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CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
shares in Thousands, $ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Cumulative Dividends In Excess Of Earnings
Accumulated Other Comprehensive Income (Loss)
Total Noncontrolling Interests
Balance (in shares) at Dec. 31, 2020     538,405        
Balance at Dec. 31, 2020 $ 7,289,950 $ 6,733,723 $ 538,405 $ 10,175,235 $ (3,976,232) $ (3,685) $ 556,227
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 525,886 505,540     505,540   20,346
Other comprehensive income (loss) 538 538       538  
Issuance of common stock, net (in shares)     1,005        
Issuance of common stock, net 1,745 1,745 $ 1,005 740      
Conversion of DownREIT units to common stock (in shares)     8        
Conversion of DownREIT units to common stock 0 201 $ 8 193     (201)
Repurchase of common stock (in shares)     (418)        
Repurchase of common stock (12,841) (12,841) $ (418) (12,423)      
Exercise of stock options (in shares)     97        
Exercise of stock options 3,291 3,291 $ 97 3,194      
Stock-based compensation 22,851 22,851   22,851      
Common dividends (650,082) (650,082)     (650,082)    
Distributions to noncontrolling interests (33,017)           (33,017)
Purchase of noncontrolling interests (70) (5)   (5)     (65)
Adjustments to redemption value of redeemable noncontrolling interests (89,491) (89,491)   (89,491)      
Balance (in shares) at Dec. 31, 2021     539,097        
Balance at Dec. 31, 2021 7,058,760 6,515,470 $ 539,097 10,100,294 (4,120,774) (3,147) 543,290
Beginning balance at Dec. 31, 2020 57,396            
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 44            
Distributions to noncontrolling interests (162)            
Purchase of noncontrolling interests (60,065)            
Contributions from noncontrolling interests 640            
Adjustments to redemption value of redeemable noncontrolling interests 89,491            
Ending balance at Dec. 31, 2021 87,344            
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 516,325 500,449     500,449   15,876
Other comprehensive income (loss) 31,281 31,281       31,281  
Issuance of common stock, net (in shares)     9,936        
Issuance of common stock, net 309,417 309,417 $ 9,936 299,481      
Conversion of DownREIT units to common stock (in shares)     27        
Conversion of DownREIT units to common stock 0 880 $ 27 853     (880)
Repurchase of common stock (in shares)     (2,418)        
Repurchase of common stock (67,838) (67,838) $ (2,418) (65,420)      
Stock-based compensation 31,412 31,412   31,412      
Common dividends (649,364) (649,364)     (649,364)    
Distributions to noncontrolling interests (30,389)           (30,389)
Adjustments to redemption value of redeemable noncontrolling interests (17,006) (17,006)   (17,006)      
Balance (in shares) at Dec. 31, 2022     546,642        
Balance at Dec. 31, 2022 7,182,598 6,654,701 $ 546,642 10,349,614 (4,269,689) 28,134 527,897
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 99            
Distributions to noncontrolling interests (160)            
Contributions from noncontrolling interests 1,390            
Adjustments to redemption value of redeemable noncontrolling interests 17,006            
Ending balance at Dec. 31, 2022 105,679            
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 334,120 306,009     306,009   28,111
Other comprehensive income (loss) (8,763) (8,763)       (8,763)  
Issuance of common stock, net (in shares)     683        
Issuance of common stock, net 1,438 1,438 $ 683 755      
Conversion of DownREIT units to common stock (in shares)     72        
Conversion of DownREIT units to common stock 0 1,272 $ 72 1,200     (1,272)
Repurchase of common stock (in shares)     (241)        
Repurchase of common stock (6,524) (6,524) $ (241) (6,283)      
Stock-based compensation 18,659 2,966   2,966     15,693
Common dividends (658,181) (658,181)     (658,181)    
Distributions to noncontrolling interests (44,848)           (44,848)
Purchase of noncontrolling interests (158)           (158)
Contributions from noncontrolling interests 173           173
Adjustments to redemption value of redeemable noncontrolling interests 57,528 57,528   57,528      
Balance (in shares) at Dec. 31, 2023     547,156        
Balance at Dec. 31, 2023 6,876,042 $ 6,350,446 $ 547,156 $ 10,405,780 $ (4,621,861) $ 19,371 $ 525,596
Increase (Decrease) in Redeemable Noncontrolling Interests              
Net income (loss) 637            
Distributions to noncontrolling interests (276)            
Purchase of noncontrolling interests 0            
Contributions from noncontrolling interests 316            
Adjustments to redemption value of redeemable noncontrolling interests (57,528)            
Ending balance at Dec. 31, 2023 $ 48,828