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Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2022
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income by Component

The following table sets forth changes in accumulated other comprehensive income by component for the three months ended March 31, 2022 and 2021, including amounts attributable to noncontrolling interests in the Operating Partnership.

 

 

 

 

 

 

 

 

For the Three Months Ended March 31,

 

(Amounts in thousands)

 

2022

 

 

 

2021

 

Amount of income related to the cash flow hedges recognized

   in other comprehensive income

 

$

18,173

 

(1)

 

$

-

 

Amounts reclassified from accumulated other comprehensive

   income increasing interest and debt expense

 

 

372

 

(1)

 

 

-

 

Amount of income related to unconsolidated joint ventures

   recognized in other comprehensive income (2)

 

 

9,495

 

 

 

 

3,422

 

Amounts reclassified from accumulated other comprehensive

   income increasing loss from unconsolidated joint ventures (2)

 

 

958

 

 

 

 

962

 

 

 

(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.