | 206,104,000 | 203,587,000 | 200,959,000 | 194,352,000 | 188,613,000 | 184,301,000 | 182,445,000 | 181,766,000 | 177,475,000 | 172,242,000 | 169,584,000 | 187,320,000 | 176,767,000 | 164,520,000 | 167,993,000 | 159,795,000 | 153,921,000 | 151,629,000 | 150,130,000 | 150,311,000 | 151,843,000 | 150,615,000 | 152,718,000 | 146,291,000 | 138,834,000 | 125,565,000 | -37,520,000 | 183,065,000 | 178,231,000 | 181,145,000 | 180,237,000 | 177,634,000 | 174,257,000 | 176,810,000 | 176,102,000 | 172,514,000 |
joint venture management and other fees | 2,528,000 | 4,281,000 | 2,570,000 | 2,398,000 | 2,112,000 | 2,288,000 | 2,072,000 | 1,992,000 | 1,965,000 | 2,379,000 | 1,772,000 | 1,450,000 | 1,242,000 | 1,244,000 | 1,274,000 | 1,419,000 | 1,085,000 | 1,184,000 | 1,071,000 | 2,232,000 | 1,615,000 | 1,208,000 | 1,199,000 | 1,274,000 | 1,388,000 | 2,073,000 | 6,386,000 | 2,845,000 | 2,751,000 | 3,109,000 | 2,822,000 | 2,827,000 | 3,321,000 | 2,570,000 | 2,927,000 | 2,997,000 | 2,618,000 | 2,858,000 | 3,253,000 | 3,653,000 | 3,098,000 | 12,706,000 | 3,445,000 | 3,165,000 | 2,747,000 | 3,687,000 | 3,217,000 | 2,923,000 | ||||||||||||||||||||||||||||||
total revenues | 425,849,000 | 433,106,000 | 431,864,000 | 425,399,000 | 421,948,000 | 422,728,000 | 420,160,000 | 415,320,000 | 413,634,000 | 413,273,000 | 410,131,000 | 404,548,000 | 399,549,000 | 399,656,000 | 391,297,000 | 369,167,000 | 357,266,000 | 348,208,000 | 329,770,000 | 311,348,000 | 301,441,000 | 302,384,000 | 310,044,000 | 307,256,000 | 321,481,000 | 304,818,000 | 295,394,000 | 281,308,000 | 270,673,000 | 259,743,000 | 253,305,000 | 251,091,000 | 247,979,000 | 243,841,000 | 243,008,000 | 243,252,000 | 238,786,000 | 234,815,000 | 237,605,000 | 221,418,000 | 215,862,000 | 219,753,000 | 209,549,000 | 206,752,000 | 203,706,000 | 198,039,000 | 191,830,000 | 187,224,000 | 186,419,000 | 186,321,000 | 180,698,000 | 175,925,000 | 174,386,000 | 192,549,000 | 179,622,000 | 169,056,000 | 174,769,000 | 161,990,000 | 155,977,000 | 154,949,000 | 153,795,000 | 151,938,000 | 155,801,000 | 155,639,000 | 152,879,000 | 157,089,000 | 148,158,000 | 131,083,000 | -36,346,000 | 183,437,000 | 178,928,000 | 181,622,000 | 180,674,000 | 178,881,000 | 174,981,000 | |||
yoy | 0.92% | 2.46% | 2.79% | 2.43% | 2.01% | 2.29% | 2.45% | 2.66% | 3.53% | 3.41% | 4.81% | 9.58% | 11.84% | 14.78% | 18.66% | 18.57% | 18.52% | 15.15% | 6.36% | 1.33% | -6.23% | -0.80% | 4.96% | 9.22% | 18.77% | 17.35% | 16.62% | 12.03% | 9.15% | 6.52% | 4.24% | 3.22% | 3.85% | 3.84% | 2.27% | 9.86% | 10.62% | 6.85% | 13.39% | 7.09% | 5.97% | 10.96% | 9.24% | 10.43% | 9.27% | 6.29% | 6.16% | 6.42% | 6.90% | -3.23% | 0.60% | 4.06% | -0.22% | 18.86% | 15.16% | 9.10% | 13.64% | 6.62% | 0.11% | -0.44% | 0.60% | -3.28% | 5.16% | 18.73% | -520.62% | -14.36% | -17.20% | -27.83% | -120.12% | 2.55% | 2.26% | |||||||
qoq | -1.68% | 0.29% | 1.52% | 0.82% | -0.18% | 0.61% | 1.17% | 0.41% | 0.09% | 0.77% | 1.38% | 1.25% | -0.03% | 2.14% | 5.99% | 3.33% | 2.60% | 5.59% | 5.92% | 3.29% | -0.31% | -2.47% | 0.91% | -4.42% | 5.47% | 3.19% | 5.01% | 3.93% | 4.21% | 2.54% | 0.88% | 1.25% | 1.70% | 0.34% | -0.10% | 1.87% | 1.69% | -1.17% | 7.31% | 2.57% | -1.77% | 4.87% | 1.35% | 1.50% | 2.86% | 3.24% | 2.46% | 0.43% | 0.05% | 3.11% | 2.71% | 0.88% | -9.43% | 7.20% | 6.25% | -3.27% | 7.89% | 3.86% | 0.66% | 0.75% | 1.22% | -2.48% | 0.10% | 1.81% | -2.68% | 6.03% | 13.03% | -460.65% | -119.81% | 2.52% | -1.48% | 0.52% | 1.00% | 2.23% | ||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating and maintenance | 80,732,000 | 73,995,000 | 79,373,000 | 75,613,000 | 75,990,000 | 72,167,000 | 76,484,000 | 70,443,000 | 73,478,000 | 68,442,000 | 71,599,000 | 68,861,000 | 64,834,000 | 64,652,000 | 66,769,000 | 60,405,000 | 58,484,000 | 57,670,000 | 57,708,000 | 51,335,000 | 51,381,000 | 50,359,000 | 53,385,000 | 48,717,000 | 49,483,000 | 47,245,000 | 46,869,000 | 42,894,000 | 41,939,000 | 41,452,000 | 40,587,000 | 42,362,000 | 40,612,000 | 39,600,000 | 40,075,000 | 41,852,000 | 38,574,000 | 39,446,000 | 41,174,000 | 39,478,000 | 37,194,000 | 37,250,000 | 36,782,000 | 39,086,000 | 36,840,000 | 36,720,000 | 36,758,000 | 35,461,000 | ||||||||||||||||||||||||||||||
real estate taxes and insurance | 59,859,000 | 60,278,000 | 57,786,000 | 57,008,000 | 58,745,000 | 57,269,000 | 57,182,000 | 58,884,000 | 58,795,000 | 58,562,000 | 58,104,000 | 57,516,000 | 57,970,000 | 56,874,000 | 58,236,000 | 52,788,000 | 53,764,000 | 51,403,000 | 51,511,000 | 49,145,000 | 47,387,000 | 45,965,000 | 44,328,000 | 45,012,000 | 45,145,000 | 40,264,000 | 38,490,000 | 35,834,000 | 36,300,000 | 31,907,000 | 33,282,000 | 31,181,000 | 29,423,000 | 30,188,000 | 28,726,000 | 28,047,000 | 30,279,000 | 28,377,000 | 26,881,000 | 24,722,000 | 25,138,000 | 26,222,000 | 25,331,000 | 24,697,000 | 23,716,000 | 25,431,000 | 23,202,000 | 23,524,000 | 22,042,000 | 22,633,000 | 21,535,000 | 20,911,000 | 20,967,000 | 22,548,000 | 20,515,000 | 20,974,000 | 20,307,000 | 19,280,000 | 19,115,000 | 19,601,000 | 16,846,000 | 18,908,000 | 18,843,000 | 20,020,000 | 20,011,000 | 19,133,000 | 15,785,000 | 13,499,000 | -5,843,000 | 21,130,000 | 21,963,000 | 21,778,000 | 21,556,000 | 20,159,000 | 20,294,000 | |||
property management | 13,758,000 | 13,937,000 | 13,952,000 | 13,747,000 | 13,645,000 | 13,665,000 | 13,588,000 | 13,433,000 | 13,379,000 | 13,354,000 | 13,271,000 | 13,101,000 | 12,945,000 | 12,949,000 | 12,675,000 | 11,952,000 | 11,576,000 | 10,411,000 | 9,861,000 | 9,273,000 | 8,995,000 | 8,659,000 | 8,879,000 | 8,797,000 | 9,203,000 | 8,703,000 | 8,309,000 | 8,006,000 | 7,703,000 | 7,057,000 | 6,888,000 | 6,827,000 | 6,728,000 | 6,635,000 | 6,603,000 | 6,607,000 | 6,494,000 | 6,379,000 | 6,445,000 | 5,988,000 | 5,851,000 | 5,694,000 | 5,668,000 | 5,598,000 | 5,527,000 | 5,345,000 | 5,187,000 | 5,068,000 | 5,017,000 | 4,998,000 | 4,880,000 | 4,737,000 | 4,662,000 | 5,152,000 | 4,861,000 | 4,524,000 | 4,620,000 | 4,394,000 | 4,233,000 | 4,170,000 | 4,129,000 | 4,134,000 | 4,176,000 | 4,142,000 | 4,200,000 | 4,023,000 | 3,818,000 | 3,453,000 | 4,958,000 | 5,212,000 | 5,102,000 | 5,045,000 | 5,054,000 | 5,126,000 | 5,093,000 | |||
other operating expenses | 9,415,000 | 7,947,000 | 6,975,000 | 7,753,000 | 8,059,000 | 9,613,000 | 6,382,000 | 7,593,000 | 6,828,000 | 8,320,000 | 4,611,000 | 4,259,000 | 3,032,000 | 4,008,000 | 3,746,000 | 5,027,000 | 4,712,000 | 8,604,000 | 4,237,000 | 4,373,000 | 4,435,000 | 6,153,000 | 5,543,000 | 6,100,000 | 4,966,000 | 2,800,000 | 2,751,000 | 2,735,000 | 5,646,000 | 2,825,000 | 2,009,000 | 1,950,000 | 2,369,000 | 1,691,000 | 2,369,000 | 1,636,000 | 1,892,000 | 1,752,000 | 3,534,000 | 2,639,000 | 1,769,000 | 1,766,000 | 2,174,000 | 2,009,000 | 2,162,000 | 1,926,000 | 1,807,000 | 1,643,000 | 1,464,000 | 1,467,000 | 1,434,000 | 1,383,000 | 1,450,000 | 1,539,000 | 1,544,000 | 1,459,000 | 1,510,000 | 1,396,000 | 1,457,000 | 1,485,000 | 1,144,000 | 1,172,000 | 1,769,000 | 1,496,000 | 1,381,000 | 1,158,000 | 1,020,000 | 1,004,000 | 496,000 | 321,000 | 314,000 | 311,000 | 331,000 | 308,000 | 301,000 | |||
real estate depreciation and amortization | 161,268,000 | 163,610,000 | 165,926,000 | 163,191,000 | 161,394,000 | 165,446,000 | 170,276,000 | 170,488,000 | 169,858,000 | 170,643,000 | 167,551,000 | 168,925,000 | 169,300,000 | 167,241,000 | 166,781,000 | 167,584,000 | 163,622,000 | 163,755,000 | 152,636,000 | 146,169,000 | 144,088,000 | 146,135,000 | 151,949,000 | 155,056,000 | 155,476,000 | 143,464,000 | 127,391,000 | 117,934,000 | 112,468,000 | 106,520,000 | 108,136,000 | 107,171,000 | 108,450,000 | 105,032,000 | 102,537,000 | 105,802,000 | 105,937,000 | 105,339,000 | 104,909,000 | 90,568,000 | 90,344,000 | 88,777,000 | 91,406,000 | 89,339,000 | 88,876,000 | 88,533,000 | 85,131,000 | 83,442,000 | 83,456,000 | 88,223,000 | 84,474,000 | 87,907,000 | 90,827,000 | 95,436,000 | 91,107,000 | 81,861,000 | 81,922,000 | 75,569,000 | 73,726,000 | 72,207,000 | 70,644,000 | 69,695,000 | 69,067,000 | 68,985,000 | 71,491,000 | 65,551,000 | 62,507,000 | 52,435,000 | 1,855,000 | 64,831,000 | 64,108,000 | 63,688,000 | 64,193,000 | 61,242,000 | 58,017,000 | 57,397,000 | 56,046,000 | 52,791,000 |
general and administrative | 19,364,000 | 22,948,000 | 22,732,000 | 19,929,000 | 19,495,000 | 25,469,000 | 20,890,000 | 20,136,000 | 17,810,000 | 20,838,000 | 15,159,000 | 16,452,000 | 17,480,000 | 16,811,000 | 15,840,000 | 16,585,000 | 14,908,000 | 13,868,000 | 15,810,000 | 15,127,000 | 12,736,000 | 11,978,000 | 11,958,000 | 10,971,000 | 14,978,000 | 14,531,000 | 12,197,000 | 12,338,000 | 12,467,000 | 12,373,000 | 11,759,000 | 12,467,000 | 11,434,000 | 13,075,000 | 13,256,000 | 11,826,000 | 10,835,000 | 13,844,000 | 17,993,000 | 15,824,000 | 13,721,000 | 12,152,000 | 11,722,000 | 11,554,000 | 12,530,000 | 11,994,000 | 9,866,000 | 9,476,000 | 9,920,000 | 10,022,000 | 13,738,000 | 9,379,000 | 10,403,000 | 11,919,000 | 12,918,000 | 10,675,000 | 11,452,000 | 12,046,000 | 9,491,000 | 9,575,000 | 12,015,000 | 8,924,000 | 9,145,000 | 9,855,000 | 17,644,000 | 9,835,000 | 9,931,000 | 9,769,000 | 11,416,000 | 8,720,000 | 9,604,000 | 9,826,000 | 10,217,000 | 7,381,000 | 6,837,000 | 6,764,000 | 7,997,000 | 4,913,000 |
casualty-related charges/(recoveries) | 5,729,000 | 3,248,000 | 1,755,000 | 3,382,000 | 3,297,000 | 6,430,000 | 1,473,000 | 998,000 | 6,278,000 | -224,000 | -1,928,000 | 1,134,000 | 4,156,000 | 8,523,000 | 901,000 | 1,074,000 | -765,000 | -934,000 | 1,568,000 | -2,463,000 | 5,577,000 | 778,000 | 102,000 | 1,251,000 | 1,316,000 | -1,088,000 | 246,000 | 746,000 | 940,000 | 2,056,000 | 1,191,000 | -1,102,000 | 205,000 | 1,629,000 | -45,000 | 541,000 | ||||||||||||||||||||||||||||||||||||||||||
other depreciation and amortization | 3,335,000 | 4,451,000 | 7,009,000 | 7,387,000 | 7,067,000 | 6,381,000 | 4,029,000 | 4,679,000 | 4,316,000 | 4,397,000 | 3,692,000 | 3,681,000 | 3,649,000 | 4,823,000 | 3,430,000 | 3,016,000 | 3,075,000 | 4,713,000 | 3,269,000 | 2,602,000 | 2,601,000 | 2,074,000 | 3,887,000 | 2,027,000 | 2,025,000 | 1,713,000 | 1,619,000 | 1,678,000 | 1,656,000 | 1,684,000 | 1,691,000 | 1,585,000 | 1,567,000 | 1,608,000 | 1,458,000 | 1,526,000 | 1,486,000 | 1,553,000 | 1,899,000 | 1,457,000 | 1,700,000 | 1,623,000 | 2,117,000 | 1,385,000 | 1,193,000 | 1,080,000 | 1,138,000 | 1,146,000 | 1,092,000 | 1,078,000 | 1,017,000 | 918,000 | 919,000 | 983,000 | 986,000 | 1,043,000 | 1,088,000 | 1,224,000 | 1,308,000 | 1,223,000 | 1,431,000 | 858,000 | 1,478,000 | 1,394,000 | 1,853,000 | 1,140,000 | 944,000 | 929,000 | 492,000 | 831,000 | 918,000 | 853,000 | 757,000 | 834,000 | 732,000 | 704,000 | 710,000 | 706,000 |
total operating expenses | 353,460,000 | 350,414,000 | 355,508,000 | 348,010,000 | 347,692,000 | 356,440,000 | 350,304,000 | 346,654,000 | 350,742,000 | 344,332,000 | 332,059,000 | 333,929,000 | 333,366,000 | 335,881,000 | 328,378,000 | 318,431,000 | 309,376,000 | 309,490,000 | 296,600,000 | 275,561,000 | 277,200,000 | 272,101,000 | 279,929,000 | 276,782,000 | 282,527,000 | 260,036,000 | 236,538,000 | 221,665,000 | 218,179,000 | 204,564,000 | 205,292,000 | 205,599,000 | 201,774,000 | 198,331,000 | 193,922,000 | 197,501,000 | 197,126,000 | 196,690,000 | 202,790,000 | 181,217,000 | 176,560,000 | 174,480,000 | 175,241,000 | 173,668,000 | 170,844,000 | 171,529,000 | 160,317,000 | 156,739,000 | ||||||||||||||||||||||||||||||
gain on sale of real estate owned | 157,416,000 | 194,974,000 | 47,939,000 | 16,867,000 | 325,884,000 | 1,000 | 50,829,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 229,805,000 | 277,666,000 | 76,356,000 | 77,389,000 | 122,195,000 | 66,288,000 | 69,856,000 | 68,666,000 | 79,759,000 | 94,249,000 | 78,072,000 | 396,503,000 | 66,184,000 | 89,269,000 | 62,919,000 | 50,736,000 | 47,890,000 | 123,941,000 | 33,170,000 | 35,787,000 | 75,070,000 | 88,257,000 | 30,115,000 | 91,777,000 | 38,954,000 | 44,782,000 | 58,856,000 | 64,925,000 | 52,494,000 | 55,179,000 | 48,013,000 | 45,492,000 | 46,205,000 | 45,510,000 | 49,086,000 | 45,751,000 | 41,660,000 | 38,125,000 | 34,815,000 | 40,201,000 | 39,302,000 | 45,273,000 | 34,308,000 | 33,084,000 | 32,862,000 | 26,510,000 | 31,513,000 | 30,485,000 | -21,102,000 | -14,234,000 | ||||||||||||||||||||||||||||
yoy | 88.06% | 318.88% | 9.30% | 12.70% | 53.21% | -29.67% | -10.52% | -82.68% | 20.51% | 5.58% | 24.08% | 681.50% | 38.20% | -27.97% | 89.69% | 41.77% | -36.21% | 40.43% | 10.14% | -61.01% | 92.71% | 97.08% | -48.83% | 41.36% | -25.79% | -18.84% | 22.58% | 42.72% | 13.61% | 21.25% | -2.19% | -0.57% | 10.91% | 19.37% | 40.99% | 13.81% | 6.00% | -15.79% | 1.48% | 21.51% | 19.60% | 70.78% | 8.87% | 8.53% | ||||||||||||||||||||||||||||||||||
qoq | -17.24% | 263.65% | -1.33% | -36.67% | 84.34% | -5.11% | 1.73% | -13.91% | -15.37% | 20.72% | -80.31% | 499.09% | -25.86% | 41.88% | 24.01% | 5.94% | -61.36% | 273.65% | -7.31% | -52.33% | -14.94% | 193.07% | -67.19% | 135.60% | -13.01% | -23.91% | -9.35% | 23.68% | -4.87% | 14.93% | 5.54% | -1.54% | 1.53% | -7.29% | 7.29% | 9.82% | 9.27% | 9.51% | -13.40% | 2.29% | -13.19% | 31.96% | 3.70% | 0.68% | 23.96% | -15.88% | 3.37% | 48.25% | ||||||||||||||||||||||||||||||
operating margin % | 53.96% | 64.11% | 17.68% | 18.19% | 28.96% | 15.68% | 16.63% | 16.53% | 19.28% | 22.81% | 19.04% | 98.01% | 16.56% | 22.34% | 16.08% | 13.74% | 13.40% | 35.59% | 10.06% | 11.49% | 24.90% | 29.19% | 9.71% | 29.87% | 12.12% | 14.69% | 19.92% | 23.08% | 19.39% | 21.24% | 18.95% | 18.12% | 18.63% | 18.66% | 20.20% | 18.81% | 17.45% | 16.24% | 14.65% | 18.16% | 18.21% | 20.60% | 16.37% | 16.00% | 16.13% | 13.39% | 16.43% | 16.28% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -13.80% | -9.06% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% |
income from unconsolidated entities | 19,696,000 | 4,934,000 | 14,011,000 | 3,629,000 | 5,814,000 | 8,984,000 | -1,880,000 | 4,046,000 | 9,085,000 | 9,697,000 | 9,707,000 | 1,046,500 | 10,003,000 | 5,412,000 | 9,751,000 | 4,922,000 | -1,426,000 | 11,198,000 | 4,072,250 | 15,285,000 | 325,000 | 679,000 | 15,319,250 | 2,691,000 | -573,000 | 59,159,000 | -428,000 | -3,565,000 | -1,348,000 | -1,332,000 | -1,447,000 | -835,000 | -1,185,000 | -737,000 | -478,000 | -16,742,000 | -728,000 | -717,000 | ||||||||||||||||||||||||||||||||||||||||
interest expense | -48,576,000 | -49,684,000 | -50,569,000 | -48,665,000 | -47,701,000 | -49,625,000 | -50,214,000 | -47,811,000 | -48,062,000 | -47,347,000 | -44,664,000 | -45,113,000 | -43,742,000 | -43,247,000 | -39,905,000 | -36,832,000 | -35,916,000 | -36,418,000 | -36,289,000 | -35,404,000 | -78,156,000 | -62,524,000 | -62,268,000 | -38,597,000 | -39,317,000 | -60,435,000 | -42,523,000 | -34,417,000 | -33,542,000 | -31,598,000 | -29,943,000 | -30,095,000 | -33,866,000 | -30,539,000 | -29,295,000 | -31,954,000 | -30,678,000 | -31,104,000 | -33,170,000 | -30,232,000 | -29,673,000 | -28,800,000 | -32,792,000 | -33,087,000 | -31,691,000 | -32,884,000 | -30,803,000 | -30,981,000 | ||||||||||||||||||||||||||||||
interest income and other income | 2,434,000 | 5,406,000 | 3,714,000 | 8,134,000 | 1,921,000 | -30,858,000 | 6,159,000 | 6,498,000 | 5,865,000 | 10,447,000 | 1,010,000 | -1,733,500 | -7,495,000 | -2,440,000 | 2,536,000 | 2,057,000 | 515,000 | 427,000 | 362,250 | 478,000 | 540,000 | 431,000 | 286,000 | 402,000 | 382,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 203,359,000 | 238,322,000 | 43,512,000 | 40,487,000 | 82,229,000 | -5,211,000 | 23,921,000 | 31,399,000 | 46,647,000 | 371,534,000 | 33,159,000 | 11,536,000 | 25,522,000 | 14,946,000 | 12,670,000 | 3,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit | -455,000 | -37,000 | -382,000 | -258,000 | -158,000 | -312,000 | 156,000 | -386,000 | -337,000 | -1,351,000 | -234,000 | -258,000 | -377,000 | -343,000 | -135,000 | -619,000 | -366,000 | -332,000 | 177,750 | -94,000 | 402,000 | 403,000 | 615,500 | 633,000 | 1,404,000 | 425,000 | 2,190,000 | 3,329,000 | 2,683,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net income | 202,904,000 | 238,285,000 | 43,130,000 | 40,229,000 | 82,071,000 | -5,523,000 | 24,077,000 | 31,013,000 | 46,310,000 | 370,183,000 | 32,925,000 | 11,278,000 | 25,145,000 | 14,603,000 | 12,535,000 | 3,274,000 | 11,062,000 | 28,396,000 | 15,158,500 | 29,466,000 | 19,564,000 | 11,604,000 | 44,999,000 | 13,695,000 | 89,884,000 | 76,417,000 | 31,086,000 | 19,012,000 | 5,354,000 | -309,000 | 58,314,500 | -9,676,000 | 156,306,000 | 86,628,000 | -10,822,000 | -8,373,000 | 865,000 | 725,259,000 | 103,991,000 | 78,829,000 | 6,696,000 | 31,832,000 | 25,060,000 | 59,352,000 | 32,184,000 | 12,007,000 | 72,648,000 | 15,135,000 | ||||||||||||||||||||||||||||||
yoy | 147.23% | -4414.41% | 79.13% | 29.72% | 77.22% | -91.62% | 40.65% | 125.47% | 346.03% | -43.46% | 144.71% | -66.31% | 115.16% | -78.23% | -84.81% | 189.15% | 301.94% | -46.69% | -296.49% | -96.57% | -100.36% | -110.41% | -110.62% | -87.08% | 2178.40% | 314.97% | 32.82% | -79.19% | 165.11% | -65.50% | 292.15% | |||||||||||||||||||||||||||||||||||||||||||||||
qoq | -14.85% | 452.48% | 7.21% | -50.98% | -1585.99% | -122.94% | -22.36% | -33.03% | 1024.32% | 191.94% | -55.15% | 282.86% | -61.04% | 87.33% | -48.56% | 50.61% | 68.60% | -74.21% | 228.58% | -84.76% | 17.62% | 63.51% | 255.10% | -1832.69% | -100.53% | -702.67% | -106.19% | 80.43% | 29.25% | -1067.98% | -99.88% | 597.42% | 31.92% | 1077.26% | -78.96% | 27.02% | -57.78% | 84.41% | 168.04% | -83.47% | 380.00% | |||||||||||||||||||||||||||||||||||||
net income margin % | 47.65% | 55.02% | 9.99% | 9.46% | 19.45% | -1.31% | 5.73% | 7.47% | 11.20% | 0% | 0% | 91.51% | 8.24% | 2.82% | 6.43% | 0% | 4.09% | 0% | 0% | 4.03% | 1.09% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4.46% | 11.65% | 6.24% | 12.11% | 8.19% | 4.94% | 18.94% | 6.19% | 41.64% | 34.77% | 0% | 0% | 15.26% | 9.60% | 2.79% | -0.17% | 31.28% | -5.19% | 86.50% | 49.24% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -7.08% | -5.33% | 0.58% | 553.28% | -286.11% | 42.97% | 3.74% | 17.53% | 13.87% | 33.18% | 18.39% | Infinity% | Infinity% | Infinity% |
