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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Preferred Stock
8.29% Series K Cumulative Redeemable Preferred Stock
COMMON SHARES, $0.01 PAR VALUE
PAID IN CAPITAL
RETAINED EARNINGS
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
OPERATING PARTNERSHIP
PARTIALLY OWNED PROPERTIES
Balance, beginning of year at Dec. 31, 2022   $ 37,280   $ 3,784 $ 9,476,085 $ 1,658,837 $ (2,547)    
Balance, beginning of year at Dec. 31, 2022               $ 209,961 $ (721)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       9 13,907        
Exercise of share options       2 11,472        
Employee Share Purchase Plan (ESPP)         2,591        
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2 10,292     1  
Share options         3,904        
ESPP discount         481        
Supplemental Executive Retirement Plan (SERP)         32,078        
Acquisition of Noncontrolling Interests – Partially Owned Properties         (900)       (2,837)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership $ (18,613)       18,613        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         20,534     (20,534)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       9 13,907        
Exercise of share options       2 11,472        
Employee Share Purchase Plan (ESPP)         2,591        
RETAINED EARNINGS                  
Net Income (Loss) 523,746         523,746      
Common Share distributions           (753,633)      
Preferred Share distributions           (2,318)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 4,514           4,514    
Losses reclassified into earnings from other comprehensive income $ 3,132           3,132    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 1.9875                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2 10,292     1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (13,916)  
Equity compensation associated with Noncontrolling Interests               14,205  
Net income attributable to Noncontrolling Interests $ 17,174             17,174 5,299
Distributions to Noncontrolling Interests               (22,924) (3,573)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (21,878)             21,878  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         20,534     (20,534)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 17,174             17,174 5,299
Contributions by Noncontrolling Interests                 9
Distributions to Noncontrolling Interests               (22,924) (3,573)
Acquisition of Noncontrolling Interests – Partially Owned Properties         (900)       (2,837)
Balance, end of period at Sep. 30, 2023   37,280   3,797 9,589,057 1,426,632 5,099    
Balance, end of period at Sep. 30, 2023               205,845 (1,823)
Balance, beginning of year at Jun. 30, 2023   37,280   3,790 9,472,628 1,506,460 3,708    
Balance, beginning of year at Jun. 30, 2023               207,405 (4,728)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       7 9,250        
Exercise of share options         116        
Employee Share Purchase Plan (ESPP)         467        
Share-based employee compensation expense:                  
Issuance of restricted units/shares         2,349        
Share options         779        
ESPP discount         83        
Supplemental Executive Retirement Plan (SERP)         31,930        
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership         57,736        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         13,719     (13,719)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       7 9,250        
Exercise of share options         116        
Employee Share Purchase Plan (ESPP)         467        
RETAINED EARNINGS                  
Net Income (Loss) 172,508         172,508      
Common Share distributions           (251,563)      
Preferred Share distributions           (773)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 460           460    
Losses reclassified into earnings from other comprehensive income $ 931           931    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 0.6625                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares         2,349        
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (9,257)  
Equity compensation associated with Noncontrolling Interests               3,338  
Net income attributable to Noncontrolling Interests $ 5,561             5,561 3,217
Distributions to Noncontrolling Interests               (7,284) (312)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               19,801  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         13,719     (13,719)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 5,561             5,561 3,217
Distributions to Noncontrolling Interests               (7,284) (312)
Balance, end of period at Sep. 30, 2023   37,280   3,797 9,589,057 1,426,632 5,099    
Balance, end of period at Sep. 30, 2023               205,845 (1,823)
Balance, beginning of year at Dec. 31, 2023 11,085,828 37,280   3,793 9,601,866 1,437,185 5,704    
Partial redemption     $ (20,125)            
Balance, beginning of year at Dec. 31, 2023 203,300             202,306 994
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       2 8,232        
Exercise of share options       3 17,312        
Employee Share Purchase Plan (ESPP)       1 2,829        
Common shares repurchased and retired 38,500     (7)   (38,467)      
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2 11,753     2  
Share options         2,973        
ESPP discount         589        
Supplemental Executive Retirement Plan (SERP)         (597)        
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership 64,541       (64,541)        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         4,123     (4,123)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       2 8,232        
Exercise of share options       3 17,312        
Employee Share Purchase Plan (ESPP)       1 2,829        
RETAINED EARNINGS                  
Net Income (Loss) 616,716         616,716      
Common Share distributions           (767,779)      
Preferred Share distributions           (1,258)      
Premium on redemption of Preferred Shares - cash charge (1,444) (1,400)       (1,444)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (3,989)           (3,989)    
Losses reclassified into earnings from other comprehensive income $ 1,819           1,819    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 2.025                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2 11,753     2  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (8,234)  
Equity compensation associated with Noncontrolling Interests               13,215  
Net income attributable to Noncontrolling Interests $ 17,290             17,290 3,098
Distributions to Noncontrolling Interests               (23,236) (3,215)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (1,986)             1,986  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         4,123     (4,123)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 17,290             17,290 3,098
Contributions by Noncontrolling Interests                 458
Distributions to Noncontrolling Interests               (23,236) (3,215)
Other                 (1,000)
Balance, end of period at Sep. 30, 2024 10,853,975 17,155   3,794 9,584,539 1,244,953 3,534    
Balance, end of period at Sep. 30, 2024 199,541             199,206 335
Balance, beginning of year at Jun. 30, 2024   17,155   3,791 9,590,105 1,357,922 6,914    
Balance, beginning of year at Jun. 30, 2024               204,032 (295)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       1 3,185        
Exercise of share options       2 10,833        
Employee Share Purchase Plan (ESPP)         381        
Share-based employee compensation expense:                  
Issuance of restricted units/shares         2,372        
Share options         466        
ESPP discount         88        
Supplemental Executive Retirement Plan (SERP)         1        
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership         (25,483)        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         2,591     (2,591)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       1 3,185        
Exercise of share options       2 10,833        
Employee Share Purchase Plan (ESPP)         381        
RETAINED EARNINGS                  
Net Income (Loss) 143,446         143,446      
Common Share distributions           (256,059)      
Preferred Share distributions           (356)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (3,989)           (3,989)    
Losses reclassified into earnings from other comprehensive income $ 609           609    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 0.675                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares         2,372        
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (3,186)  
Equity compensation associated with Noncontrolling Interests               2,979  
Net income attributable to Noncontrolling Interests $ 4,012             4,012 1,059
Distributions to Noncontrolling Interests               (7,361) (429)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               1,321  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         2,591     (2,591)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 4,012             4,012 1,059
Distributions to Noncontrolling Interests               (7,361) (429)
Balance, end of period at Sep. 30, 2024 10,853,975 $ 17,155   $ 3,794 $ 9,584,539 $ 1,244,953 $ 3,534    
Balance, end of period at Sep. 30, 2024 $ 199,541             $ 199,206 $ 335