v3.26.1
Consolidated Statement Of Shareholders' Equity - USD ($)
$ in Thousands
Total
downREIT OP units
Preferred Shares
Common Shares
Common Shares
downREIT OP units
Additional Paid-in Capital
Additional Paid-in Capital
downREIT OP units
Accumulated Dividends in Excess of Net Income
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Noncontrolling Interests
downREIT OP units
Beginning balance (in shares) at Dec. 31, 2024     398,878 85,666,220              
Beginning balance at Dec. 31, 2024 $ 3,244,144   $ 159,822 $ 862   $ 4,248,824   $ (1,242,654) $ 4,740 $ 72,550  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income, excluding amounts attributable to redeemable noncontrolling interests 222,518             219,684   2,834  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (1,828)               (1,828)    
Dividends declared to common shareholders (189,808)             (189,808)      
Dividends declared to preferred shareholders (4,016)             (4,016)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (2,224)                 (2,224)  
Common shares issued, net (in shares)       476,609              
Common shares issued, net 54,392     $ 5   54,387          
Shares issued under dividend reinvestment plan (in shares)       9,414              
Shares issued under dividend reinvestment plan 907         907          
Share-based compensation expense, net of forfeitures (in shares)       150,350              
Share-based compensation expense, net of forfeitures 7,943     $ 2   7,941          
Shares withheld for employee taxes (in shares)       (42,537)              
Shares withheld for employee taxes (4,675)         (4,675)          
Conversion downREIT OP units (in Shares)         1,158            
Conversion of and Redemption of downREIT OP units and purchase of noncontrolling interest   $ (7,253)         $ (5,164)       $ (2,089)
Ending balance (in shares) at Jun. 30, 2025     398,878 86,261,214              
Ending balance at Jun. 30, 2025 3,320,100   $ 159,822 $ 869   4,302,220   (1,216,794) 2,912 71,071  
Beginning balance (in shares) at Mar. 31, 2025     398,878 86,255,005              
Beginning balance at Mar. 31, 2025 3,264,266   $ 159,822 $ 869   4,303,363   (1,275,769) 3,596 72,385  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income, excluding amounts attributable to redeemable noncontrolling interests 157,943             155,916   2,027  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (684)               (684)    
Dividends declared to common shareholders (94,933)             (94,933)      
Dividends declared to preferred shareholders (2,008)             (2,008)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,355)                 (1,355)  
Common shares issued, net (in shares)       66              
Common shares issued, net (102)     $ 0   (102)          
Shares issued under dividend reinvestment plan (in shares)       5,123              
Shares issued under dividend reinvestment plan 463         463          
Share-based compensation expense, net of forfeitures (in shares)       1,733              
Share-based compensation expense, net of forfeitures 3,831         3,831          
Shares withheld for employee taxes (in shares)       (713)              
Shares withheld for employee taxes (68)         (68)          
Conversion of and Redemption of downREIT OP units and purchase of noncontrolling interest   (7,253)         (5,267)       (1,986)
Ending balance (in shares) at Jun. 30, 2025     398,878 86,261,214              
Ending balance at Jun. 30, 2025 3,320,100   $ 159,822 $ 869   4,302,220   (1,216,794) 2,912 71,071  
Beginning balance (in shares) at Dec. 31, 2025     398,878 86,266,009              
Beginning balance at Dec. 31, 2025 3,318,986   $ 159,822 $ 869   4,310,365   (1,224,372) 2,047 70,255  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income, excluding amounts attributable to redeemable noncontrolling interests 246,394             244,801   1,593  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 6,293               6,293    
Dividends declared to common shareholders (195,793)             (195,793)      
Dividends declared to preferred shareholders (4,016)             (4,016)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,802)                 (1,802)  
Common shares issued, net (in shares)       493,475              
Common shares issued, net 60,388     $ 5   60,383          
Shares issued under dividend reinvestment plan (in shares)       7,889              
Shares issued under dividend reinvestment plan 832     $ 0   832          
Share-based compensation expense, net of forfeitures (in shares)       163,755              
Share-based compensation expense, net of forfeitures 8,327     $ 2   8,325          
Shares withheld for employee taxes (in shares)       (47,533)              
Shares withheld for employee taxes (4,978)         (4,978)          
Contributions from noncontrolling interests 265                 265  
Conversion of and Redemption of downREIT OP units and purchase of noncontrolling interest   $ (324)         $ (55)       $ (269)
Ending balance (in shares) at Jun. 30, 2026     398,878 86,883,595              
Ending balance at Jun. 30, 2026 3,434,572   $ 159,822 $ 876   4,374,872   (1,179,380) 8,340 70,042  
Beginning balance (in shares) at Mar. 31, 2026     398,878 86,386,687              
Beginning balance at Mar. 31, 2026 3,381,517   $ 159,822 $ 870   4,310,277   (1,164,907) 5,075 70,380  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income, excluding amounts attributable to redeemable noncontrolling interests 86,498             85,702   796  
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 3,265               3,265    
Dividends declared to common shareholders (98,167)             (98,167)      
Dividends declared to preferred shareholders (2,008)             (2,008)      
Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests (1,134)                 (1,134)  
Common shares issued, net (in shares)       493,475              
Common shares issued, net 60,388     $ 5   60,383          
Shares issued under dividend reinvestment plan (in shares)       3,611              
Shares issued under dividend reinvestment plan 475         475          
Share-based compensation expense, net of forfeitures (in shares)       289              
Share-based compensation expense, net of forfeitures 3,790     $ 1   3,789          
Shares withheld for employee taxes (in shares)       (467)              
Shares withheld for employee taxes (52)         (52)          
Ending balance (in shares) at Jun. 30, 2026     398,878 86,883,595              
Ending balance at Jun. 30, 2026 $ 3,434,572   $ 159,822 $ 876   $ 4,374,872   $ (1,179,380) $ 8,340 $ 70,042