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v3.26.1

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 (Loss) | Noncontrolling Interests | Noncontrolling Interests downREIT OP units
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
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, excluding amounts attributable to redeemable noncontrolling interests | 64,575 |  |  |  |  |  |  | 63,768 |  | 807 |
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests | (1,144) |  |  |  |  |  |  |  | (1,144) |  |
Dividends declared to common shareholders | (94,875) |  |  |  |  |  |  | (94,875) |  |  |
Dividends declared to preferred shareholders | (2,008) |  |  |  |  |  |  | (2,008) |  |  |
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests | (869) |  |  |  |  |  |  |  |  | (869) |
Common shares issued, net (in shares) |  |  |  | 476,543 |  |  |  |  |  |  |
Common shares issued, net | 54,494 |  |  | $ 5 |  | 54,489 |  |  |  |  |
Shares issued under dividend reinvestment plan (in shares) |  |  |  | 4,291 |  |  |  |  |  |  |
Shares issued under dividend reinvestment plan | 444 |  |  |  |  | 444 |  |  |  |  |
Share-based compensation expense, net of forfeitures (in shares) |  |  |  | 148,617 |  |  |  |  |  |  |
Share-based compensation expense, net of forfeitures | 4,112 |  |  | $ 2 |  | 4,110 |  |  |  |  |
Shares withheld for employee taxes (in shares) |  |  |  | (41,824) |  |  |  |  |  |  |
Shares withheld for employee taxes | (4,607) |  |  |  |  | (4,607) |  |  |  |  |
Conversion downREIT OP units (in Shares) |  |  |  |  | 1,158 |  |  |  |  |  |
Conversion of downREIT OP units |  |  |  |  |  |  | $ 103 |  |  |  |
Conversion and Redemption of downREIT OP units |  | $ 0 |  |  |  |  |  |  |  |  | $ (103)
Ending balance (in shares) at Mar. 31, 2025 |  |  | 398,878 | 86,255,005 |  |  |  |  |  |  |
Ending balance at Mar. 31, 2025 | 3,264,266 |  | $ 159,822 | $ 869 |  | 4,303,363 |  | (1,275,769) | 3,596 | 72,385 |
Beginning balance (in shares) at Dec. 31, 2025 |  |  | 398,878 | 86,266,009 |  |  |  |  |  |  |
Beginning balance at Dec. 31, 2025 | 3,318,986 |  | $ 159,822 | $ 869 |  | 4,310,365 |  | (1,224,372) | 2,047 | 70,255 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |  |
Net income, excluding amounts attributable to redeemable noncontrolling interests | 159,896 |  |  |  |  |  |  | 159,099 |  | 797 |
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests | 3,028 |  |  |  |  |  |  |  | 3,028 |  |
Dividends declared to common shareholders | (97,626) |  |  |  |  |  |  | (97,626) |  |  |
Dividends declared to preferred shareholders | (2,008) |  |  |  |  |  |  | (2,008) |  |  |
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests | (668) |  |  |  |  |  |  |  |  | (668) |
Common shares issued, net (in shares) |  |  |  | 4,278 |  |  |  |  |  |  |
Common shares issued, net | 357 |  |  | $ 0 |  | 357 |  |  |  |  |
Share-based compensation expense, net of forfeitures (in shares) |  |  |  | 163,466 |  |  |  |  |  |  |
Share-based compensation expense, net of forfeitures | 4,537 |  |  | $ 1 |  | 4,536 |  |  |  |  |
Shares withheld for employee taxes (in shares) |  |  |  | (47,066) |  |  |  |  |  |  |
Shares withheld for employee taxes | (4,926) |  |  |  |  | (4,926) |  |  |  |  |
Contributions from noncontrolling interests | 265 |  |  |  |  |  |  |  |  | 265 |
Conversion and Redemption of downREIT OP units | (324) |  |  |  |  | (55) |  |  |  | (269) |
Ending balance (in shares) at Mar. 31, 2026 |  |  | 398,878 | 86,386,687 |  |  |  |  |  |  |
Ending balance at Mar. 31, 2026 | $ 3,381,517 |  | $ 159,822 | $ 870 |  | $ 4,310,277 |  | $ (1,164,907) | $ 5,075 | $ 70,380 |

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