Equity

3 Months Ended

Mar. 31, 2014

Equity

Equity

(12) Equity

Common Stock

The following table lists the common stock cash dividends declared by the Company in 2014:

Declaration Date	Record Date	Amount Per Share		Dividend Payable Date
January 30	February 10	$	0.545	February 25
May 1	May 12	0.545		May 27

The following is a summary of the Company’s common stock issuances (shares in thousands):

	Three Months Ended March 31,
	2014	2013
Dividend Reinvestment and Stock Purchase Plan	875	382
Conversion of DownREIT units(1)	2	51
Exercise of stock options	4	796
Vesting of restricted stock units(2)	411	17

(1) Non-managing member LLC units.

(2) Issued under the Company’s 2006 Performance Incentive Plan, as amended and restated.

Accumulated Other Comprehensive Loss

The following is a summary of the Company’s accumulated other comprehensive loss (in thousands):

	March 31,			December 31,
	2014			2013
Unrealized gains on available for sale securities	$	3		$	—
Unrealized losses on cash flow hedges, net	(10,887		)	(10,797		)
Supplemental Executive Retirement Plan minimum liability	(2,856		)	(2,910		)
Cumulative foreign currency translation adjustment	(830		)	(780		)
Total accumulated other comprehensive loss	$	(14,570	)	$	(14,487	)

Noncontrolling Interests

At March 31, 2014, non-managing members held an aggregate of 4 million units in four limited liability companies (“DownREITs”), for which the Company is the managing member. At March 31, 2014, the carrying and fair values of these DownREIT units were $184 million and $232 million, respectively.