XML 22 R7.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
COMMON SHARES, $0.01 PAR VALUE
PAID IN CAPITAL
RETAINED EARNINGS
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
DISTRIBUTIONS
OPERATING PARTNERSHIP
PARTIALLY OWNED PROPERTIES
Balance, beginning of year at Dec. 31, 2021   $ 37,280 $ 3,755 $ 9,121,122 $ 1,827,063 $ (34,272)      
Balance, beginning of year at Dec. 31, 2021               $ 214,094 $ 18,166
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       1,484          
Exercise of share options     4 18,924          
Employee Share Purchase Plan (ESPP)       2,378          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     2 7,359       1  
Share options       1,390          
ESPP discount       420          
Offering costs       (487)          
Supplemental Executive Retirement Plan (SERP)       (269)          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,355)         (4,823)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership $ (98,140)     98,140          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       6,632       (6,632)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       1,484          
Exercise of share options     4 18,924          
Employee Share Purchase Plan (ESPP)       2,378          
RETAINED EARNINGS                  
Net Income (Loss) 294,866       294,866        
Common Share distributions         (470,424)        
Preferred Share distributions         (1,545)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (1,259)         (1,259)      
Losses reclassified into earnings from other comprehensive income (4,881)         4,881      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 1.25    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     2 7,359       1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (1,484)  
Equity compensation associated with Noncontrolling Interests               13,159  
Net income attributable to Noncontrolling Interests 10,027             10,027 1,583
Distributions to Noncontrolling Interests               (15,488) (17,263)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (2,649)             2,649  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       6,632       (6,632)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 10,027             10,027 1,583
Contributions by Noncontrolling Interests                 603
Distributions to Noncontrolling Interests               (15,488) (17,263)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,355)         (4,823)
Balance, end of period at Jun. 30, 2022   37,280 3,761 9,229,738 1,649,960 (30,650)      
Balance, end of period at Jun. 30, 2022         1,649,960 (30,650)   216,326 (1,734)
Balance, beginning of year at Mar. 31, 2022   37,280 3,760 9,142,969 1,661,705 (31,847)      
Balance, beginning of year at Mar. 31, 2022               217,451 3,415
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       1,310          
Exercise of share options     1 4,583          
Employee Share Purchase Plan (ESPP)       1,409          
Share-based employee compensation expense:                  
Issuance of restricted units/shares       3,750          
Share options       514          
ESPP discount       249          
Offering costs       (373)          
Supplemental Executive Retirement Plan (SERP)       (106)          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,355)         (4,823)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership       97,201          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       5,587       (5,587)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       1,310          
Exercise of share options     1 4,583          
Employee Share Purchase Plan (ESPP)       1,409          
RETAINED EARNINGS                  
Net Income (Loss) 224,101       224,101        
Common Share distributions         (235,073)        
Preferred Share distributions         (773)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (1,259)         (1,259)      
Losses reclassified into earnings from other comprehensive income (2,456)         2,456      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             0.625    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       3,750          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (1,310)  
Equity compensation associated with Noncontrolling Interests               5,361  
Net income attributable to Noncontrolling Interests 7,633             7,633 944
Distributions to Noncontrolling Interests               (7,593) (1,427)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               371  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       5,587       (5,587)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 7,633             7,633 944
Contributions by Noncontrolling Interests                 157
Distributions to Noncontrolling Interests               (7,593) (1,427)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,355)         (4,823)
Balance, end of period at Jun. 30, 2022   37,280 3,761 9,229,738 1,649,960 (30,650)      
Balance, end of period at Jun. 30, 2022         1,649,960 (30,650)   216,326 (1,734)
Balance, beginning of year at Dec. 31, 2022 11,173,439 37,280 3,784 9,476,085 1,658,837 (2,547)      
Balance, beginning of year at Dec. 31, 2022 209,240             209,961 (721)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     2 4,657          
Exercise of share options     2 11,356          
Employee Share Purchase Plan (ESPP)       2,124          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     2 7,943       1  
Share options       3,125          
ESPP discount       398          
Supplemental Executive Retirement Plan (SERP)       148          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (900)         (2,837)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership 39,123     (39,123)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       6,815       (6,815)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     2 4,657          
Exercise of share options     2 11,356          
Employee Share Purchase Plan (ESPP)       2,124          
RETAINED EARNINGS                  
Net Income (Loss) 351,238       351,238        
Common Share distributions         (502,070)        
Preferred Share distributions         (1,545)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 4,054         4,054      
Losses reclassified into earnings from other comprehensive income (2,201)         2,201      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             1.325    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     2 7,943       1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (4,659)  
Equity compensation associated with Noncontrolling Interests               10,867  
Net income attributable to Noncontrolling Interests 11,613             11,613 2,082
Distributions to Noncontrolling Interests               (15,640) (3,261)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (2,077)             2,077  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       6,815       (6,815)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 11,613             11,613 2,082
Contributions by Noncontrolling Interests                 9
Distributions to Noncontrolling Interests               (15,640) (3,261)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (900)         (2,837)
Balance, end of period at Jun. 30, 2023 11,023,866 37,280 3,790 9,472,628          
Balance, end of period at Jun. 30, 2023 202,677       1,506,460 3,708   207,405 (4,728)
Balance, beginning of year at Mar. 31, 2023   37,280 3,789 9,488,320 1,619,131 (11,232)      
Balance, beginning of year at Mar. 31, 2023               211,718 (2,553)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       986          
Exercise of share options       3,246          
Employee Share Purchase Plan (ESPP)       672          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     1 4,290       1  
Share options       1,628          
ESPP discount       138          
Supplemental Executive Retirement Plan (SERP)       (343)          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (900)         (2,837)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership       (33,177)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       7,768       (7,768)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       986          
Exercise of share options       3,246          
Employee Share Purchase Plan (ESPP)       672          
RETAINED EARNINGS                  
Net Income (Loss) 139,203       139,203        
Common Share distributions         (251,101)        
Preferred Share distributions         (773)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 13,834         13,834      
Losses reclassified into earnings from other comprehensive income (1,106)         1,106      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 0.6625    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     1 4,290       1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (986)  
Equity compensation associated with Noncontrolling Interests               6,213  
Net income attributable to Noncontrolling Interests 4,554             4,554 1,105
Distributions to Noncontrolling Interests               (7,736) (452)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               1,409  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       7,768       (7,768)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 4,554             4,554 1,105
Contributions by Noncontrolling Interests                 9
Distributions to Noncontrolling Interests               (7,736) (452)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (900)         (2,837)
Balance, end of period at Jun. 30, 2023 11,023,866 $ 37,280 $ 3,790 $ 9,472,628          
Balance, end of period at Jun. 30, 2023 $ 202,677       $ 1,506,460 $ 3,708   $ 207,405 $ (4,728)