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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, 2023   $ 37,280   $ 3,793 $ 9,601,866 $ 1,437,185 $ 5,704    
Partial redemption     $ (20,125)            
Balance, beginning of year at Dec. 31, 2023               $ 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       (7)   (38,467)      
Share-based employee compensation expense:                  
Restricted shares       2 11,753        
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 attributable to controlling interests 616,716         616,716      
Common Share distributions           (767,779)      
Preferred Share distributions           (1,258)      
Premium on redemption of Preferred Shares - cash charge           (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  
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   17,155   3,794 9,584,539 1,244,953 3,534    
Balance, end of period at Sep. 30, 2024               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:                  
Restricted 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 attributable to controlling interests 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                  
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   17,155   3,794 9,584,539 1,244,953 3,534    
Balance, end of period at Sep. 30, 2024               199,206 335
Balance, beginning of year at Dec. 31, 2024 11,044,560 17,155   3,795 9,611,826 1,407,570 4,214    
Balance, beginning of year at Dec. 31, 2024               201,942 (718)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       22 35,526        
Exercise of share options       1 5,357        
Employee Share Purchase Plan (ESPP)         1,963        
Common shares repurchased and retired       (15)   (94,272)      
Stock Repurchased and Retired During Period, Value 94,300                
Share-based employee compensation expense:                  
Restricted shares       2 11,836        
Share options         3,096        
ESPP discount         355        
Offering costs         (763)        
Supplemental Executive Retirement Plan (SERP)         (502)        
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership (99,701)       99,701        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         33,577     (33,577)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       22 35,526        
Exercise of share options       1 5,357        
Employee Share Purchase Plan (ESPP)         1,963        
RETAINED EARNINGS                  
Net income attributable to controlling interests 737,999         737,999      
Common Share distributions           (790,106)      
Preferred Share distributions           (1,067)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (3,550)           (3,550)    
Losses reclassified into earnings from other comprehensive income $ 1,229           1,229    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 2.0775                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares               5  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (35,548)  
Equity compensation associated with Noncontrolling Interests               13,493  
Net income attributable to Noncontrolling Interests $ 19,044             19,044 3,408
Distributions to Noncontrolling Interests               (22,350) (4,481)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (57,237)             57,237  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         33,577     (33,577)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 19,044             19,044 3,408
Distributions to Noncontrolling Interests               (22,350) (4,481)
Balance, end of period at Sep. 30, 2025 11,084,949 17,155   3,805 9,801,972 1,260,124 1,893    
Balance, end of period at Sep. 30, 2025               200,246 (1,791)
Balance, beginning of year at Jun. 30, 2025   17,155   3,800 9,656,272 1,329,379 1,615    
Balance, beginning of year at Jun. 30, 2025               202,717 (2,463)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       20 26,755        
Exercise of share options         1        
Employee Share Purchase Plan (ESPP)         550        
Common shares repurchased and retired       (15)   (94,272)      
Share-based employee compensation expense:                  
Restricted shares         2,499        
Share options         440        
ESPP discount         97        
Offering costs         (282)        
Supplemental Executive Retirement Plan (SERP)         238        
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership         80,133        
Adjustment for Noncontrolling Interests ownership in Operating Partnership         35,269     (35,269)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       20 26,755        
Exercise of share options         1        
Employee Share Purchase Plan (ESPP)         550        
RETAINED EARNINGS                  
Net income attributable to controlling interests 289,051         289,051      
Common Share distributions           (263,678)      
Preferred Share distributions           (356)      
Accumulated other comprehensive income (loss) - derivative instruments:                  
Losses reclassified into earnings from other comprehensive income $ 278           278    
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding $ 0.6925                
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares               1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (26,775)  
Equity compensation associated with Noncontrolling Interests               2,900  
Net income attributable to Noncontrolling Interests $ 6,716             6,716 1,101
Distributions to Noncontrolling Interests               (6,191) (429)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               56,147  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         35,269     (35,269)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 6,716             6,716 1,101
Distributions to Noncontrolling Interests               (6,191) (429)
Balance, end of period at Sep. 30, 2025 $ 11,084,949 $ 17,155   $ 3,805 $ 9,801,972 $ 1,260,124 $ 1,893    
Balance, end of period at Sep. 30, 2025               $ 200,246 $ (1,791)