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Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2024 and 2023, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership.

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

(Amounts in thousands)

2024

 

 

2023

 

 

2024

 

 

2023

 

 

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

$

1,079

 

 

$

5,489

 

 

$

3,457

 

 

$

4,450

 

 

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

 

(7,047

)

 

 

(8,624

)

 

 

(14,112

)

 

 

(15,975

)

 

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

 

(71

)

 

 

3,714

 

(2)

 

72

 

 

 

3,141

 

(2)

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

 

-

 

 

 

(2,320

)

(2)

 

-

 

 

 

(4,310

)

(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.