2023 Q2 Form 10-Q Financial Statement

#000091591223000010 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $690.9M $674.7M $613.9M
YoY Change 7.18% 9.9% 11.39%
Cost Of Revenue $244.8M $239.3M $222.1M
YoY Change 7.74% 7.78% 5.99%
Gross Profit $446.0M $435.4M $391.9M
YoY Change 6.88% 11.1% 14.68%
Gross Profit Margin 64.56% 64.53% 63.83%
Selling, General & Admin $17.68M $20.40M $17.42M
YoY Change -16.98% 17.1% 0.12%
% of Gross Profit 3.96% 4.69% 4.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.5M $204.7M $201.8M
YoY Change 0.62% 1.47% 10.09%
% of Gross Profit 44.96% 47.03% 51.49%
Operating Expenses $218.2M $225.1M $219.2M
YoY Change -1.07% 2.71% 9.28%
Operating Profit $471.0M $465.0M $418.3M
YoY Change 6.02% 11.18% 17.86%
Interest Expense $51.59M $56.82M $56.53M
YoY Change -12.27% 0.52% 7.44%
% of Operating Profit 10.95% 12.22% 13.51%
Other Income/Expense, Net -$1.261M -$2.992M -$987.0K
YoY Change -46.66% 203.14% -680.59%
Pretax Income $367.6M $150.3M $264.5M
YoY Change 165.59% -43.17% 86.99%
Income Tax -$217.0K $3.560M $2.471M
% Of Pretax Income -0.06% 2.37% 0.93%
Net Earnings $367.8M $146.8M $262.1M
YoY Change 165.44% -44.0% 84.26%
Net Earnings / Revenue 53.24% 21.75% 42.69%
Basic Earnings Per Share $2.59 $1.05 $1.87
Diluted Earnings Per Share $2.59 $1.05 $1.87
COMMON SHARES
Basic Shares Outstanding 142.0M shares 139.9M shares 139.6M shares
Diluted Shares Outstanding 142.1M shares 140.0M shares 140.0M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $769.6M $254.5M $343.5M
YoY Change 404.6% -25.91% 166.25%
Cash & Equivalents $769.6M $254.5M $343.5M
Short-Term Investments
Other Short-Term Assets $334.5M $297.0M $217.3M
YoY Change 32.28% 36.66% 10.88%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.104B $551.5M $560.8M
YoY Change 172.37% -1.66% 72.55%
LONG-TERM ASSETS
Property, Plant & Equipment $19.20B $19.18B $18.89B
YoY Change 1.33% 1.52% 2.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $216.5M $219.1M $219.1M
YoY Change -2.65% 0.03% 3.83%
Other Assets $248.8M $185.9M $161.1M
YoY Change 56.58% 15.41% 8.86%
Total Long-Term Assets $19.70B $19.62B $19.31B
YoY Change 1.75% 1.63% 2.73%
TOTAL ASSETS
Total Short-Term Assets $1.104B $551.5M $560.8M
Total Long-Term Assets $19.70B $19.62B $19.31B
Total Assets $20.81B $20.17B $19.87B
YoY Change 5.25% 1.54% 3.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.96M $84.98M $66.85M
YoY Change 51.56% 27.13% -21.36%
Accrued Expenses $515.2M $533.5M $511.2M
YoY Change 7.63% 4.36% -2.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $906.4M $916.0M $863.9M
YoY Change 9.82% 6.03% -2.94%
LONG-TERM LIABILITIES
Long-Term Debt $8.083B $8.087B $8.025B
YoY Change 0.77% 0.77% 6.18%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $8.083B $8.087B $8.025B
YoY Change 0.75% 0.77% 6.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $906.4M $916.0M $863.9M
Total Long-Term Liabilities $8.083B $8.087B $8.025B
Total Liabilities $8.989B $9.003B $8.889B
YoY Change 1.6% 1.28% 5.21%
SHAREHOLDERS EQUITY
Retained Earnings $534.3M $401.9M $278.9M
YoY Change 173.95% 44.07% 491.61%
Common Stock $1.420M $1.401M $1.399M
YoY Change 1.5% 0.14% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.82B $11.17B $10.98B
YoY Change
Total Liabilities & Shareholders Equity $20.81B $20.17B $19.87B
YoY Change 5.25% 1.54% 3.92%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $367.8M $146.8M $262.1M
YoY Change 165.44% -44.0% 84.26%
Depreciation, Depletion And Amortization $200.5M $204.7M $201.8M
YoY Change 0.62% 1.47% 10.09%
Cash From Operating Activities $346.5M $396.1M $343.7M
YoY Change 16.9% 15.26% 4.1%
INVESTING ACTIVITIES
Capital Expenditures $271.1M $263.8M -$359.4M
YoY Change -193.55% -173.41% 57.22%
Acquisitions
YoY Change
Other Investing Activities $240.6M -$3.496M $269.2M
YoY Change 922.61% -101.3% 270.3%
Cash From Investing Activities -$30.54M -$267.3M -$90.20M
YoY Change -88.53% 196.38% -42.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $459.0K
YoY Change 4072.73%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 255.0M -$487.0M -$339.9M
YoY Change -212.2% 43.28% 31.73%
NET CHANGE
Cash From Operating Activities 346.5M $396.1M $343.7M
Cash From Investing Activities -30.54M -$267.3M -$90.20M
Cash From Financing Activities 255.0M -$487.0M -$339.9M
Net Change In Cash 570.9M -$358.2M -$86.38M
YoY Change -389.49% 314.67% 3.08%
FREE CASH FLOW
Cash From Operating Activities $346.5M $396.1M $343.7M
Capital Expenditures $271.1M $263.8M -$359.4M
Free Cash Flow $75.31M $132.3M $703.1M
YoY Change -87.15% -81.19% 25.83%

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CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3231000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2691000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7921000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6970000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1457000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-913000 usd
CY2023Q1 avb Casualty Gain And Impairment Loss Net Operating Activities
CasualtyGainAndImpairmentLossNetOperatingActivities
2407000 usd
CY2022Q1 avb Casualty Gain And Impairment Loss Net Operating Activities
CasualtyGainAndImpairmentLossNetOperatingActivities
0 usd
CY2023Q1 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
2992000 usd
CY2022Q1 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
8000 usd
CY2023Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-354000 usd
CY2022Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-1013000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
318000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
149839000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1439000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
267736000 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1233000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
30909000 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
19295000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
396118000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
343680000 usd
