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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              
Impact of adoption of ASUs [1] $ 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) 64,990     61,470   61,470 3,520
Other comprehensive income (loss) 825       825 825  
Issuance of common stock, net 1,532 $ 342 1,190     1,532  
Issuance of common stock, net (in shares)   342          
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 (2,919) $ (95) (2,824)     (2,919)  
Repurchase of common stock (in shares)   (95)          
Exercise of stock options 46 $ 2 44     46  
Exercise of stock options (in shares)   2          
Amortization of deferred compensation 4,111   4,111     4,111  
Common dividends (usd per share) (177,286)     (177,286)   (177,286)  
Distributions to noncontrolling interests (5,415)           (5,415)
Balance at Mar. 31, 2019 6,399,065 $ 477,929 8,405,258 (3,042,422) (3,883) 5,836,882 562,183
Balance (in shares) at Mar. 31, 2019   477,929          
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 Dec. 31, 2019 6,667,474 $ 505,222 9,183,892 (3,601,199) (2,857) 6,085,058 582,416
Balance (in shares) at Dec. 31, 2019   505,222          
Increase (Decrease) in Stockholders' Equity              
Impact of adoption of ASUs [2] (1,524)     (1,524)   (1,524)  
Adjusted balance, January 1 6,665,950 $ 505,222 9,183,892 (3,602,723) (2,857) 6,083,534 582,416
Net income (loss) 282,540     279,080   279,080 3,460
Other comprehensive income (loss) 362       362 362  
Issuance of common stock, net 1,064,622 $ 33,104 1,031,518     1,064,622  
Issuance of common stock, net (in shares)   33,104          
Conversion of DownREIT units to common stock 0 $ 23 486     509 (509)
Conversion of DownREIT units to common stock (in shares)   23          
Repurchase of common stock (9,737) $ (268) (9,469)     (9,737)  
Repurchase of common stock (in shares)   (268)          
Exercise of stock options 1,806 $ 54 1,752     1,806  
Exercise of stock options (in shares)   54          
Amortization of deferred compensation 4,832   4,832     4,832  
Common dividends (usd per share) (188,500)     (188,500)   (188,500)  
Distributions to noncontrolling interests (8,432)           (8,432)
Balance at Mar. 31, 2020 $ 7,813,443 $ 538,135 $ 10,213,011 $ (3,512,143) $ (2,495) $ 7,236,508 $ 576,935
Balance (in shares) at Mar. 31, 2020   538,135          
[1]
On January 1, 2019, the Company adopted a series of 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.
[2]
On January 1, 2020, the Company adopted a series of Accounting Standards Updates (“ASUs”) related to accounting for credit losses and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.