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Consolidated Statement Of Shareholders' Equity - USD ($)
$ in Thousands
Total
downREIT OP units
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 and 399,896 shares issued and outstanding, respectively
Preferred Shares
Preferred Shares
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 and 399,896 shares issued and outstanding, respectively
Common Shares
Common Shares
downREIT OP units
Common Shares
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 and 399,896 shares issued and outstanding, respectively
Additional Paid-in Capital
Additional Paid-in Capital
downREIT OP units
Additional Paid-in Capital
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 and 399,896 shares issued and outstanding, respectively
Accumulated Dividends in Excess of Net Income
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Noncontrolling Interest
downREIT OP units
Beginning balance (in shares) at Dec. 31, 2020       405,896   76,727,394                  
Beginning balance at Dec. 31, 2020 $ 2,548,747     $ 159,997   $ 771     $ 3,297,305     $ (988,272) $ (5,644) $ 84,590  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income, excluding amounts attributable to redeemable noncontrolling interests 95,921                     94,440   1,481  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 2,406                       2,406    
Dividends declared to common shareholders (164,788)                     (164,788)      
Dividends declared to preferred shareholders (4,021)                     (4,021)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,727)                         (1,727)  
Common shares issued, net (in shares)           847,509                  
Common shares issued, net 87,133         $ 9     87,124            
Shares issued under dividend reinvestment plan (in shares)           11,516                  
Shares issued under dividend reinvestment plan 1,019               1,019            
Share-based compensation expense, net of forfeitures (in shares)           152,185                  
Share-based compensation expense, net of forfeitures 7,507         $ 2     7,505            
Shares withheld for employee taxes (in shares)           (27,500)                  
Shares withheld for employee taxes (2,813)               (2,813)            
Conversion and redemption of downREIT OP units (in Shares)             49,484                
Conversion and redemption of downREIT OP units             $ 0     $ 5,049          
Conversion and redemption of downREIT OP units   $ (99)                         $ (5,148)
Contributions from noncontrolling interests 6,554                         6,554  
Ending balance (in shares) at Jun. 30, 2021       405,896   77,760,588                  
Ending balance at Jun. 30, 2021 2,575,839     $ 159,997   $ 782     3,395,189     (1,062,641) (3,238) 85,750  
Beginning balance (in shares) at Mar. 31, 2021       405,896   77,706,466                  
Beginning balance at Mar. 31, 2021 2,604,960     $ 159,997   $ 781     3,386,917     (1,024,417) (2,300) 83,982  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income, excluding amounts attributable to redeemable noncontrolling interests 46,990                     46,204   786  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (938)                       (938)    
Dividends declared to common shareholders (82,417)                     (82,417)      
Dividends declared to preferred shareholders (2,011)                     (2,011)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (943)                         (943)  
Common shares issued, net (in shares)           16                  
Common shares issued, net (81)         $ 1     (82)            
Shares issued under dividend reinvestment plan (in shares)           5,236                  
Shares issued under dividend reinvestment plan 474               474            
Share-based compensation expense, net of forfeitures (in shares)           4,473                  
Share-based compensation expense, net of forfeitures 3,358         $ 0     3,358            
Shares withheld for employee taxes (in shares)           (71)                  
Shares withheld for employee taxes (8)               (8)            
Conversion and redemption of downREIT OP units (in Shares)             44,468                
Conversion and redemption of downREIT OP units             $ 0     4,530          
Conversion and redemption of downREIT OP units   (99)                         (4,629)
Contributions from noncontrolling interests 6,554                         6,554  
Ending balance (in shares) at Jun. 30, 2021       405,896   77,760,588                  
Ending balance at Jun. 30, 2021 2,575,839     $ 159,997   $ 782     3,395,189     (1,062,641) (3,238) 85,750  
Beginning balance (in shares) at Dec. 31, 2021       405,896   78,603,305                  
Beginning balance at Dec. 31, 2021 2,663,148     $ 159,997   $ 790     3,488,794     (1,066,932) (2,047) 82,546  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income, excluding amounts attributable to redeemable noncontrolling interests 115,668                     113,660   2,008  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 5,597                       5,597    
Dividends declared to common shareholders (169,173)                     (169,173)      
Dividends declared to preferred shareholders (4,018)                     (4,018)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (2,625)                         (2,625)  
Common shares issued, net (in shares)           2,203,697                  
Common shares issued, net 259,452         $ 22     259,430            
Shares issued under dividend reinvestment plan (in shares)           8,000                  
Shares issued under dividend reinvestment plan 1,011               1,011            
Share-based compensation expense, net of forfeitures (in shares)           104,105                  
Share-based compensation expense, net of forfeitures 7,679         $ 1     7,678            
Shares withheld for employee taxes (in shares)           (38,576)                  
Shares withheld for employee taxes (4,638)               (4,638)            
Conversion of preferred shares (in shares)         (7,018)                    
Conversion of preferred shares (in shares)               1,675              
Conversion of preferred shares         $ (175)                    
Conversion of preferred shares     $ 0               $ 175        
Conversion and redemption of downREIT OP units (in Shares)             14,598                
Conversion and redemption of downREIT OP units   0         $ 0     1,385          
Conversion and redemption of downREIT OP units                             (1,385)
Adjustment to redeemable noncontrolling interests 4,326               4,326            
Ending balance (in shares) at Jun. 30, 2022       398,878   80,896,804                  
Ending balance at Jun. 30, 2022 2,876,427     $ 159,822   $ 813     3,758,161     (1,126,463) 3,550 80,544  
Beginning balance (in shares) at Mar. 31, 2022       405,896   79,417,472                  
Beginning balance at Mar. 31, 2022 2,714,577     $ 159,997   $ 799     3,572,591     (1,101,154) 1,525 80,819  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income, excluding amounts attributable to redeemable noncontrolling interests 62,675                     61,676   999  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 2,025                       2,025    
Dividends declared to common shareholders (84,977)                     (84,977)      
Dividends declared to preferred shareholders (2,008)                     (2,008)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (866)                         (866)  
Common shares issued, net (in shares)           1,473,928                  
Common shares issued, net 176,703         $ 14     176,689            
Shares issued under dividend reinvestment plan (in shares)           4,230                  
Shares issued under dividend reinvestment plan 509               509            
Share-based compensation expense, net of forfeitures (in shares)           (4,786)                  
Share-based compensation expense, net of forfeitures 3,500         $ 0     3,500            
Shares withheld for employee taxes (in shares)           (306)                  
Shares withheld for employee taxes (37)               (37)            
Conversion of preferred shares (in shares)         (7,018)                    
Conversion of preferred shares (in shares)               1,675              
Conversion of preferred shares         $ (175)                    
Conversion of preferred shares     $ 0               $ 175        
Conversion and redemption of downREIT OP units (in Shares)             4,591                
Conversion and redemption of downREIT OP units   $ 0         $ 0     $ 408          
Conversion and redemption of downREIT OP units                             $ (408)
Adjustment to redeemable noncontrolling interests 4,326               4,326            
Ending balance (in shares) at Jun. 30, 2022       398,878   80,896,804                  
Ending balance at Jun. 30, 2022 $ 2,876,427     $ 159,822   $ 813     $ 3,758,161     $ (1,126,463) $ 3,550 $ 80,544