CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
shares in Thousands, $ in Thousands |
Total |
Total Stockholders’ Equity |
Common Stock |
Additional Paid-In Capital |
Cumulative Dividends In Excess Of Earnings |
Accumulated Other Comprehensive Income (Loss) |
Total Noncontrolling Interests |
| Beginning balance (in shares) at Dec. 31, 2022 |
|
|
546,642
|
|
|
|
|
| Beginning balance at Dec. 31, 2022 |
$ 7,182,598
|
$ 6,654,701
|
$ 546,642
|
$ 10,349,614
|
$ (4,269,689)
|
$ 28,134
|
$ 527,897
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Net income (loss) |
190,393
|
170,851
|
|
|
170,851
|
|
19,542
|
| Other comprehensive income (loss) |
3,319
|
3,319
|
|
|
|
3,319
|
|
| Issuance of common stock, net (in shares) |
|
|
642
|
|
|
|
|
| Issuance of common stock, net |
357
|
357
|
$ 642
|
(285)
|
|
|
|
| Conversion of DownREIT units to common stock (in shares) |
|
|
7
|
|
|
|
|
| Conversion of DownREIT units to common stock |
0
|
223
|
$ 7
|
216
|
|
|
(223)
|
| Repurchase of common stock (in shares) |
|
|
(238)
|
|
|
|
|
| Repurchase of common stock |
(6,474)
|
(6,474)
|
$ (238)
|
(6,236)
|
|
|
|
| Stock-based compensation |
9,959
|
(621)
|
|
(621)
|
|
|
10,580
|
| Common dividends |
(329,585)
|
(329,585)
|
|
|
(329,585)
|
|
|
| Distributions to noncontrolling interests |
(31,000)
|
|
|
|
|
|
(31,000)
|
| Adjustments to redemption value of redeemable noncontrolling interests |
42,294
|
42,294
|
|
42,294
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2023 |
|
|
547,053
|
|
|
|
|
| Ending balance at Jun. 30, 2023 |
7,061,861
|
6,535,065
|
$ 547,053
|
10,384,982
|
(4,428,423)
|
31,453
|
526,796
|
| Beginning balance at Dec. 31, 2022 |
105,679
|
|
|
|
|
|
|
| Increase (Decrease) in Redeemable Noncontrolling Interests |
|
|
|
|
|
|
|
| Net income (loss) |
313
|
|
|
|
|
|
|
| Distributions to noncontrolling interests |
(126)
|
|
|
|
|
|
|
| Contributions from noncontrolling interests |
220
|
|
|
|
|
|
|
| Adjustments to redemption value of redeemable noncontrolling interests |
(42,294)
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2023 |
63,792
|
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2023 |
|
|
546,995
|
|
|
|
|
| Beginning balance at Mar. 31, 2023 |
7,137,733
|
6,609,736
|
$ 546,995
|
10,360,058
|
(4,316,038)
|
18,721
|
527,997
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Net income (loss) |
56,052
|
51,899
|
|
|
51,899
|
|
4,153
|
| Other comprehensive income (loss) |
12,732
|
12,732
|
|
|
|
12,732
|
|
| Issuance of common stock, net (in shares) |
|
|
51
|
|
|
|
|
| Issuance of common stock, net |
183
|
183
|
$ 51
|
132
|
|
|
|
| Conversion of DownREIT units to common stock (in shares) |
|
|
7
|
|
|
|
|
| Conversion of DownREIT units to common stock |
0
|
223
|
$ 7
|
216
|
|
|
(223)
|
| Repurchase of common stock |
(7)
|
(7)
|
|
(7)
|
|
|
|
| Stock-based compensation |
5,394
|
2,256
|
|
2,256
|
|
|
3,138
|
| Common dividends |
(164,284)
|
(164,284)
|
|
|
(164,284)
|
|
|
| Distributions to noncontrolling interests |
(8,269)
|
|
|
|
|
|
(8,269)
|
| Adjustments to redemption value of redeemable noncontrolling interests |
22,327
|
22,327
|
|
22,327
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2023 |
|
|
547,053
|
|
|
|
|
| Ending balance at Jun. 30, 2023 |
7,061,861
|
6,535,065
|
$ 547,053
|
10,384,982
|
(4,428,423)
|
31,453
|
526,796
|
| Beginning balance at Mar. 31, 2023 |
85,902
|
|
|
|
|
|
|
| Increase (Decrease) in Redeemable Noncontrolling Interests |
|
|
|
|
|
|
|
| Net income (loss) |
147
|
|
|
|
|
|
|
| Distributions to noncontrolling interests |
(54)
|
|
|
|
|
|
|
| Contributions from noncontrolling interests |
124
|
|
|
|
|
|
|
| Adjustments to redemption value of redeemable noncontrolling interests |
(22,327)
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2023 |
63,792
|
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
547,156
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
6,876,042
|
