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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-In Capital
Cumulative Dividends In Excess Of Earnings
Accumulated Other Comprehensive Income (Loss)
Total Stockholders’ Equity
Total Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity              
Cumulative effect of new accounting principle [1] $ 79,144     $ 79,144   $ 79,144  
Adjusted balance, January 1 5,674,082 $ 469,436 $ 8,226,113 (3,291,376) $ (24,024) 5,380,149 $ 293,933
Balance at Dec. 31, 2017 5,594,938 $ 469,436 8,226,113 (3,370,520) (24,024) 5,301,005 293,933
Balance (in shares) at Dec. 31, 2017   469,436          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 43,237     40,232   40,232 3,005
Other comprehensive income (loss) 2,717       2,717 2,717  
Issuance of common stock, net 2,774 $ 382 2,392     2,774  
Issuance of common stock, net (in shares)   382          
Repurchase of common stock (2,144) $ (93) (2,051)     (2,144)  
Repurchase of common stock (in shares)   (93)          
Amortization of deferred compensation 5,919   5,919     5,919  
Common dividends ($0.37 per share) (174,149)     (174,149)   (174,149)  
Distributions to noncontrolling interests (5,077)   0       (5,077)
Issuances of noncontrolling interests 995           995
Purchase of noncontrolling interests (67,431)   (49,207)     (49,207) (18,224)
Balance at Mar. 31, 2018 5,480,923 $ 469,725 8,183,166 (3,425,293) (21,307) 5,206,291 274,632
Balance (in shares) at Mar. 31, 2018   469,725          
Balance at Dec. 31, 2017 5,594,938 $ 469,436 8,226,113 (3,370,520) (24,024) 5,301,005 293,933
Balance (in shares) at Dec. 31, 2017   469,436          
Balance at Dec. 31, 2018 6,512,591 $ 477,496 8,398,847 (2,927,196) (4,708) 5,944,439 568,152
Balance (in shares) at Dec. 31, 2018   477,496          
Increase (Decrease) in Stockholders' Equity              
Cumulative effect of new accounting principle [2] 590         590  
Adjusted balance, January 1 6,513,181 $ 477,496 8,398,847 (2,926,606) (4,708) 5,945,029 568,152
Net income (loss) 64,990     61,470   61,470 3,520
Other comprehensive income (loss) 825       825 825  
Issuance of common stock, net 1,532 $ 342 1,190     1,532  
Issuance of common stock, net (in shares)   342          
Conversion of DownREIT units to common stock 0 $ 184 3,890     4,074 (4,074)
Conversion of DownREIT units to common stock (in shares)   184          
Repurchase of common stock (2,919) $ (95) (2,824)     (2,919)  
Repurchase of common stock (in shares)   (95)          
Exercise of stock options (in shares)   2          
Exercise of stock options 46 $ 2 44     46  
Amortization of deferred compensation 4,111   4,111     4,111  
Common dividends ($0.37 per share) (177,286)     (177,286)   (177,286)  
Distributions to noncontrolling interests (5,415)           (5,415)
Balance at Mar. 31, 2019 $ 6,399,065 $ 477,929 $ 8,405,258 $ (3,042,422) $ (3,883) $ 5,836,882 $ 562,183
Balance (in shares) at Mar. 31, 2019   477,929          
[1] On January 1, 2018, the Company adopted ASU No. 2017-05, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (“ASU 2017-05”), and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.
[2] On January 1, 2019, the Company adopted a series of Accounting Standards Updates (“ASUs”) related to accounting for leases, and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.