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Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Earnings Per Share [Abstract]        
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 Units 339 (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 shares (in shares) 600,545 499,023 587,297 495,561
Effect of dilutive securities:        
Employee stock options (in shares) 103 28 86 16
Non-vested restricted shares and units (in shares) 1,483 1,044 1,273 882
OP units and DownREIT Units (in shares) 2,124 1,850 2,226 1,818
Employee stock purchase program (in shares) 22 25 22 28
Exchangeable notes (in shares) 286 0 143 0
Dilutive potential common shares (in shares) 4,018 2,947 3,750 2,744
Denominator for diluted earnings per share - adjusted weighted average shares (in shares) 604,563 501,970 591,047 498,305
Basic earnings per share (in dollars per share) $ 0.42 $ 0.21 $ 0.65 $ 0.26
Diluted earnings per share (in dollars per share) [1] $ 0.42 $ 0.20 $ 0.65 $ 0.26
[1] Includes adjustment to the numerator for income (loss) attributable to OP Units and DownREIT Units.
(3) In June, the Board approved to increase the dividend to $0.67 beginning in the third quarter.