6,350,446
|
$ 547,156
|
10,405,780
|
(4,621,861)
|
19,371
|
525,596
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Net income (loss) |
163,750
|
152,723
|
|
|
152,723
|
|
11,027
|
| Other comprehensive income (loss) |
22,926
|
22,926
|
|
|
|
22,926
|
|
| Shares issued as part of the Mergers (in shares) |
|
|
162,231
|
|
|
|
|
| Shares issued as part of the Merger |
2,774,147
|
2,774,147
|
$ 162,231
|
2,611,916
|
|
|
|
| Issuance of common stock, net (in shares) |
|
|
375
|
|
|
|
|
| Issuance of common stock, net |
576
|
576
|
$ 375
|
201
|
|
|
|
| Conversion of DownREIT units to common stock (in shares) |
|
|
96
|
|
|
|
|
| Conversion of DownREIT units to common stock |
0
|
2,372
|
$ 96
|
2,276
|
|
|
(2,372)
|
| Repurchase of common stock (in shares) |
|
|
(9,541)
|
|
|
|
|
| Repurchase of common stock |
(170,229)
|
(170,229)
|
$ (9,541)
|
(160,688)
|
|
|
|
| Stock-based compensation |
10,509
|
4,194
|
|
4,194
|
|
|
6,315
|
| Common dividends |
(375,545)
|
(375,545)
|
|
|
(375,545)
|
|
|
| Distributions to noncontrolling interests |
(17,453)
|
|
|
|
|
|
(17,453)
|
| Noncontrolling interests acquired as part of the Merger |
136,727
|
|
|
|
|
|
136,727
|
| Adjustments to redemption value of redeemable noncontrolling interests |
(4,112)
|
(4,112)
|
|
(4,112)
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
700,317
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
9,417,338
|
8,757,498
|
$ 700,317
|
12,859,567
|
(4,844,683)
|
42,297
|
659,840
|
| Beginning balance at Dec. 31, 2023 |
48,828
|
|
|
|
|
|
|
| Increase (Decrease) in Redeemable Noncontrolling Interests |
|
|
|
|
|
|
|
| Net income (loss) |
143
|
|
|
|
|
|
|
| Distributions to noncontrolling interests |
(312)
|
|
|
|
|
|
|
| Contributions from noncontrolling interests |
12
|
|
|
|
|
|
|
| Purchase of noncontrolling interests |
(52,886)
|
|
|
|
|
|
|
| Noncontrolling interests acquired as part of the Merger |
1,536
|
|
|
|
|
|
|
| Adjustments to redemption value of redeemable noncontrolling interests |
4,112
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
1,433
|
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
|
703,733
|
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
9,544,651
|
8,881,613
|
$ 703,733
|
12,918,936
|
(4,779,599)
|
38,543
|
663,038
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Net income (loss) |
152,756
|
146,047
|
|
|
146,047
|
|
6,709
|
| Other comprehensive income (loss) |
3,754
|
3,754
|
|
|
|
3,754
|
|
| Issuance of common stock, net (in shares) |
|
|
76
|
|
|
|
|
| Issuance of common stock, net |
268
|
268
|
$ 76
|
192
|
|
|
|
| Conversion of DownREIT units to common stock (in shares) |
|
|
96
|
|
|
|
|
| Conversion of DownREIT units to common stock |
0
|
2,372
|
$ 96
|
2,276
|
|
|
(2,372)
|
| Repurchase of common stock (in shares) |
|
|
(3,588)
|
|
|
|
|
| Repurchase of common stock |
(68,234)
|
(68,234)
|
$ (3,588)
|
(64,646)
|
|
|
|
| Stock-based compensation |
5,290
|
2,367
|
|
2,367
|
|
|
2,923
|
| Common dividends |
(211,131)
|
(211,131)
|
|
|
(211,131)
|
|
|
| Distributions to noncontrolling interests |
(10,458)
|
|
|
|
|
|
(10,458)
|
| Adjustments to redemption value of redeemable noncontrolling interests |
442
|
442
|
|
442
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
700,317
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
9,417,338
|
$ 8,757,498
|
$ 700,317
|
$ 12,859,567
|
$ (4,844,683)
|
$ 42,297
|
$ 659,840
|
| Beginning balance at Mar. 31, 2024 |
54,848
|
|
|
|
|
|
|
| Increase (Decrease) in Redeemable Noncontrolling Interests |
|
|
|
|
|
|
|
| Net income (loss) |
(40)
|
|
|
|
|
|
|
| Distributions to noncontrolling interests |
(49)
|
|
|
|
|
|
|
| Contributions from noncontrolling interests |
2
|
|
|
|
|
|
|
| Purchase of noncontrolling interests |
(52,886)
|
|
|
|
|
|
|
| Adjustments to redemption value of redeemable noncontrolling interests |
(442)
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 1,433
|
|
|
|
|
|
|