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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       1,680          
Exercise of share options     4 21,017          
Employee Share Purchase Plan (ESPP)     1 3,279          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     2 9,524       1  
Share options       1,856          
ESPP discount       637          
Offering costs       (739)          
Supplemental Executive Retirement Plan (SERP)       (269)          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,383)         (4,795)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership $ (127,570)     127,570          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       9,156       (9,156)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       1,680          
Exercise of share options     4 21,017          
Employee Share Purchase Plan (ESPP)     1 3,279          
RETAINED EARNINGS                  
Net Income (Loss) 617,891       617,891        
Common Share distributions         (705,529)        
Preferred Share distributions         (2,318)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 23,413         23,413      
Losses reclassified into earnings from other comprehensive income 9,987         9,987      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 1.875    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     2 9,524       1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (1,680)  
Equity compensation associated with Noncontrolling Interests               16,502  
Net income attributable to Noncontrolling Interests 21,024             21,024 2,726
Distributions to Noncontrolling Interests               (23,078) (18,267)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (870)             870  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       9,156       (9,156)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 21,024             21,024 2,726
Contributions by Noncontrolling Interests                 603
Distributions to Noncontrolling Interests               (23,078) (18,267)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,383)         (4,795)
Balance, end of period at Sep. 30, 2022   37,280 3,762 9,267,450 1,737,107 (872)      
Balance, end of period at Sep. 30, 2022               218,577 (1,567)
Balance, beginning of year at Jun. 30, 2022   37,280 3,761 9,229,738 1,649,960 (30,650)      
Balance, beginning of year at Jun. 30, 2022               216,326 (1,734)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       196          
Exercise of share options       2,093          
Employee Share Purchase Plan (ESPP)     1 901          
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2,165          
Share options       466          
ESPP discount       217          
Offering costs       (252)          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (28)         28
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership       29,430          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       2,524       (2,524)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       196          
Exercise of share options       2,093          
Employee Share Purchase Plan (ESPP)     1 901          
RETAINED EARNINGS                  
Net Income (Loss) 323,025       323,025        
Common Share distributions         (235,105)        
Preferred Share distributions         (773)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 24,672         24,672      
Losses reclassified into earnings from other comprehensive income 5,106         5,106      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             0.625    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2,165          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (196)  
Equity compensation associated with Noncontrolling Interests               3,343  
Net income attributable to Noncontrolling Interests 10,997             10,997 1,143
Distributions to Noncontrolling Interests               (7,590) (1,004)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               (1,779)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       2,524       (2,524)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 10,997             10,997 1,143
Distributions to Noncontrolling Interests               (7,590) (1,004)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (28)         28
Balance, end of period at Sep. 30, 2022   37,280 3,762 9,267,450 1,737,107 (872)      
Balance, end of period at Sep. 30, 2022               218,577 (1,567)
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     9 13,907          
Exercise of share options     2 11,472          
Employee Share Purchase Plan (ESPP)       2,591          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     2 10,292       1  
Share options       3,904          
ESPP discount       481          
Supplemental Executive Retirement Plan (SERP)       32,078          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (900)         (2,837)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership (18,613)     18,613          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       20,534       (20,534)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     9 13,907          
Exercise of share options     2 11,472          
Employee Share Purchase Plan (ESPP)       2,591          
RETAINED EARNINGS                  
Net Income (Loss) 523,746       523,746        
Common Share distributions         (753,633)        
Preferred Share distributions         (2,318)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 4,514         4,514      
Losses reclassified into earnings from other comprehensive income 3,132         3,132      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             1.9875    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     2 10,292       1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (13,916)  
Equity compensation associated with Noncontrolling Interests               14,205  
Net income attributable to Noncontrolling Interests 17,174             17,174 5,299
Distributions to Noncontrolling Interests               (22,924) (3,573)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (21,878)             21,878  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       20,534       (20,534)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 17,174             17,174 5,299
Contributions by Noncontrolling Interests                 9
Distributions to Noncontrolling Interests               (22,924) (3,573)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (900)         (2,837)
Balance, end of period at Sep. 30, 2023 11,061,865 37,280 3,797 9,589,057 1,426,632 5,099      
Balance, end of period at Sep. 30, 2023 204,022             205,845 (1,823)
Balance, beginning of year at Jun. 30, 2023   37,280 3,790 9,472,628 1,506,460 3,708      
Balance, beginning of year at Jun. 30, 2023               207,405 (4,728)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     7 9,250          
Exercise of share options       116          
Employee Share Purchase Plan (ESPP)       467          
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2,349          
Share options       779          
ESPP discount       83          
Supplemental Executive Retirement Plan (SERP)       31,930          
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership       57,736          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       13,719       (13,719)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     7 9,250          
Exercise of share options       116          
Employee Share Purchase Plan (ESPP)       467          
RETAINED EARNINGS                  
Net Income (Loss) 172,508       172,508        
Common Share distributions         (251,563)        
Preferred Share distributions         (773)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period 460         460      
Losses reclassified into earnings from other comprehensive income 931         931      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 0.6625    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2,349          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (9,257)  
Equity compensation associated with Noncontrolling Interests               3,338  
Net income attributable to Noncontrolling Interests 5,561             5,561 3,217
Distributions to Noncontrolling Interests               (7,284) (312)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               19,801  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       13,719       (13,719)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 5,561             5,561 3,217
Distributions to Noncontrolling Interests               (7,284) (312)
Balance, end of period at Sep. 30, 2023 11,061,865 $ 37,280 $ 3,797 $ 9,589,057 $ 1,426,632 $ 5,099      
Balance, end of period at Sep. 30, 2023 $ 204,022             $ 205,845 $ (1,823)