CY2023Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
229361000 usd
CY2022Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
232038000 usd
CY2023Q1 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
0 usd
CY2022Q1 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
95426000 usd
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
31281000 usd
CY2022Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
29472000 usd
CY2023Q1 avb Payments For Capital Improvements Non Real Estate
PaymentsForCapitalImprovementsNonRealEstate
3201000 usd
CY2022Q1 avb Payments For Capital Improvements Non Real Estate
PaymentsForCapitalImprovementsNonRealEstate
2472000 usd
CY2023Q1 avb Proceeds From Payments To Construction Payables
ProceedsFromPaymentsToConstructionPayables
12176000 usd
CY2022Q1 avb Proceeds From Payments To Construction Payables
ProceedsFromPaymentsToConstructionPayables
3124000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3964000 usd
CY2023Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
14034000 usd
CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 usd
CY2023Q1 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
0 usd
CY2022Q1 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
1946000 usd
CY2023Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
5602000 usd
CY2022Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
3598000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-267339000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-90200000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
135000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
459000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1129000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
223465000 usd
CY2022Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
223063000 usd
CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
899000 usd
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
362000 usd
CY2023Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
250000000 usd
CY2022Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
100000000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
662000 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
421000 usd
CY2023Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
0 usd
CY2022Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-16000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10310000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16353000 usd
CY2023Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
12000 usd
CY2022Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
12000 usd
CY2023Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
98000 usd
CY2022Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
89000 usd
CY2023Q1 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
520000 usd
CY2022Q1 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-486960000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-339857000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-358181000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-86377000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
734245000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
543788000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
376064000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
457411000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
33814000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
36290000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
254466000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
343457000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
121598000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
113954000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
376064000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
457411000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
847 shares
CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
144000 usd
CY2023Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
60693 shares
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10242000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
29000 usd
CY2023Q1 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
650000 usd
CY2023Q1 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
310000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-340000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-354000 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
605 shares
CY2022Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
150000 usd
CY2022Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
69721 shares
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
16365000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
255000 usd
CY2022Q1 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
10155000 usd
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
295 community
CY2023Q1 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
88826 home
CY2023Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
12 state
CY2023Q1 avb Number Of Owned Communities Under Construction
NumberOfOwnedCommunitiesUnderConstruction
19 community
CY2023Q1 avb Number Of Owned Communities Under Reconstruction
NumberOfOwnedCommunitiesUnderReconstruction
1 community
CY2023Q1 avb Additional Number Of Communities Expected To Be Developed
AdditionalNumberOfCommunitiesExpectedToBeDeveloped
41 community
CY2023Q1 avb Estimated Number Of Apartment Homes In Communities Expected To Be Developed
EstimatedNumberOfApartmentHomesInCommunitiesExpectedToBeDeveloped
14290 home
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139766727 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139559904 shares
CY2023Q1 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2022Q1 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
249583 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
408678 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140023810 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139976082 shares
