XML 46 R33.htm IDEA: XBRL DOCUMENT v3.20.4
Organization, Basis of Presentation, and Significant Accounting Policies (Details 3)
12 Months Ended
Dec. 31, 2020
USD ($)
community
home
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Basic and diluted shares outstanding      
Weighted average common shares—basic | shares 140,094,722 139,054,191 137,844,755
Weighted average DownREIT units outstanding (in shares) | shares 7,500 7,500 7,500
Effect of dilutive securities (in shares) | shares 332,973 509,859 436,986
Weighted average common shares - diluted (in shares) | shares 140,435,195 139,571,550 138,289,241
Calculation of Earnings per Share—basic      
Net Income (Loss) Available to Common Stockholders, Basic $ 827,630,000 $ 785,974,000 $ 974,525,000
Net income allocated to unvested restricted shares (1,955,000) (2,063,000) (2,839,000)
Net income attributable to common stockholders, adjusted $ 825,675,000 $ 783,911,000 $ 971,686,000
Weighted average common shares—basic | shares 140,094,722 139,054,191 137,844,755
Earnings per common share - basic (in dollars per share) | $ / shares $ 5.89 $ 5.64 $ 7.05
Calculation of Earnings per Share—diluted      
Net Income (Loss) Available to Common Stockholders, Basic $ 827,630,000 $ 785,974,000 $ 974,525,000
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations 48,000 46,000 44,000
Adjusted net income attributable to common stockholders $ 827,678,000 $ 786,020,000 $ 974,569,000
Weighted average common shares—diluted | shares 140,435,195 139,571,550 138,289,241
Earnings per common share - diluted (in dollars per share) | $ / shares $ 5.89 $ 5.63 $ 7.05
Real Estate [Line Items]      
Operating Lease, Lease Income $ 2,297,442,000 $ 2,319,666,000 $ 2,280,963,000
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Abandoned pursuits costs 12,317,000 4,896,000 4,388,000
Casualty and impairment loss, net 0 0 215,000
Impairment of investment in unconsolidated entities 0 0 0
Management, development and other fees 3,819,000 4,960,000 3,572,000
Revenues $ 2,301,261,000 2,324,626,000 2,284,535,000
Number of real estate properties | community 273    
Number of Units in Real Estate Property | home 80,094    
New York City, NY      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Abandoned pursuits costs $ 7,264,000    
Land      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Casualty and impairment loss, net 0 0 826,000
Continuing Operations      
Real Estate [Line Items]      
Operating Lease, Lease Income 2,242,282,000 2,236,405,000 2,084,704,000
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 13,643,000 13,612,000 9,818,000
Business interruption insurance proceeds 385,000 1,441,000 26,000
Revenues 2,256,310,000 2,251,458,000 2,094,548,000
Management, Development And Other [Member] | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 3,819,000 4,960,000 3,572,000
Rental and non-rental related income | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 9,824,000 8,652,000 6,246,000
Corporate, Non-Segment [Member]      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Revenues 3,819,000 4,960,000 3,572,000
Corporate, Non-Segment [Member] | Continuing Operations      
Real Estate [Line Items]      
Operating Lease, Lease Income 0 0 0
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 3,819,000 4,960,000 3,572,000
Business interruption insurance proceeds 0 0 0
Revenues 3,819,000 4,960,000 3,572,000
Corporate, Non-Segment [Member] | Management, Development And Other [Member] | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 3,819,000 4,960,000 3,572,000
Corporate, Non-Segment [Member] | Rental and non-rental related income | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 0 0 0
Established Communities | Operating segment      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Revenues 2,028,317,000 2,107,288,000 1,731,570,000
Established Communities | Operating segment | Continuing Operations      
Real Estate [Line Items]      
Operating Lease, Lease Income 2,021,232,000 2,099,273,000 1,727,299,000
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 6,970,000 7,028,000 4,245,000
Business interruption insurance proceeds 115,000 987,000 26,000
Revenues 2,028,317,000 2,107,288,000 1,731,570,000
Established Communities | Operating segment | Management, Development And Other [Member] | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 0 0 0
Established Communities | Operating segment | Rental and non-rental related income | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 6,970,000 7,028,000 4,245,000
Other Stabilized Communities | Operating segment      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Revenues 140,173,000 110,434,000 238,584,000
Other Stabilized Communities | Operating segment | Continuing Operations      
Real Estate [Line Items]      
Operating Lease, Lease Income 138,113,000 108,756,000 236,852,000
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 1,790,000 1,224,000 1,732,000
Business interruption insurance proceeds 270,000 454,000 0
Revenues 140,173,000 110,434,000 238,584,000
Other Stabilized Communities | Operating segment | Management, Development And Other [Member] | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 0 0 0
Other Stabilized Communities | Operating segment | Rental and non-rental related income | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 1,790,000 1,224,000 1,732,000
Development/Redevelopment Communities | Operating segment | Continuing Operations      
Real Estate [Line Items]      
Operating Lease, Lease Income 82,937,000 28,376,000 120,553,000
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 1,064,000 400,000 269,000
Business interruption insurance proceeds 0 0 0
Revenues 84,001,000 28,776,000 120,822,000
Development/Redevelopment Communities | Operating segment | Management, Development And Other [Member] | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees 0 0 0
Development/Redevelopment Communities | Operating segment | Rental and non-rental related income | Continuing Operations      
Casualty Loss, Abandoned Pursuit Costs and Impairment of Long-Lived Assets      
Management, development and other fees $ 1,064,000 $ 400,000 $ 269,000