XML 20 R5.htm IDEA: XBRL DOCUMENT v3.23.2
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 shares issued and outstanding
Preferred Shares
Preferred Shares
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 shares issued and outstanding
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 shares issued and outstanding
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 shares issued and outstanding
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, 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         $ (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)
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         $ (175)                    
Conversion of preferred shares (in shares)               1,675              
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  
Beginning balance (in shares) at Dec. 31, 2022       398,878   81,342,959                  
Beginning balance at Dec. 31, 2022 3,034,015     $ 159,822   $ 818     3,821,801     (1,034,186) 5,757 80,003  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income, excluding amounts attributable to redeemable noncontrolling interests 117,516                     115,834   1,682  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (261)                       (261)    
Dividends declared to common shareholders (176,064)                     (176,064)      
Dividends declared to preferred shareholders (4,016)                     (4,016)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (2,202)                         (2,202)  
Common shares issued, net (in shares)           57,096                  
Common shares issued, net 6,192         $ 1     6,191            
Shares issued under dividend reinvestment plan (in shares)           9,631                  
Shares issued under dividend reinvestment plan 905               905            
Share-based compensation expense, net of forfeitures (in shares)           141,234                  
Share-based compensation expense, net of forfeitures 8,130         $ 1     8,129            
Shares withheld for employee taxes (in shares)           (42,932)                  
Shares withheld for employee taxes (4,711)               (4,711)            
Conversion and redemption of downREIT OP units (in Shares)             7,523                
Conversion and redemption of downREIT OP units   $ 0         $ 0     $ 668          
Conversion and redemption of downREIT OP units                             $ (668)
Contributions from noncontrolling interests 927                         927  
Ending balance (in shares) at Jun. 30, 2023       398,878   81,515,511                  
Ending balance at Jun. 30, 2023 2,980,431     $ 159,822   $ 820     3,832,983     (1,098,432) 5,496 79,742  
Beginning balance (in shares) at Mar. 31, 2023       398,878   81,511,204                  
Beginning balance at Mar. 31, 2023 3,004,241     $ 159,822   $ 820     3,828,930     (1,068,892) 4,546 79,015  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income, excluding amounts attributable to redeemable noncontrolling interests 61,453                     60,499   954  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 950                       950    
Dividends declared to common shareholders (88,031)                     (88,031)      
Dividends declared to preferred shareholders (2,008)                     (2,008)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,154)                         (1,154)  
Common shares issued, net (in shares)           32                  
Common shares issued, net (59)         $ 0     (59)            
Shares issued under dividend reinvestment plan (in shares)           4,967                  
Shares issued under dividend reinvestment plan 482               482            
Share-based compensation expense, net of forfeitures (in shares)           0                  
Share-based compensation expense, net of forfeitures 3,696         $ 0     3,696            
Shares withheld for employee taxes (in shares)           (692)                  
Shares withheld for employee taxes (66)               (66)            
Contributions from noncontrolling interests 927                         927  
Ending balance (in shares) at Jun. 30, 2023       398,878   81,515,511                  
Ending balance at Jun. 30, 2023 $ 2,980,431     $ 159,822   $ 820     $ 3,832,983     $ (1,098,432) $ 5,496 $ 79,742