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
146902000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
262044000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
267000 usd
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
523000 usd
CY2023Q1 us-gaap Undistributed Earnings
UndistributedEarnings
146635000 usd
CY2022Q1 us-gaap Undistributed Earnings
UndistributedEarnings
261521000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139766727 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139559904 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.87
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
146902000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
262044000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-12000 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-12000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
146914000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
262056000 usd
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140023810 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139976082 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.87
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
307625 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9793 shares
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</span></div>
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to amounts in prior years' notes to financial statements to conform to current year presentations as a result of changes in held for sale classification, disposition activity, segment classification and classification of for-sale condominium inventory and activity.</span></div>
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3560000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2471000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8377827000 usd
CY2023Q1 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Uncollectible Lease Revenue Reserves</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company assesses the collectability of its lease revenue and receivables on an ongoing basis by (i) assessing the probability of receiving all lease amounts due on a lease by lease basis, (ii) reserving all amounts for those leases where collection of substantially all of the remaining lease payments is not probable and (iii) subsequently, will only recognize revenue to the extent cash is received. If the Company determines that collection of the remaining lease payments becomes probable at a future date, the Company will recognize the cumulative revenue that would have been recorded under the original lease agreement.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the specific reserves recognized under ASC 842, the Company also evaluates its lease receivables for collectability at a portfolio level under ASC 450, Contingencies – Loss Contingencies. The Company recognizes a reserve under ASC 450 when the uncollectible revenue is probable and reasonably estimable. The Company applies this reserve to the population of the Company’s revenue and receivables not specifically addressed as part of the specific ASC 842 reserve.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company recorded an aggregate offset to income for uncollectible lease revenue, net of amounts received from government rent relief programs, for its residential and commercial portfolios of $16,971,000 and $13,600,000 for the three months ended March 31, 2023 and 2022, respectively, under ASC 842 and ASC 450.</span></div>
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
16971000 usd
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
13600000 usd
CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
11018000 usd
CY2022Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7100000 usd
CY2023Q1 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q1 us-gaap Commercial Paper
CommercialPaper
0 usd
CY2022Q4 us-gaap Commercial Paper
CommercialPaper
0 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8126927000 usd
CY2023Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.035
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.034
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
60032000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
61782000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
8066895000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
8316045000 usd
CY2023Q1 avb Commercial Paper Maximum Borrowing Capacity
CommercialPaperMaximumBorrowingCapacity
500000000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11253553000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
146902000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-340000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-354000 usd
CY2023Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-286000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.65
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
230958000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-987000 usd
CY2023Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-9963000 usd
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1129000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11123000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11169256000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10933093000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
262044000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
10155000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1013000 usd
CY2022Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-43000 usd
CY2022Q1 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-10000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.59
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
222373000 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-15763000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9176000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10977292000 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1932 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
