Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Summary of Stockholders' Equity Capital Accounts

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

	March 31, 2026	December 31, 2025
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	704,870,377	696,631,868
Outstanding shares	704,686,814	696,507,255

The following is a summary of our common stock issuances during the three months ended March 31, 2026 and 2025 (in thousands, except shares and average price amounts): 

	Shares Issued	Average Price		Gross Proceeds		Net Proceeds
2025 Option exercises	16,418	$	72.06	$	1,183	$	1,183
2025 ATM Program issuances	14,389,086	139.11		2,001,646		1,991,220
2025 Equity issuance (1)	1,563,904	153.51		240,075		240,075
2025 Redemption of OP Units and DownREIT Units	554,681			—		—
2025 Stock incentive plans, net of forfeitures	75,637			—		—
2025 Totals	16,599,726			$	2,242,904	$	2,232,478
2026 Option exercises	5,076	$	65.41	$	332	$	332
2026 ATM Program issuances	7,682,832	202.68		1,557,174		1,544,516
2026 Redemption of OP Units and DownREIT Units	395,565			—		—
2026 Stock incentive plans, net of forfeitures	96,086			—		—
2026 Totals	8,179,559			$	1,557,506	$	1,544,848

(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): 

	Three Months Ended
	March 31, 2026				March 31, 2025
	Per Share		Amount		Per Share		Amount
Common stock	$	0.74	$	520,347	$	0.67	$	431,041

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):

	March 31, 2026		December 31, 2025
Foreign currency translation	$	(975,449)	$	(598,593)
Derivative and financial instruments designated as hedges	632,983		310,952
Total accumulated other comprehensive income (loss)	$	(342,466)	$	(287,641)