XML 29 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Preferred Stock
Total AIR Equity
Total AIR Equity
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Common Stock
Additional  Paid- in Capital
Accumulated Other Comprehensive Income (Loss)
Distributions  in Excess  of Earnings
Noncontrolling Interests in Consolidated Real Estate Partnerships
Common Noncontrolling Interests in AIR Operating Partnership
Beginning balance (in shares) at Dec. 31, 2020         20              
Beginning balance (in shares) at Dec. 31, 2020             148,861,036          
Beginning balance at Dec. 31, 2020 $ 1,308,093   $ 1,306,851   $ 2,000   $ 1,489 $ 3,432,121 $ 3,039 $ (2,131,798) $ (61,943) $ 63,185
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of stock, shares           125 7,825,000          
Issuance of stock, value 342,470 $ 129 342,470 $ 129   $ 129 $ 79 342,391        
Issuance costs (486)   (486)         (486)        
Issuance of AIR Operating Partnership units 121,557                     121,557
Redemption of AIR Operating Partnership units (17,827)                     (17,827)
Conversion of AIR Operating Partnership units (in shares)             170,820          
Conversion of AIR Operating Partnership units     8,333       $ 1 8,332       (8,333)
Amortization of share-based compensation cost, (in shares)             33,000          
Amortization of share-based compensation cost 7,655   3,771         3,771       3,884
Effect of changes in ownership for consolidated entities 0   (21,312)         (21,312)       21,312
Contributions from noncontrolling interests in consolidated real estate partnerships 7,458                   7,458  
Change in accumulated other comprehensive income (3,251)   (3,039)           (3,039)     (212)
Net income (loss) 472,811   447,621             447,621 (3,243) 28,433
Common Stock dividends (269,385)   (269,385)             (269,385)    
Preferred Stock dividends (179)   (179)             (179)    
Distributions to noncontrolling interests (28,129)                   (12,913) (15,216)
Other, net (in shares)             (108,511)          
Other, net (1,761)   (1,749)       $ 1 (1,712) 0 (38) (242) 230
Ending balance (in shares) at Dec. 31, 2021         145              
Ending balance (in shares) at Dec. 31, 2021             156,998,367          
Ending balance at Dec. 31, 2021 1,939,155   1,813,025   $ 2,129   $ 1,570 3,763,105 0 (1,953,779) (70,883) 197,013
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Redemption of AIR Operating Partnership units (11,174)                     (11,174)
Conversion of AIR Operating Partnership units (in shares)             3,116          
Conversion of AIR Operating Partnership units     119         119       (119)
Amortization of share-based compensation cost 7,966   4,270         4,270       3,696
Effect of changes in ownership for consolidated entities 0   (7,791)         (7,791)       7,791
Contributions from noncontrolling interests in consolidated real estate partnerships 9,206                   9,206  
Change in accumulated other comprehensive income 47,322   43,562           43,562     3,760
Net income (loss) 963,662   904,432             904,432 458 58,772
Common Stock dividends (277,639)   (277,639)             (277,639)    
Distributions to noncontrolling interests (35,444)                   (17,623) (17,821)
Other, net (in shares)         (125)   (105,204)          
Other, net (1,629)   (1,322)   $ (129)   $ 1 (909) 0 (285) (63) (244)
Repurchases of Common Stock (in shares)             (8,020,139)          
Repurchase of Common Stock, net (316,710)   (316,710)       $ (80) (316,630)        
Purchase of noncontrolling interests in consolidated real estate partnerships $ (5,409)   (5,529)         (5,529)     120  
Ending balance (in shares) at Dec. 31, 2022         20              
Ending balance (in shares) at Dec. 31, 2022 149,086,548           149,086,548          
Ending balance at Dec. 31, 2022 $ 2,319,306   2,156,417   $ 2,000   $ 1,491 3,436,635 43,562 (1,327,271) (78,785) 241,674
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of AIR Operating Partnership units 22,383                     22,383
Redemption of AIR Operating Partnership units (18,507)                     (18,507)
Amortization of share-based compensation cost 9,296   4,488         4,488       4,808
Effect of changes in ownership for consolidated entities 1,113   (8,260)         (8,260)     (1,398) 10,771
Contributions from noncontrolling interests in consolidated real estate partnerships 5,691                   5,691  
Change in accumulated other comprehensive income (22,868)   (21,170)           (21,170)     (1,698)
Net income (loss) 683,007   635,101             635,101 5,185 42,721
Common Stock dividends (266,422)   (266,422)             (266,422)    
Distributions to noncontrolling interests (32,080)                   (14,376) (17,704)
Other, net (in shares)             (158,656)          
Other, net (72)   219       $ 1 287 0 (69) (294) 3
Repurchases of Common Stock (in shares)             (4,319,600)          
Repurchase of Common Stock, net (148,956)   (148,956)       $ (43) (148,913)        
Purchase of noncontrolling interests in consolidated real estate partnerships $ (1,517)   479         479     (1,996)  
Ending balance (in shares) at Dec. 31, 2023         20              
Ending balance (in shares) at Dec. 31, 2023 144,925,604           144,925,604          
Ending balance at Dec. 31, 2023 $ 2,550,374   $ 2,351,896   $ 2,000   $ 1,449 $ 3,284,716 $ 22,392 $ (958,661) $ (85,973) $ 284,451