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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
PREFERRED SHARES
COMMON SHARES, $0.01 PAR VALUE
PAID IN CAPITAL
RETAINED EARNINGS
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
DISTRIBUTIONS
OPERATING PARTNERSHIP
PARTIALLY OWNED PROPERTIES
Balance, beginning of year at Dec. 31, 2020   $ 37,280 $ 3,723 $ 9,128,599 $ 1,399,715 $ (43,666)      
Balance, beginning of year at Dec. 31, 2020               $ 233,162 $ 4,673
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     11 68,246          
Exercise of share options     14 68,793          
Employee Share Purchase Plan (ESPP)     1 3,454          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     1 6,571          
Share options       2,541          
ESPP discount       798          
Offering costs       (267)          
Supplemental Executive Retirement Plan (SERP)       1,335          
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership $ 119,237     (119,237)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (27,085)       27,085  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     11 68,246          
Exercise of share options     14 68,793          
Employee Share Purchase Plan (ESPP)     1 3,454          
RETAINED EARNINGS                  
Net income attributable to controlling interests 805,876       805,876        
Common Share distributions         (676,158)        
Preferred Share distributions         (2,318)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Losses reclassified into earnings from other comprehensive income (7,000)         7,000      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 1.8075    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     1 6,571          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (68,257)  
Equity compensation associated with Noncontrolling Interests               14,173  
Net income attributable to Noncontrolling Interests 27,903             27,903 1,957
Distributions to Noncontrolling Interests               (23,366) (4,492)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (1,745)             (1,745)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (27,085)       27,085  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 27,903             27,903 1,957
Distributions to Noncontrolling Interests               (23,366) (4,492)
Balance, end of period at Sep. 30, 2021   37,280 3,750 9,131,078 1,527,115 (36,666)      
Balance, end of period at Sep. 30, 2021               208,955 2,138
Balance, beginning of year at Jun. 30, 2021   37,280 3,744 9,110,121 1,321,875 (39,029)      
Balance, beginning of year at Jun. 30, 2021               205,691 2,365
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       1,597          
Exercise of share options     6 29,178          
Employee Share Purchase Plan (ESPP)       788          
Share-based employee compensation expense:                  
Issuance of restricted units/shares       1,758          
Share options       565          
ESPP discount       165          
Offering costs       (267)          
Supplemental Executive Retirement Plan (SERP)       722          
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership       (17,271)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       3,722       (3,722)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       1,597          
Exercise of share options     6 29,178          
Employee Share Purchase Plan (ESPP)       788          
RETAINED EARNINGS                  
Net income attributable to controlling interests 431,951       431,951        
Common Share distributions         (225,938)        
Preferred Share distributions         (773)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Losses reclassified into earnings from other comprehensive income (2,363)         2,363      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             0.6025    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       1,758          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (1,597)  
Equity compensation associated with Noncontrolling Interests               3,642  
Net income attributable to Noncontrolling Interests 14,847             14,847 534
Distributions to Noncontrolling Interests               (7,367) (761)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               (2,539)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       3,722       (3,722)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 14,847             14,847 534
Distributions to Noncontrolling Interests               (7,367) (761)
Balance, end of period at Sep. 30, 2021   37,280 3,750 9,131,078 1,527,115 (36,666)      
Balance, end of period at Sep. 30, 2021               208,955 2,138
Balance, beginning of year at Dec. 31, 2021 10,954,948 37,280 3,755 9,121,122 1,827,063 (34,272)      
Balance, beginning of year at Dec. 31, 2021 232,260             214,094 18,166
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       1,680          
Exercise of share options     4 21,017          
Employee Share Purchase Plan (ESPP)     1 3,279          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     2 9,524       1  
Share options       1,856          
ESPP discount       637          
Offering costs       (739)          
Supplemental Executive Retirement Plan (SERP)       269          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,383)         (4,795)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership (127,570)     127,570          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       9,156       (9,156)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       1,680          
Exercise of share options     4 21,017          
Employee Share Purchase Plan (ESPP)     1 3,279          
RETAINED EARNINGS                  
Net income attributable to controlling interests 617,891       617,891        
Common Share distributions         (705,529)        
Preferred Share distributions         (2,318)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 23,413         23,413      
Losses reclassified into earnings from other comprehensive income (9,987)         9,987      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             1.875    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     2 9,524       1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (1,680)  
Equity compensation associated with Noncontrolling Interests               16,502  
Net income attributable to Noncontrolling Interests 21,024             21,024 2,726
Distributions to Noncontrolling Interests               (23,078) (18,267)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (870)             870  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       9,156       (9,156)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 21,024             21,024 2,726
Contributions by Noncontrolling Interests                 603
Distributions to Noncontrolling Interests               (23,078) (18,267)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,383)         (4,795)
Balance, end of period at Sep. 30, 2022 11,044,727 37,280 3,762 9,267,450 1,737,107 (872)      
Balance, end of period at Sep. 30, 2022 217,010             218,577 (1,567)
Balance, beginning of year at Jun. 30, 2022   37,280 3,761 9,229,738 1,649,960 (30,650)      
Balance, beginning of year at Jun. 30, 2022               216,326 (1,734)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       196          
Exercise of share options       2,093          
Employee Share Purchase Plan (ESPP)     1 901          
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2,165          
Share options       466          
ESPP discount       217          
Offering costs       (252)          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (28)         28
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership       29,430          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       2,524       (2,524)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       196          
Exercise of share options       2,093          
Employee Share Purchase Plan (ESPP)     1 901          
RETAINED EARNINGS                  
Net income attributable to controlling interests 323,025       323,025        
Common Share distributions         (235,105)        
Preferred Share distributions         (773)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 24,672                
Losses reclassified into earnings from other comprehensive income (5,106)         5,106      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 0.625    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2,165          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (196)  
Equity compensation associated with Noncontrolling Interests               3,343  
Net income attributable to Noncontrolling Interests 10,997             10,997 1,143
Distributions to Noncontrolling Interests               (7,590) (1,004)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               (1,779)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       2,524       (2,524)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 10,997             10,997 1,143
Distributions to Noncontrolling Interests               (7,590) (1,004)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (28)         28
Balance, end of period at Sep. 30, 2022 11,044,727 $ 37,280 $ 3,762 $ 9,267,450 $ 1,737,107 $ (872)      
Balance, end of period at Sep. 30, 2022 $ 217,010             $ 218,577 $ (1,567)