Stockholder's Equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Summary of Stockholder's Equity Capital Accounts

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

	December 31, 2024	December 31, 2023
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	1,400,000,000	700,000,000
Issued shares	637,056,054	566,001,632
Outstanding shares	635,289,329	564,241,181

The following is a summary of our common stock issuances during the periods indicated (dollars in thousands, except shares and average price amounts):

	Shares Issued	Average Price		Gross Proceeds		Net Proceeds
2022 Option exercises	2,433	$	67.00	$	163	$	163
2022 ATM Program issuances	43,092,888	86.23		3,715,971		3,667,691
2022 Redemption of OP Units and DownREIT Units	5,498			—		—
2022 Stock incentive plans, net of forfeitures	168,641			—		—
2022 Totals	43,269,460			$	3,716,134	$	3,667,854
2023 Option exercises	3,541	$	78.23	$	277	$	277
2023 ATM Program issuances	53,300,874	80.92		4,313,007		4,290,766
2023 Equity issuance	20,125,000	88.06		1,772,216		1,719,086
2023 Redemption of OP Units and DownREIT Units	335,562			—		—
2023 Stock incentive plans, net of forfeitures	(32,733)			—		—
2023 Totals	73,732,244			$	6,085,500	$	6,010,129
2024 Option exercises	17,809	$	71.59	$	1,275	$	1,275
2024 ATM Program issuances	70,419,530	105.82		7,452,108		7,414,503
2024 Redemption of OP Units and DownREIT Units	494,941			—		—
2024 Stock incentive plans, net of forfeitures	114,579			—		—
2024 Totals	71,046,859			$	7,453,383	$	7,415,778

Summary of Dividend Payments

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

	Year Ended
	December 31, 2024				December 31, 2023				December 31, 2022
	Per Share		Amount		Per Share		Amount		Per Share		Amount
Common stock	$	2.56	$	1,546,291	$	2.44	$	1,259,676	$	2.44	$	1,133,182

Summary of Accumulated Other Comprehensive Income/(Loss)

The following is a summary of accumulated other comprehensive income/(loss) as of the periods presented (in thousands):

	December 31, 2024		December 31, 2023
Foreign currency translation	$	(1,276,625)	$	(913,675)
Derivative and financial instruments designated as hedges	916,844		750,515
Total accumulated other comprehensive income (loss)	$	(359,781)	$	(163,160)