net loss attributable to redeemable noncontrolling interests in the operating partnership and downreit partnership | -13,061,000 | -15,372,000 | -2,709,000 | -2,545,000 | -5,339,000 | 490,000 | -1,574,000 | -2,013,000 | -3,149,000 | -22,630,000 | -1,953,000 | -671,000 | -1,533,000 | -879,000 | -807,000 | -154,000 | -854,000 | -2,338,000 | -1,243,500 | -2,459,000 | -1,610,000 | -905,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | -12,000 | -11,000 | -12,000 | -11,000 | -12,000 | -11,000 | 94,000 | -117,000 | -12,000 | -8,000 | -8,000 | -8,500 | -7,000 | -19,000 | -8,000 | -16,000 | -51,000 | -91,000 | -91,250 | -51,000 | -8,000 | -306,000 | -1,500 | 1,000 | -7,000 | -2,000 | -4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to udr, inc. | 189,831,000 | 222,902,000 | 40,409,000 | 37,673,000 | 76,720,000 | -5,044,000 | 22,597,000 | 28,883,000 | 43,149,000 | 347,545,000 | 30,964,000 | 10,598,500 | 23,605,000 | 13,705,000 | 11,720,000 | 3,104,000 | 10,157,000 | 25,967,000 | 13,823,750 | 26,956,000 | 17,946,000 | 10,393,000 | 43,492,000 | 13,291,000 | 86,855,000 | 73,822,000 | 30,007,000 | 18,361,000 | 5,192,000 | -268,000 | 56,119,250 | -9,031,000 | 150,352,000 | 83,156,000 | -27,875,000 | -18,610,750 | -23,766,000 | -26,621,000 | -24,056,000 | -12,058,000 | -12,629,000 | |||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders — series e | -1,220,000 | -1,211,000 | -1,211,000 | -1,211,000 | -1,206,000 | -1,197,000 | -1,197,000 | -1,210,000 | -1,231,000 | -1,222,000 | -1,221,000 | -1,222,000 | -1,183,000 | -1,105,000 | -1,106,000 | -1,109,000 | -1,092,000 | -1,058,000 | -1,058,000 | -1,057,000 | -1,056,000 | -1,051,000 | -1,051,000 | -1,062,000 | -1,066,000 | -1,031,000 | -1,031,000 | -1,031,000 | -1,011,000 | -971,000 | -955,000 | -926,000 | -929,000 | -929,000 | -930,000 | -929,000 | -929,000 | -929,000 | -930,000 | -930,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -932,000 | -932,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -932,000 | -931,000 | -931,000 | -931,000 | -931,000 | -932,000 | -931,000 | |||
net income attributable to common stockholders | 188,611,000 | 221,691,000 | 39,198,000 | 36,462,000 | 75,514,000 | -6,241,000 | 21,400,000 | 27,673,000 | 41,918,000 | 346,323,000 | 29,781,000 | 9,771,750 | 22,499,000 | 12,613,000 | 10,663,000 | 2,048,000 | 9,228,000 | 25,038,000 | 13,127,000 | 26,027,000 | 17,017,000 | 9,464,000 | 42,794,000 | 12,361,000 | 85,924,000 | 72,891,000 | 29,076,000 | 17,430,000 | 4,261,000 | -1,199,000 | 54,151,750 | -9,962,000 | 145,721,000 | 80,848,000 | -30,243,000 | -20,384,250 | -26,134,000 | -28,968,000 | -26,435,000 | |||||||||||||||||||||||||||||||||||||||
income per weighted-average common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 580 | 670 | 120 | 110 | 230 | -20 | 60 | 80 | 130 | 1,050 | 90 | 30 | 70 | 40 | 40 | 10 | 0.03 | 0.09 | 0.05 | 0.1 | 0.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 570 | 670 | 120 | 110 | 230 | -20 | 60 | 80 | 130 | 1,050 | 90 | 30 | 70 | 40 | 40 | 10 | 0.03 | 0.09 | 0.05 | 0.1 | 0.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 327,301,000 | 330,322,000 | 330,668,000 | 330,778,000 | 330,628,000 | 329,290,000 | 329,421,000 | 329,056,000 | 328,823,000 | 328,765,000 | 328,760,000 | 328,957,000 | 328,789,000 | 321,671,000 | 324,701,000 | 318,351,000 | 318,009,000 | 300,326,000 | 297,828,000 | 296,589,000 | 296,537,000 | 294,545,000 | 294,713,000 | 294,710,000 | 294,457,000 | 285,247,000 | 288,706,000 | 281,960,000 | 277,002,000 | 267,311 | 267,546 | 267,056 | 266,972 | 266,790 | 265,386,000 | 266,301 | 266,268 | |||||||||||||||||||||||||||||||||||||||||
diluted | 330,294,000 | 331,053,000 | 331,241,000 | 331,715,000 | 331,717,000 | 330,116,000 | 330,557,000 | 329,572,000 | 328,954,000 | 329,104,000 | 329,201,000 | 332,480,000 | 329,421,000 | 322,700,000 | 325,686,000 | 319,572,000 | 319,680,000 | 301,703,000 | 301,164,000 | 297,542,000 | 297,026,000 | 294,927,000 | 295,003,000 | 295,087,000 | 295,160,000 | 286,015,000 | 289,529,000 | 282,575,000 | 277,557,000 | 268,890 | 269,208 | 269,062 | 268,859 | 268,688 | 267,311,000 | 268,305 | 268,174 | |||||||||||||||||||||||||||||||||||||||||
gain/(loss) on sale of real estate owned | 81,471,250 | 85,223,000 | 57,974,000 | 61,303,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from unconsolidated entities | 6,228,000 | 5,508,000 | -11,229,000 | 36,523,000 | 14,450,000 | 4,516,000 | 2,940,000 | 8,021,000 | 3,367,000 | 118,486,000 | 12,713,000 | 6,625,000 | 49,000 | -2,032,000 | -1,677,000 | 1,819,000 | -2,074,000 | -939,000 | 515,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income and other income/(expense) | 2,097,000 | -3,069,000 | 3,001,000 | 2,254,000 | 8,238,000 | -1,030,000 | 2,183,000 | 2,421,000 | 2,700,000 | 2,406,000 | 1,875,000 | 1,310,000 | 9,813,000 | 1,128,000 | 2,759,000 | 481,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) before income taxes | 110,135,000 | 35,847,000 | 5,676,000 | 126,300,000 | 19,569,000 | 29,219,000 | -27,030,000 | 63,622,000 | 5,704,000 | 105,239,000 | 30,921,000 | 38,443,000 | 28,814,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax (provision)/benefit | -503,250 | -428,000 | -312,000 | -156,000 | -529,000 | -668,000 | -187,000 | -1,526,000 | -164,000 | -2,000 | -1,499,000 | -125,000 | -2,212,000 | -233,000 | -227,000 | -127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/ | 109,631,750 | 35,419,000 | 5,364,000 | 126,144,000 | 19,040,000 | 28,551,000 | -27,217,000 | 62,096,000 | 5,540,000 | 105,237,000 | 29,422,000 | 38,318,000 | 26,602,000 | 22,444,000 | 89,225,000 | 17,570,000 | 67,752,000 | 41,992,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (income)/loss attributable to redeemable noncontrolling interests in the operating partnership and downreit partnership | -6,784,250 | -2,554,000 | -272,000 | -8,652,000 | -1,260,000 | -1,929,000 | 1,990,000 | -4,291,000 | -313,000 | -7,555,000 | -2,162,000 | -2,652,000 | -2,057,000 | -1,813,000 | -7,390,000 | -1,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (income)/loss attributable to noncontrolling interests | -5,750 | -7,000 | -8,000 | -31,000 | -49,000 | -90,000 | -31,000 | -34,000 | -6,000 | -43,000 | -56,000 | -47,000 | -42,000 | -30,000 | -79,000 | 35,000 | 5,000 | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) attributable to udr, inc. | 102,841,750 | 32,858,000 | 5,084,000 | 117,461,000 | 17,731,000 | 26,532,000 | -25,258,000 | 57,771,000 | 5,221,000 | 97,639,000 | 27,204,000 | 35,619,000 | 24,503,000 | 20,601,000 | 81,756,000 | 16,190,000 | 65,417,000 | 40,549,000 | 14,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) attributable to common stockholders | 101,935,250 | 31,637,000 | 3,975,000 | 116,403,000 | 16,673,000 | 25,481,000 | -26,309,000 | 56,709,000 | 4,155,000 | 96,608,000 | 26,173,000 | 34,588,000 | 23,492,000 | 19,630,000 | 80,801,000 | 15,264,000 | 64,486,000 | 39,618,000 | 12,149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) per weighted-average common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 310 | 100 | 10 | 390 | 60 | 80 | -90 | 190 | 10 | 330 | 90 | 120 | 80 | 0.07 | 0.3 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 310 | 100 | 10 | 380 | 60 | 80 | -90 | 190 | 10 | 330 | 90 | 120 | 80 | 0.07 | 0.3 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) before income taxes and gain/(loss) on sale of real estate owned | 22,677,000 | 19,152,000 | 17,697,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from continuing operations | 22,444,000 | 18,925,000 | 17,570,000 | 6,485,000 | 10,611,000 | 5,354,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain/(loss) on sale of real estate owned, net of tax | 70,300,000 | 61,267,000 | 31,302,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common distributions declared per share | 0.323 | 0.323 | 0.31 | 0.31 | 0.31 | 0.221 | 0.295 | 0.295 | 0.295 | 0.208 | 0.278 | 0.278 | 0.278 | 0.195 | 0.26 | 0.26 | 0.26 | 0.235 | 0.235 | 0.165 | 0.22 | 0.22 | 0.22 | 0.215 | 0.2 | 0.2 | 0.185 | 0.185 | 0.185 | 0.18 | 0.18 | 0.185 | 0.18 | 0.18 | 0.305 | 1.12 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.313 | 0.313 | 0.313 | 0.313 | 0.3 | 0.3 | |||||||||||||||||||||||||||||
income before income taxes and gain on sale of real estate owned | 11,428,000 | 26,596,000 | 12,384,500 | 29,560,000 | 11,847,000 | 8,131,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 11,062,000 | 26,264,000 | 12,562,250 | 29,466,000 | 12,249,000 | 8,534,000 | 25,238,500 | 13,695,000 | 10,842,000 | 76,417,000 | 4,359,000 | -5,195,000 | -309,000 | 1,741,000 | -29,909,000 | -29,627,000 | -29,366,000 | -28,745,000 | -27,837,000 | -24,985,000 | -17,081,000 | -40,356,000 | -14,713,000 | -12,487,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate owned, net of tax | 2,132,000 | 2,596,250 | 7,315,000 | 3,070,000 | 19,760,500 | 79,042,000 | 26,709,000 | 24,294,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
casualty-related (recoveries)/charges | 502,000 | 843,000 | 996,000 | 41,000 | 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per weighted-average common share — basic: | 40 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per weighted-average common share — diluted: | 40 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding — basic | 262,456 | 258,669,000 | 259,114 | 257,849 | 256,834 | 251,655 | 250,255 | 250,177 | 249,985 | 165,857 | 165,403 | 160,886 | 149,090 | 150,000 | 149,444 | 147,614 | 140,982 | 126,845 | 127,436 | 131,665 | 134,016 | 134,511 | 133,732 | 133,589 | 136,143 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding — diluted | 264,285 | 263,752,000 | 261,207 | 262,806 | 258,662 | 253,732 | 252,191 | 251,822 | 251,406 | 165,857 | 165,403 | 160,886 | 149,090 | 150,000 | 149,444 | 147,614 | 140,982 | 126,845 | 127,436 | 131,665 | 134,016 | 134,511 | 133,732 | 133,589 | 137,013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes, discontinued operations, and gain on sale of real estate owned | 24,623,000 | 13,062,000 | 9,438,000 | 75,992,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | 18,000 | -87,000 | 156,000 | -1,133,000 | 179,429,000 | 84,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before gain on sale of real estate owned | 25,238,500 | 13,695,000 | 10,842,000 | 76,417,000 | 4,377,000 | -5,282,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to redeemable noncontrolling interests in the operating partnership | -1,505,500 | -405,000 | -3,029,000 | -2,588,000 | -1,077,000 | -647,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to common stockholders | 165 | 50 | 330 | 280 | 120 | 70 | -170 | -170 | -170 | -180 | -180 | -170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 360,000 | 1,426,000 | 1,415,000 | 1,446,000 | 1,016,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income/(expense) | -44,000 | 9,061,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) before income taxes and discontinued operations | 441,000 | 8,119,000 | 2,671,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit/(expense) | 2,002,750 | 2,492,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from discontinued operations, net of tax | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) before gain/(loss) on sale of real estate owned | 6,485,000 | 10,690,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (income)/loss attributable to redeemable noncontrolling interests in the operating partnership | -2,340,000 | -1,447,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) per weighted-average common share — basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from continuing operations attributable to common stockholders | 260 | 160 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from discontinued operations attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) per weighted-average common share — diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and discontinued operations | 2,169,000 | -8,524,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hurricane-related (recoveries)/charges | -2,772,000 | -3,021,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to redeemable noncontrolling interests in op | -159,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | -3,000 | -4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders — series g | -909,000 | -1,377,000 | -1,377,000 | -1,377,000 | -1,396,000 | -1,437,000 | -1,437,000 | -1,436,000 | -1,441,000 | -1,448,000 | -1,581,000 | -1,869,000 | -1,869,000 | -1,869,000 | -1,869,000 | -1,989,000 | -2,278,000 | -2,278,000 | -2,253,000 | -2,328,000 | -785,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium on preferred stock redemptions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated entities | -2,802,000 | -1,455,500 | -719,000 | -2,412,000 | -2,691,000 | -2,092,000 | -1,580,000 | -326,000 | -1,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before income taxes and discontinued operations | -2,282,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit of taxable reit subsidiary | 1,973,000 | 1,628,000 | 2,960,000 | 2,818,000 | 22,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to redeemable noncontrolling interests in op | 45,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per weighted-average common share — basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations attributable to common stockholders | -50 | -40 | -140 | -20 | -130 | -130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -20 | 770 | 380 | -58,197,340 | 11,810,000 | 44,818,000 | 971,000 | 49,000 | 4,140,000 | 197,000 | -41,000 | -62,000 | 601,000 | 2,053,000 | -168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding — basic and diluted | 249,917 | 238,851,000 | 249,825 | 234,031 | 221,500 | 201,294 | 213,816 | 190,479 | 182,531 | 156,131 | 133,854 | 134,727 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-property income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 3,974,000 | 4,555,000 | 3,223,000 | 3,683,000 | 4,802,000 | 5,229,000 | 2,855,000 | 4,536,000 | 6,776,000 | 2,195,000 | 2,056,000 | 3,320,000 | 1,753,000 | 1,627,000 | 3,958,000 | 5,024,000 | 161,000 | 10,798,000 | 9,324,000 | 5,518,000 | 1,174,000 | 372,000 | 697,000 | 477,000 | 437,000 | 451,000 | 724,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
personnel | 13,484,000 | 14,479,000 | 13,660,000 | 13,509,000 | 12,486,000 | 14,575,000 | 15,439,000 | 14,821,000 | 15,174,000 | 14,787,000 | 14,086,000 | 13,533,000 | 13,344,000 | 13,049,000 | 12,782,000 | 12,633,000 | 12,598,000 | 12,542,000 | 11,890,000 | 11,642,000 | -8,063,000 | 16,593,000 | 16,606,000 | 18,254,000 | 17,709,000 | 17,197,000 | 17,477,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
utilities | 9,231,000 | 9,641,000 | 8,676,000 | 9,365,000 | 9,391,000 | 10,185,000 | 9,122,000 | 9,050,000 | 8,717,000 | 9,097,000 | 7,951,000 | 8,710,000 | 7,794,000 | 8,207,000 | 7,350,000 | 8,367,000 | 7,640,000 | 7,977,000 | 6,705,000 | 6,979,000 | -3,992,000 | 10,519,000 | 8,512,000 | 11,263,000 | 10,112,000 | 10,006,000 | 9,396,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
repair and maintenance | 8,389,000 | 8,660,000 | 9,350,000 | 7,984,000 | 8,348,000 | 10,575,000 | 9,594,000 | 9,003,000 | 9,603,000 | 9,737,000 | 8,516,000 | 7,912,000 | 8,274,000 | 8,315,000 | 7,899,000 | 7,209,000 | 8,055,000 | 8,219,000 | 7,363,000 | 6,696,000 | -3,608,000 | 10,881,000 | 10,011,000 | 10,350,000 | 10,566,000 | 11,287,000 | 9,707,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
administrative and marketing | 4,418,000 | 4,059,000 | 3,921,000 | 3,531,000 | 3,638,000 | 3,684,000 | 4,317,000 | 3,975,000 | 4,433,000 | 4,165,000 | 3,999,000 | 3,850,000 | 4,046,000 | 3,636,000 | 3,584,000 | 3,333,000 | 4,572,000 | 3,551,000 | 3,279,000 | 3,238,000 | -1,876,000 | 5,087,000 | 5,037,000 | 4,883,000 | 5,571,000 | 5,474,000 | 5,483,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
interest: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expense incurred | 30,660,000 | 31,837,000 | 37,399,000 | 39,173,000 | 38,863,000 | 39,617,000 | 37,381,000 | 35,588,000 | 36,869,000 | 37,307,000 | 35,987,000 | 35,899,000 | 35,586,000 | 33,909,000 | 35,376,000 | 36,509,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of convertible debt discount | 359,000 | 359,000 | 359,000 | 776,000 | 859,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other debt charges/(benefits) | -69,250 | 8,000 | 4,143,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 198,401,000 | 197,105,000 | 204,227,000 | 194,369,000 | 203,846,000 | 216,565,000 | 208,183,000 | 197,351,000 | 202,688,000 | 189,900,000 | 182,548,000 | 179,132,000 | 178,794,000 | 175,538,000 | 169,786,000 | 168,126,000 | 173,981,000 | 171,323,000 | 145,435,000 | 41,770,000 | 190,235,000 | 184,933,000 | 190,445,000 | 190,302,000 | 186,162,000 | 179,430,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | -11,982,000 | -10,784,000 | -23,529,000 | -18,444,000 | -29,460,000 | -24,016,000 | -28,561,000 | -28,295,000 | -27,919,000 | -27,910,000 | -26,571,000 | -24,183,000 | -24,999,000 | -23,600,000 | -13,985,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -7,481,250 | -8,543,000 | -23,123,000 | -25,905,000 | -25,596,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to redeemable non-controlling interests in op | -2,161,000 | 687,000 | -5,911,000 | -3,420,000 | -1,587,000 | 581,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interests | -3,000 | -42,000 | -43,000 | -52,000 | -33,000 | -46,000 | -37,000 | -51,000 | -2,974,000 | 839,000 | 1,019,000 | 970,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium on preferred stock redemption or repurchases | -697,750 | -2,791,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per weighted-average common share — basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 27,464,500 | 37,361,000 | 36,706,000 | 35,791,000 | 41,602,000 | 46,110,000 | 42,758,000 | 44,194,000 | 44,236,000 | 47,148,000 | 46,093,000 | 44,094,000 | 43,161,000 | 41,331,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other debt (benefits)/charges | -4,428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other debt charges | 1,013,000 | -7,000 | 40,000 | 4,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net incomes | -6,883,250 | -13,786,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to udr, inc. | -6,618,750 | -13,251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(premium)/discount on preferred stock repurchases | -175,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -8,413,250 | -15,559,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net income/ | 14,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (income)/loss attributable to redeemable non-controlling interests in op | -221,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net income | -28,656,000 | -19,317,750 | -24,605,000 | -27,640,000 | -25,026,000 | -12,660,000 | -13,423,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to redeemable non-controlling interests in op | 832,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per weighted-average common share — basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per weighted-average common share — diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(gain) on debt extinguishment | 83,000 | 91,000 | 1,030,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses related to tender offer | 3,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storm related (income)/expenses | 167,250 | -52,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount on preferred stock repurchases | 25,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of convertible debt premium | 928,000 | 967,000 | 829,000 | 967,000 | 1,053,000 | 1,296,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storm related expenses | 