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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total stockholders’ equity
Shares of common stock
Common stock and paid in capital
Distributions in excess of net income
Accumulated other comprehensive income
Non-controlling interests
Beginning balance (in shares) at Dec. 31, 2022 0            
Beginning balance at Dec. 31, 2022 $ 0            
Ending balance (in shares) at Sep. 30, 2023 0            
Ending balance at Sep. 30, 2023 $ 0            
Beginning balance (in shares) at Dec. 31, 2022     660,300,000        
Beginning balance at Dec. 31, 2022 28,843,289 $ 28,713,149   $ 34,159,509 $ (5,493,193) $ 46,833 $ 130,140
Increase (Decrease) in Stockholders' Equity              
Net income 657,152 653,904     653,904   3,248
Other comprehensive income (loss) (4,984) (4,984)       (4,984)  
Dividends, Common Stock, Cash (1,584,353) (1,577,245)     (1,577,245)   (7,108)
Share issuances, net of costs (in shares)     63,348,000        
Share issuances, net of costs 3,858,347 3,858,347   3,858,347      
Contributions by noncontrolling interests 39,994           39,994
Share-based compensation, net (in shares)     246,000        
Share-based compensation, net 13,973 13,973   13,973      
Ending balance (in shares) at Sep. 30, 2023     723,894,000        
Ending balance at Sep. 30, 2023 $ 31,823,418 31,657,144   38,031,829 (6,416,534) 41,849 166,274
Beginning balance (in shares) at Jun. 30, 2023 0            
Beginning balance at Jun. 30, 2023 $ 0            
Ending balance (in shares) at Sep. 30, 2023 0            
Ending balance at Sep. 30, 2023 $ 0            
Beginning balance (in shares) at Jun. 30, 2023     708,773,000        
Beginning balance at Jun. 30, 2023 31,311,143 31,143,211   37,149,380 (6,102,226) 96,057 167,932
Increase (Decrease) in Stockholders' Equity              
Net income 233,877 233,473     233,473   404
Other comprehensive income (loss) (54,208) (54,208)       (54,208)  
Dividends, Common Stock, Cash (550,278) (547,781)     (547,781)   (2,497)
Share issuances, net of costs (in shares)     15,122,000        
Share issuances, net of costs 876,253 876,253   876,253      
Contributions by noncontrolling interests 435           435
Share-based compensation, net (in shares)     (1,000)        
Share-based compensation, net 6,196 6,196   6,196      
Ending balance (in shares) at Sep. 30, 2023     723,894,000        
Ending balance at Sep. 30, 2023 $ 31,823,418 31,657,144   38,031,829 (6,416,534) 41,849 166,274
Beginning balance (in shares) at Dec. 31, 2023 0            
Beginning balance at Dec. 31, 2023 $ 0            
Increase (Decrease) in Temporary Equity              
Shares issued with merger (in shares) 6,900,000            
Shares issued with merger $ 167,394            
Preferred shares redeemed (in shares) (6,900,000)            
Preferred shares redeemed $ (167,394)            
Ending balance (in shares) at Sep. 30, 2024 0            
Ending balance at Sep. 30, 2024 $ 0            
Beginning balance (in shares) at Dec. 31, 2023 752,460,000   752,460,000        
Beginning balance at Dec. 31, 2023 $ 33,106,969 32,941,467   39,629,709 (6,762,136) 73,894 165,502
Increase (Decrease) in Stockholders' Equity              
Net income 665,991 661,160     661,160   4,831
Other comprehensive income (loss) 29,569 29,569       29,569  
Dividends, Common Stock, Cash (2,052,705) (2,045,267)     (2,045,267)   (7,438)
Share issuances, net of costs (in shares)     14,073,000        
Share issuances, net of costs 818,724 818,724   818,724      
Shares issued with merger (in shares)     108,308,000        
Shares issued with merger 6,043,641 6,043,641   6,043,641      
Contributions by noncontrolling interests 1,770           1,770
Issuance of common partnership units 46,485 (768)   (768)     47,253
Preferred shares redeemed (5,116) (5,116)     (5,116)    
Share-based compensation, net (in shares)     356,000        
Share-based compensation, net $ 14,382 14,382   14,382      
Ending balance (in shares) at Sep. 30, 2024 875,197,000   875,197,000        
Ending balance at Sep. 30, 2024 $ 38,669,710 38,457,792   46,505,688 (8,151,359) 103,463 211,918
Beginning balance (in shares) at Jun. 30, 2024 6,900,000            
Beginning balance at Jun. 30, 2024 $ 167,394            
Increase (Decrease) in Temporary Equity              
Preferred shares redeemed (in shares) (6,900,000)            
Preferred shares redeemed $ (167,394)            
Ending balance (in shares) at Sep. 30, 2024 0            
Ending balance at Sep. 30, 2024 $ 0            
Beginning balance (in shares) at Jun. 30, 2024     870,848,000        
Beginning balance at Jun. 30, 2024 38,747,070 38,581,793   46,230,789 (7,724,318) 75,322 165,277
Increase (Decrease) in Stockholders' Equity              
Net income 271,124 269,485     269,485   1,639
Other comprehensive income (loss) 28,141 28,141       28,141  
Dividends, Common Stock, Cash (694,150) (691,410)     (691,410)   (2,740)
Share issuances, net of costs (in shares)     4,354,000        
Share issuances, net of costs 269,272 269,272   269,272      
Contributions by noncontrolling interests 489           489
Issuance of common partnership units 46,485 (768)   (768)     47,253
Preferred shares redeemed (5,116) (5,116)     (5,116)    
Share-based compensation, net (in shares)     (5,000)        
Share-based compensation, net $ 6,395 6,395   6,395      
Ending balance (in shares) at Sep. 30, 2024 875,197,000   875,197,000        
Ending balance at Sep. 30, 2024 $ 38,669,710 $ 38,457,792   $ 46,505,688 $ (8,151,359) $ 103,463 $ 211,918