847 shares
CY2023Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
60693 shares
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7000 shares
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7000 shares
CY2023Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
161.29
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
315019000 usd
CY2023Q1 us-gaap Forward Contract Indexed To Issuers Equity Shares
ForwardContractIndexedToIssuersEquityShares
2000000 shares
CY2023Q1 us-gaap Forward Contract Indexed To Equity Settlement Share Fair Value Per Share
ForwardContractIndexedToEquitySettlementShareFairValuePerShare
247.30
CY2023Q1 avb Other Commitment Number Of Mezzanine Loans
OtherCommitmentNumberOfMezzanineLoans
3 loan
CY2023Q1 us-gaap Other Commitment
OtherCommitment
92375000 usd
CY2023Q1 avb Other Commitments Weighted Average Rate Of Return
OtherCommitmentsWeightedAverageRateOfReturn
0.098
CY2023Q1 avb Other Commitment Outstanding Funding
OtherCommitmentOutstandingFunding
42074000 usd
CY2023Q1 avb Other Commitment Number Of Mezzanine Loans
OtherCommitmentNumberOfMezzanineLoans
3 loan
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2992000 usd
CY2022Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
CY2023Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
CY2023Q1 avb Number Of Communities Held For Sale
NumberOfCommunitiesHeldForSale
1 community
CY2023Q1 avb Number Of Residential Condominium Units Sold
NumberOfResidentialCondominiumUnitsSold
1 residential_condominium
CY2022Q1 avb Number Of Residential Condominium Units Sold
NumberOfResidentialCondominiumUnitsSold
15 residential_condominium
CY2023Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
202000 usd
CY2022Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
766000 usd
CY2023Q1 avb Number Of Residential Condominiums Remaining To Be Sold
NumberOfResidentialCondominiumsRemainingToBeSold
8 residential_condominium
CY2023Q1 us-gaap Inventory Real Estate
InventoryRealEstate
28913000 usd
CY2022Q4 us-gaap Inventory Real Estate
InventoryRealEstate
32532000 usd
CY2023Q1 avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
30784000 usd
CY2022Q1 avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
28113000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2992000 usd
CY2023Q1 avb Number Of Office Leases
NumberOfOfficeLeases
13 lease
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
109976000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
114977000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
137359000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
142602000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
4005000 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
3706000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
28282000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
28354000 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
20055000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20069000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
146775000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
262076000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-987000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
56821000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
56526000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20400000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17421000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4845000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
317000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
204743000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
201786000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3560000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2471000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5051000 usd
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-13000 usd
CY2022Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
148800000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
129000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
273000 usd
CY2023Q1 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
1126000 usd
CY2022Q1 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
10277000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
465039000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
409713000 usd
CY2023Q1 avb Revenue From Assets Held For Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
1483000 usd
CY2022Q1 avb Revenue From Assets Held For Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
16264000 usd
CY2023Q1 avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
357000 usd
CY2022Q1 avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
5987000 usd
CY2023Q1 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
1126000 usd
CY2022Q1 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
10277000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
465039000 usd
CY2023Q1 avb Real Estate Gross At Carrying Value Excluding Gross Real Estate Assets Held For Sale
RealEstateGrossAtCarryingValueExcludingGrossRealEstateAssetsHeldForSale
26090235000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
409713000 usd
CY2022Q1 avb Real Estate Gross At Carrying Value Excluding Gross Real Estate Assets Held For Sale
RealEstateGrossAtCarryingValueExcludingGrossRealEstateAssetsHeldForSale
24590926000 usd
CY2023Q1 avb Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
35556000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8018000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6887000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3284000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2377000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1066000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
752000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-354000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1013000 usd
CY2023Q1 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares

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