721,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax expense for taxable reit subsidiary | -81,000 | -65,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on debt extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hurricane related expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax (expense)/benefit for taxable reit subsidiary | -246,000 | -14,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net (loss)/income | -25,785,000 | -39,755,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(income) attributable to non-controlling interests | 916,000 | 1,779,000 | 602,000 | 794,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income attributable to udr, inc. | -24,869,000 | -37,976,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income attributable to common stockholders | -24,795,000 | -40,776,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available to common stockholders | -125 | -270 | -110 | -100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on debt extinguishment | -2,736,000 | -7,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit/(expense) for trs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | -14,858,000 | -15,429,000 | -13,622,000 | -8,237,000 | -2,344,000 | 722,050,000 | 100,806,000 | 75,570,000 | 811,000 | 27,990,000 | 21,217,000 | 55,510,000 | 28,342,000 | 8,165,000 | 68,805,000 | 11,293,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit for the trs | -51,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before discontinued operations | -13,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | 208,250 | 833,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests of outside partnerships | -66,000 | -39,000 | -38,000 | -59,000 | -40,000 | -45,000 | -37,000 | -30,000 | -16,000 | -19,000 | 22,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests of unitholders in operating partnerships | 1,529,000 | 860,000 | 468,000 | 1,126,000 | -1,779,000 | 587,000 | 707,000 | 724,000 | 682,000 | 773,000 | 508,000 | 468,000 | -19,000 | 55,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before discontinued operations, net of minority interests | -9,988,750 | -15,310,000 | -11,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of minority interests | -570,000 | 6,937,000 | 12,225,000 | 738,544,000 | 70,127,000 | 85,085,000 | 12,031,000 | 39,961,000 | 34,022,000 | 65,893,000 | 36,163,000 | 15,359,000 | 68,493,000 | 11,952,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders — series b | -1,908,000 | -2,911,000 | -2,911,000 | -2,911,000 | -2,911,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount/(premium) on preferred stock repurchases | 3,056,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations available to common stockholders, net of minority interests | -90 | -110 | -120 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before minority interests and discontinued operations | -11,790,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium on preferred stock repurchases | -2,261,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests and discontinued operations | -14,352,000 | -78,116,000 | -6,798,000 | -6,005,000 | -8,823,000 | -3,804,000 | 4,193,000 | 3,106,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before discontinued operations, net of minority interests | -13,285,000 | 33,864,000 | -6,256,000 | -5,335,000 | -8,129,000 | -3,352,000 | 4,155,000 | 3,183,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available to common stockholders, net of minority interests | -130 | 230 | -70 | -80 | -90 | -100 | -70 | -60 | -50 | -10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of technology investment | 796,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-property income | 437,000 | 1,247,000 | 724,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early debt retirement | -123,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders—series b | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders—series e | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per weighted-average common share—basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding—basic | 133,712 | 133,676 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding—diluted | 133,712 | 133,676 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders — series d | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium on preferred stock conversions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | 136,392,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 2018-06-30 | 2018-03-31 | 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 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate owned: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate held for investment | 16,116,838,000 | 16,415,000,000 | 16,348,713,000 | 16,270,190,000 | 16,022,078,000 | 15,994,794,000 | 16,152,262,000 | 16,070,591,000 | 15,865,033,000 | 15,757,456,000 | 15,779,481,000 | 15,340,416,000 | 15,565,915,000 | 15,365,928,000 | 15,075,552,000 | 14,872,687,000 | 14,374,944,000 | 14,352,234,000 | 13,902,872,000 | 13,325,599,000 | 12,852,700,000 | 12,706,940,000 | 12,533,801,000 | 12,643,851,000 | 12,608,022,000 | 12,532,324,000 | 11,542,550,000 | 11,011,516,000 | 10,680,555,000 | 9,940,707,000 | 9,558,744,000 | 9,456,293,000 | 9,423,191,000 | 9,393,732,000 | 9,271,847,000 | 8,984,369,000 | 9,073,474,000 | 9,000,652,000 | 9,053,599,000 | 8,162,463,000 | 8,332,634,000 | 8,256,995,000 | 8,205,627,000 | 8,106,684,000 | 7,957,185,000 | 8,075,799,000 | 7,582,981,000 | 7,729,300,000 | 7,564,780,000 | 7,495,985,000 | 7,479,239,000 | 7,372,080,000 | 7,825,725,000 | 7,988,133,000 | 7,141,505,000 | 6,542,227,000 | 6,783,435,000 | 6,758,458,000 | 6,251,365,000 | 6,115,026,000 | 5,995,290,000 | 5,835,852,000 | 5,720,069,000 | 5,693,789,000 | 5,644,930,000 | 5,555,281,000 | 4,977,957,000 | 4,757,850,000 | 4,131,881,000 | 5,536,554,000 | 5,480,288,000 | 5,642,942,000 | 5,559,156,000 | 5,414,298,000 | 5,372,252,000 | 5,275,689,000 | 5,360,106,000 | 5,215,424,000 |
less: accumulated depreciation | -7,378,368,000 | -7,374,546,000 | -7,320,363,000 | -7,157,371,000 | -6,996,685,000 | -6,836,920,000 | -6,739,674,000 | -6,572,743,000 | -6,407,092,000 | -6,242,686,000 | -6,117,312,000 | -5,951,557,000 | -5,926,651,000 | -5,762,205,000 | -5,594,600,000 | -5,443,351,000 | -5,288,902,000 | -5,136,589,000 | -4,983,109,000 | -4,871,124,000 | -4,729,702,000 | -4,590,577,000 | -4,467,108,000 | -4,372,321,000 | -4,231,269,000 | -4,131,330,000 | -4,000,608,000 | -3,878,897,000 | -3,764,099,000 | -3,518,824,000 | -3,407,025,000 | -3,235,851,000 | -3,131,603,000 | -3,026,660,000 | -2,923,072,000 | -2,849,902,000 | -2,842,273,000 | -2,743,461,000 | -2,646,044,000 | -2,557,490,000 | -2,557,949,000 | -2,521,958,000 | -2,434,772,000 | -2,378,520,000 | -2,290,008,000 | -2,273,360,000 | -2,070,403,000 | -2,006,349,000 | -1,923,429,000 | -1,842,520,000 | -1,769,530,000 | -1,687,908,000 | -1,831,157,000 | -1,794,150,000 | -1,726,258,000 | -1,647,033,000 | -1,638,326,000 | -1,560,239,000 | -1,488,706,000 | -1,414,593,000 | -1,350,067,000 | -1,284,227,000 | -1,214,447,000 | -1,146,487,000 | -1,078,637,000 | -999,679,000 | -935,369,000 | -874,645,000 | -822,831,000 | -1,368,335,000 | -1,308,407,000 | -1,300,634,000 | -1,238,392,000 | -1,164,077,000 | -1,123,119,000 | |||
real estate under development | 91,742,000 | 72,885,000 | 52,749,000 | 41,108,000 | 33,535,000 | 126,144,000 | 160,220,000 | 139,143,000 | 108,432,000 | 76,455,000 | 189,809,000 | 366,200,000 | 399,029,000 | 457,160,000 | 388,062,000 | 331,200,000 | 286,543,000 | 242,881,000 | 246,867,000 | 197,313,000 | 131,585,000 | 95,245,000 | 69,754,000 | 21,845,000 | 335,665,000 | 644,207,000 | 532,580,000 | 465,301,000 | 393,837,000 | 342,282,000 | 294,844,000 | 238,938,000 | 196,402,000 | 124,072,000 | 104,080,000 | 92,645,000 | 196,511,000 | 177,632,000 | 321,094,000 | 275,819,000 | 222,601,000 | 432,461,000 | 451,683,000 | 489,795,000 | 355,465,000 | 282,006,000 | 225,817,000 | 248,176,000 | 192,815,000 | 157,301,000 | 112,537,000 | 97,912,000 | 94,249,000 | 153,208,000 | 237,923,000 | 318,531,000 | 232,957,000 | 248,335,000 | 209,040,000 | 186,771,000 | 121,557,000 | 327,564,000 | 349,454,000 | 345,037,000 | 320,898,000 | 258,429,000 | 177,463,000 | 203,786,000 | 161,580,000 | 202,972,000 | 129,235,000 | 117,328,000 | 102,982,000 | |||||
total real estate owned, net of accumulated depreciation | 8,830,212,000 | 9,113,339,000 | 9,081,099,000 | 9,153,927,000 | 9,058,928,000 | 9,312,337,000 | 9,412,588,000 | 9,497,848,000 | 9,584,085,000 | 9,756,029,000 | 9,801,312,000 | 9,497,291,000 | 9,715,719,000 | 9,807,571,000 | 9,862,171,000 | 9,828,365,000 | 9,543,202,000 | 9,603,707,000 | 9,290,028,000 | 8,741,018,000 | 8,365,879,000 | 8,466,106,000 | 8,348,249,000 | 8,403,115,000 | 8,545,527,000 | 8,470,748,000 | 7,563,787,000 | 7,132,619,000 | 6,916,456,000 | 6,757,548,000 | 6,795,926,000 | 6,753,022,000 | 6,756,889,000 | 6,760,909,000 | 6,692,128,000 | 6,480,363,000 | 6,470,139,000 | 6,485,337,000 | 6,543,402,000 | 5,825,473,000 | 5,867,330,000 | 5,931,548,000 | 5,948,487,000 | 6,049,258,000 | 5,997,529,000 | 6,035,192,000 | 5,945,039,000 | 6,174,634,000 | 6,131,146,000 | 6,008,930,000 | 5,991,715,000 | 6,189,374,000 | 6,242,744,000 | 6,423,164,000 | 5,572,548,000 | 5,200,271,000 | 5,243,021,000 | 5,292,468,000 | 4,915,867,000 | 4,938,356,000 | 4,963,754,000 | 4,784,582,000 | 4,753,957,000 | 4,756,342,000 | 4,753,064,000 | 4,716,159,000 | 4,415,171,000 | 4,288,095,000 | 4,580,782,000 | 4,530,415,000 | 4,643,769,000 | 4,595,637,000 | 4,566,395,000 | 4,550,850,000 | 4,607,936,000 | 4,390,654,000 | 4,388,595,000 | 4,300,217,000 |
cash and cash equivalents | 1,300,000 | 1,222,000 | 1,194,000 | 1,532,000 | 1,250,000 | 1,326,000 | 2,285,000 | 2,770,000 | 2,116,000 | 2,922,000 | 1,624,000 | 1,544,000 | 1,172,000 | 1,193,000 | 1,532,000 | 921,000 | 895,000 | 967,000 | 1,063,000 | 3,370,000 | 1,172,000 | 1,409,000 | 927,000 | 833,000 | 980,000 | 8,106,000 | 1,895,000 | 981,000 | 1,043,000 | 1,055,000 | 1,083,000 | 1,788,000 | 1,411,000 | 2,460,000 | 2,112,000 | 3,301,000 | 5,167,000 | 3,668,000 | 6,742,000 | 1,321,000 | 2,990,000 | 6,274,000 | 15,224,000 | 14,605,000 | 26,816,000 | 15,891,000 | 9,035,000 | 7,121,000 | 12,115,000 | 82,377,000 | 184,112,000 | 3,558,000 | 12,503,000 | 13,482,000 | 21,634,000 | 11,692,000 | 9,486,000 | 10,107,000 | 8,074,000 | 19,920,000 | 5,985,000 | 24,954,000 | 4,983,000 | 37,132,000 | 12,740,000 | 2,861,000 | 1,412,000 | 60,187,000 | 3,219,000 | 2,353,000 | 2,928,000 | 1,676,000 | 2,143,000 | 28,748,000 | 6,290,000 | 36,336,000 | 15,543,000 | 5,480,000 |
restricted cash | 33,498,000 | 35,710,000 | 35,052,000 | 33,577,000 | 32,071,000 | 34,101,000 | 33,267,000 | 31,616,000 | 29,850,000 | 31,944,000 | 30,831,000 | 28,837,000 | 28,038,000 | 29,001,000 | 28,363,000 | 27,768,000 | 26,032,000 | 27,451,000 | 28,170,000 | 32,700,000 | 33,428,000 | 22,762,000 | 23,273,000 | 22,043,000 | 21,949,000 | 25,185,000 | 21,646,000 | 23,042,000 | 23,111,000 | 29,857,000 | 19,770,000 | 20,413,000 | 19,602,000 | 19,757,000 | 19,994,000 | 21,233,000 | 20,524,000 | 21,030,000 | 20,798,000 | 23,722,000 | 22,912,000 | 23,266,000 | 22,340,000 | 23,969,000 | 23,334,000 | 23,131,000 | 24,843,000 | 24,628,000 | 23,561,000 | 25,091,000 | 24,580,000 | 24,218,000 | 24,634,000 | 19,641,000 | 20,220,000 | 15,355,000 | 15,447,000 | 14,879,000 | 9,744,000 | 8,642,000 | 8,879,000 | 8,280,000 | 8,795,000 | 8,617,000 | 7,726,000 | 10,070,000 | 8,515,000 | 9,082,000 | 6,295,000 | 5,883,000 | 5,259,000 | 6,168,000 | 5,602,000 | 5,591,000 | 5,012,000 | 4,809,000 | 4,583,000 | 4,418,000 |
notes receivable | 153,564,000 | 149,979,000 | 146,749,000 | 143,492,000 | 365,833,000 | 247,849,000 | 280,006,000 | 241,842,000 | 235,382,000 | 228,825,000 | 209,297,000 | 183,629,000 | 71,125,000 | 54,707,000 | 40,128,000 | 37,548,000 | 26,577,000 | 26,860,000 | 25,741,000 | 139,047,000 | 155,206,000 | 157,992,000 | 156,996,000 | 155,956,000 | 151,543,000 | 153,650,000 | 37,899,000 | 37,494,000 | 36,974,000 | 40,709,000 | 39,469,000 | 18,594,000 | 17,290,000 | 19,790,000 | 19,790,000 | 19,694,000 | 19,694,000 | 16,694,000 | 16,694,000 | 15,494,000 | 15,494,000 | 15,494,000 | 14,369,000 | 18,318,000 | 44,248,000 | 84,568,000 | 66,700,000 | 66,193,000 | 64,006,000 | 63,998,000 | 39,409,000 | 13,200,000 | 7,800,000 | 7,800,000 | 7,800,000 | 7,800,000 | 7,800,000 | 7,800,000 | 7,800,000 | 7,800,000 | 7,300,000 | 7,300,000 | 207,300,000 | 207,450,000 | 207,450,000 | 224,776,000 | 219,807,000 | 12,655,000 | 6,500,000 | 6,500,000 | 6,500,000 | 10,500,000 | 10,000,000 | 13,960,000 | 36,120,000 | 64,805,000 | ||
investment in and advances to unconsolidated joint ventures | 757,689,000 | 886,492,000 | 911,575,000 | 879,781,000 | 919,814,000 | 917,483,000 | 966,227,000 | 958,943,000 | 954,301,000 | 952,934,000 | 963,927,000 | 963,253,000 | 751,387,000 | 754,446,000 | 761,117,000 | 691,864,000 | 669,343,000 | 702,461,000 | 643,902,000 | 619,172,000 | 620,111,000 | 600,233,000 | 646,355,000 | 598,058,000 | 588,395,000 | 588,262,000 | 791,180,000 | 769,000,000 | 749,100,000 | 739,910,000 | 732,578,000 | 839,864,000 | 843,167,000 | 818,990,000 | 827,025,000 | 917,941,000 | 933,403,000 | 944,864,000 | 938,906,000 | 921,925,000 | 914,815,000 | 763,540,000 | 718,226,000 | 650,441,000 | 612,688,000 | 517,927,000 | 533,335,000 | 461,397,000 | ||||||||||||||||||||||||||||||
operating lease right-of-use assets | 186,641,000 | 187,624,000 | 184,172,000 | 185,125,000 | 186,066,000 | 186,997,000 | 187,918,000 | 188,828,000 | 189,729,000 | 190,619,000 | 191,499,000 | 192,369,000 | 193,230,000 | 194,081,000 | 194,923,000 | 195,755,000 | 196,578,000 | 197,463,000 | 198,339,000 | 199,206,000 | 200,064,000 | 200,913,000 | 201,754,000 | 202,586,000 | 203,410,000 | 204,225,000 | 135,889,000 | 94,145,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 370,870,000 | 231,308,000 | 242,071,000 | 249,651,000 | 181,450,000 | 197,493,000 | 197,473,000 | 195,958,000 | 195,025,000 | 209,969,000 | 221,572,000 | 218,782,000 | 207,029,000 | 197,471,000 | 209,728,000 | 214,765,000 | 222,337,000 | 216,311,000 | 213,321,000 | 184,758,000 | 190,696,000 | 188,118,000 | 173,834,000 | 181,880,000 | 179,301,000 | 186,296,000 | 145,301,000 | 140,191,000 | 134,896,000 | 138,279,000 | 120,222,000 | 127,024,000 | 129,575,000 | 114,005,000 | 118,535,000 | 121,475,000 | 126,423,000 | 129,975,000 | 137,302,000 | 114,589,000 | 96,259,000 | 96,713,000 | 105,202,000 | 117,153,000 | 171,970,000 | 131,798,000 | 137,548,000 | 133,154,000 | 125,654,000 | 124,358,000 | 124,128,000 | 131,563,000 | 198,365,000 | 129,931,000 | 137,424,000 | 95,814,000 | 74,596,000 | 67,615,000 | 57,021,000 | 63,055,000 | 67,822,000 | 68,521,000 | 71,848,000 | 66,562,000 | 85,842,000 | 84,339,000 | 71,812,000 | 60,765,000 | 45,428,000 | 54,870,000 | 43,868,000 | 37,043,000 | 43,123,000 | 49,687,000 | 48,420,000 | 31,019,000 | 34,011,000 | 45,532,000 |
total assets | 10,333,774,000 | 10,605,674,000 | 10,601,912,000 | 10,647,085,000 | 10,745,412,000 | 10,897,586,000 | 11,079,764,000 | 11,117,805,000 | 11,190,488,000 | 11,373,242,000 | 11,420,062,000 | 11,085,705,000 | 10,967,700,000 | 11,038,470,000 | 11,097,962,000 | 10,996,986,000 | 10,684,964,000 | 10,775,220,000 | 10,400,564,000 | 9,919,271,000 | 9,566,556,000 | 9,637,533,000 | 9,551,388,000 | 9,564,471,000 | 9,691,105,000 | 9,636,472,000 | 8,697,597,000 | 8,197,266,000 | 7,955,725,000 | 7,707,358,000 | 7,709,048,000 | 7,760,705,000 | 7,767,934,000 | 7,735,911,000 | 7,679,584,000 | 7,651,169,000 | 7,610,082,000 | 7,601,568,000 | 7,663,844,000 | 6,922,730,000 | 6,939,730,000 | 6,858,511,000 | 6,846,534,000 | 6,898,088,000 | 6,932,405,000 | 6,834,023,000 | 6,743,543,000 | 6,890,781,000 | 6,888,509,000 | 6,910,902,000 | 6,972,621,000 | 6,942,515,000 | 6,721,354,000 | 6,804,903,000 | 5,961,777,000 | 5,501,877,000 | 5,529,540,000 | 5,477,358,000 | 5,079,369,000 | 5,115,716,000 | 5,132,617,000 | 5,010,257,000 | 4,970,898,000 | 5,185,530,000 | 5,144,295,000 | 5,100,212,000 | 5,036,146,000 | 5,070,205,000 | 4,801,121,000 | 4,674,598,000 | 4,803,517,000 | 4,744,995,000 | 4,675,875,000 | 4,682,266,000 | 4,718,832,000 | 4,530,842,000 | 4,541,593,000 | 4,480,429,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt | 959,597,000 | 961,180,000 | 1,090,305,000 | 1,136,046,000 | 1,137,826,000 | 1,139,331,000 | 1,140,692,000 | 1,235,748,000 | 1,236,779,000 | 1,277,713,000 | 1,238,240,000 | 1,049,715,000 | 1,051,000,000 | 1,052,281,000 | 1,053,560,000 | 1,054,836,000 | 1,056,110,000 | 1,057,380,000 | 1,058,647,000 | 1,059,913,000 | 919,177,000 | 862,147,000 | 933,087,000 | 1,112,870,000 | 1,144,201,000 | 1,149,441,000 | 600,624,000 | 598,389,000 | 599,796,000 | 799,815,000 | 801,523,000 | 804,977,000 | 806,647,000 | 1,031,507,000 | 1,130,858,000 | 1,048,993,000 | 1,256,119,000 | 1,374,670,000 | 1,376,945,000 | 1,346,992,000 | 1,350,439,000 | 1,370,673,000 | 1,361,529,000 | 1,399,372,000 | 1,402,731,000 | 1,442,873,000 | 1,385,034,000 | 1,425,663,000 | 1,430,135,000 | 1,439,762,000 | 1,442,361,000 | 1,813,942,000 | 1,891,553,000 | 2,004,525,000 | 1,992,401,000 | 1,716,241,000 | 1,963,670,000 | 2,045,810,000 | 1,957,406,000 | 1,945,065,000 | 1,989,434,000 | 1,863,127,000 | 1,729,290,000 | 1,717,244,000 | 1,462,471,000 | 1,315,075,000 | 1,206,817,000 | 1,146,532,000 | 910,611,000 | 1,213,129,000 | 1,254,612,000 | 1,207,302,000 | 1,182,919,000 | 1,161,919,000 | 1,167,748,000 | 1,122,162,000 | 1,116,259,000 | 1,110,855,000 |
unsecured debt | 4,703,719,000 | 4,860,189,000 | 4,743,864,000 | 4,639,537,000 | 4,673,383,000 | 4,687,634,000 | 4,724,571,000 | 4,540,388,000 | 4,525,549,000 | 4,520,996,000 | 4,514,582,000 | 4,377,497,000 | 4,525,963,000 | 4,435,022,000 | 4,572,802,000 | 4,462,398,000 | 4,422,900,000 | 4,355,407,000 | 4,463,792,000 | 4,392,194,000 | 4,121,998,000 | 4,114,401,000 | 3,984,559,000 | 3,653,934,000 | 3,740,937,000 | 3,558,083,000 | 3,335,273,000 | 3,272,200,000 | 2,990,033,000 | 2,952,297,000 | 2,879,150,000 | 2,874,034,000 | 2,828,001,000 | 2,505,785,000 | 2,270,620,000 | 2,495,397,000 | 2,209,058,000 | 2,037,155,000 | 2,193,850,000 | 2,166,242,000 | 2,213,964,000 | 2,145,996,000 | 2,221,576,000 | 2,228,820,000 | 2,345,063,000 | 2,185,373,000 | 2,009,689,000 | 2,073,444,000 | 1,979,198,000 | 1,902,953,000 | 1,902,707,000 | 2,099,462,000 | 2,026,817,000 | 1,967,661,000 | 1,707,185,000 | 1,747,236,000 | 1,603,834,000 | 1,433,860,000 | 1,454,252,000 | 1,469,013,000 | 1,437,155,000 | 1,411,919,000 | 1,484,659,000 | 1,643,177,000 | 1,811,576,000 | 2,035,454,000 | 2,012,727,000 | 2,027,800,000 | 2,364,740,000 | 2,225,498,000 | 2,339,752,000 | 2,263,361,000 | 2,155,866,000 | 2,170,924,000 | 2,234,118,000 | 2,092,003,000 | 2,043,518,000 | 1,945,672,000 |
