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CONSOLIDATED STATEMENTS OF PARTNERS’ CAPITAL (DEFICIT) - USD ($)
$ in Thousands
Total
Preferred Partnership Units
Common Partnership Units
Preferred Units
Preferred Units
Preferred Partnership Units
General Partner and Special Limited Partner
Limited Partners
Limited Partners
Common Partnership Units
Partners' Capital Attributable to the AIR Operating Partnership
Partners' Capital Attributable to the AIR Operating Partnership
Preferred Partnership Units
Partners' Capital Attributable to the AIR Operating Partnership
Common Partnership Units
Noncontrolling Interests in Consolidated Real Estate Partnerships
Beginning balance at Dec. 31, 2022 $ 2,319,306     $ 2,000   $ 2,154,417 $ 241,674   $ 2,398,091     $ (78,785)
Increase (Decrease) in Partners' Capital [Roll Forward]                        
Redemption and repurchase of common partnership units (167,463)         (148,956) (18,507)   (167,463)      
Issuance of common partnership units 22,383           22,383   22,383      
Amortization of share-based compensation cost 9,296         4,488 4,808   9,296      
Effect of changes in ownership of consolidated entities 1,113         (8,260) 10,771   2,511     (1,398)
Purchase of noncontrolling interests in consolidated real estate partnerships (1,517)         479     479     (1,996)
Contributions from noncontrolling interests in consolidated real estate partnerships 5,691                     5,691
Other comprehensive loss (22,868)         (21,170) (1,698)   (22,868)      
Net income (loss) 683,007         635,101 42,721   677,822     5,185
Distributions to common unitholders (284,126)         (266,422) (17,704)   (284,126)      
Distributions to noncontrolling interests (14,376)                     (14,376)
Other, net (72)         219 3   222     (294)
Ending balance at Dec. 31, 2023 2,550,374     2,000   2,349,896 284,451   2,636,347     (85,973)
Increase (Decrease) in Partners' Capital [Roll Forward]                        
Redemption and repurchase of common partnership units (32,152) $ (2,000)     $ (2,000)   (32,152)   (32,152) $ (2,000)    
Amortization of share-based compensation cost 23,657         11,843 11,814   23,657      
Effect of changes in ownership of consolidated entities 0         24,119 (24,119)          
Other comprehensive loss (15,464)         (14,255) (1,209)   (15,464)      
Net income (loss) (361,678)         (343,791) (23,157)   (366,948)     5,270
Distributions to common unitholders (72,414)         (64,649) (7,765)   (72,414)      
Distributions to noncontrolling interests (17,552)                     (17,552)
Merger-related distributions (2,105,949)         (1,976,696) (129,253)   (2,105,949)      
Other, net 887         287     287     600
Ending balance at Dec. 31, 2024 (32,291)     0   (61,484) 126,848   65,364     (97,655)
Increase (Decrease) in Partners' Capital [Roll Forward]                        
Redemption and repurchase of common partnership units     $ (68,186)         $ (68,186)     $ (68,186)  
Effect of changes in ownership of consolidated entities 0         (66,547) 66,547          
Other comprehensive loss (4,038)         (3,843) (195)   (4,038)      
Net income (loss) 210,131         169,220 8,540   177,760     32,371
Distributions to common unitholders (347,413)         (332,364) (15,049)   (347,413)      
Distributions to noncontrolling interests (67,540)                     (67,540)
Other, net (95)         11     11     (106)
Ending balance at Dec. 31, 2025 $ (309,432)     $ 0   $ (295,007) $ 118,505   $ (176,502)     $ (132,930)