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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 148,867                     146,562   2,305  
Other comprehensive income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 2,918                       2,918    
Dividends declared to common shareholders (248,000)                     (248,000)      
Dividends declared to preferred shareholders (6,031)                     (6,031)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (3,282)                         (3,282)  
Common shares issued, net (in shares)           847,528                  
Common shares issued, net 87,066         $ 9     87,057            
Shares issued under dividend reinvestment plan (in shares)           15,710                  
Shares issued under dividend reinvestment plan 1,507               1,507            
Share-based compensation expense, net of forfeitures (in shares)           163,092                  
Share-based compensation expense, net of forfeitures 10,874         $ 2     10,872            
Shares withheld for employee taxes (in shares)           (28,563)                  
Shares withheld for employee taxes (2,939)               (2,939)            
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 Sep. 30, 2021       405,896   77,774,645                  
Ending balance at Sep. 30, 2021 2,546,182     $ 159,997   $ 782     3,398,851     (1,095,741) (2,726) 85,019  
Beginning balance (in shares) at Jun. 30, 2021       405,896   77,760,588                  
Beginning balance at Jun. 30, 2021 2,575,839     $ 159,997   $ 782     3,395,189     (1,062,641) (3,238) 85,750  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income, excluding amounts attributable to redeemable noncontrolling interests 52,946                     52,122   824  
Other comprehensive income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 512                       512    
Dividends declared to common shareholders (83,212)                     (83,212)      
Dividends declared to preferred shareholders (2,010)                     (2,010)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,555)                         (1,555)  
Common shares issued, net (in shares)           19                  
Common shares issued, net (67)         $ 0     (67)            
Shares issued under dividend reinvestment plan (in shares)           4,194                  
Shares issued under dividend reinvestment plan 488               488            
Share-based compensation expense, net of forfeitures (in shares)           10,907                  
Share-based compensation expense, net of forfeitures 3,367         $ 0     3,367            
Shares withheld for employee taxes (in shares)           (1,063)                  
Shares withheld for employee taxes (126)               (126)            
Ending balance (in shares) at Sep. 30, 2021       405,896   77,774,645                  
Ending balance at Sep. 30, 2021 2,546,182     $ 159,997   $ 782     3,398,851     (1,095,741) (2,726) 85,019  
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 272,668                     269,798   2,870  
Other comprehensive income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 8,131                       8,131    
Dividends declared to common shareholders (256,867)                     (256,867)      
Dividends declared to preferred shareholders (6,026)                     (6,026)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (4,066)                         (4,066)  
Common shares issued, net (in shares)           2,500,569                  
Common shares issued, net 292,344         $ 25     292,319            
Exercise of stock options (in shares)           366                  
Exercise of stock options 35               35            
Shares issued under dividend reinvestment plan (in shares)           13,832                  
Shares issued under dividend reinvestment plan 1,584               1,584            
Share-based compensation expense, net of forfeitures (in shares)           110,915                  
Share-based compensation expense, net of forfeitures 11,258         $ 2     11,256            
Shares withheld for employee taxes (in shares)           (40,974)                  
Shares withheld for employee taxes (4,886)               (4,886)            
Conversion of preferred shares (in shares)         (7,018)                    
Conversion of preferred shares         $ (175)                    
Conversion of preferred shares (in shares)               1,675              
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)
Deconsolidation of VIE 972                         972  
Adjustment to redeemable noncontrolling interests 3,585               3,585            
Ending balance (in shares) at Sep. 30, 2022       398,878   81,204,286                  
Ending balance at Sep. 30, 2022 2,981,880     $ 159,822   $ 817     3,794,247     (1,060,027) 6,084 80,937  
Beginning balance (in shares) at Jun. 30, 2022       398,878   80,896,804                  
Beginning balance at Jun. 30, 2022 2,876,427     $ 159,822   $ 813     3,758,161     (1,126,463) 3,550 80,544  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income, excluding amounts attributable to redeemable noncontrolling interests 157,000                     156,138   862  
Other comprehensive income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 2,534                       2,534    
Dividends declared to common shareholders (87,694)                     (87,694)      
Dividends declared to preferred shareholders (2,008)                     (2,008)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,441)                         (1,441)  
Common shares issued, net (in shares)           296,872                  
Common shares issued, net 32,892         $ 3     32,889            
Exercise of stock options (in shares)           366                  
Exercise of stock options 35               35            
Shares issued under dividend reinvestment plan (in shares)           5,832                  
Shares issued under dividend reinvestment plan 573               573            
Share-based compensation expense, net of forfeitures (in shares)           6,810                  
Share-based compensation expense, net of forfeitures 3,579         $ 1     3,578            
Shares withheld for employee taxes (in shares)           (2,398)                  
Shares withheld for employee taxes (248)               (248)            
Deconsolidation of VIE 972                         972  
Adjustment to redeemable noncontrolling interests (741)               (741)            
Ending balance (in shares) at Sep. 30, 2022       398,878   81,204,286                  
Ending balance at Sep. 30, 2022 $ 2,981,880     $ 159,822   $ 817     $ 3,794,247     $ (1,060,027) $ 6,084 $ 80,937