operating lease liabilities | 181,995,000 | 182,963,000 | 179,496,000 | 180,433,000 | 181,359,000 | 182,275,000 | 183,181,000 | 184,076,000 | 184,961,000 | 185,836,000 | 186,701,000 | 187,556,000 | 188,402,000 | 189,238,000 | 190,064,000 | 190,881,000 | 191,689,000 | 192,488,000 | 193,277,000 | 194,058,000 | 194,829,000 | 195,592,000 | 196,346,000 | 197,092,000 | 197,829,000 | 198,558,000 | 130,135,000 | 88,218,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
real estate taxes payable | 35,378,000 | 45,640,000 | 67,728,000 | 42,507,000 | 36,646,000 | 46,403,000 | 68,816,000 | 44,333,000 | 37,917,000 | 47,107,000 | 68,900,000 | 38,945,000 | 35,052,000 | 37,681,000 | 61,210,000 | 36,791,000 | 32,908,000 | 33,095,000 | 55,849,000 | 34,146,000 | 32,437,000 | 29,946,000 | 49,239,000 | 31,952,000 | 33,134,000 | 29,445,000 | 42,031,000 | 23,919,000 | 27,205,000 | 21,972,000 | 24,130,000 | 35,337,000 | 19,595,000 | 23,105,000 | 17,388,000 | 36,030,000 | 23,168,000 | 16,147,000 | 18,786,000 | 32,326,000 | 18,263,000 | 21,848,000 | 15,978,000 | 29,403,000 | 16,543,000 | 20,173,000 | 14,586,000 | 11,132,000 | 14,076,000 | 26,414,000 | 13,087,000 | 16,019,000 | 13,397,000 | 28,729,000 | 14,525,000 | 17,605,000 | 14,585,000 | 28,871,000 | 15,215,000 | 16,895,000 | 16,976,000 | 32,500,000 | 18,665,000 | 19,141,000 | 14,035,000 | 28,836,000 | 16,246,000 | 15,209,000 | 8,808,000 | 40,449,000 | 25,119,000 | 21,213,000 | 25,557,000 | 37,559,000 | 25,023,000 | 21,208,000 | 24,672,000 | 36,679,000 |
accrued interest payable | 27,817,000 | 51,698,000 | 28,415,000 | 51,718,000 | 28,055,000 | 52,631,000 | 28,773,000 | 47,289,000 | 27,255,000 | 47,710,000 | 27,071,000 | 46,729,000 | 26,580,000 | 46,671,000 | 26,109,000 | 45,917,000 | 25,700,000 | 45,980,000 | 25,674,000 | 43,536,000 | 23,149,000 | 44,760,000 | 30,606,000 | 47,087,000 | 31,494,000 | 45,199,000 | 27,577,000 | 42,029,000 | 29,397,000 | 38,201,000 | 28,850,000 | 30,192,000 | 28,482,000 | 27,887,000 | 29,257,000 | 28,135,000 | 26,735,000 | 28,589,000 | 29,162,000 | 23,577,000 | 27,735,000 | 23,460,000 | 34,215,000 | 27,131,000 | 29,160,000 | 27,747,000 | 29,598,000 | 29,404,000 | 30,937,000 | 29,498,000 | 31,156,000 | 31,127,000 | 23,208,000 | 23,924,000 | 23,341,000 | 20,837,000 | 20,889,000 | 19,939,000 | 20,002,000 | 20,098,000 | 19,146,000 | 19,108,000 | 18,717,000 | 21,574,000 | 20,744,000 | 24,724,000 | 23,736,000 | 26,953,000 | 27,999,000 | 28,651,000 | 28,852,000 | 26,175,000 | 34,347,000 | 22,429,000 | 27,665,000 | 24,178,000 | 26,672,000 | 21,789,000 |
security deposits and prepaid rent | 59,557,000 | 61,205,000 | 60,563,000 | 51,698,000 | 52,266,000 | 61,592,000 | 49,727,000 | 49,168,000 | 50,187,000 | 50,528,000 | 50,571,000 | 56,690,000 | 57,738,000 | 51,999,000 | 53,693,000 | 53,476,000 | 53,021,000 | 55,441,000 | 51,631,000 | 49,882,000 | 47,968,000 | 49,008,000 | 46,861,000 | 45,607,000 | 48,474,000 | 48,353,000 | 36,382,000 | 35,222,000 | 36,332,000 | 34,519,000 | 35,321,000 | 32,619,000 | 35,336,000 | 36,894,000 | 34,238,000 | 37,300,000 | 37,916,000 | 35,995,000 | 36,330,000 | 33,879,000 | 33,366,000 | 34,624,000 | 34,064,000 | 32,710,000 | 30,802,000 | 30,731,000 | 26,726,000 | 48,448,000 | 42,589,000 | 38,737,000 | 35,534,000 | 33,482,000 | 35,516,000 | 37,685,000 | 30,524,000 | 26,965,000 | 26,046,000 | 27,037,000 | 24,920,000 | 30,223,000 | 31,798,000 | 30,771,000 | 30,843,000 | 30,165,000 | 28,829,000 | 31,141,000 | 28,270,000 | 26,729,000 | 21,897,000 | 29,471,000 | 26,756,000 | 26,782,000 | 25,249,000 | 24,836,000 | 25,502,000 | 25,331,000 | 26,362,000 | 25,077,000 |
distributions payable | 152,871,000 | 151,934,000 | 153,784,000 | 153,662,000 | 153,756,000 | 151,720,000 | 151,755,000 | 151,518,000 | 151,512,000 | 149,600,000 | 149,615,000 | 148,403,000 | 148,409,000 | 134,213,000 | 133,341,000 | 132,793,000 | 130,369,000 | 124,729,000 | 120,830,000 | 116,688,000 | 116,693,000 | 115,795,000 | 115,055,000 | 115,254,000 | 115,259,000 | 109,382,000 | 108,939,000 | 105,611,000 | 105,548,000 | 95,131,000 | 95,122,000 | 91,454,000 | 91,447,000 | 91,436,000 | 86,936,000 | 86,959,000 | 86,957,000 | 86,963,000 | 80,368,000 | 75,937,000 | 75,129,000 | 75,129,000 | 69,460,000 | 69,487,000 | 68,556,000 | 68,542,000 | 61,906,000 | 61,907,000 | 57,915,000 | 57,916,000 | 57,313,000 | 53,986,000 | 51,019,000 | 47,489,000 | 42,654,000 | 37,445,000 | 36,561,000 | 36,582,000 | 32,291,000 | 32,000,000 | 30,857,000 | 30,810,000 | 30,386,000 | 49,817,000 | 57,144,000 | 47,154,000 | 47,548,000 | 47,777,000 | 49,152,000 | 49,705,000 | 49,118,000 | 49,518,000 | 46,936,000 | 47,199,000 | 47,167,000 | 47,078,000 | 45,313,000 | 45,876,000 |
accounts payable, accrued expenses, and other liabilities | 107,072,000 | 142,102,000 | 126,329,000 | 108,353,000 | 93,268,000 | 115,105,000 | 119,202,000 | 120,784,000 | 119,739,000 | 141,311,000 | 125,979,000 | 124,454,000 | 111,795,000 | 153,220,000 | 135,904,000 | 137,095,000 | 117,240,000 | 136,954,000 | 114,601,000 | 119,405,000 | 104,218,000 | 110,999,000 | 102,197,000 | 111,264,000 | 82,254,000 | 90,032,000 | 72,680,000 | 63,250,000 | 65,334,000 | 74,344,000 | 83,054,000 | 96,009,000 | 92,161,000 | 74,608,000 | 103,835,000 | 91,601,000 | 91,275,000 | 77,676,000 | 81,356,000 | 56,401,000 | 72,054,000 | 63,857,000 | 91,282,000 | 82,233,000 | 89,566,000 | 76,007,000 | 111,056,000 | 83,060,000 | 87,003,000 | 97,164,000 | 102,793,000 | 75,440,000 | 95,485,000 | 109,066,000 | 104,179,000 | 90,622,000 | 105,925,000 | 63,766,000 | 59,585,000 | 56,449,000 | 80,685,000 | 56,560,000 | 58,453,000 | 67,044,000 | 71,395,000 | 37,136,000 | 36,928,000 | 38,100,000 | 51,512,000 | 39,040,000 | 43,180,000 | 37,269,000 | 54,878,000 | 51,159,000 | 44,268,000 | 32,752,000 | 55,460,000 | 49,845,000 |
total liabilities | 6,228,006,000 | 6,456,911,000 | 6,450,484,000 | 6,363,954,000 | 6,356,559,000 | 6,436,691,000 | 6,466,717,000 | 6,373,304,000 | 6,333,899,000 | 6,420,801,000 | 6,361,659,000 | 6,029,989,000 | 6,144,939,000 | 6,100,325,000 | 6,226,683,000 | 6,114,187,000 | 6,029,937,000 | 6,001,474,000 | 6,084,301,000 | 6,009,822,000 | 5,560,469,000 | 5,522,648,000 | 5,457,950,000 | 5,315,060,000 | 5,393,582,000 | 5,228,493,000 | 4,353,641,000 | 4,228,719,000 | 3,941,863,000 | 4,016,279,000 | 3,947,150,000 | 3,964,622,000 | 3,901,669,000 | 3,791,222,000 | 3,673,132,000 | 3,824,415,000 | 3,731,228,000 | 3,657,195,000 | 3,816,797,000 | 3,735,354,000 | 3,790,950,000 | 3,735,587,000 | 3,828,104,000 | 3,869,156,000 | 3,982,421,000 | 3,851,446,000 | 3,638,595,000 | 3,733,058,000 | 3,671,259,000 | 3,621,902,000 | 3,614,381,000 | 4,152,907,000 | 4,166,095,000 | 4,265,344,000 | 3,943,820,000 | 3,741,191,000 | 3,800,453,000 | 3,684,689,000 | 3,592,507,000 | 3,598,565,000 | 3,634,877,000 | 3,473,626,000 | 3,399,848,000 | 3,578,276,000 | 3,496,243,000 | 3,550,508,000 | 3,403,233,000 | 3,366,001,000 | 3,719,679,000 | 3,627,645,000 | 3,772,724,000 | 3,634,742,000 | 3,531,787,000 | 3,516,503,000 | 3,573,696,000 | 3,371,393,000 | 3,350,050,000 | 3,252,133,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests in the operating partnership and downreit partnership | 819,753,000 | 859,966,000 | 876,127,000 | 957,980,000 | 1,057,474,000 | 1,017,355,000 | 1,098,987,000 | 1,021,782,000 | 937,311,000 | 961,087,000 | 907,269,000 | 935,543,000 | 901,652,000 | 839,850,000 | 920,311,000 | 1,013,165,000 | 1,262,144,000 | 1,299,442,000 | 1,192,723,000 | 1,104,276,000 | 989,686,000 | 856,294,000 | 759,986,000 | 834,466,000 | 819,133,000 | 1,018,665,000 | 1,072,181,000 | 1,000,532,000 | 1,051,498,000 | 922,329,000 | 876,120,000 | 943,182,000 | 967,797,000 | 904,778,000 | 909,482,000 | 900,756,000 | 929,985,000 | 970,620,000 | 946,436,000 | |||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at march 31, 2026 and december 31, 2025: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,600,678 and 2,600,678 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 43,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 10,026,490 and 10,105,845 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 2,551,000 | 2,552,000 | 2,515,000 | 2,514,000 | 2,507,000 | 2,507,000 | 2,501,000 | 2,501,000 | 2,502,000 | 2,280,000 | 2,197,000 | 2,190,000 | 1,825,000 | 1,630,000 | 1,555,000 | 1,491,000 | 1,488,000 | 1,283,000 | 1,333,000 | 1,350,000 | 1,350,000 | 1,347,000 | 1,346,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
325,894,030 and 328,273,044 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 3,259,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 7,384,029,000 | 7,480,594,000 | 7,565,518,000 | 7,582,852,000 | 7,575,098,000 | 7,572,480,000 | 7,526,910,000 | 7,508,794,000 | 7,500,170,000 | 7,493,217,000 | 7,487,515,000 | 7,508,616,000 | 7,494,042,000 | 7,493,423,000 | 7,332,127,000 | 7,243,825,000 | 6,891,707,000 | 6,884,269,000 | 6,390,547,000 | 5,887,838,000 | 5,885,682,000 | 5,881,383,000 | 5,776,267,000 | 5,794,428,000 | 5,788,471,000 | 5,781,975,000 | 5,702,782,000 | 5,244,819,000 | 5,184,195,000 | 4,639,147,000 | 4,638,766,000 | 4,643,803,000 | 4,640,550,000 | 4,635,942,000 | 4,635,413,000 | 4,631,539,000 | 4,622,939,000 | 4,620,946,000 | 4,447,816,000 | 4,449,555,000 | 4,342,829,000 | 4,334,418,000 | 4,223,747,000 | 4,223,893,000 | 4,114,566,000 | 4,110,625,000 | 4,104,200,000 | 4,101,683,000 | 4,098,882,000 | 4,098,089,000 | 4,098,785,000 | 3,543,219,000 | 3,340,470,000 | 3,322,505,000 | 2,782,510,000 | 2,548,818,000 | 2,450,141,000 | 2,437,284,000 | 2,061,811,000 | 2,027,966,000 | 1,948,669,000 | 1,906,300,000 | 1,871,525,000 | 1,857,320,000 | 1,818,269,000 | 1,489,071,000 | 1,494,239,000 | 1,520,670,000 | 1,620,541,000 | 1,644,905,000 | 1,661,437,000 | 1,689,434,000 | 1,682,809,000 | 1,686,039,000 | 1,685,367,000 | 1,684,518,000 | 1,680,115,000 | 1,757,936,000 |
distributions in excess of net income | -4,147,206,000 | -4,240,268,000 | -4,338,985,000 | -4,305,702,000 | -4,293,032,000 | -4,179,415,000 | -4,064,283,000 | -3,840,808,000 | -3,638,370,000 | -3,554,892,000 | -3,392,855,000 | -3,445,679,000 | -3,627,873,000 | -3,451,587,000 | -3,438,027,000 | -3,426,760,000 | -3,549,788,000 | -3,485,080,000 | -3,335,108,000 | -3,143,000,000 | -2,923,073,000 | -2,685,770,000 | -2,500,827,000 | -2,432,882,000 | -2,360,636,000 | -2,462,132,000 | -2,496,328,000 | -2,336,609,000 | -2,281,262,000 | -1,929,124,000 | -1,808,907,000 | -1,843,490,000 | -1,792,674,000 | -1,644,621,000 | -1,585,825,000 | -1,746,617,000 | -1,712,418,000 | -1,685,173,000 | -1,584,459,000 | -1,610,086,000 | -1,525,159,000 | -1,557,953,000 | -1,528,917,000 | -1,493,890,000 | -1,478,814,000 | -1,414,997,000 | -1,279,095,000 | -1,210,054,000 | -1,143,781,000 | -1,082,458,000 | -1,024,148,000 | -1,126,561,000 | -1,142,895,000 | -1,111,356,000 | -1,075,499,000 | -1,045,117,000 | -973,864,000 | -895,069,000 | -822,057,000 | -752,226,000 | -687,180,000 | -628,445,000 | -522,945,000 | -470,520,000 | -393,704,000 | -198,951,000 | -148,608,000 | -103,799,000 | -783,238,000 | -840,113,000 | -871,469,000 | -827,724,000 | -810,875,000 | -789,933,000 | -789,529,000 | -755,702,000 | -784,307,000 | |
accumulated other comprehensive income | 2,405,000 | 1,660,000 | 1,932,000 | 1,160,000 | 2,473,000 | 3,638,000 | 4,606,000 | 7,910,000 | 9,235,000 | 4,914,000 | 9,116,000 | 8,779,000 | 2,805,000 | -8,614,000 | -11,146,000 | -12,974,000 | -12,035,000 | -14,187,000 | -9,190,000 | -15,445,000 | -2,305,000 | -3,704,000 | -15,427,000 | -1,403,000 | 637,000 | 772,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 3,285,680,000 | 3,288,462,000 | 3,274,966,000 | 3,324,816,000 | 3,331,044,000 | 3,443,205,000 | 3,513,725,000 | 3,722,384,000 | 3,918,943,000 | 3,991,144,000 | 4,150,924,000 | 4,119,963,000 | 3,920,899,000 | 4,098,085,000 | 3,950,758,000 | 3,869,424,000 | 3,392,673,000 | 3,442,874,000 | 3,096,687,000 | 2,784,270,000 | 3,001,728,000 | 3,234,200,000 | 3,312,656,000 | 3,397,322,000 | 3,464,115,000 | 3,358,542,000 | 3,246,562,000 | 2,949,404,000 | 2,948,982,000 | 2,757,494,000 | 2,877,460,000 | 2,845,023,000 | 2,892,615,000 | 3,036,165,000 | 3,093,110,000 | 2,922,906,000 | 2,946,676,000 | 2,972,867,000 | 2,899,755,000 | 2,874,359,000 | 2,857,642,000 | 2,810,181,000 | 2,735,097,000 | 2,778,260,000 | 2,682,533,000 | 2,741,009,000 | 2,866,372,000 | 2,931,208,000 | 2,992,916,000 | 3,051,630,000 | 3,110,106,000 | 2,533,179,000 | 2,314,050,000 | 2,326,092,000 | 1,570,677,000 | 1,449,377,000 | 1,529,257,000 | 1,596,655,000 | 1,019,393,000 | 987,706,000 | 972,889,000 | 1,045,038,000 | 1,055,255,000 | 1,079,424,000 | 1,065,330,000 | 1,078,303,000 | 1,107,724,000 | 1,151,835,000 | ||||||||||
noncontrolling interests | 335,000 | 335,000 | 335,000 | 335,000 | 335,000 | 335,000 | 335,000 | 335,000 | 335,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 31,430,000 | 26,853,000 | 20,903,000 | 14,673,000 | 24,391,000 | 20,796,000 | 17,623,000 | 14,275,000 | 30,772,000 | 25,213,000 | 18,611,000 | 13,382,000 | 11,256,000 | 8,318,000 | 7,878,000 | 5,853,000 | 3,746,000 | 3,860,000 | 3,092,000 | 2,193,000 | 886,000 | 856,000 | 859,000 | 860,000 | 860,000 | 853,000 | 858,000 | 862,000 | 860,000 | ||||||||||||||||||||||||||||||||
total equity | 3,286,015,000 | 3,288,797,000 | 3,275,301,000 | 3,325,151,000 | 3,331,379,000 | 3,443,540,000 | 3,514,060,000 | 3,722,719,000 | 3,919,278,000 | 3,991,354,000 | 4,151,134,000 | 4,120,173,000 | 3,921,109,000 | 4,098,295,000 | 3,950,968,000 | 3,869,634,000 | 3,392,883,000 | 3,474,304,000 | 3,123,540,000 | 2,805,173,000 | 3,016,401,000 | 3,258,591,000 | 3,333,452,000 | 3,414,945,000 | 3,478,390,000 | 3,389,314,000 | 3,271,775,000 | 2,968,015,000 | 2,962,364,000 | 2,768,750,000 | 2,885,778,000 | 2,852,901,000 | 2,898,468,000 | 3,039,911,000 | 3,096,970,000 | 2,925,998,000 | 2,948,869,000 | 2,973,753,000 | 2,900,611,000 | 2,875,218,000 | 2,858,502,000 | 2,811,041,000 | 2,735,950,000 | 2,779,118,000 | 2,683,395,000 | 2,741,869,000 | 2,867,295,000 | 2,932,128,000 | 2,993,832,000 | 3,055,621,000 | 3,114,935,000 | 2,537,965,000 | 2,318,784,000 | 2,330,793,000 | 1,830,648,000 | 1,637,326,000 | 1,610,030,000 | 1,675,657,000 | 1,373,110,000 | 1,411,922,000 | 1,398,982,000 | 1,437,494,000 | 1,505,755,000 | 1,537,964,000 | ||||||||||||||
total liabilities and equity | 10,333,774,000 | 10,605,674,000 | 10,601,912,000 | 10,647,085,000 | 10,745,412,000 | 10,897,586,000 | 11,079,764,000 | 11,117,805,000 | 11,190,488,000 | 11,373,242,000 | 11,420,062,000 | 11,085,705,000 | 10,967,700,000 | 11,038,470,000 | 11,097,962,000 | 10,996,986,000 | 10,684,964,000 | 10,775,220,000 | 10,400,564,000 | 9,919,271,000 | 9,566,556,000 | 9,637,533,000 | 9,551,388,000 | 9,564,471,000 | 9,691,105,000 | 9,636,472,000 | 8,697,597,000 | 8,197,266,000 | 7,955,725,000 | 7,707,358,000 | 7,709,048,000 | 7,760,705,000 | 7,767,934,000 | 7,735,911,000 | 7,679,584,000 | 7,651,169,000 | 7,610,082,000 | 7,601,568,000 | 7,663,844,000 | 6,922,730,000 | 6,939,730,000 | 6,858,511,000 | 6,846,534,000 | 6,898,088,000 | 6,932,405,000 | 6,834,023,000 | 6,743,543,000 | 6,890,781,000 | 6,888,509,000 | 6,910,902,000 | 6,972,621,000 | 6,942,515,000 | 6,721,354,000 | 6,804,903,000 | ||||||||||||||||||||||||
real estate held for disposition | 154,463,000 | 81,039,000 | 14,039,000 | 15,019,000 | 39,065,000 | 102,876,000 | 84,243,000 | 73,529,000 | 1,071,000 | 51,052,000 | 31,744,000 | 11,775,000 | 116,420,000 | 54,533,000 | 192,540,000 | 39,000,000 | 45,019,000 | 55,436,000 | 926,695,000 | 41,298,000 | 213,459,000 | 75,866,000 | 41,845,000 | 139,049,000 | 170,452,000 | 123,038,000 | 34,280,000 | 51,669,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at december 31, 2025 and december 31, 2024: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,600,678 and 2,600,678 shares issued and outstanding at december 31, 2025 and december 31, 2024, respectively | 43,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 10,105,845 and 10,424,485 shares issued and outstanding at december 31, 2025 and december 31, 2024, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
328,273,044 and 330,858,719 shares issued and outstanding at december 31, 2025 and december 31, 2024, respectively | 3,283,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at september 30, 2025 and december 31, 2024: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,600,678 and 2,600,678 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 43,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 10,174,522 and 10,424,485 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
330,766,065 and 330,858,719 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 3,308,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at june 30, 2025 and december 31, 2024: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,600,678 and 2,600,678 shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively | 43,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 10,272,196 and 10,424,485 shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
331,291,669 and 330,858,719 shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively | 3,313,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at march 31, 2025 and december 31, 2024: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,600,678 and 2,600,678 shares issued and outstanding at march 31, 2025 and december 31, 2024, respectively | 43,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 10,374,696 and 10,424,485 shares issued and outstanding at march 31, 2025 and december 31, 2024, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
331,174,564 and 330,858,719 shares issued and outstanding at march 31, 2025 and december 31, 2024, respectively | 3,312,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at december 31, 2024 and december 31, 2023: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,600,678 and 2,686,308 shares issued and outstanding at december 31, 2024 and december 31, 2023, respectively | 43,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 10,424,485 and 11,867,730 shares issued and outstanding at december 31, 2024 and december 31, 2023, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
330,858,719 and 329,014,512 shares issued and outstanding at december 31, 2024 and december 31, 2023, respectively | 3,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at september 30, 2024 and december 31, 2023: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,600,678 and 2,686,308 shares issued and outstanding at september 30, 2024 and december 31, 2023, respectively | 43,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 11,355,829 and 11,867,730 shares issued and outstanding at september 30, 2024 and december 31, 2023, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
329,926,696 and 329,014,512 shares issued and outstanding at september 30, 2024 and december 31, 2023, respectively | 3,299,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at june 30, 2024 and december 31, 2023: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,600,678 and 2,686,308 shares issued and outstanding at june 30, 2024 and december 31, 2023, respectively | 43,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 11,647,322 and 11,867,730 shares issued and outstanding at june 30, 2024 and december 31, 2023, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
