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Accumulated Other Comprehensive (Loss) Income
9 Months Ended
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive (Loss) Income
10.
Accumulated Other Comprehensive (Loss) Income

 

 

The following table sets forth changes in accumulated other comprehensive (loss) income by component for the three and nine months ended September 30, 2024 and 2023, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership.

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

(Amounts in thousands)

2024

 

 

2023

 

 

2024

 

 

2023

 

 

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

$

(876

)

 

$

1,804

 

 

$

1,008

 

 

$

6,254

 

 

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

 

(2,710

)

 

 

(7,909

)

 

 

(15,249

)

 

 

(23,884

)

 

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

 

(34

)

 

 

1,055

 

(2)

 

38

 

 

 

4,196

 

(2)

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

 

-

 

 

 

(2,589

)

(2)

 

-

 

 

 

(6,899

)

(2)

 

(1)
Represents amounts related to interest rate caps and interest rate swaps which were designated as cash flow hedges.
(2)
Primarily represents amounts related to our share of an unconsolidated joint venture’s interest rate swap which was designated as a cash flow hedge.