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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) 136,165     130,174   130,174 5,991
Other comprehensive income (loss) 19,944       19,944 19,944  
Issuance of common stock, net 3,433 $ 511 2,922     3,433  
Issuance of common stock, net (in shares)   511          
Repurchase of common stock (2,778) $ (117) (2,661)     (2,778)  
Repurchase of common stock (in shares)   (117)          
Amortization of deferred compensation 10,218   10,218     10,218  
Common dividends (usd per share) (348,439)     (348,439)   (348,439)  
Distributions to noncontrolling interests (9,466)   0       (9,466)
Issuances of noncontrolling interests 995           995
Purchase of noncontrolling interests (67,431)   (49,207)     (49,207) (18,224)
Balance at Jun. 30, 2018 5,416,723 $ 469,830 8,187,385 (3,509,641) (4,080) 5,143,494 273,229
Balance (in shares) at Jun. 30, 2018   469,830          
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          
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          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 92,928     89,942   89,942 2,986
Other comprehensive income (loss) 17,227       17,227 17,227  
Issuance of common stock, net 659 $ 129 530     659  
Issuance of common stock, net (in shares)   129          
Repurchase of common stock (634) $ (24) (610)     (634)  
Repurchase of common stock (in shares)   (24)          
Amortization of deferred compensation 4,299   4,299     4,299  
Common dividends (usd per share) (174,290)     (174,290)   (174,290)  
Distributions to noncontrolling interests (4,389)   0       (4,389)
Balance at Jun. 30, 2018 5,416,723 $ 469,830 8,187,385 (3,509,641) (4,080) 5,143,494 273,229
Balance (in shares) at Jun. 30, 2018   469,830          
Increase (Decrease) in Stockholders' Equity              
Cumulative effect of new accounting principle [2] 590     590   590  
Adjusted balance, January 1 6,513,181 $ 477,496 8,398,847 (2,926,606) (4,708) 5,945,029 568,152
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              
Net income (loss) 55,010     47,873   47,873 7,137
Other comprehensive income (loss) 249       249 249  
Issuance of common stock, net 406,813 $ 13,569 393,244     406,813  
Issuance of common stock, net (in shares)   13,569          
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 (4,582) $ (149) (4,433)     (4,582)  
Repurchase of common stock (in shares)   (149)          
Exercise of stock options 219 $ 9 210     219  
Exercise of stock options (in shares)   9          
Amortization of deferred compensation 10,358   10,358     10,358  
Common dividends (usd per share) (354,550)     (354,550)   (354,550)  
Distributions to noncontrolling interests (9,823)           (9,823)
Issuances of noncontrolling interests 3,615           3,615
Purchase of noncontrolling interests (1,218)   (1,079)     (1,079) (139)
Balance at Jun. 30, 2019 6,619,272 $ 491,109 8,801,037 (3,233,283) (4,459) 6,054,404 564,868
Balance (in shares) at Jun. 30, 2019   491,109          
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          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) (9,980)     (13,597)   (13,597) 3,617
Other comprehensive income (loss) (576)       (576) (576)  
Issuance of common stock, net 405,281 $ 13,227 392,054     405,281  
Issuance of common stock, net (in shares)   13,227          
Repurchase of common stock (1,663) $ (54) (1,609)     (1,663)  
Repurchase of common stock (in shares)   (54)          
Exercise of stock options 173 $ 7 166     173  
Exercise of stock options (in shares)   7          
Amortization of deferred compensation 6,247   6,247     6,247  
Common dividends (usd per share) (177,264)     (177,264)   (177,264)  
Distributions to noncontrolling interests (4,408)   0       (4,408)
Issuances of noncontrolling interests 3,615           3,615
Purchase of noncontrolling interests (1,218)   (1,079)     (1,079) (139)
Balance at Jun. 30, 2019 $ 6,619,272 $ 491,109 $ 8,801,037 $ (3,233,283) $ (4,459) $ 6,054,404 $ 564,868
Balance (in shares) at Jun. 30, 2019   491,109          
[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.