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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) 258,889 235,065     235,065   23,824
Other comprehensive income (loss) 8,613 8,613       8,613  
Issuance of common stock, net (in shares)     662        
Issuance of common stock, net 685 685 $ 662 23      
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)     (239)        
Repurchase of common stock (6,488) (6,488) $ (239) (6,249)      
Stock-based compensation 14,313 1,161   1,161     13,152
Common dividends (493,884) (493,884)     (493,884)    
Distributions to noncontrolling interests (38,316)           (38,316)
Contributions from noncontrolling interests 173           173
Adjustments to redemption value of redeemable noncontrolling interests 57,229 57,229   57,229      
Ending balance (in shares) at Sep. 30, 2023     547,072        
Ending balance at Sep. 30, 2023 6,983,812 6,457,305 $ 547,072 10,401,994 (4,528,508) 36,747 526,507
Beginning balance at Dec. 31, 2022 105,679            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 473            
Distributions to noncontrolling interests (199)            
Contributions from noncontrolling interests 292            
Adjustments to redemption value of redeemable noncontrolling interests (57,229)            
Ending balance at Sep. 30, 2023 49,016            
Beginning balance (in shares) at Jun. 30, 2023     547,053        
Beginning balance at Jun. 30, 2023 7,061,861 6,535,065 $ 547,053 10,384,982 (4,428,423) 31,453 526,796
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 68,496 64,214     64,214   4,282
Other comprehensive income (loss) 5,294 5,294       5,294  
Issuance of common stock, net (in shares)     20        
Issuance of common stock, net 328 328 $ 20 308      
Repurchase of common stock (in shares)     (1)        
Repurchase of common stock (14) (14) $ (1) (13)      
Stock-based compensation 4,354 1,782   1,782     2,572
Common dividends (164,299) (164,299)     (164,299)    
Distributions to noncontrolling interests (7,316)           (7,316)
Contributions from noncontrolling interests 173           173
Adjustments to redemption value of redeemable noncontrolling interests 14,935 14,935   14,935      
Ending balance (in shares) at Sep. 30, 2023     547,072        
Ending balance at Sep. 30, 2023 6,983,812 6,457,305 $ 547,072 10,401,994 (4,528,508) 36,747 526,507
Beginning balance at Jun. 30, 2023 63,792            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 160            
Distributions to noncontrolling interests (73)            
Contributions from noncontrolling interests 72            
Adjustments to redemption value of redeemable noncontrolling interests (14,935)            
Ending balance at Sep. 30, 2023 49,016            
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) 256,538 238,595     238,595   17,943
Other comprehensive income (loss) (31,752) (31,752)       (31,752)  
Shares issued as part of the Merger (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)     387        
Issuance of common stock, net 831 831 $ 387 444      
Conversion of DownREIT units to common stock (in shares)     208        
Conversion of DownREIT units to common stock 0 4,358 $ 208 4,150     (4,358)
Repurchase of common stock (in shares)     (10,577)        
Repurchase of common stock (190,364) (190,364) $ (10,577) (179,787)      
Stock-based compensation 15,286 6,243   6,243     9,043
Common dividends (585,553) (585,553)     (585,553)    
Distributions to noncontrolling interests (27,105)           (27,105)
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 Sep. 30, 2024     699,405        
Ending balance at Sep. 30, 2024 9,220,685 8,562,839 $ 699,405 12,844,634 (4,968,819) (12,381) 657,846
Beginning balance at Dec. 31, 2023 48,828            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 93            
Distributions to noncontrolling interests (377)            
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 Sep. 30, 2024 1,318            
Beginning balance (in shares) at Jun. 30, 2024     700,317        
Beginning balance at Jun. 30, 2024 9,417,338 8,757,498 $ 700,317 12,859,567 (4,844,683) 42,297 659,840
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 92,788 85,872     85,872   6,916
Other comprehensive income (loss) (54,678) (54,678)       (54,678)  
Issuance of common stock, net (in shares)     12        
Issuance of common stock, net 255 255 $ 12 243      
Conversion of DownREIT units to common stock (in shares)     112        
Conversion of DownREIT units to common stock 0 1,986 $ 112 1,874     (1,986)
Repurchase of common stock (in shares)     (1,036)        
Repurchase of common stock (20,135) (20,135) $ (1,036) (19,099)      
Stock-based compensation 4,777 2,049   2,049     2,728
Common dividends (210,008) (210,008)     (210,008)    
Distributions to noncontrolling interests (9,652)           (9,652)
Ending balance (in shares) at Sep. 30, 2024     699,405        
Ending balance at Sep. 30, 2024 9,220,685 $ 8,562,839 $ 699,405 $ 12,844,634 $ (4,968,819) $ (12,381) $ 657,846
Beginning balance at Jun. 30, 2024 1,433            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) (50)            
Distributions to noncontrolling interests (65)            
Ending balance at Sep. 30, 2024 $ 1,318