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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Preferred Stock
8.29% Series K Cumulative Redeemable 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, 2022   $ 37,280   $ 3,784 $ 9,476,085 $ 1,658,837 $ (2,547)      
Balance, beginning of year at Dec. 31, 2022                 $ 209,961 $ (721)
COMMON SHARES, $0.01 PAR VALUE                    
Conversion of OP Units into Common Shares       2 3,671          
Exercise of share options       2 8,110          
Employee Share Purchase Plan (ESPP)         1,452          
Share-based employee compensation expense:                    
Issuance of restricted units/shares       1 3,653          
Share options         1,497          
ESPP discount         260          
Supplemental Executive Retirement Plan (SERP)         491          
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership $ 5,946       (5,946)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership         (953)       953  
PAID IN CAPITAL                    
Conversion of OP Units into Common Shares       2 3,671          
Exercise of share options       2 8,110          
Employee Share Purchase Plan (ESPP)         1,452          
RETAINED EARNINGS                    
Net Income (Loss) 212,035         212,035        
Common Share distributions           (250,969)        
Preferred Share distributions           (772)        
Accumulated other comprehensive income (loss) - derivative instruments:                    
Unrealized holding gains (losses) arising during the period (9,780)           (9,780)      
Losses reclassified into earnings from other comprehensive income 1,095           1,095      
DISTRIBUTIONS                    
Distributions declared per Common Share outstanding               $ 0.6625    
NONCONTROLLING INTERESTS                    
Issuance of restricted units/shares       1 3,653          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner                 (3,673)  
Equity compensation associated with Noncontrolling Interests                 4,654  
Net income attributable to Noncontrolling Interests 7,059               7,059 977
Distributions to Noncontrolling Interests                 (7,904) (2,809)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (668)               668  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         (953)       953  
PARTIALLY OWNED PROPERTIES                    
Net income attributable to Noncontrolling Interests 7,059               7,059 977
Distributions to Noncontrolling Interests                 (7,904) (2,809)
Balance, end of period at Mar. 31, 2023   37,280   3,789 9,488,320 1,619,131 (11,232)      
Balance, end of period at Mar. 31, 2023                 211,718 (2,553)
Balance, beginning of year at Dec. 31, 2023 11,085,828 37,280   3,793 9,601,866 1,437,185 5,704      
Partial redemption     $ (20,125)              
Balance, beginning of year at Dec. 31, 2023 203,300               202,306 994
COMMON SHARES, $0.01 PAR VALUE                    
Conversion of OP Units into Common Shares         254          
Exercise of share options       1 4,400          
Common shares repurchased and retired 38,500     (7)   (38,467)        
Employee Share Purchase Plan (ESPP)         1,644          
Share-based employee compensation expense:                    
Issuance of restricted units/shares       2 4,494       2  
Share options         1,289          
ESPP discount         296          
Supplemental Executive Retirement Plan (SERP)         (227)          
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership 8,815       (8,815)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership         (1,458)       1,458  
PAID IN CAPITAL                    
Conversion of OP Units into Common Shares         254          
Exercise of share options       1 4,400          
Employee Share Purchase Plan (ESPP)         1,644          
RETAINED EARNINGS                    
Net Income (Loss) 295,787         295,787        
Common Share distributions           (255,843)        
Preferred Share distributions           (547)        
Premium on redemption of Preferred Shares - cash charge (1,444) (1,400)       (1,444)        
Accumulated other comprehensive income (loss) - derivative instruments:                    
Losses reclassified into earnings from other comprehensive income 610           610      
DISTRIBUTIONS                    
Distributions declared per Common Share outstanding               $ 0.675    
NONCONTROLLING INTERESTS                    
Issuance of restricted units/shares       2 4,494       2  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner                 (254)  
Equity compensation associated with Noncontrolling Interests                 4,087  
Net income attributable to Noncontrolling Interests 8,275               8,275 970
Distributions to Noncontrolling Interests                 (8,446) (2,330)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership 156               (156)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership         (1,458)       1,458  
PARTIALLY OWNED PROPERTIES                    
Net income attributable to Noncontrolling Interests 8,275               8,275 970
Contributions by Noncontrolling Interests                   235
Distributions to Noncontrolling Interests                 (8,446) (2,330)
Other                   (1,000)
Balance, end of period at Mar. 31, 2024 11,067,672 $ 17,155   $ 3,789 $ 9,603,743 $ 1,436,671 $ 6,314      
Balance, end of period at Mar. 31, 2024 $ 206,141               $ 207,272 $ (1,131)