v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Accumulated earnings less dividends
Accumulated other comprehensive income (loss)
Total stockholder's equity
Noncontrolling interests
Beginning Balance at Dec. 31, 2023 $ 11,783,318 $ 1,420 $ 11,287,626 $ 478,156 $ 16,116    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to common stockholders 173,449     173,449      
Gain (loss) on cash flow hedges, net 7,339       7,339    
Cash flow hedge gains reclassified to earnings 146       146    
Dividends declared to common stockholders (242,701)     (242,701)      
Issuance of common stock, net of withholdings (15,757) 2 (16,226) 467      
Amortization of deferred compensation 8,440   8,440        
Ending Balance at Mar. 31, 2024 11,714,234 1,422 11,279,840 409,371 23,601    
Beginning Balance at Dec. 31, 2023 11,783,318 1,420 11,287,626 478,156 16,116    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to common stockholders 427,564            
Net income attributable to common stockholders 427,383            
Gain (loss) on cash flow hedges, net 11,838            
Cash flow hedge gains reclassified to earnings 77            
Noncontrolling Interest, Period Increase (Decrease) (77)   (77)        
Ending Balance at Jun. 30, 2024 11,741,494 1,422 11,290,907 421,134 28,031    
Beginning Balance at Mar. 31, 2024 11,714,234 1,422 11,279,840 409,371 23,601    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to common stockholders 254,007            
Net income attributable to common stockholders 253,934     253,934      
Gain (loss) on cash flow hedges, net 4,499       4,499    
Cash flow hedge gains reclassified to earnings (69)       (69)    
Dividends declared to common stockholders (242,173)     (242,173)      
Issuance of common stock, net of withholdings (151)   (153) 2      
Amortization of deferred compensation 11,297   11,297        
Ending Balance at Jun. 30, 2024 11,741,494 1,422 11,290,907 421,134 28,031    
Beginning Balance at Dec. 31, 2024 11,941,092 1,422 11,314,116 591,250 34,304 $ 11,941,092 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to common stockholders 236,597     236,597   236,597  
Gain (loss) on cash flow hedges, net (3,597)       (3,597) (3,597)  
Cash flow hedge gains reclassified to earnings (273)       (273) (273)  
Dividends declared to common stockholders (250,265)     (250,265)   (250,265)  
Issuance of common stock, net of withholdings (15,466) 1 (14,371) (1,096)   (15,466)  
Amortization of deferred compensation 8,195   8,195     8,195  
Ending Balance at Mar. 31, 2025 11,916,283 1,423 11,307,940 576,486 30,434 11,916,283 0
Beginning Balance at Dec. 31, 2024 11,941,092 1,422 11,314,116 591,250 34,304 11,941,092 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to common stockholders 506,452            
Net income attributable to common stockholders 505,262            
Gain (loss) on cash flow hedges, net (5,860)            
Cash flow hedge gains reclassified to earnings (843)            
Ending Balance at Jun. 30, 2025 12,170,298 1,423 11,323,160 595,535 27,601 11,947,719 222,579
Beginning Balance at Mar. 31, 2025 11,916,283 1,423 11,307,940 576,486 30,434 11,916,283 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to common stockholders 269,855     268,665   268,665 1,190
Net income attributable to common stockholders 268,665            
Gain (loss) on cash flow hedges, net (2,263)       (2,263) (2,263)  
Cash flow hedge gains reclassified to earnings (570)       (570) (570)  
Issuance of DownREIT Units 222,653           222,653
Dividends declared to noncontrolling interests (1,264)           (1,264)
Dividends declared to common stockholders (249,610)     (249,610)   (249,610)  
Issuance of common stock, net of withholdings 2,670   2,676 (6)   2,670  
Amortization of deferred compensation 12,544   12,544     12,544  
Ending Balance at Jun. 30, 2025 $ 12,170,298 $ 1,423 $ 11,323,160 $ 595,535 $ 27,601 $ 11,947,719 $ 222,579