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CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
shares in Thousands, $ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Cumulative Dividends In Excess Of Earnings
Accumulated Other Comprehensive Income (Loss)
Total Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022     546,642        
Beginning balance at Dec. 31, 2022 $ 7,182,598 $ 6,654,701 $ 546,642 $ 10,349,614 $ (4,269,689) $ 28,134 $ 527,897
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 190,393 170,851     170,851   19,542
Other comprehensive income (loss) 3,319 3,319       3,319  
Issuance of common stock, net (in shares)     642        
Issuance of common stock, net 357 357 $ 642 (285)      
Conversion of DownREIT units to common stock (in shares)     7        
Conversion of DownREIT units to common stock 0 223 $ 7 216     (223)
Repurchase of common stock (in shares)     (238)        
Repurchase of common stock (6,474) (6,474) $ (238) (6,236)      
Stock-based compensation 9,959 (621)   (621)     10,580
Common dividends (329,585) (329,585)     (329,585)    
Distributions to noncontrolling interests (31,000)           (31,000)
Adjustments to redemption value of redeemable noncontrolling interests 42,294 42,294   42,294      
Ending balance (in shares) at Jun. 30, 2023     547,053        
Ending balance at Jun. 30, 2023 7,061,861 6,535,065 $ 547,053 10,384,982 (4,428,423) 31,453 526,796
Beginning balance at Dec. 31, 2022 105,679            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 313            
Distributions to noncontrolling interests (126)            
Contributions from noncontrolling interests 220            
Adjustments to redemption value of redeemable noncontrolling interests (42,294)            
Ending balance at Jun. 30, 2023 63,792            
Beginning balance (in shares) at Mar. 31, 2023     546,995        
Beginning balance at Mar. 31, 2023 7,137,733 6,609,736 $ 546,995 10,360,058 (4,316,038) 18,721 527,997
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 56,052 51,899     51,899   4,153
Other comprehensive income (loss) 12,732 12,732       12,732  
Issuance of common stock, net (in shares)     51        
Issuance of common stock, net 183 183 $ 51 132      
Conversion of DownREIT units to common stock (in shares)     7        
Conversion of DownREIT units to common stock 0 223 $ 7 216     (223)
Repurchase of common stock (7) (7)   (7)      
Stock-based compensation 5,394 2,256   2,256     3,138
Common dividends (164,284) (164,284)     (164,284)    
Distributions to noncontrolling interests (8,269)           (8,269)
Adjustments to redemption value of redeemable noncontrolling interests 22,327 22,327   22,327      
Ending balance (in shares) at Jun. 30, 2023     547,053        
Ending balance at Jun. 30, 2023 7,061,861 6,535,065 $ 547,053 10,384,982 (4,428,423) 31,453 526,796
Beginning balance at Mar. 31, 2023 85,902            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 147            
Distributions to noncontrolling interests (54)            
Contributions from noncontrolling interests 124            
Adjustments to redemption value of redeemable noncontrolling interests (22,327)            
Ending balance at Jun. 30, 2023 63,792            
Beginning balance (in shares) at Dec. 31, 2023     547,156        
Beginning balance at Dec. 31, 2023 6,876,042 6,350,446 $ 547,156 10,405,780 (4,621,861) 19,371 525,596
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 163,750 152,723     152,723   11,027
Other comprehensive income (loss) 22,926 22,926       22,926  
Shares issued as part of the Mergers (in shares)     162,231        
Shares issued as part of the Merger 2,774,147 2,774,147 $ 162,231 2,611,916      
Issuance of common stock, net (in shares)     375        
Issuance of common stock, net 576 576 $ 375 201      
Conversion of DownREIT units to common stock (in shares)     96        
Conversion of DownREIT units to common stock 0 2,372 $ 96 2,276     (2,372)
Repurchase of common stock (in shares)     (9,541)        
Repurchase of common stock (170,229) (170,229) $ (9,541) (160,688)      
Stock-based compensation 10,509 4,194   4,194     6,315
Common dividends (375,545) (375,545)     (375,545)    
Distributions to noncontrolling interests (17,453)           (17,453)
Noncontrolling interests acquired as part of the Merger 136,727           136,727
Adjustments to redemption value of redeemable noncontrolling interests (4,112) (4,112)   (4,112)      
Ending balance (in shares) at Jun. 30, 2024     700,317        
Ending balance at Jun. 30, 2024 9,417,338 8,757,498 $ 700,317 12,859,567 (4,844,683) 42,297 659,840
Beginning balance at Dec. 31, 2023 48,828            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 143            
Distributions to noncontrolling interests (312)            
Contributions from noncontrolling interests 12            
Purchase of noncontrolling interests (52,886)            
Noncontrolling interests acquired as part of the Merger 1,536            
Adjustments to redemption value of redeemable noncontrolling interests 4,112            
Ending balance at Jun. 30, 2024 1,433            
Beginning balance (in shares) at Mar. 31, 2024     703,733        
Beginning balance at Mar. 31, 2024 9,544,651 8,881,613 $ 703,733 12,918,936 (4,779,599) 38,543 663,038
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 152,756 146,047     146,047   6,709
Other comprehensive income (loss) 3,754 3,754       3,754  
Issuance of common stock, net (in shares)     76        
Issuance of common stock, net 268 268 $ 76 192      
Conversion of DownREIT units to common stock (in shares)     96        
Conversion of DownREIT units to common stock 0 2,372 $ 96 2,276     (2,372)
Repurchase of common stock (in shares)     (3,588)        
Repurchase of common stock (68,234) (68,234) $ (3,588) (64,646)      
Stock-based compensation 5,290 2,367   2,367     2,923
Common dividends (211,131) (211,131)     (211,131)    
Distributions to noncontrolling interests (10,458)           (10,458)
Adjustments to redemption value of redeemable noncontrolling interests 442 442   442      
Ending balance (in shares) at Jun. 30, 2024     700,317        
Ending balance at Jun. 30, 2024 9,417,338 $ 8,757,498 $ 700,317 $ 12,859,567 $ (4,844,683) $ 42,297 $ 659,840
Beginning balance at Mar. 31, 2024 54,848            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) (40)            
Distributions to noncontrolling interests (49)            
Contributions from noncontrolling interests 2            
Purchase of noncontrolling interests (52,886)            
Adjustments to redemption value of redeemable noncontrolling interests (442)            
Ending balance at Jun. 30, 2024 $ 1,433