| Rental revenue | 1,358,105a | 1,309,170a |
| Property operating costs | -381,568a | -369,060a |
| Net rental income | 976,537a | 940,110a |
| Gross sales | 11,268a | 25,634a |
| Cost of sales | -9,234a | -21,008a |
| Residential inventory income | 2,034a | 4,626a |
| Other income and expenses | — | — |
| Interest income | 52,593a | 41,414a |
| Investment income | 21,260a | 26,928a |
| Fee income | 3,389a | 4,287a |
| Net interest expense and other financing charges | -586,388a | -566,147a |
| General and administrative expenses | -67,833a | -64,230a |
| Share of income from equity accounted joint ventures | 49,138a | 39,069a |
| Amortization of intangible assets | -1,000a | -1,000a |
| Transaction costs and other related expenses | -38,560a | -34a |
| Adjustment to fair value of unit-based compensation | 657a | 938a |
| Adjustment to fair value of Exchangeable Units | 237,472a | 320,587a |
| Adjustment to fair value of investment properties | 92,731a | 114,150a |
| Adjustment to fair value of investment in real estate securities | -35,782a | -64,006a |
| Income before income taxes | 783,368a | 796,692a |
| Income tax recovery (expense) | 1,069a | -1a |
| Net income | 784,437a | 796,691a |