v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total stockholders' equity
Common stock
Additional paid-in capital
Accumulated earnings less dividends
Accumulated other comprehensive income (loss)
Noncontrolling interests
Beginning Balance at Dec. 31, 2024 $ 11,941,092 $ 11,941,092 $ 1,422 $ 11,314,116 $ 591,250 $ 34,304 $ 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) (15,466) 1 (14,371) (1,096)    
Amortization of deferred compensation 8,195 8,195   8,195      
Ending Balance at Mar. 31, 2025 11,916,283 11,916,283 1,423 11,307,940 576,486 30,434 0
Beginning Balance at Dec. 31, 2024 11,941,092 11,941,092 1,422 11,314,116 591,250 34,304 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 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 11,947,719 1,423 11,323,160 595,535 27,601 222,579
Beginning Balance at Mar. 31, 2025 11,916,283 11,916,283 1,423 11,307,940 576,486 30,434 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 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)  
Dividends declared to common stockholders (249,610) (249,610)     (249,610)    
Issuance of common stock, net of withholdings 2,670 2,670   2,676 (6)    
Amortization of deferred compensation 12,544 12,544   12,544      
Redemption of DownREIT Units 222,653           222,653
Dividends declared to noncontrolling interests (1,264)           (1,264)
Ending Balance at Jun. 30, 2025 12,170,298 11,947,719 1,423 11,323,160 595,535 27,601 222,579
Beginning Balance at Dec. 31, 2025 11,834,317 11,611,340 1,401 11,212,296 371,157 26,486 222,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 328,290 325,730     325,730   2,560
Gain (loss) on cash flow hedges, net 6,576 6,526       6,526 50
Cash flow hedge gains reclassified to earnings (563) (559)       (559) (4)
Dividends declared to noncontrolling interests (250,770) (248,883)     (248,883)   (1,887)
Issuance of common stock, net of withholdings (12,792) (12,792) 2 (13,165) 371    
Repurchase of common stock, including repurchase costs (198,480) (198,480) (12) (89,723) (108,745)    
Amortization of deferred compensation 8,043 8,043   8,043      
Ending Balance at Mar. 31, 2026 11,714,621 11,490,925 1,391 11,117,451 339,630 32,453 223,696
Beginning Balance at Dec. 31, 2025 11,834,317 11,611,340 1,401 11,212,296 371,157 26,486 222,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 485,183            
Net income attributable to common stockholders 481,450            
Gain (loss) on cash flow hedges, net 13,754            
Cash flow hedge gains reclassified to earnings (1,250)            
Ending Balance at Jun. 30, 2026 12,228,658 12,022,411 1,419 11,739,908 242,188 38,896 206,247
Beginning Balance at Mar. 31, 2026 11,714,621 11,490,925 1,391 11,117,451 339,630 32,453 223,696
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 156,893 155,720     155,720   1,173
Net income attributable to common stockholders 155,720            
Gain (loss) on cash flow hedges, net 7,178 7,125       7,125 53
Cash flow hedge gains reclassified to earnings (687) (682)       (682) (5)
Dividends declared to noncontrolling interests (254,957) (253,212)     (253,212)   (1,745)
Issuance of common stock, net of withholdings 608,236 608,236 28 608,158 50    
Amortization of deferred compensation 11,643 11,643   11,643      
Redemption of DownREIT Units (14,269) 2,656   2,656     (16,925)
Ending Balance at Jun. 30, 2026 $ 12,228,658 $ 12,022,411 $ 1,419 $ 11,739,908 $ 242,188 $ 38,896 $ 206,247