XML 20 R5.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statement Of Shareholders' Equity - USD ($)
$ in Thousands
Total
downREIT OP units
Preferred Shares
Common Shares
Common Shares
downREIT OP units
Additional Paid-in Capital
Additional Paid-in Capital
downREIT OP units
Accumulated Dividends in Excess of Net Income
Accumulated Other Comprehensive Income
Noncontrolling Interests
Noncontrolling Interests
downREIT OP units
Beginning balance (in shares) at Dec. 31, 2023     398,878 82,775,286              
Beginning balance at Dec. 31, 2023 $ 3,042,159   $ 159,822 $ 833   $ 3,959,276   $ (1,160,474) $ 4,052 $ 78,650  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss), excluding amounts attributable to redeemable noncontrolling interests 169,234             168,718   516  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 2,990               2,990    
Dividends declared to common shareholders (181,564)             (181,564)      
Dividends declared to preferred shareholders (4,016)             (4,016)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,890)                 (1,890)  
Common shares issued, net (in shares)       700,798              
Common shares issued, net 70,930     $ 7   70,923          
Shares issued under dividend reinvestment plan (in shares)       9,433              
Shares issued under dividend reinvestment plan 847         847          
Share-based compensation expense, net of forfeitures (in shares)       147,382              
Share-based compensation expense, net of forfeitures 8,175     $ 1   8,174          
Shares withheld for employee taxes (in shares)       (46,516)              
Shares withheld for employee taxes (4,686)         (4,686)          
Conversion downREIT OP units (in Shares)         4,160            
Conversion of downREIT OP units   $ (285)         $ 427       $ (712)
Purchase of noncontrolling interest (12,358)         (10,264)       (2,094)  
Contributions from noncontrolling interests 725                 725  
Purchase of capped calls (19,448)         (19,448)          
Ending balance (in shares) at Jun. 30, 2024     398,878 83,590,543              
Ending balance at Jun. 30, 2024 3,070,813   $ 159,822 $ 841   4,005,249   (1,177,336) 7,042 75,195  
Beginning balance (in shares) at Mar. 31, 2024     398,878 82,948,600              
Beginning balance at Mar. 31, 2024 2,995,992   $ 159,822 $ 835   3,946,740   (1,196,225) 6,899 77,921  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss), excluding amounts attributable to redeemable noncontrolling interests 112,788             111,982   806  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 143               143    
Dividends declared to common shareholders (91,085)             (91,085)      
Dividends declared to preferred shareholders (2,008)             (2,008)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,092)                 (1,092)  
Common shares issued, net (in shares)       637,875              
Common shares issued, net 64,553     $ 6   64,547          
Shares issued under dividend reinvestment plan (in shares)       4,805              
Shares issued under dividend reinvestment plan 492         492          
Share-based compensation expense, net of forfeitures (in shares)       (25)              
Share-based compensation expense, net of forfeitures 3,745         3,745          
Shares withheld for employee taxes (in shares)       (712)              
Shares withheld for employee taxes (72)         (72)          
Conversion of downREIT OP units   $ (285)         $ 61       $ (346)
Purchase of noncontrolling interest (12,358)         (10,264)       (2,094)  
Ending balance (in shares) at Jun. 30, 2024     398,878 83,590,543              
Ending balance at Jun. 30, 2024 3,070,813   $ 159,822 $ 841   4,005,249   (1,177,336) 7,042 75,195  
Beginning balance (in shares) at Dec. 31, 2024     398,878 85,666,220              
Beginning balance at Dec. 31, 2024 3,244,144   $ 159,822 $ 862   4,248,824   (1,242,654) 4,740 72,550  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss), excluding amounts attributable to redeemable noncontrolling interests 222,518             219,684   2,834  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (1,828)               (1,828)    
Dividends declared to common shareholders (189,808)             (189,808)      
Dividends declared to preferred shareholders (4,016)             (4,016)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (2,224)                 (2,224)  
Common shares issued, net (in shares)       476,609              
Common shares issued, net 54,392     $ 5   54,387          
Shares issued under dividend reinvestment plan (in shares)       9,414              
Shares issued under dividend reinvestment plan 907         907          
Share-based compensation expense, net of forfeitures (in shares)       150,350              
Share-based compensation expense, net of forfeitures 7,943     $ 2   7,941          
Shares withheld for employee taxes (in shares)       (42,537)              
Shares withheld for employee taxes (4,675)         (4,675)          
Conversion downREIT OP units (in Shares)         1,158            
Purchase of noncontrolling interest (7,253)         (5,164)       (2,089)  
Ending balance (in shares) at Jun. 30, 2025     398,878 86,261,214              
Ending balance at Jun. 30, 2025 3,320,100   $ 159,822 $ 869   4,302,220   (1,216,794) 2,912 71,071  
Beginning balance (in shares) at Mar. 31, 2025     398,878 86,255,005              
Beginning balance at Mar. 31, 2025 3,264,266   $ 159,822 $ 869   4,303,363   (1,275,769) 3,596 72,385  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss), excluding amounts attributable to redeemable noncontrolling interests 157,943             155,916   2,027  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 684               684    
Dividends declared to common shareholders (94,933)             (94,933)      
Dividends declared to preferred shareholders (2,008)             (2,008)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,355)                 (1,355)  
Common shares issued, net (in shares)       66              
Common shares issued, net (102)     $ 0   (102)          
Shares issued under dividend reinvestment plan (in shares)       5,123              
Shares issued under dividend reinvestment plan 463         463          
Share-based compensation expense, net of forfeitures (in shares)       1,733              
Share-based compensation expense, net of forfeitures 3,831     $ 0   3,831          
Shares withheld for employee taxes (in shares)       (713)              
Shares withheld for employee taxes (68)         (68)          
Purchase of noncontrolling interest (7,253)         (5,267)       (1,986)  
Ending balance (in shares) at Jun. 30, 2025     398,878 86,261,214              
Ending balance at Jun. 30, 2025 $ 3,320,100   $ 159,822 $ 869   $ 4,302,220   $ (1,216,794) $ 2,912 $ 71,071