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 |
285,031
|
|
|
|
|
|
|
281,333
|
|
3,698
|
|
| Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests |
(2,508)
|
|
|
|
|
|
|
|
(2,508)
|
|
|
| Dividends declared to common shareholders |
(287,282)
|
|
|
|
|
|
|
(287,282)
|
|
|
|
| Dividends declared to preferred shareholders |
(6,024)
|
|
|
|
|
|
|
(6,024)
|
|
|
|
| Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests |
(3,334)
|
|
|
|
|
|
|
|
|
(3,334)
|
|
| Common shares issued, net (in shares) |
|
|
|
476,665
|
|
|
|
|
|
|
|
| Common shares issued, net |
54,306
|
|
|
$ 5
|
|
54,301
|
|
|
|
|
|
| Shares issued under dividend reinvestment plan (in shares) |
|
|
|
14,288
|
|
|
|
|
|
|
|
| Common shares issued under dividend reinvestment plan |
1,368
|
|
|
|
|
1,368
|
|
|
|
|
|
| Share-based compensation expense, net of forfeitures (in shares) |
|
|
|
151,729
|
|
|
|
|
|
|
|
| Share-based compensation expense, net of forfeitures |
11,634
|
|
|
$ 2
|
|
11,632
|
|
|
|
|
|
| Shares withheld for employee taxes (in shares) |
|
|
|
(44,497)
|
|
|
|
|
|
|
|
| Shares withheld for employee taxes |
(4,856)
|
|
|
|
|
(4,856)
|
|
|
|
|
|
| Conversion downREIT OP units (in Shares) |
|
|
|
|
1,158
|
|
|
|
|
|
|
| Conversion of and Redemption of downREIT OP units and purchase of noncontrolling interest |
|
$ (7,334)
|
|
|
|
|
$ (5,007)
|
|
|
|
$ (2,327)
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
398,878
|
86,265,563
|
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
3,285,145
|
|
$ 159,822
|
$ 869
|
|
4,306,262
|
|
(1,254,627)
|
2,232
|
70,587
|
|
| Beginning balance (in shares) at Jun. 30, 2025 |
|
|
398,878
|
86,261,214
|
|
|
|
|
|
|
|
| Beginning balance at Jun. 30, 2025 |
3,320,100
|
|
$ 159,822
|
$ 869
|
|
4,302,220
|
|
(1,216,794)
|
2,912
|
71,071
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net income, excluding amounts attributable to redeemable noncontrolling interests |
62,513
|
|
|
|
|
|
|
61,649
|
|
864
|
|
| Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests |
(680)
|
|
|
|
|
|
|
|
(680)
|
|
|
| Dividends declared to common shareholders |
(97,474)
|
|
|
|
|
|
|
(97,474)
|
|
|
|
| Dividends declared to preferred shareholders |
(2,008)
|
|
|
|
|
|
|
(2,008)
|
|
|
|
| Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests |
(1,110)
|
|
|
|
|
|
|
|
|
(1,110)
|
|
| Common shares issued, net (in shares) |
|
|
|
56
|
|
|
|
|
|
|
|
| Common shares issued, net |
(86)
|
|
|
$ 0
|
|
(86)
|
|
|
|
|
|
| Shares issued under dividend reinvestment plan (in shares) |
|
|
|
4,874
|
|
|
|
|
|
|
|
| Common shares issued under dividend reinvestment plan |
461
|
|
|
|
|
461
|
|
|
|
|
|
| Share-based compensation expense, net of forfeitures (in shares) |
|
|
|
1,379
|
|
|
|
|
|
|
|
| Share-based compensation expense, net of forfeitures |
3,691
|
|
|
|
|
3,691
|
|
|
|
|
|
| Shares withheld for employee taxes (in shares) |
|
|
|
(1,960)
|
|
|
|
|
|
|
|
| Shares withheld for employee taxes |
(181)
|
|
|
|
|
(181)
|
|
|
|
|
|
| Conversion of and Redemption of downREIT OP units and purchase of noncontrolling interest |
|
(81)
|
|
|
|
|
157
|
|
|
|
(238)
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
398,878
|
86,265,563
|
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
3,285,145
|
|
$ 159,822
|
$ 869
|
|
4,306,262
|
|
(1,254,627)
|
2,232
|
70,587
|
|
| 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 |
313,387
|
|
|
|
|
|
|
310,970
|
|
2,417
|
|
| Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests |
11,307
|
|
|
|
|
|
|
|
11,307
|
|
|
| Dividends declared to common shareholders |
(295,957)
|
|
|
|
|
|
|
(295,957)
|
|
|
