v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Single-family properties:    
Land $ 2,263,275 $ 2,234,301
Buildings and improvements 10,928,442 10,651,388
Single-family properties in operation 13,191,717 12,885,689
Less: accumulated depreciation (2,896,586) (2,719,970)
Single-family properties in operation, net 10,295,131 10,165,719
Single-family properties under development and development land 1,228,534 1,409,424
Single-family properties and land held for sale, net 201,930 182,082
Total real estate assets, net 11,725,595 11,757,225
Cash and cash equivalents 718,380 59,385
Restricted cash 163,266 162,476
Rent and other receivables 43,456 42,823
Escrow deposits, prepaid expenses and other assets 382,836 406,138
Investments in unconsolidated joint ventures 150,128 114,198
Asset-backed securitization certificates 0 25,666
Goodwill 120,279 120,279
Total assets 13,303,940 12,688,190
Liabilities    
Revolving credit facility 0 90,000
Asset-backed securitizations, net 1,402,488 1,871,421
Unsecured senior notes, net 3,590,102 2,500,226
Accounts payable and accrued expenses 599,363 573,660
Total liabilities 5,591,953 5,035,307
Commitments and contingencies (see Note 15)
Shareholders’ equity:    
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 9,200,000 shares issued and outstanding at June 30, 2024 and December 31, 2023) 92 92
Additional paid-in capital 7,406,098 7,357,848
Accumulated deficit (385,298) (394,908)
Accumulated other comprehensive income 597 843
Total shareholders’ equity 7,025,154 6,967,524
Noncontrolling interest 686,833 685,359
Total equity 7,711,987 7,652,883
Total liabilities and equity/capital 13,303,940 12,688,190
Class A common shares    
Shareholders’ equity:    
Common stock issued 3,659 3,643
Class B common shares    
Shareholders’ equity:    
Common stock issued $ 6 $ 6