329,539,663 and 329,014,512 shares issued and outstanding at june 30, 2024 and december 31, 2023, respectively | 3,295,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at march 31, 2024 and december 31, 2023: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,686,308 and 2,686,308 shares issued and outstanding at march 31, 2024 and december 31, 2023, respectively | 44,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 11,785,976 and 11,867,730 shares issued and outstanding at march 31, 2024 and december 31, 2023, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
329,327,553 and 329,014,512 shares issued and outstanding at march 31, 2024 and december 31, 2023, respectively | 3,293,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at december 31, 2023 and december 31, 2022: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,686,308 and 2,686,308 shares issued and outstanding at december 31, 2023 and december 31, 2022, respectively | 44,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 11,867,730 and 12,100,514 shares issued and outstanding at december 31, 2023 and december 31, 2022, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
329,014,512 and 328,993,088 shares issued and outstanding at december 31, 2023 and december 31, 2022, respectively | 3,290,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at september 30, 2023 and december 31, 2022: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,686,308 and 2,686,308 shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively | 44,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 11,891,530 and 12,100,514 shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
328,904,161 and 328,993,088 shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively | 3,289,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income/(loss) | 8,360,000 | 6,823,000 | 8,344,000 | 4,345,000 | -4,261,000 | -6,600,000 | -8,301,000 | -9,144,000 | -10,494,000 | -11,940,000 | -12,870,000 | -10,448,000 | -9,022,000 | -7,838,000 | -2,970,000 | -1,407,000 | -1,276,000 | -4,167,000 | -4,395,000 | -4,288,000 | -5,609,000 | -12,678,000 | -8,855,000 | -866,000 | -10,285,000 | 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at june 30, 2023 and december 31, 2022: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,686,308 and 2,686,308 shares issued and outstanding at june 30, 2023 and december 31, 2022, respectively | 44,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 11,920,927 and 12,100,514 shares issued and outstanding at june 30, 2023 and december 31, 2022, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
329,478,476 and 328,993,088 shares issued and outstanding at june 30, 2023 and december 31, 2022, respectively | 3,295,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at march 31, 2023 and december 31, 2022: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,686,308 and 2,686,308 shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively | 44,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 12,090,558 and 12,100,514 shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
329,173,125 and 328,993,088 shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively | 3,292,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at december 31, 2022 and december 31, 2021: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,686,308 and 2,695,363 shares issued and outstanding at december 31, 2022 and december 31, 2021, respectively | 44,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 12,100,514 and 12,582,575 shares issued and outstanding at december 31, 2022 and december 31, 2021, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
328,993,088 and 318,149,635 shares issued and outstanding at december 31, 2022 and december 31, 2021, respectively | 3,290,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at september 30, 2022 and december 31, 2021: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,686,308 and 2,695,363 shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively | 44,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 12,426,563 and 12,582,575 shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
326,352,154 and 318,149,635 shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively | 3,264,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at june 30, 2022 and december 31, 2021: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,695,363 shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 12,455,650 and 12,582,575 shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
324,900,864 and 318,149,635 shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively | 3,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at march 31, 2022 and december 31, 2021: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,695,363 shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 12,455,650 and 12,582,575 shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
318,401,530 and 318,149,635 shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively | 3,184,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized at december 31, 2021 and december 31, 2020: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,695,363 shares issued and outstanding at december 31, 2021 and december 31, 2020, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 12,582,575 and 14,440,519 shares issued and outstanding at december 31, 2021 and december 31, 2020, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
318,149,635 and 296,611,579 shares issued and outstanding at december 31, 2021 and december 31, 2020, respectively | 3,181,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,695,363 shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,331,810 and 14,440,519 shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
308,287,019 and 296,611,579 shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively | 3,083,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,695,363 shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,357,914 and 14,440,519 shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
296,848,024 and 296,611,579 shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively | 2,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,695,363 shares issued and outstanding at march 31, 2021 and december 31, 2020, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,374,488 and 14,440,519 shares issued and outstanding at march 31, 2021 and december 31, 2020, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
296,822,363 and 296,611,579 shares issued and outstanding at march 31, 2021 and december 31, 2020, respectively | 2,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,780,994 shares issued and outstanding at december 31, 2020 and december 31, 2019, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,440,519 and 14,691,274 shares issued and outstanding at december 31, 2020 and december 31, 2019, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
296,611,579 and 294,588,305 shares issued and outstanding at december 31, 2020 and december 31, 2019, respectively | 2,966,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,780,994 shares issued and outstanding at september 30, 2020 and december 31, 2019, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,442,737 and 14,691,274 shares issued and outstanding at september 30, 2020 and december 31, 2019, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
294,479,942 and 294,588,305 shares issued and outstanding at september 30, 2020 and december 31, 2019, respectively | 2,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,695,363 and 2,780,994 shares issued and outstanding at june 30, 2020 and december 31, 2019, respectively | 44,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,452,717 and 14,691,274 shares issued and outstanding at june 30, 2020 and december 31, 2019, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
295,067,779 and 294,588,305 shares issued and outstanding at june 30, 2020 and december 31, 2019, respectively | 2,951,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,780,994 shares issued and outstanding at march 31, 2020 and december 31, 2019 | 46,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,543,281 and 14,691,274 shares issued and outstanding at march 31, 2020 and december 31, 2019, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
294,881,038 and 294,588,305 shares issued and outstanding at march 31, 2020 and december 31, 2019, respectively | 2,949,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,780,994 shares issued and outstanding at december 31, 2019 and december 31, 2018 | 46,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,691,274 and 15,802,393 shares issued and outstanding at december 31, 2019 and december 31, 2018, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
294,588,305 and 275,545,900 shares issued and outstanding at december 31, 2019 and december 31, 2018, respectively | 2,946,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,780,994 shares issued and outstanding at september 30, 2019 and december 31, 2018 | 46,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 14,986,275 and 15,802,393 shares issued and outstanding at september 30, 2019 and december 31, 2018, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
292,948,423 and 275,545,900 shares issued and outstanding at september 30, 2019 and december 31, 2018, respectively | 2,929,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,780,994 shares issued and outstanding at june 30, 2019 and december 31, 2018 | 46,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 15,097,917 and 15,802,393 shares issued and outstanding at june 30, 2019 and december 31, 2018, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
283,104,643 and 275,545,900 shares issued and outstanding at june 30, 2019 and december 31, 2018, respectively | 2,831,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,780,994 shares issued and outstanding at march 31, 2019 and december 31, 2018 | 46,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 15,797,155 and 15,802,393 shares issued and outstanding at march 31, 2019 and december 31, 2018, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
281,791,932 and 275,545,900 shares issued and outstanding at march 31, 2019 and december 31, 2018, respectively | 2,818,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,780,994 shares issued and outstanding at june 30, 2018 and december 31, 2017 | 46,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 15,804,393 and 15,852,721 shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,667,437 and 267,822,069 shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively | 2,677,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,780,994 shares issued and outstanding at march 31, 2018 and december 31, 2017 | 46,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 15,805,518 and 15,852,721 shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,583,892 and 267,822,069 shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively | 2,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,780,994 and 2,796,903 shares issued and outstanding at september 30, 2017 and december 31, 2016, respectively | 46,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 16,025,255 and 16,196,889 shares issued and outstanding at september 30, 2017 and december 31, 2016, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,599,391 and 267,259,469 shares issued and outstanding at september 30, 2017 and december 31, 2016, respectively | 2,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,796,903 shares issued and outstanding at june 30, 2017 and december 31, 2016 | 46,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 16,038,692 and 16,196,889 shares issued and outstanding at june 30, 2017 and december 31, 2016, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,557,894 and 267,259,469 shares issued and outstanding at june 30, 2017 and december 31, 2016, respectively | 2,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,796,903 shares issued and outstanding at march 31, 2017 and december 31, 2016 | 46,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 16,155,807 and 16,196,889 shares issued and outstanding at march 31, 2017 and december 31, 2016, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,398,819 and 267,259,469 shares issued and outstanding at march 31, 2017 and december 31, 2016, respectively | 2,674,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,796,903 shares issued and outstanding at december 31, 2016 and december 31, 2015 | 46,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 16,196,889 and 16,452,496 shares issued and outstanding at december 31, 2016 and december 31, 2015, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,259,469 and 261,844,521 shares issued and outstanding at december 31, 2016 and december 31, 2015, respectively | 2,673,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds held in escrow from internal revenue code section 1031 exchanges | 87,162,000 | 34,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,796,903 shares issued and outstanding at september 30, 2016 and december 31, 2015 | 46,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 16,291,246 and 16,452,496 shares issued and outstanding at september 30, 2016 and december 31, 2015, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,222,186 and 261,844,521 shares issued and outstanding at september 30, 2016 and december 31, 2015, respectively | 2,672,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,796,903 shares issued and outstanding at june 30, 2016 and december 31, 2015 | 46,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 16,452,496 shares issued and outstanding at june 30, 2016 and december 31, 2015 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,058,578 and 261,844,521 shares issued and outstanding at june 30, 2016 and december 31, 2015, respectively | 2,671,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,796,903 shares issued and outstanding at march 31, 2016 and december 31, 2015 | 46,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 16,452,496 shares issued and outstanding at march 31, 2016 and december 31, 2015 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
267,137,288 and 261,844,521 shares issued and outstanding at march 31, 2016 and december 31, 2015, respectively | 2,671,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,796,903 and 2,803,812 shares issued and outstanding at december 31, 2015 and 2014, respectively | 46,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series f; 16,452,496 and 2,464,183 shares issued and outstanding at december 31, 2015 and 2014, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
261,844,521 and 255,114,603 shares issued and outstanding at december 31, 2015 and 2014, respectively | 2,618,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 20,206,000 | 19,930,000 | 21,676,000 | 22,686,000 | 24,344,000 | 25,545,000 | 25,516,000 | 27,043,000 | 23,654,000 | 24,990,000 | 26,810,000 | 28,579,000 | 31,641,000 | 30,068,000 | 23,709,000 | 24,747,000 | 21,850,000 | 27,267,000 | 26,225,000 | 25,508,000 | 26,710,000 | 26,601,000 | 26,002,000 | 26,561,000 | 29,262,000 | 29,658,000 | 30,575,000 | 32,308,000 | 34,327,000 | 34,136,000 | 37,788,000 | 37,375,000 | 35,972,000 | 35,160,000 | 30,775,000 | 30,721,000 | 30,436,000 | 31,036,000 | 26,540,000 | |||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests in the operating partnership | 312,158,000 | 290,278,000 | 311,883,000 | 282,480,000 | 249,814,000 | 266,589,000 | 240,708,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,796,903 and 2,803,812 shares issued and outstanding at september 30, 2015 and december 31, 2014, respectively | 46,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
262,015,237 and 255,114,603 shares issued and outstanding at september 30, 2015 and december 31, 2014, respectively | 2,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,803,812 shares issued and outstanding at june 30, 2015 and december 31, 2014 | 46,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
259,091,257 and 255,114,603 shares issued and outstanding at june 30, 2015 and december 31, 2014, respectively | 2,591,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,803,812 shares issued and outstanding at march 31, 2015 and december 31, 2014 | 46,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
258,988,739 and 255,114,603 shares issued and outstanding at march 31, 2015 and december 31, 2014, respectively | 2,590,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate sold or held for disposition | 10,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,803,812 shares issued and outstanding at december 31, 2014 and 2013 | 46,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.00% series e cumulative convertible; 2,803,812 shares issued and outstanding at september 30, 2014 and december 31, 2013 | 46,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds held in escrow from irc section 1031 exchanges | 30,275,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized | 46,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2,803,812 shares of 8.00% series e cumulative convertible issued and outstanding | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests in operating partnership | 237,653,000 | 225,595,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -7,811,000 | -9,499,000 | -11,257,000 | -13,073,000 | -13,604,000 | -13,939,000 | -13,902,000 | -3,696,000 | -3,469,000 | -2,714,000 | -5,112,000 | -11,055,000 | -12,715,000 | -3,081,000 | -814,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 923,000 | 920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate sold or held for sale | 279,385,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures | 507,037,000 | 579,338,000 | 580,098,000 | 548,961,000 | 213,040,000 | 187,176,000 | 177,404,000 | 149,095,000 | 148,057,000 | 16,391,000 | 17,477,000 | 13,241,000 | 14,126,000 | 53,598,000 | 63,475,000 | 47,415,000 | 47,048,000 | 46,859,000 | 48,177,000 | 47,801,000 | 48,264,000 | 28,431,000 | 28,180,000 | 27,348,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred fees and gains on the sale of depreciable property | 29,406,000 | 29,458,000 | 29,430,000 | 29,449,000 | 29,100,000 | 29,106,000 | 29,011,000 | 28,931,000 | 28,943,000 | 28,803,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable non-controlling interests in operating partnership | 223,418,000 | 233,379,000 | 243,305,000 | 251,643,000 | 236,475,000 | 208,766,000 | 187,309,000 | 123,360,000 | 119,057,000 | 117,012,000 | 113,752,000 | 105,229,000 | 98,758,000 | 99,137,000 | 65,295,000 | 69,290,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
