Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Summary of Stockholders' Equity Capital Accounts

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

	June 30, 2025	December 31, 2024
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	1,400,000,000
Issued shares	665,249,281	637,056,054
Outstanding shares	665,119,829	635,289,329

The following is a summary of our common stock issuances during the six months ended June 30, 2025 and 2024 (in thousands, except shares and average price amounts): 

	Shares Issued	Average Price		Gross Proceeds		Net Proceeds
2024 Option exercises	5,390	$	62.34	$	336	$	336
2024 ATM Program issuances	43,315,945	93.31		4,041,776		4,020,009
2024 Redemption of OP Units and DownREIT Units	494,941			—		—
2024 Stock incentive plans, net of forfeitures	93,248			—		—
2024 Totals	43,909,524			$	4,042,112	$	4,020,345
2025 Option exercises	22,967	$	76.98	$	1,768	$	1,768
2025 ATM Program issuances	27,593,276	144.52		3,987,776		3,965,653
2025 Equity issuance (1)	1,563,904	153.51		240,075		240,075
2025 Redemption of OP Units and DownREIT Units	556,950			—		—
2025 Stock incentive plans, net of forfeitures	93,403			—		—
2025 Totals	29,830,500			$	4,229,619	$	4,207,496

(1) Relates to the re-issuance of treasury shares in lieu of cash consideration for the acquisition of real property. Please see Note 3 for additional information.

Summary of Dividend Payments

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

	Six Months Ended
	June 30, 2025				June 30, 2024
	Per Share		Amount		Per Share		Amount
Common stock	$	1.34	$	870,389	$	1.22	$	718,711

Summary of Accumulated Other Comprehensive Income (Loss)

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

	June 30, 2025		December 31, 2024
Foreign currency translation	$	(550,728)	$	(1,276,625)
Derivative and financial instruments designated as hedges	384,714		916,844
Total accumulated other comprehensive income (loss)	$	(166,014)	$	(359,781)