Real Estate
REIT - Specialty
$59.83B
3.7K
Key insights and themes extracted from this filing
Total operating revenues decreased by approximately $7.6 million, or 0.6%, to $1,331.1 million in the three months ended March 31, 2024, compared to $1,338.7 million in the same period in 2023. This decrease was primarily driven by a decrease in utility reimbursements.
Net income increased to $287.8 million for the three months ended March 31, 2024, compared to $68.8 million for the same period in 2023. This increase was primarily driven by a gain on disposition of properties.
Total operating expenses increased to $1,181.8 million for the three months ended March 31, 2024, compared to $1,161.4 million for the same period in 2023. This increase was primarily driven by an increase in depreciation and amortization.