0 shares of 6.75% series g cumulative redeemable issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 916,000 | 3,991,000 | 4,829,000 | 4,786,000 | 4,734,000 | 4,701,000 | 3,775,000 | 3,738,000 | 3,687,000 | 3,652,000 | 3,621,000 | 3,576,000 | 3,541,000 | 3,486,000 | 3,442,000 | 3,389,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3,264,362 shares of 6.75% series g cumulative redeemable issued and outstanding | 81,609,000 | 81,609,000 | 81,609,000 | 81,609,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate held for sale | 36,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities | 3,866,000 | 41,873,000 | 37,878,000 | 37,992,000 | 37,650,000 | 37,020,000 | 33,979,000 | 32,133,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt — real estate held for sale | 17,159,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized 2,803,812 shares of 8.00% series e cumulative convertible issued and outstanding | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
196,660,518 shares issued and outstanding | 1,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total udr, inc. stockholders’ equity | 1,826,873,000 | 1,633,588,000 | 1,606,343,000 | 1,672,005,000 | 1,369,489,000 | 1,408,346,000 | 1,395,441,000 | 1,434,008,000 | 1,502,313,000 | 1,534,575,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 5,961,777,000 | 5,501,877,000 | 5,529,540,000 | 5,477,358,000 | 5,079,369,000 | 5,115,716,000 | 5,132,617,000 | 5,010,257,000 | 4,970,898,000 | 5,185,530,000 | 5,144,295,000 | 5,100,212,000 | 5,036,146,000 | 5,070,205,000 | 4,801,121,000 | 4,674,598,000 | 4,803,517,000 | 4,744,995,000 | 4,675,875,000 | 4,682,266,000 | 4,718,832,000 | 4,530,842,000 | 4,541,593,000 | 4,480,429,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt — real estate held for disposition | 55,309,000 | 4,915,000 | 227,325,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3,405,562 shares of 6.75% series g cumulative redeemable issued and outstanding | 85,139,000 | 85,139,000 | 85,139,000 | 85,139,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
187,273,833 shares issued and outstanding | 1,873,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investment | 5,145,109,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2,803,812 shares of 8.00% series e cumulative convertible issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding | 46,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred gains on the sale of depreciable property | 28,824,000 | 28,836,000 | 28,822,000 | 28,826,000 | 28,831,000 | 28,835,000 | 28,840,000 | 28,845,000 | 28,849,000 | 28,814,000 | 28,690,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
182,128,994 shares issued and outstanding | 1,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive (loss)/income | -3,741,000 | -3,605,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3,432,962 shares of 6.75% series g cumulative redeemable issued and outstanding | 85,824,000 | 85,824,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
161,369,435 shares issued and outstanding | 1,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets — real estate held for disposition | 767,000 | 767,000 | 1,899,000 | 2,180,000 | 1,844,000 | 14,125,000 | 8,358,000 | 9,858,000 | 9,278,000 | 12,952,000 | 1,468,000 | 3,020,000 | 2,421,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities — real estate held for disposition | 1,274,000 | 1,204,000 | 2,139,000 | 2,147,000 | 3,183,000 | 28,945,000 | 1,702,000 | 5,335,000 | 3,122,000 | 6,035,000 | 6,681,000 | 11,794,000 | 16,340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4,430,700 shares of 6.75% series g cumulative redeemable issued and outstanding | 110,768,000 | 110,768,000 | 110,768,000 | 110,768,000 | 110,768,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
152,846,734 shares issued and outstanding | 1,528,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
150,557,442 shares issued and outstanding | 1,506,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
escrow — 1031 exchange funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 77,375,000 | 100,327,000 | 103,656,000 | 107,549,000 | 62,049,000 | 59,247,000 | 57,904,000 | 65,215,000 | 88,833,000 | 86,339,000 | 79,806,000 | 81,146,000 | 83,819,000 | 76,461,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
128,091,103 shares issued and outstanding | 1,281,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds held in escrow from irc section 1031 exchanges pending the acquisition of real estate | 231,795,000 | 348,297,000 | 25,780,000 | 25,373,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5,400,000 shares of 6.75% series g cumulative redeemable issued and outstanding | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2,803,812 shares 8.00% series e cumulative convertible issued and outstanding | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | 46,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5,400,000 shares 6.75% series g cumulative redeemable issued and outstanding | 135,000,000 | 135,000,000 | 135,000,000 | 135,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
129,360,822 shares issued and outstanding | 1,294,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds held in escrow from irc 1031 exchanges pending the acquisition of real estate | 56,217,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
0 shares 8.60% series b cumulative redeemable issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
134,328,648 shares issued and outstanding | 1,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5,416,009 shares 8.60% series b cumulative redeemable issued and outstanding | 135,400,000 | 135,400,000 | 135,400,000 | 135,400,000 | 135,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
135,725,384 shares issued and outstanding | 1,357,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 50,000,000 shares authorized 5,416,009 shares 8.60% series b cumulative redeemable issued and outstanding | 135,400,000 | 135,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets—real estate held for disposition | 6,615,000 | 6,493,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities—real estate held for disposition | 478,000 | 2,205,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
134,279,842 shares issued and outstanding | 1,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated development joint venture | -124,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds held in escrow from 1031 exchanges pending the acquisition of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 1,340,000 | 1,372,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable | 95,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred compensation — unearned restricted stock awards | -5,137,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-06-30 | 2024-03-31 | 2023-03-31 | 2022-06-30 | 2021-03-31 | 2020-06-30 | 2020-03-31 | 2019-06-30 | 2019-03-31 | 2018-06-30 | 2018-03-31 | 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 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 202,904,000 | 43,130,000 | 40,229,000 | 82,071,000 | 31,013,000 | 46,310,000 | 3,274,000 | 29,466,000 | 19,564,000 | 11,604,000 | 13,695,000 | 89,884,000 | 76,417,000 | 31,086,000 | 19,012,000 | -9,676,000 | 156,306,000 | 86,628,000 | -10,822,000 | -8,373,000 | 865,000 | 725,259,000 | 103,991,000 | 78,829,000 | 6,697,000 | 31,832,000 | 25,060,000 | 59,352,000 | 32,186,000 | 12,007,000 | 72,648,000 | ||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 164,603,000 | 172,935,000 | 170,578,000 | 168,461,000 | 175,167,000 | 174,174,000 | 172,949,000 | 190,608,000 | 146,689,000 | 157,083,000 | 157,501,000 | 119,612,000 | 114,124,000 | 108,204,000 | 109,827,000 | 108,756,000 | 110,017,000 | 106,640,000 | 103,995,000 | 107,328,000 | 107,423,000 | 106,892,000 | 106,808,000 | 92,025,000 | 92,044,000 | 90,400,000 | 93,524,000 | 90,723,000 | 90,069,000 | 89,613,000 | 86,269,000 | 84,588,000 | 84,548,000 | 89,301,000 | 85,491,000 | 95,165,000 | -78,044,000 | 98,703,000 | 92,147,000 | 85,158,000 | 83,043,000 | 76,782,000 | 75,034,000 | 73,430,000 | 72,075,000 | 70,553,000 | 70,545,000 | 70,379,000 | 73,344,000 | 66,691,000 | 63,451,000 | 53,364,000 | 65,147,000 | 65,626,000 | 65,250,000 | 65,014,000 | 65,085,000 | 62,684,000 | |||
loss on sale of real estate owned | -157,416,000 | 0 | 0 | -47,939,000 | 0 | -16,867,000 | -50,829,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated entities | -19,696,000 | -14,011,000 | -3,629,000 | -5,814,000 | -4,046,000 | -9,085,000 | -4,922,000 | -15,285,000 | -325,000 | -679,000 | -2,691,000 | 573,000 | -59,159,000 | 428,000 | 3,565,000 | 719,000 | 2,412,000 | 2,691,000 | |||||||||||||||||||||||||||||||||||||||||||
return on investment in unconsolidated joint ventures and partnerships | 10,513,000 | 16,285,000 | 18,786,000 | 4,700,000 | 2,969,000 | 4,596,000 | 4,317,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of share-based compensation | 9,568,000 | 3,077,000 | 8,762,000 | 7,498,000 | 9,423,000 | 7,258,000 | 8,246,000 | 8,903,000 | 4,912,000 | 4,000,000 | 6,808,000 | 4,379,000 | 5,937,000 | 3,578,000 | 3,504,000 | 3,239,000 | 3,454,000 | 3,379,000 | 2,862,000 | 3,461,000 | 3,196,000 | 3,879,000 | |||||||||||||||||||||||||||||||||||||||
other | 12,739,000 | 8,669,000 | 8,877,000 | 8,664,000 | 5,078,000 | 10,377,000 | 7,690,000 | 9,298,000 | 2,766,000 | 9,418,000 | -1,215,000 | 2,677,000 | 3,910,000 | 514,000 | 1,745,000 | 2,140,000 | 6,665,000 | 4,264,000 | -15,053,000 | 19,399,000 | 5,018,000 | 2,497,000 | -11,227,000 | 4,685,000 | 6,830,000 | 6,324,000 | 6,565,000 | 6,898,000 | 6,357,000 | 6,697,000 | 8,281,000 | 4,775,000 | |||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in operating assets | -18,556,000 | -8,419,000 | -17,431,000 | 8,208,000 | -14,370,000 | 1,447,000 | 18,000 | -2,043,000 | -6,698,000 | -1,853,000 | -17,457,000 | 2,637,000 | 4,794,000 | -2,745,000 | 8,422,000 | 3,272,000 | -1,360,000 | -2,202,000 | 11,051,000 | -9,955,000 | 2,051,000 | 609,000 | 5,882,000 | ||||||||||||||||||||||||||||||||||||||
increase in operating liabilities | -75,916,000 | 13,269,000 | 24,157,000 | -69,633,000 | 33,228,000 | -50,611,000 | -21,347,000 | 14,232,000 | -6,480,000 | -6,378,000 | -1,366,000 | 8,620,000 | -23,329,000 | 7,436,000 | -17,665,000 | 3,132,000 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 128,743,000 | 234,935,000 | 250,329,000 | 156,216,000 | 238,462,000 | 167,599,000 | 123,605,000 | 156,652,000 | 113,981,000 | 112,489,000 | 88,799,000 | 120,985,000 | 96,018,000 | 103,692,000 | 82,521,000 | 105,729,000 | 66,660,000 | 71,925,000 | 97,312,000 | 78,090,000 | 70,014,000 | -26,850,000 | 67,846,000 | 67,122,000 | 47,953,000 | 56,691,000 | 55,710,000 | 60,269,000 | 41,510,000 | 39,733,000 | 65,656,000 | 52,437,000 | 71,557,000 | 44,350,000 | 54,043,000 | 54,562,000 | 26,799,000 | 55,503,000 | 77,136,000 | 81,594,000 | 36,345,000 | 32,217,000 | 77,726,000 | ||||||||||||||||||
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 | ||||||||||||||||||
free cash flows | 128,743,000 | 234,935,000 | 250,329,000 | 156,216,000 | 238,462,000 | 167,599,000 | 123,605,000 | 156,652,000 | 113,981,000 | 112,489,000 | 88,799,000 | 120,985,000 | 96,018,000 | 103,692,000 | 82,521,000 | 105,729,000 | 66,660,000 | 71,925,000 | 97,312,000 | 78,090,000 | 70,014,000 | -26,850,000 | 67,846,000 | 67,122,000 | 47,953,000 | 56,691,000 | 55,710,000 | 60,269,000 | 41,510,000 | 39,733,000 | 65,656,000 | 52,437,000 | 71,557,000 | 44,350,000 | 54,043,000 | 54,562,000 | 26,799,000 | 55,503,000 | 77,136,000 | 81,594,000 | 36,345,000 | 32,217,000 | 77,726,000 | ||||||||||||||||||
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate investments | 218,561,000 | 0 | 0 | 203,565,000 | 0 | 98,650,000 | 154,857,000 | 0 | 89,433,000 | 0 | 0 | 3,250,000 | -200,000 | -1,313,000 | 464,109,000 | 130,571,000 | 47,767,000 | 50,000 | 1,967,000 | 10,616,000 | 23,437,000 | 1,451,047,000 | 283,062,000 | 66,060,000 | 59,111,000 | 259,192,000 | 102,858,000 | 29,135,000 | |||||||||||||||||||||||||||||||||
development of real estate assets | -28,509,000 | -7,972,000 | -6,430,000 | -8,835,000 | -20,509,000 | -30,595,000 | -42,498,000 | -86,287,000 | -32,683,000 | -39,923,000 | -23,087,000 | -4,096,000 | -6,237,000 | -44,457,000 | -63,718,000 | -62,023,000 | -65,411,000 | -63,022,000 | -41,724,000 | -70,417,000 | -30,093,000 | -36,045,000 | -11,820,000 | -25,302,000 | -22,520,000 | -43,563,000 | -90,850,000 | -44,679,000 | -59,817,000 | -56,147,000 | -86,853,000 | -85,181,000 | -76,741,000 | -64,321,000 | -49,342,000 | -56,519,000 | -26,027,000 | -23,040,000 | -21,507,000 | -12,424,000 | -17,947,000 | -33,206,000 | -28,565,000 | -40,962,000 | -44,434,000 | -44,178,000 | -53,583,000 | -58,122,000 | -43,312,000 | -34,662,000 | -23,978,000 | -32,391,000 | -26,243,000 | -25,546,000 | -17,280,000 | -12,575,000 | -14,297,000 | ||||
capital expenditures and other major improvements — real estate assets | -43,461,000 | -70,320,000 | -60,257,000 | -52,990,000 | -67,317,000 | -52,563,000 | -54,353,000 | -46,265,000 | -28,424,000 | -31,100,000 | -32,983,000 | -38,976,000 | -31,264,000 | -59,264,000 | |||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures — non-real estate assets | -1,396,000 | -958,000 | -19,751,000 | -8,877,000 | -6,326,000 | -4,583,000 | -4,532,000 | -9,333,000 | -3,041,000 | -4,879,000 | -2,479,000 | -3,801,000 | -3,346,000 | -1,068,000 | -433,000 | -1,187,000 | -810,000 | -1,233,000 | 8,000 | -2,506,000 | -1,277,000 | -664,000 | -1,365,000 | -1,029,000 | -1,218,000 | -437,000 | -1,220,000 | -1,360,000 | -1,802,000 | -1,115,000 | -2,126,000 | -2,313,000 | -4,163,000 | -2,063,000 | -629,000 | -1,092,000 | -9,783,000 | -1,614,000 | -863,000 | -1,010,000 | -687,000 | -709,000 | -1,936,000 | 21,000 | 355,000 | -3,302,000 | -3,343,000 | -1,902,000 | -12,409,000 | -4,144,000 | -4,794,000 | -1,109,000 | -1,031,000 | -1,727,000 | -680,000 | -367,000 | -1,259,000 | ||||
investment in unconsolidated joint ventures and partnerships | -843,000 | -60,238,000 | -17,281,000 | -4,209,000 | -8,084,000 | -1,105,000 | -1,821,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions received from unconsolidated joint ventures and partnerships | 139,301,000 | 26,361,000 | 42,401,000 | 3,726,000 | 4,454,000 | 4,289,000 | 3,108,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment/(issuance) of notes receivable | 0 | 2,564,000 | -114,564,000 | 0 | -270,000 | -16,501,000 | -13,542,000 | 2,800,000 | -4,440,000 | -900,000 | -520,000 | 5,285,000 | -1,240,000 | -20,000,000 | -1,304,000 | 25,915,000 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 283,653,000 | -113,127,000 | -58,754,000 | 17,816,000 | -97,782,000 | 18,447,000 | 41,039,000 | -149,147,000 | -77,501,000 | -44,954,000 | -64,416,000 | -114,238,000 | -49,538,000 | -142,865,000 | -136,709,000 | -101,017,000 | -150,126,000 | -136,955,000 | 302,049,000 | -224,353,000 | 859,804,000 | -820,724,000 | -209,202,000 | -56,858,000 | -57,369,000 | 109,305,000 | -99,215,000 | -110,504,000 | -88,854,000 | -75,830,000 | 577,492,000 | -43,218,000 | 147,777,000 | -77,411,000 | -98,545,000 | -20,984,000 | -41,196,000 | ||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on secured debt | -1,685,000 | -45,857,000 | -1,746,000 | -1,485,000 | -847,000 | -40,749,000 | -292,000 | -295,000 | -270,000 | -28,840,000 | -2,781,000 | -938,000 | -962,000 | -1,133,000 | -1,172,000 | -1,094,000 | -224,655,000 | -99,463,000 | -22,494,000 | -207,315,000 | -143,294,000 | -2,205,000 | -187,097,000 | -2,312,000 | -2,283,000 | -2,266,000 | -36,571,000 | -2,086,000 | -39,818,000 | -2,486,000 | -39,357,000 | -3,199,000 | -4,752,000 | -2,599,000 | -411,581,000 | -72,953,000 | 125,865,000 | -17,871,000 | -2,584,000 | -202,312,000 | -87,563,000 | -15,900,000 | -11,488,000 | -72,357,000 | -125,407,000 | -11,399,000 | -7,610,000 | -15,196,000 | -140,881,000 | -1,423,000 | -6,425,000 | -67,625,000 | -86,603,000 | -54,562,000 | |||||||
net proceeds/(repayment) of commercial paper | -275,000,000 | 120,000,000 | -30,000,000 | -39,900,000 | 40,000,000 | -18,075,000 | 105,000,000 | 85,000,000 | 20,000,000 | -30,000,000 | -85,000,000 | 302,000,000 | -11,115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds/(repayment) of revolving bank debt | 118,172,000 | -14,529,000 | -4,431,000 | 25,285,000 | -25,503,000 | 22,467,000 | -14,244,000 | 11,591,000 | -10,210,000 | -57,617,000 | 58,214,000 | -20,932,000 | 54,294,000 | -7,760,000 | 35,940,000 | 659,000 | 3,918,000 | 14,790,000 | -225,575,000 | -12,274,000 | 182,851,000 | -73,652,000 | 40,000,000 | -347,000,000 | 68,000,000 | 236,500,000 | 287,500,000 | 58,500,000 | 94,000,000 | -224,000,000 | 357,000,000 | -180,550,000 | 153,800,000 | 164,300,000 | |||||||||||||||||||||||||||
repurchase of common shares | -100,000,000 | 0 | -19,988,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to redeemable noncontrolling interests | -9,930,000 | -9,970,000 | -9,982,000 | -9,819,000 | -10,504,000 | -10,452,000 | -8,178,000 | -8,560,000 | -8,517,000 | -8,164,000 | -7,618,000 | -8,252,000 | -8,553,000 | -8,150,000 | -7,990,000 | -7,884,000 | -7,909,000 | -7,476,000 | -7,509,000 | -7,555,000 | -7,539,000 | -7,085,000 | -2,893,000 | -2,613,000 | -2,639,000 | -2,509,000 | -2,510,000 | -2,510,000 | -2,549,000 | -2,360,000 | -2,362,000 | -2,263,000 | |||||||||||||||||||||||||||||
distributions paid to preferred stockholders | -1,199,000 | -1,199,000 | -1,223,000 | -1,185,000 | -1,247,000 | -1,210,000 | -1,097,000 | -1,122,000 | -1,045,000 | -1,100,000 | -1,015,000 | -1,042,000 | -959,000 | -979,000 | -915,000 | -918,000 | -933,000 | -925,000 | -934,000 | -925,000 | -934,000 | -924,000 | -930,000 | -930,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -931,000 | -310,000 | -3,405,000 | -2,308,000 | -2,307,000 | -2,328,000 | -2,368,000 | -2,369,000 | -2,368,000 | -2,372,000 | -2,379,000 | -2,803,000 | -2,800,000 | -2,800,000 | -2,800,000 | -2,800,000 | -3,211,000 | -3,209,000 | -3,209,000 | -3,209,000 | -2,450,000 | -3,811,000 | -3,842,000 | -3,842,000 | -3,843,000 | ||||
distributions paid to common stockholders | -141,267,000 | -142,459,000 | -142,445,000 | -140,729,000 | -139,962,000 | -138,247,000 | -125,083,000 | -129,565,000 | -106,833,000 | -106,165,000 | -100,930,000 | -96,512,000 | -88,911,000 | -86,306,000 | -83,051,000 | -82,948,000 | -82,898,000 | -78,942,000 | -78,829,000 | -78,582,000 | -78,808,000 | -72,704,000 | -72,710,000 | -71,899,000 | -71,867,000 | -66,692,000 | -66,358,000 | -65,404,000 | -65,386,000 | -58,952,000 | -59,043,000 | -55,035,000 | -55,032,000 | -55,039,000 | -50,085,000 | -47,314,000 | -39,022,000 | -34,262,000 | -33,650,000 | -33,522,000 | -30,115,000 | -29,038,000 | -28,054,000 | -27,556,000 | -27,095,000 | -47,800,000 | -42,125,000 | -38,096,000 | -42,207,000 | -42,693,000 | -43,987,000 | -44,460,000 | -44,436,000 | -44,769,000 | -42,258,000 | -40,229,000 | -40,764,000 | ||||
