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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Numerator for basic earnings per share - net income (loss) attributable to common stockholders
$254,714 $103,040 $381,860 $128,713 
Adjustment for net income (loss) attributable to OP Units and DownREIT Units339 (157)14 (167)
Numerator for diluted earnings per share
$255,053 $102,883 $381,874 $128,546 
Denominator for basic earnings per share - weighted average shares600,545 499,023 587,297 495,561 
Effect of dilutive securities:
Employee stock options
103 28 86 16 
Non-vested restricted shares and units1,483 1,044 1,273 882 
OP Units and DownREIT Units
2,124 1,850 2,226 1,818 
Employee stock purchase program
22 25 22 28 
2028 Exchangeable Notes286 — 143 — 
Dilutive potential common shares4,018 2,947 3,750 2,744 
Denominator for diluted earnings per share - adjusted weighted average shares
604,563 501,970 591,047 498,305 
Basic earnings per share$0.42 $0.21 $0.65 $0.26 
Diluted earnings per share$0.42 $0.20 $0.65 $0.26