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Accumulated Other Comprehensive Income
3 Months Ended
Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
10.
Accumulated Other Comprehensive Income

 

 

The following table sets forth changes in accumulated other comprehensive income by component for the three months ended March 31, 2024 and 2023, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership.

 

 

 

For the Three Months Ended March 31,

 

 

(Amounts in thousands)

 

2024

 

 

2023

 

 

Amount of income (loss) related to the cash flow hedges recognized
   in other comprehensive income (loss)
(1)

$

2,378

 

 

$

(1,039

)

 

Amounts reclassified from accumulated other comprehensive
   income decreasing interest and debt expense
(1)

 

(7,065

)

 

 

(7,351

)

 

Amount of income (loss) related to unconsolidated joint ventures
   recognized in other comprehensive income (loss)

 

143

 

 

 

(573

)

 (2)

Amounts reclassified from accumulated other comprehensive income
   decreasing loss from unconsolidated joint ventures

 

-

 

 

 

(1,990

)

 (2)

 

(1)
Represents amounts related to interest rate swaps with an aggregate notional value of $500,000 and interest rate caps with an aggregate notional value of $360,000, which were designated as cash flow hedges.
(2)
Primarily represents amounts related to an interest rate swap with a notional value of $402,000, which was designated as a cash flow hedge.