XML 24 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
PREFERRED SHARES
PREFERRED SHARES
8.29% Series K Cumulative Redeemable Preferred Stock
COMMON SHARES, $0.01 PAR VALUE
PAID IN CAPITAL
RETAINED EARNINGS
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Member]
OPERATING PARTNERSHIP
PARTIALLY OWNED PROPERTIES
Balance, beginning of year at Dec. 31, 2021   $ 37,280   $ 3,755 $ 9,121,122 $ 1,827,063 $ (34,272)    
Balance, beginning of year at Dec. 31, 2021               $ 214,094 $ 18,166
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       4 11,919        
Issuance of Common Shares       17 139,606        
Exercise of share options       5 25,064        
Employee Share Purchase Plan (ESPP)       1 4,177        
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2 11,593     1  
Share options         2,321        
ESPP discount         796        
Offering costs         (783)        
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 $ (176,490)       176,490        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         11,432     (11,432)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       4 11,919        
Exercise of share options       5 25,064        
Employee Share Purchase Plan (ESPP)       1 4,177        
RETAINED EARNINGS                  
Net income attributable to controlling interests 776,911         776,911      
Common Share distributions           (942,047)      
Preferred Share distributions           (3,090)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the year 20,654           20,654    
Losses reclassified into earnings from other comprehensive income $ 11,071           11,071    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 2.50                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2 11,593     1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (11,923)  
Equity compensation associated with Noncontrolling Interests               19,104  
Net income attributable to Noncontrolling Interests $ 26,310             26,310 3,774
Distributions to Noncontrolling Interests               (30,407) (18,469)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (4,214)             4,214  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         11,432     (11,432)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 26,310             26,310 3,774
Contributions by Noncontrolling Interests                 603
Distributions to Noncontrolling Interests               (30,407) (18,469)
Balance, end of year at Dec. 31, 2022   37,280   3,784 9,476,085 1,658,837 (2,547)    
Balance, end of year at Dec. 31, 2022               209,961 (721)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       10 23,938        
Exercise of share options       5 23,627        
Employee Share Purchase Plan (ESPP)       1 3,516        
Common Shares repurchased and retired 49,100     (9)   (49,096)      
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2 12,484     1  
Share options         4,628        
ESPP discount         644        
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 (7,667)       7,667        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         18,099     (18,099)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       10 23,938        
Exercise of share options       5 23,627        
Employee Share Purchase Plan (ESPP)       1 3,516        
RETAINED EARNINGS                  
Net income attributable to controlling interests 835,438         835,438      
Common Share distributions           (1,004,904)      
Preferred Share distributions           (3,090)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the year 4,514           4,514    
Losses reclassified into earnings from other comprehensive income $ 3,737           3,737    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 2.65                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2 12,484     1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (23,948)  
Equity compensation associated with Noncontrolling Interests               16,430  
Net income attributable to Noncontrolling Interests $ 26,710             26,710 6,340
Distributions to Noncontrolling Interests               (30,107) (5,818)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (21,358)             21,358  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         18,099     (18,099)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 26,710             26,710 6,340
Contributions by Noncontrolling Interests                 9
Distributions to Noncontrolling Interests               (30,107) (5,818)
Consolidation of previously unconsolidated entities                 4,021
Balance, end of year at Dec. 31, 2023 11,085,828 37,280   3,793 9,601,866 1,437,185 5,704    
Balance, end of year at Dec. 31, 2023 203,300             202,306 994
Partial redemption     $ (20,125)            
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       2 8,768        
Exercise of share options       4 22,996        
Employee Share Purchase Plan (ESPP)       1 3,521        
Common Shares repurchased and retired 38,500     (7)   (38,467)      
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2 13,905     2  
Share options         3,441        
ESPP discount         711        
Supplemental Executive Retirement Plan (SERP)         (594)        
Acquisition of Noncontrolling Interests – Partially Owned Properties         1,120       (4,249)
Change in market value of Redeemable Noncontrolling Interests –Operating Partnership 49,366       (49,366)        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         5,458     (5,458)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       2 8,768        
Exercise of share options       4 22,996        
Employee Share Purchase Plan (ESPP)       1 3,521        
RETAINED EARNINGS                  
Net income attributable to controlling interests 1,035,831         1,035,831      
Common Share distributions           (1,023,922)      
Preferred Share distributions           (1,613)      
Premium on redemption of Preferred Shares (1,444) (1,400)       (1,444)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the year (3,989)           (3,989)    
Losses reclassified into earnings from other comprehensive income $ 2,499           2,499    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 2.70                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2 13,905     2  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (8,770)  
Equity compensation associated with Noncontrolling Interests               15,462  
Net income attributable to Noncontrolling Interests $ 28,932             28,932 6,212
Distributions to Noncontrolling Interests               (30,583) (3,258)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (51)             51  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         5,458     (5,458)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 28,932             28,932 6,212
Contributions by Noncontrolling Interests                 583
Distributions to Noncontrolling Interests               (30,583) (3,258)
Other                 (1,000)
Balance, end of year at Dec. 31, 2024 11,044,560 $ 17,155   $ 3,795 $ 9,611,826 $ 1,407,570 $ 4,214    
Balance, end of year at Dec. 31, 2024 $ 201,224             $ 201,942 $ (718)