net cash from financing activities | -414,530,000 | -120,671,000 | -189,787,000 | -176,138,000 | -138,260,000 | -188,946,000 | -154,215,000 | -9,371,000 | -34,981,000 | -70,609,000 | -26,052,000 | -10,031,000 | -55,430,000 | 50,098,000 | 39,830,000 | -168,919,000 | 29,363,000 | -62,092,000 | -199,585,000 | 145,394,000 | -837,166,000 | 744,726,000 | 152,022,000 | 11,111,000 | 29,794,000 | 3,636,000 | 60,112,000 | -193,891,000 | 52,050,000 | 76,033,000 | 36,260,000 | -37,507,000 | -547,323,000 | -11,419,000 | -225,488,000 | -2,931,000 | 61,733,000 | 9,560,000 | -26,467,000 | ||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -2,134,000 | 1,137,000 | 1,788,000 | -2,106,000 | 2,420,000 | -2,900,000 | 10,429,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of year | 36,932,000 | 0 | 0 | 35,427,000 | 0 | 34,866,000 | 30,194,000 | 4,247,000 | 24,171,000 | 0 | 33,291,000 | 0 | 208,891,000 | 0 | 21,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | 34,798,000 | 1,137,000 | 1,788,000 | 33,321,000 | 2,420,000 | 31,966,000 | 29,210,000 | -5,911,000 | 34,600,000 | -53,000 | 22,929,000 | -131,000 | 24,154,000 | 10,059,000 | 20,853,000 | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid during the period, net of amounts capitalized | 70,848,000 | 69,325,000 | 24,728,000 | 71,942,000 | 28,439,000 | 69,197,000 | 64,707,000 | 15,614,000 | 56,281,000 | 27,323,000 | 57,320,000 | 23,203,000 | 44,271,000 | 23,048,000 | 35,155,000 | 28,961,000 | 33,584,000 | 32,463,000 | 31,015,000 | 32,875,000 | 31,918,000 | 35,170,000 | 26,166,000 | 40,282,000 | 35,941,000 | 31,111,000 | 38,180,000 | 22,997,000 | 41,573,000 | 38,724,000 | 41,854,000 | 47,149,000 | 31,774,000 | 44,788,000 | |||||||||||||||||||||||||||
cash paid for amounts included in the measurement of lease liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating cash flows from operating leases | 3,189,000 | 3,126,000 | 3,125,000 | 3,126,000 | 3,125,000 | 3,126,000 | 3,126,000 | 3,125,000 | 3,126,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid/(refunds received) for income taxes | 61,000 | 90,000 | 949,000 | -51,000 | 206,000 | 699,000 | -36,000 | 1,001,000 | 323,000 | 1,167,000 | 241,000 | 751,000 | -22,000 | 162,000 | 1,470,000 | 171,000 | |||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of real estate investment held by qualified intermediary | 134,803,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development costs and capital expenditures incurred, but not yet paid | 25,683,000 | 12,202,000 | 7,115,000 | 16,318,000 | -6,847,000 | 34,728,000 | 35,524,000 | 16,995,000 | 31,628,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership and downreit partnership noncontrolling interests to common stock | 3,348,000 | 4,472,000 | 4,714,000 | 2,219,000 | 5,188,000 | 7,288,000 | 386,000 | 4,083,000 | 4,497,000 | 3,420,000 | 7,830,000 | 38,743,000 | 72,846,000 | 965,000 | 11,695,000 | 1,302,000 | 4,285,000 | 1,850,000 | |||||||||||||||||||||||||||||||||||||||||||
dividends declared, but not yet paid | 152,871,000 | 122,000 | -94,000 | 153,756,000 | 6,000 | 151,512,000 | 148,409,000 | 116,693,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
the following reconciles cash, cash equivalents, and restricted cash to amounts as shown above: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of year: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,222,000 | 0 | 0 | 1,326,000 | 0 | 2,922,000 | 1,193,000 | 1,409,000 | 0 | 8,106,000 | 0 | 185,216,000 | 0 | 2,038,000 | |||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 35,710,000 | 0 | 0 | 34,101,000 | 0 | 31,944,000 | 29,001,000 | 22,762,000 | 0 | 25,185,000 | 23,675,000 | 0 | 19,792,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash as shown above | 36,932,000 | 0 | 0 | 35,427,000 | 0 | 34,866,000 | 30,194,000 | 24,171,000 | 0 | 33,291,000 | 0 | 208,891,000 | 0 | 21,830,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity securities | 0 | 4,624,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase deposits on pending acquisitions | -743,000 | 11,821,000 | -12,821,000 | -10,350,000 | 0 | -1,000,000 | 0 | 0 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on unsecured debt | -300,000,000 | 0 | 0 | -11,680,000 | -83,373,000 | -111,000 | -110,000 | -108,000 | -325,211,000 | 0 | 0 | -128,500,000 | -184,000,000 | 0 | 0 | 0 | -100,000,000 | -97,039,000 | -156,983,000 | -10,807,000 | 252,000 | 0 | -29,488,000 | -50,000,000 | -239,801,000 | -37,725,000 | -164,202,000 | -200,031,000 | -85,125,000 | -64,618,000 | -34,973,000 | -267,440,000 | 0 | -75,000,000 | 0 | -92,255,000 | -24,820,000 | -49,760,000 | |||||||||||||||||||||||
net proceeds from the issuance of unsecured debt | 298,776,000 | 0 | 211,320,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable settled in exchange for real estate owned | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of note receivable to equity securities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of year: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision/(recovery) for credit losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate assets | -317,456,000 | -23,693,000 | 0 | -141,727,000 | -327,575,000 | -403,245,000 | 0 | 0 | -65,381,000 | -5,768,000 | -121,219,000 | 0 | -77,793,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common shares through public offering | -462,000 | 20,693,000 | 192,179,000 | -27,000 | -45,000 | -17,000 | 173,300,000 | -120,000 | 101,392,000 | -51,000 | 108,790,000 | -142,000 | -98,000 | -205,000 | 555,818,000 | 200,623,000 | 539,204,000 | 230,938,000 | 94,168,000 | -218,000 | 364,339,000 | 30,134,000 | 73,310,000 | ||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt assumed upon acquisition of real estate assets | 58,464,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
op units issued for real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable long-term and short-term incentive plan units | 6,989,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of equity securities from unconsolidated real estate technology investments | 7,749,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of operating properties to unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of preferred equity investment to note receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/ | 32,925,000 | 62,096,000 | 5,540,000 | 38,318,000 | 26,602,000 | 22,444,000 | 89,225,000 | 17,570,000 | 11,062,000 | 28,396,000 | 67,752,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain)/loss on sale of real estate owned | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income)/income from unconsolidated entities | -9,707,000 | -8,021,000 | -3,367,000 | -6,625,000 | -49,000 | 2,032,000 | 1,677,000 | -1,819,000 | 1,426,000 | -11,198,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
(increase)/decrease in operating assets | -7,119,000 | -20,396,000 | 114,000 | -4,461,000 | 2,295,000 | -19,262,000 | 3,560,000 | 1,113,000 | -13,158,000 | 3,856,000 | 627,000 | -3,269,000 | -5,788,000 | -4,854,000 | 5,032,000 | ||||||||||||||||||||||||||||||||||||||||||||||
increase/(decrease) in operating liabilities | -41,285,000 | 38,407,000 | -31,666,000 | -631,000 | -17,463,000 | 4,642,000 | -7,660,000 | 17,630,000 | -1,512,000 | -14,528,000 | 3,984,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) operating activities | 168,015,000 | 181,559,000 | 135,456,000 | 149,088,000 | 137,333,000 | 122,845,000 | 132,256,000 | 148,871,000 | 119,534,000 | 120,464,000 | 110,382,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) investing activities | -117,340,000 | 52,150,000 | -214,044,000 | -346,244,000 | -459,749,000 | -86,669,000 | -24,586,000 | -100,679,000 | -119,915,000 | -162,789,000 | 7,252,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) financing activities | -51,659,000 | -233,762,000 | 68,226,000 | 197,025,000 | 137,679,000 | -26,117,000 | -108,647,000 | -47,815,000 | -668,000 | 42,673,000 | -117,015,000 | 47,594,000 | 302,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net increase/(decrease) in cash, cash equivalents, and restricted cash | -984,000 | -53,000 | -10,362,000 | -131,000 | -184,737,000 | 10,059,000 | -977,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 41,950,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of prepayment and extinguishment costs | -40,769,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of land parcel pursuant to a deed in lieu of foreclosure | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cancellation of secured note receivable pursuant to a deed in lieu of foreclosure | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable long-term incentive plan units | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return on investment in unconsolidated joint ventures | 1,094,000 | 275,000 | 1,741,000 | 1,101,000 | 1,977,000 | 693,000 | 678,000 | 940,000 | 1,214,000 | 1,455,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures | -48,604,000 | -3,902,000 | -16,139,000 | -30,485,000 | -21,389,000 | -21,809,000 | -19,736,000 | -34,661,000 | -43,316,000 | -24,193,000 | -10,330,000 | -9,197,000 | -7,373,000 | -13,262,000 | -22,035,000 | -11,529,000 | -158,615,000 | -25,463,000 | -55,770,000 | -46,605,000 | -99,079,000 | -21,476,000 | -17,229,000 | -936,000 | 37,795,000 | -23,382,000 | -37,971,000 | -259,156,000 | -14,264,000 | -30,904,000 | -2,341,000 | -105,224,000 | -16,000 | -5,533,000 | -148,000 | ||||||||||||||||||||||||||
distributions received from unconsolidated joint ventures | 32,648,000 | 2,460,000 | 3,271,000 | 16,109,000 | 10,797,000 | 11,752,000 | 5,633,000 | 38,843,000 | 16,499,000 | 9,711,000 | 33,644,000 | 18,809,000 | 5,680,000 | 7,983,000 | 6,106,000 | 7,110,000 | 4,594,000 | 41,481,000 | 41,315,000 | 5,377,000 | 4,846,000 | 7,661,000 | 88,516,000 | 14,393,000 | |||||||||||||||||||||||||||||||||||||
transfer of investment in and advances to unconsolidated joint ventures to real estate owned | 0 | 14,700,000 | 0 | 40,433,000 | 0 | 0 | 32,260,000 | 3,323,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of intellectual property in exchange for cancellation of secured note receivable | 0 | 2,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recognition of allowance for credit losses | 0 | 2,182,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
vesting of ltip units | 14,578,000 | 0 | 23,018,000 | 14,335,000 | 0 | 4,397,000 | 0 | 0 | 2,317,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
recognition of operating lease right-of-use assets | 94,349,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recognition of operating lease liabilities | 88,336,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development costs and capital expenditures incurred but not yet paid | 832,000 | 25,568,000 | 1,506,000 | 10,745,000 | -7,133,000 | 39,746,000 | -300,000 | 14,959,000 | 34,336,000 | 1,624,000 | 21,720,000 | 21,220,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared but not yet paid | -5,000 | 115,259,000 | 63,000 | 105,548,000 | 9,000 | 95,122,000 | 7,000 | 11,000 | 91,436,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain)/loss on sale of real estate owned, net of tax | 0 | -70,300,000 | 0 | 0 | -2,132,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures and other major improvements — real estate assets, net of escrow reimbursement | -29,847,000 | -14,765,000 | -40,347,000 | -29,377,000 | -21,921,000 | -32,123,000 | -10,617,000 | -24,195,000 | -24,917,000 | -33,281,000 | -32,666,000 | -27,022,000 | -20,431,000 | -14,347,000 | -24,758,000 | -27,348,000 | -30,226,000 | -60,130,000 | -22,208,000 | -37,234,000 | -40,660,000 | -41,086,000 | -25,897,000 | -22,185,000 | -15,506,000 | -21,296,000 | -16,249,000 | -25,525,000 | -10,907,000 | -21,522,000 | -27,157,000 | -26,455,000 | -10,269,000 | -22,106,000 | -31,520,000 | -37,749,000 | -31,859,000 | -42,662,000 | -47,551,000 | -54,172,000 | -50,042,000 | -48,006,000 | |||||||||||||||||||
the following reconciles cash, cash equivalents, and restricted cash to the total of the same amounts as shown above: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds/(repayment) of unsecured debt | -25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of unsecured debt | 45,000,000 | 319,292,000 | 220,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 396,400,000 | 0 | 250,000,000 | 0 | 0 | 149,190,000 | 0 | 0 | 0 | 240,000,000 | 0 | 0 | 0 | 150,000,000 | 250,000,000 | 0 | 231,108,000 | ||||||||||||||||||||||||||||||||||
transfers to escrow for internal revenue code section 1031 exchanges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of secured debt | 25,000,000 | 0 | 0 | 0 | 949,000 | 4,553,000 | 0 | 0 | 62,000 | 188,000 | -28,468,000 | 11,338,000 | 9,023,000 | 10,181,000 | 5,547,000 | 10,953,000 | 23,828,000 | 28,052,000 | 125,576,000 | 145,235,000 | 19,656,000 | 269,969,000 | 288,277,000 | 82,681,000 | 61,796,000 | 12,408,000 | 11,410,000 | 13,446,000 | 60,440,000 | 6,508,000 | 34,046,000 | 35,487,000 | 2,469,000 | 6,858,000 | |||||||||||||||||||||||||||
net increase/(decrease) in cash and cash equivalents | 377,000 | -1,049,000 | 348,000 | 619,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 2,112,000 | 0 | 0 | 6,742,000 | 0 | 0 | 15,224,000 | 0 | 0 | 30,249,000 | 0 | 12,115,000 | 0 | 0 | 12,503,000 | 0 | 0 | 9,486,000 | 0 | 0 | 5,985,000 | 0 | 0 | 12,740,000 | 0 | 0 | 3,219,000 | 0 | 0 | 2,143,000 | 0 | 0 | 15,543,000 | ||||||||||||||||||||||||||
cash and cash equivalents, end of period | 377,000 | -1,049,000 | 2,460,000 | -1,866,000 | 1,499,000 | 3,668,000 | -1,669,000 | -3,284,000 | 6,274,000 | -12,211,000 | 10,925,000 | 15,891,000 | 1,914,000 | 7,121,000 | -101,735,000 | 180,554,000 | 3,558,000 | -8,152,000 | 9,942,000 | 11,692,000 | 2,033,000 | -11,846,000 | 19,920,000 | 19,971,000 | -32,149,000 | 37,132,000 | 1,449,000 | -58,775,000 | 60,187,000 | -575,000 | 1,252,000 | 1,676,000 | 22,458,000 | -30,046,000 | 36,336,000 | ||||||||||||||||||||||||||
tax provision/(benefit) | 366,000 | 332,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income/(loss) to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax (benefit)/provision | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate assets (net of liabilities assumed) and initial capital expenditures | -91,376,000 | -4,051,000 | -4,885,000 | 0 | -26,774,000 | -267,718,000 | -128,912,000 | -513,134,000 | -238,206,000 | -74,223,000 | -62,968,000 | -60,600,000 | -18,556,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
(issuance)/repayment of notes receivable | 0 | 0 | -1,200,000 | 0 | 0 | -1,125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate owned, net of tax | 0 | -7,315,000 | -3,070,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax provision | 94,000 | -402,000 | -403,000 | -633,000 | -1,404,000 | -425,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate investments | -42,000 | -8,000 | 21,951,000 | 0 | 185,991,000 | 0 | 47,922,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -1,866,000 | 1,499,000 | -3,074,000 | -1,669,000 | -3,284,000 | -8,950,000 | 10,925,000 | -14,358,000 | -101,735,000 | 180,554,000 | -8,945,000 | -4,212,000 | -8,152,000 | 9,942,000 | 2,206,000 | 13,935,000 | 24,392,000 | 9,879,000 | 1,449,000 | -58,775,000 | 56,968,000 | 866,000 | -575,000 | 1,252,000 | -467,000 | -26,605,000 | 20,793,000 | ||||||||||||||||||||||||||||||||||
acquisition of real estate | 0 | 0 | 24,067,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value adjustment of debt acquired as part of acquisition of real estate | 0 | 0 | 1,363,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership and downreit partnership noncontrolling interest to common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership noncontrolling interest to common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
casualty-related (recoveries)/charges | 541,000 | 843,000 | 996,000 | 41,000 | 0 | 0 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain/(loss) on sale of real estate owned, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit/(provision) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated entities | 2,074,000 | -515,000 | 2,802,000 | 1,348,000 | 1,332,000 | 1,447,000 | 835,000 | 1,185,000 | 737,000 | 478,000 | 16,742,000 | 728,000 | 717,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
payments for the repurchase of series g preferred stock | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of nonredeemable noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate owned, net of tax | -31,377,000 | -26,709,000 | -24,294,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit | -2,490,000 | -2,230,000 | -3,329,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease/(increase) in operating assets | -2,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds of revolving bank debt | -116,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of op units into common shares | 4,127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of real estate owned to investment in and advances to unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of notes receivable | -1,535,000 | -500,000 | -2,180,000 | -4,969,000 | -7,152,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on the sale of depreciable property, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hurricane-related (recoveries)/charges | -1,727,000 | -548,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in operating liabilities | 10,123,000 | -19,406,000 | -3,295,000 | 15,829,000 | 314,000 | -15,487,000 | 8,853,000 | 3,848,000 | -12,897,000 | 13,687,000 | 18,389,000 | 17,305,000 | 115,000 | -37,341,000 | 10,413,000 | 15,177,000 | -28,689,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by investing activities | -62,338,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease)/increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt assumed in the acquisitions of properties, including asset exchange | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair market value adjustment of secured debt assumed in acquisitions of properties, including asset exchange | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership redeemable noncontrolling interests to common stock | 62,000 | 1,649,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income | -309,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net (loss)/income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit of taxable reit subsidiary | -1,973,000 | -22,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on debt extinguishment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures related to rehabilitation of hurricane-damaged assets | -2,592,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -4,994,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sale of marketable securities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sale of cost investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on the sale of depreciable property | -156,000 | 1,133,000 | -172,006,000 | -80,525,000 | -4,002,000 | -11,364,000 | -3,878,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain)/loss on debt extinguishment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs and other | -2,719,000 | 2,090,000 | 2,247,000 | 2,540,000 | -3,976,000 | 2,163,000 | 1,315,000 | 2,923,000 | 3,096,000 | 1,922,000 | 1,845,000 | 2,094,000 | 2,454,000 | 2,092,000 | 2,164,000 | 1,243,000 | 654,000 | 2,345,000 | 2,188,000 | 2,575,000 | 1,889,000 | 1,882,000 | 1,924,000 | 1,787,000 | 1,695,000 | 1,491,000 | |||||||||||||||||||||||||||||||||||
