XML 26 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
PREFERRED SHARES
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, 2018   $ 37,280 $ 3,694 $ 8,935,453 $ 1,261,763 $ (64,986)      
Balance, beginning of year at Dec. 31, 2018               $ 228,738 $ (2,293)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     3 10,407          
Exercise of share options     17 77,768          
Employee Share Purchase Plan (ESPP)     1 3,115          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     2 12,436       2  
Share options       2,675          
ESPP discount       642          
Offering costs       (991)          
Supplemental Executive Retirement Plan (SERP)       (1,675)          
Change in market value of Redeemable Noncontrolling Interests –Operating Partnership $ 82,283     (82,283)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       8,030       (8,030)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     3 10,407          
Exercise of share options     17 77,768          
Employee Share Purchase Plan (ESPP)     1 3,115          
RETAINED EARNINGS                  
Net income attributable to controlling interests 970,377       970,377        
Common Share distributions         (842,555)        
Preferred Share distributions         (3,090)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the year (33,765)         (33,765)      
Losses reclassified into earnings from other comprehensive income (21,188)         21,188      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 2.27    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     2 12,436       2  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (10,410)  
Equity compensation associated with Noncontrolling Interests               13,410  
Net income attributable to Noncontrolling Interests 36,034             36,034 3,297
Distributions to Noncontrolling Interests               (29,896) (7,158)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership 2,011             (2,011)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       8,030       (8,030)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 36,034             36,034 3,297
Contributions by Noncontrolling Interests                 7,337
Distributions to Noncontrolling Interests               (29,896) (7,158)
Balance, end of year at Dec. 31, 2019   37,280 3,717 8,965,577 1,386,495 (77,563)      
Balance, end of year at Dec. 31, 2019               227,837 1,183
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     1 4,695          
Exercise of share options     2 12,273          
Employee Share Purchase Plan (ESPP)     1 4,507          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     2 11,223       13  
Share options       2,349          
ESPP discount       944          
Supplemental Executive Retirement Plan (SERP)       (395)          
Change in market value of Redeemable Noncontrolling Interests –Operating Partnership (125,224)     125,224          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       2,202       (2,202)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     1 4,695          
Exercise of share options     2 12,273          
Employee Share Purchase Plan (ESPP)     1 4,507          
RETAINED EARNINGS                  
Net income attributable to controlling interests 913,636       913,636        
Common Share distributions         (897,326)        
Preferred Share distributions         (3,090)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the year (1,190)         (1,190)      
Losses reclassified into earnings from other comprehensive income (35,087)         35,087      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             2.41    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     2 11,223       13  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (4,696)  
Equity compensation associated with Noncontrolling Interests               11,926  
Net income attributable to Noncontrolling Interests 34,010             34,010 14,855
Distributions to Noncontrolling Interests               (32,951) (11,782)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership 775             (775)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       2,202       (2,202)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 34,010             34,010 14,855
Contributions by Noncontrolling Interests                 417
Distributions to Noncontrolling Interests               (32,951) (11,782)
Balance, end of year at Dec. 31, 2020 10,525,651 37,280 3,723 9,128,599 1,399,715 (43,666)      
Balance, end of year at Dec. 31, 2020 237,835             233,162 4,673
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     13 74,050          
Exercise of share options     17 85,428          
Employee Share Purchase Plan (ESPP)     1 4,264          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     1 8,388          
Share options       3,101          
ESPP discount       991          
Offering costs       (428)          
Supplemental Executive Retirement Plan (SERP)       (1,335)          
Change in market value of Redeemable Noncontrolling Interests –Operating Partnership 158,598     (158,598)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (23,338)       23,338  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     13 74,050          
Exercise of share options     17 85,428          
Employee Share Purchase Plan (ESPP)     1 4,264          
RETAINED EARNINGS                  
Net income attributable to controlling interests 1,332,850       1,332,850        
Common Share distributions         (902,412)        
Preferred Share distributions         (3,090)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Losses reclassified into earnings from other comprehensive income (9,394)         9,394      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 2.41    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     1 8,388          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (74,063)  
Equity compensation associated with Noncontrolling Interests               17,797  
Net income attributable to Noncontrolling Interests 45,900             45,900 17,964
Distributions to Noncontrolling Interests               (30,612) (5,865)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership 1,428             (1,428)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (23,338)       23,338  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 45,900             45,900 17,964
Contributions by Noncontrolling Interests                 1,394
Distributions to Noncontrolling Interests               (30,612) (5,865)
Balance, end of year at Dec. 31, 2021 10,954,948 $ 37,280 $ 3,755 $ 9,121,122 $ 1,827,063 $ (34,272)      
Balance, end of year at Dec. 31, 2021 $ 232,260             $ 214,094 $ 18,166