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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-In Capital
Cumulative Dividends In Excess Of Earnings
Accumulated Other Comprehensive Income (Loss)
Total Stockholders’ Equity
Total Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity              
Cumulative effect of new accounting principle [1] $ 79,144     $ 79,144   $ 79,144  
Adjusted balance, January 1 5,674,082 $ 469,436 $ 8,226,113 (3,291,376) $ (24,024) 5,380,149 $ 293,933
Balance at Dec. 31, 2017 5,594,938 $ 469,436 8,226,113 (3,370,520) (24,024) 5,301,005 293,933
Balance (in shares) at Dec. 31, 2017   469,436          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 239,091     229,545   229,545 9,546
Other comprehensive income (loss) 19,727       19,727 19,727  
Issuance of common stock, net 4,310 $ 601 3,709     4,310  
Issuance of common stock, net (in shares)   601          
Repurchase of common stock (3,342) $ (138) (3,204)     (3,342)  
Repurchase of common stock (in shares)   (138)          
Exercise of stock options 376 $ 17 359     376  
Exercise of stock options (in shares)   17          
Amortization of deferred compensation 13,098   13,098     13,098  
Common dividends (usd per share) (522,566)     (522,566)   (522,566)  
Distributions to noncontrolling interests (13,924)   0       (13,924)
Issuances of noncontrolling interests 298,929           298,929
Purchase of noncontrolling interests (69,406)   (50,129)     (50,129) (19,277)
Balance at Sep. 30, 2018 5,640,375 $ 469,916 8,189,946 (3,584,397) (4,297) 5,071,168 569,207
Balance (in shares) at Sep. 30, 2018   469,916          
Balance at Dec. 31, 2017 5,594,938 $ 469,436 8,226,113 (3,370,520) (24,024) 5,301,005 293,933
Balance (in shares) at Dec. 31, 2017   469,436          
Balance at Dec. 31, 2018 6,512,591 $ 477,496 8,398,847 (2,927,196) (4,708) 5,944,439 568,152
Balance (in shares) at Dec. 31, 2018   477,496          
Balance at Jun. 30, 2018 5,416,723 $ 469,830 8,187,385 (3,509,641) (4,080) 5,143,494 273,229
Balance (in shares) at Jun. 30, 2018   469,830          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 102,926     99,371   99,371 3,555
Other comprehensive income (loss) (217)       (217) (217)  
Issuance of common stock, net 877 $ 90 787     877  
Issuance of common stock, net (in shares)   90          
Repurchase of common stock (564) $ (21) (543)     (564)  
Repurchase of common stock (in shares)   (21)          
Exercise of stock options 376 $ 17 359     376  
Exercise of stock options (in shares)   17          
Amortization of deferred compensation 2,880   2,880     2,880  
Common dividends (usd per share) (174,127)     (174,127)   (174,127)  
Distributions to noncontrolling interests (4,458)   0       (4,458)
Issuances of noncontrolling interests 297,934           297,934
Purchase of noncontrolling interests (1,975)   (922)     (922) (1,053)
Balance at Sep. 30, 2018 5,640,375 $ 469,916 8,189,946 (3,584,397) (4,297) 5,071,168 569,207
Balance (in shares) at Sep. 30, 2018   469,916          
Increase (Decrease) in Stockholders' Equity              
Cumulative effect of new accounting principle [2] 590     590   590  
Adjusted balance, January 1 6,513,181 $ 477,496 8,398,847 (2,926,606) (4,708) 5,945,029 568,152
Balance at Dec. 31, 2018 6,512,591 $ 477,496 8,398,847 (2,927,196) (4,708) 5,944,439 568,152
Balance (in shares) at Dec. 31, 2018   477,496          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 12,702     2,010   2,010 10,692
Other comprehensive income (loss) (515)       (515) (515)  
Issuance of common stock, net 509,242 $ 17,272 491,970     509,242  
Issuance of common stock, net (in shares)   17,272          
Conversion of DownREIT units to common stock 0 $ 184 3,890     4,074 (4,074)
Conversion of DownREIT units to common stock (in shares)   184          
Repurchase of common stock (4,931) $ (159) (4,772)     (4,931)  
Repurchase of common stock (in shares)   (159)          
Exercise of stock options 1,435 $ 55 1,380     1,435  
Exercise of stock options (in shares)   55          
Amortization of deferred compensation 14,529   14,529     14,529  
Common dividends (usd per share) (536,660)     (536,660)   (536,660)  
Distributions to noncontrolling interests (17,724)           (17,724)
Issuances of noncontrolling interests 33,318           33,318
Purchase of noncontrolling interests (1,218)   (1,079)     (1,079) (139)
Balance at Sep. 30, 2019 6,523,359 $ 494,848 8,904,765 (3,461,256) (5,223) 5,933,134 590,225
Balance (in shares) at Sep. 30, 2019   494,848          
Balance at Jun. 30, 2019 6,619,272 $ 491,109 8,801,037 (3,233,283) (4,459) 6,054,404 564,868
Balance (in shares) at Jun. 30, 2019   491,109          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) (42,308)     (45,863)   (45,863) 3,555
Other comprehensive income (loss) (764)       (764) (764)  
Issuance of common stock, net 102,429 $ 3,703 98,726     102,429  
Issuance of common stock, net (in shares)   3,703          
Repurchase of common stock (349) $ (10) (339)     (349)  
Repurchase of common stock (in shares)   (10)          
Exercise of stock options 1,216 $ 46 1,170     1,216  
Exercise of stock options (in shares)   46          
Amortization of deferred compensation 4,171   4,171     4,171  
Common dividends (usd per share) (182,110)     (182,110)   (182,110)  
Distributions to noncontrolling interests (7,901)   0       (7,901)
Issuances of noncontrolling interests 29,703           29,703
Purchase of noncontrolling interests 0   0     0 0
Balance at Sep. 30, 2019 $ 6,523,359 $ 494,848 $ 8,904,765 $ (3,461,256) $ (5,223) $ 5,933,134 $ 590,225
Balance (in shares) at Sep. 30, 2019   494,848          
[1]
On January 1, 2018, the Company adopted ASU No. 2017-05, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (“ASU 2017-05”), and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.
[2]
On January 1, 2019, the Company adopted a series of Accounting Standards Updates (“ASUs”) related to accounting for leases, and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.