amortization of deferred compensation | 860,000 | 832,000 | 4,736,000 | 2,313,000 | 2,545,000 | 2,449,000 | 2,656,000 | 2,332,000 | 3,071,000 | 3,110,000 | 2,898,000 | 1,743,000 | 1,666,000 | 1,857,000 | 2,339,000 | 1,678,000 | 1,812,000 | 1,790,000 | 1,744,000 | ||||||||||||||||||||||||||||||||||||||||||
hurricane-related charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of convertible debt discount | 358,000 | 360,000 | 359,000 | 776,000 | 859,000 | 928,000 | 967,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in income tax accruals | 23,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase/decrease in operating assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable securities | 1,044,000 | 3,021,000 | 476,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to the buyout of joint venture partner | 0 | 0 | 0 | -16,141,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid in nonmonetary asset exchange | 12,717,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(purchase)/issuance of note receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase deposits on pending real estate acquisitions | 40,766,000 | -26,726,000 | -17,450,000 | 234,000 | 5,050,000 | -4,957,000 | -1,021,000 | 7,273,000 | -11,765,000 | -1,300,000 | -1,752,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayment)/borrowings of revolving bank debt | 76,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of financing costs | 40,000 | -14,000 | -121,000 | -4,221,000 | 1,049,000 | -812,000 | -3,011,000 | -369,000 | -3,204,000 | -2,549,000 | -725,000 | -1,766,000 | -3,383,000 | -1,475,000 | -462,000 | -3,330,000 | -3,745,000 | -619,000 | 639,000 | -2,977,000 | 663,000 | -2,296,000 | -3,417,000 | -1,725,000 | -827,000 | -8,081,000 | |||||||||||||||||||||||||||||||||||
(forfeitures)/issuance of common and restricted stock | -19,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for redemption of op unitholder for cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to redeemable non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of nonredeemable non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of purchase deposit made in 2011 to unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership non-controlling interests to common stock | 50,000 | 333,000 | 61,000 | 7,769,000 | 336,000 | 215,000 | 164,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate acquired in asset exchange | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate disposed in asset exchange | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration accrued in business combination | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
op units issued in partial consideration for property acquisition | 0 | 48,156,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt transferred in asset exchange | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair market value of land contributed by non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash consideration to acquire non-real estate asset | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of fully depreciated assets | 0 | 1,497,000 | 0 | 7,183,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax expense of taxable reit subsidiary | -2,960,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | 8,000 | 4,143,000 | -4,428,000 | -7,000 | 40,000 | 4,019,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in operating assets | 1,534,000 | 18,879,000 | 2,044,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions received from unconsolidated joint venture | 23,424,000 | 4,423,000 | 940,000 | 4,104,000 | 155,000 | 333,000 | 251,000 | 151,000 | 328,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance and purchase of note receivable | -24,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to non-controlling interests | -2,268,000 | -2,269,000 | -2,231,000 | -5,765,000 | -1,758,000 | -1,194,000 | -1,245,000 | -384,000 | -1,341,000 | -1,344,000 | -1,350,000 | -1,766,000 | 245,000 | -4,404,000 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of restricted stock awards | 3,000 | 0 | 2,000 | 4,000 | 0 | 0 | 1,000 | 15,000 | 1,000 | 0 | -2,000 | 3,000 | 2,000 | -4,732,000 | 811,000 | 3,925,000 | 0 | -2,447,000 | 2,449,000 | -328,000 | 310,000 | ||||||||||||||||||||||||||||||||||||||||
write off of bad debt | 777,000 | 721,000 | -282,000 | 1,081,000 | 667,000 | 574,000 | 802,000 | 828,000 | 534,000 | 674,000 | 935,000 | 809,000 | 911,000 | 915,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net repayment of revolving bank debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common and restricted stock | -9,395,000 | 1,210,000 | 0 | 170,000 | 3,662,000 | 766,000 | 304,000 | 934,000 | 3,442,000 | 1,367,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of note receivable | -13,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities sold prior to and settled subsequent to end of period | 2,590,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net income | 14,909,000 | -28,656,000 | -24,605,000 | -27,640,000 | -25,026,000 | -12,660,000 | -13,423,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from note receivable | 0 | 0 | -26,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances from/(payments to) general partner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
op unit redemption | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to partnership unitholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid during the year, net of amounts capitalized | 42,498,000 | 39,760,000 | 41,433,000 | 40,562,000 | 38,429,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
properties acquired, including intangibles in asset exchange | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
properties disposed in asset exchange, net of accumulated depreciation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair market value of secured debt assumed in acquisitions of properties, including asset exchange | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset exchange cash paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized gain on sale of marketable securities | -3,123,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain)/loss on the sale of depreciable property | -41,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayments on income taxes | 503,000 | 502,000 | 325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net (loss)/income | -25,785,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on the sale of depreciable property | 62,000 | -601,000 | 736,000 | -6,705,000 | -13,066,000 | -767,146,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on the sale of land | 0 | 0 | -8,000 | -175,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on consolidation of joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write off of the fair market adjustment for debt paid off on consolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on debt extinguishment | 83,000 | 91,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write off of note receivable and other assets | 265,000 | 137,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in income tax accrual | 1,837,000 | -2,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease)/increase in operating liabilities | -16,851,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of marketable securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions received from/(paid to) unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disbursements related to notes receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of marketable securities | 1,000 | -3,000 | -3,000 | -30,936,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in funds held in escrow from irc section 1031 exchanges | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayment)/proceeds of revolving bank debt | -80,850,000 | -21,300,000 | 12,900,000 | -68,300,000 | 10,000,000 | 51,100,000 | -116,100,000 | 96,200,000 | 19,900,000 | -309,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
payments from the repurchase of series g preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment from the investment of performance based programs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | 0 | 0 | -798,000 | 0 | -9,019,000 | -29,192,000 | -102,322,000 | -19,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt assumed with the acquisition of properties, net of fair value adjustment | 0 | 0 | 27,000,000 | 0 | 68,728,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of special dividend through the issuance of 11,358,042 shares of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of note receivable upon the disposition of real estate | 0 | 0 | 0 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on the repurchase of series g preferred stock | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/gain on the sale of depreciable property | 41,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on debt extinguishment | 0 | 0 | -2,736,000 | -7,113,000 | -20,784,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on the sale of depreciable property to a joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayments/(refunds) on income taxes | 1,008,000 | 719,000 | 713,000 | 414,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint venture | -1,117,000 | -6,530,000 | -16,257,000 | -1,084,000 | -3,801,000 | 1,318,000 | -376,000 | 463,000 | -252,000 | 2,649,000 | -5,929,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
(payments)/proceeds from the (repurchase)/issuance of series g preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of preferred stock issuance costs | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(repayment)/proceeds from the investment of performance based programs | -178,000 | -21,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of series b preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets contributed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of convertible debt premium | 967,000 | 1,053,000 | 1,296,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock through public offering | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the redemption of series g preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of the investment of performance based programs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid during the period | 41,027,000 | 42,174,000 | 39,376,000 | 82,460,000 | 8,855,000 | 42,731,000 | 42,041,000 | 49,422,000 | 46,975,000 | 50,894,000 | 31,559,000 | 52,980,000 | 43,710,000 | 46,622,000 | 40,658,000 | ||||||||||||||||||||||||||||||||||||||||||||||
(payments on)/ proceeds from the issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile consolidated net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(gains) on the sale of depreciable property | 168,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write off of notes receivable and other assets | 439,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments on)/proceeds from the issuance of common stock | -335,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership minority interests to common stock | 4,225,000 | 10,796,000 | 53,000 | 1,274,000 | 53,000 | 39,000 | 4,199,000 | 4,373,000 | 7,671,000 | 67,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of technology investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | -2,218,000 | -345,000 | 414,000 | 48,842,000 | 5,823,000 | 4,371,000 | 38,000 | 1,726,000 | 1,491,000 | 3,541,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
(refunds)/prepayments on income taxes | -2,799,000 | 123,000 | -3,238,000 | -932,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of technology investment | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of capped call equity instrument | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the (redemption)/issuance of series g preferred stock | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of minority interests owned by series a llc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to minority interests | -9,743,000 | -2,930,000 | -3,031,000 | -2,962,000 | -2,804,000 | -2,987,000 | -3,143,000 | -3,165,000 | -3,192,000 | -3,535,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions associated with consolidated joint venture: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt assumed | -22,272,000 | 22,271,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating liabilities assumed | -1,188,000 | 1,188,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disbursements related to note receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock | 1,774,000 | 100,000 | 617,000 | 594,000 | 1,012,000 | 301,000 | 617,000 | 862,000 | 1,218,000 | 56,000 | 3,167,000 | 149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
repayment of note receivable | 0 | 4,000,000 | 7,960,000 | 22,460,000 | 29,385,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in funds held in escrow from irc section 1031 exchanges pending the acquisition of real estate | 116,502,000 | -292,080,000 | -407,000 | -25,373,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of series g preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(repayment)/proceeds of the investment of performance based programs | -326,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on the sale of land and depreciable property | -5,127,000 | -86,804,000 | -8,920,000 | -41,532,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on the sale of depreciable property to a joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cancellation of operating partnership units in connection with the sale of equity investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of technology investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of earnings from unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
refunds/(prepayments) on income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of real estate investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collection of notes receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to consolidated joint venture partners | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of capital from unconsolidated joint venture | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in funds held in escrow from irc 1031 exchanges pending the acquisition of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the investment of performance based programs | -37,000 | 0 | -39,000 | 126,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of minority interest from outside partners | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership units to cash | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common and preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of technology investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of restricted stock expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
refund of income taxes paid | 855,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from revolving bank debt | -39,200,000 | 72,800,000 | 48,900,000 | 22,200,000 | 17,200,000 | 73,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
collateral substitution deposit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of performance shares | 0 | 83,000 | -37,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cancellation of performance shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt assumed with the acquisition of properties | 0 | 31,362,000 | 41,318,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions associated with joint venture: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate asset acquired | 9,945,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating assets assumed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
scheduled principal payments on secured debt | -1,173,000 | -955,000 | -1,046,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of notes receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease/(increase) in funds held in escrow from tax free exchanges pending the acquisition of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-scheduled principal payments on secured debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the repayment of officer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of minority interests in series b, llc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of operating partnership units in connection with acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cancellation of a note receivable with the acquisition of a property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipt of a note receivable in connection with sales of real estate investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred gain in connection with the sale of real estate investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | 67,366,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate assets (net of liabilities assumed and initial capital expenditures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures and other major improvements—real estate assets, net of escrow reimbursement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures—non-real estate assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in consolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in funds held in escrow from 1031 exchanges pending the acquisition of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of minority interests from outside partners | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured debt assumed with acquisition of a property | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred gain in connection with sales of real estate investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in funds due to overnight investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss on real estate and investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of notes receivables | 31,140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock in connection with acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred operating partnership units in connection with acquisitions |