Equity

6 Months Ended

Jun. 30, 2016

Equity

Equity

NOTE 12.  Equity

Common Stock

The following table summarizes the Company’s common stock cash dividends declared in 2016:

		Amount		Dividend
Declaration Date	Record Date	Per Share		Payable Date
January 28	February 8	$	0.575	February 23
April 27	May 9		0.575	May 24
July 28	August 8		0.575	August 23

The following table summarizes the Company’s other common stock activities (shares in thousands):

	Six Months Ended June 30,
	2016	2015
Dividend Reinvestment and Stock Purchase Plan	1,427	1,645
Conversion of DownREIT units(1)	120	70
Exercise of stock options	111	817
Vesting of restricted stock units	288	379
Repurchase of common stock	109	171

(1) Non-managing member limited liability company (“LLC”) units.

Accumulated Other Comprehensive Loss

The following table summarizes the Company’s accumulated other comprehensive loss (in thousands):

	June 30,		December 31,
	2016		2015
Cumulative foreign currency translation adjustment	$	(20,577)	$	(19,485)
Unrealized losses on cash flow hedges, net		(6,894)		(7,582)
Supplemental Executive Retirement Plan minimum liability		(3,270)		(3,411)
Unrealized gains on available for sale securities		3		8
Total accumulated other comprehensive loss	$	(30,738)	$	(30,470)

Noncontrolling Interests

At June 30, 2016, non-managing members held an aggregate of 4 million units in five limited liability companies (“DownREITs”), for which the Company is the managing member. At June 30, 2016, the carrying and fair values of these DownREIT units were $181 million and $207 million, respectively.

See Note 15 for the supplemental schedule of non-cash financing activities.