Stockholders' Equity

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity 

The following is a summary of our stockholders’ equity capital accounts as of the dates indicated: 

	March 31, 2023	December 31, 2022
Preferred Stock, $1.00 par value:
Authorized shares	50,000,000	50,000,000
Issued shares	—	—
Outstanding shares	—	—
Common Stock, $1.00 par value:
Authorized shares	700,000,000	700,000,000
Issued shares	498,095,420	492,283,488
Outstanding shares	496,294,516	490,508,937

Common Stock In April 2022, we entered into an amended and restated equity distribution agreement whereby we can offer and sell up to $3,000,000,000 aggregate amount of our common stock ("ATM Program"). The ATM Program also allows us to enter into forward sale agreements (none outstanding at March 31, 2023). As of March 31, 2023, we had $737,046,000 of remaining capacity under the ATM Program.

The following is a summary of our common stock issuances during the three months ended March 31, 2023 and 2022 (dollars in thousands, except shares and average price amounts): 

	Shares Issued	Average Price		Gross Proceeds		Net Proceeds
2022 Option exercises	299	$	66.89	$	20	$	20
2022 ATM Program issuances	6,605,191	84.60		558,790		549,326
2022 Stock incentive plans, net of forfeitures	103,079			—		—
2022 Totals	6,708,569			$	558,810	$	549,346
2023 ATM Program issuances	5,603,161	$	73.74	$	413,157	$	411,032
2023 Redemption of OP Units and DownREIT Units	271,997			—		—
2023 Stock incentive plans, net of forfeitures	(89,579)			—		—
2023 Totals	5,785,579			$	413,157	$	411,032

Dividends The following is a summary of our dividend payments (in thousands, except per share amounts): 

	Three Months Ended
	March 31, 2023				March 31, 2022
	Per Share		Amount		Per Share		Amount
Common stock	$	0.61	$	301,829	$	0.61	$	273,668

Accumulated Other Comprehensive Income The following is a summary of accumulated other comprehensive income (loss) for the periods presented (in thousands):

	March 31, 2023		December 31, 2022
Foreign currency translation	$	(1,037,431)	$	(1,115,317)
Derivative and financial instruments designated as hedges	925,872		995,610
Total accumulated other comprehensive income (loss)	$	(111,559)	$	(119,707)