|
| Dividends declared to preferred shareholders |
(6,024)
|
|
|
|
|
|
|
(6,024)
|
|
|
|
| Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests |
(2,467)
|
|
|
|
|
|
|
|
|
(2,467)
|
|
| Common shares issued, net (in shares) |
|
|
|
493,521
|
|
|
|
|
|
|
|
| Common shares issued, net |
60,321
|
|
|
$ 5
|
|
60,316
|
|
|
|
|
|
| Shares issued under dividend reinvestment plan (in shares) |
|
|
|
11,159
|
|
|
|
|
|
|
|
| Common shares issued under dividend reinvestment plan |
1,229
|
|
|
|
|
1,229
|
|
|
|
|
|
| Share-based compensation expense, net of forfeitures (in shares) |
|
|
|
167,248
|
|
|
|
|
|
|
|
| Share-based compensation expense, net of forfeitures |
$ 12,364
|
|
|
$ 2
|
|
12,362
|
|
|
|
|
|
| Shares repurchased during period |
(591,113)
|
|
|
(591,113)
|
|
|
|
|
|
|
|
| Shares repurchased during period, value |
$ (65,000)
|
|
|
$ (6)
|
|
(64,994)
|
|
|
|
|
|
| Shares withheld for employee taxes (in shares) |
|
|
|
(50,287)
|
|
|
|
|
|
|
|
| Shares withheld for employee taxes |
(5,310)
|
|
|
|
|
(5,310)
|
|
|
|
|
|
| Contributions from noncontrolling interests |
265
|
|
|
|
|
|
|
|
|
265
|
|
| Conversion of and Redemption of downREIT OP units and purchase of noncontrolling interest |
(1,800)
|
$ (324)
|
|
|
|
451
|
$ (55)
|
|
|
(2,251)
|
$ (269)
|
| Purchase of capped calls |
(21,712)
|
|
|
|
|
(21,712)
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
|
|
398,878
|
86,296,537
|
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
3,319,265
|
|
$ 159,822
|
$ 870
|
|
4,292,652
|
|
(1,215,383)
|
13,354
|
67,950
|
|
| Beginning balance (in shares) at Jun. 30, 2026 |
|
|
398,878
|
86,883,595
|
|
|
|
|
|
|
|
| Beginning balance at Jun. 30, 2026 |
3,434,572
|
|
$ 159,822
|
$ 876
|
|
4,374,872
|
|
(1,179,380)
|
8,340
|
70,042
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net income, excluding amounts attributable to redeemable noncontrolling interests |
66,993
|
|
|
|
|
|
|
66,169
|
|
824
|
|
| Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests |
5,014
|
|
|
|
|
|
|
|
5,014
|
|
|
| Dividends declared to common shareholders |
(100,164)
|
|
|
|
|
|
|
(100,164)
|
|
|
|
| Dividends declared to preferred shareholders |
(2,008)
|
|
|
|
|
|
|
(2,008)
|
|
|
|
| Distributions declared to noncontrolling interests, excluding amounts attributable to redeemable noncontrolling interests |
(665)
|
|
|
|
|
|
|
|
|
(665)
|
|
| Common shares issued, net (in shares) |
|
|
|
46
|
|
|
|
|
|
|
|
| Common shares issued, net |
(67)
|
|
|
$ 0
|
|
(67)
|
|
|
|
|
|
| Shares issued under dividend reinvestment plan (in shares) |
|
|
|
3,270
|
|
|
|
|
|
|
|
| Common shares issued under dividend reinvestment plan |
397
|
|
|
|
|
397
|
|
|
|
|
|
| Share-based compensation expense, net of forfeitures (in shares) |
|
|
|
3,493
|
|
|
|
|
|
|
|
| Share-based compensation expense, net of forfeitures |
$ 4,037
|
|
|
$ 0
|
|
4,037
|
|
|
|
|
|
| Shares repurchased during period |
(591,113)
|
|
|
(591,113)
|
|
|
|
|
|
|
|
| Shares repurchased during period, value |
$ (65,000)
|
|
|
$ (6)
|
|
(64,994)
|
|
|
|
|
|
| Shares withheld for employee taxes (in shares) |
|
|
|
(2,754)
|
|
|
|
|
|
|
|
| Shares withheld for employee taxes |
(332)
|
|
|
|
|
(332)
|
|
|
|
|
|
| Conversion of and Redemption of downREIT OP units and purchase of noncontrolling interest |
(1,800)
|
|
|
|
|
451
|
|
|
|
(2,251)
|
|
| Purchase of capped calls |
(21,712)
|
|
|
|
|
(21,712)
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
|
|
398,878
|
86,296,537
|
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 3,319,265
|
|
$ 159,822
|
$ 870
|
|
$ 4,292,652
|
|
$ (1,215,383)
|
$ 13,354
|
$ 67,950
|
|