XML 18 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Series E Cumulative Redeemable Preferred Stock
Preferred Stock
Series E Cumulative Redeemable Preferred Stock
Additional Paid In Capital
Series E Cumulative Redeemable Preferred Stock
Distributions in excess of retained earnings
Series E Cumulative Redeemable Preferred Stock
Series F Cumulative Redeemable Preferred Stock
Preferred Stock
Series F Cumulative Redeemable Preferred Stock
Additional Paid In Capital
Series F Cumulative Redeemable Preferred Stock
Distributions in excess of retained earnings
Series F Cumulative Redeemable Preferred Stock
Series G Cumulative Redeemable Preferred Stock
Preferred Stock
Series G Cumulative Redeemable Preferred Stock
Additional Paid In Capital
Series G Cumulative Redeemable Preferred Stock
Distributions in excess of retained earnings
Series G Cumulative Redeemable Preferred Stock
Series H Cumulative Redeemable Preferred Stock
Preferred Stock
Series H Cumulative Redeemable Preferred Stock
Additional Paid In Capital
Series H Cumulative Redeemable Preferred Stock
Distributions in excess of retained earnings
Series H Cumulative Redeemable Preferred Stock
Series I Cumulative Redeemable Preferred Stock
Preferred Stock
Series I Cumulative Redeemable Preferred Stock
Additional Paid In Capital
Series I Cumulative Redeemable Preferred Stock
Distributions in excess of retained earnings
Series I Cumulative Redeemable Preferred Stock
Preferred Stock
Common Stock
Additional Paid In Capital
Distributions in excess of retained earnings
Non-Controlling Interest in Consolidated Joint Venture
Total
Beginning Balance at Dec. 31, 2020                                         $ 190,000 $ 2,156 $ 2,586,108 $ (729,620) $ 40,735 $ 2,089,379
Beginning Balance (in shares) at Dec. 31, 2020                                         7,600,000 215,593,401        
Increase (Decrease) in Stockholders' Equity                                                    
Amortization of deferred stock compensation                                             13,278     13,278
Issuance of restricted common stock, net                                           $ 10 (4,887)     (4,877)
Issuance of restricted common stock, net (in shares)                                           1,062,106        
Forfeiture of restricted common stock                                           $ (2) 2      
Forfeiture of restricted common stock (in shares)                                           (235,406)        
Preferred stock dividends and dividends payable     $ (3,552) $ (3,552)     $ (2,969) $ (2,969)     $ (619) $ (619)     $ (4,246) $ (4,246)     $ (2,612) $ (2,612)            
Contribution from noncontrolling interest                                                 1,375 1,375
Net proceeds from issuance of common stock                                           $ 29 37,630     37,659
Number of shares of common stock issued (in shares)                                           2,913,682        
Net issuance of preferred stock in connection with hotel acquisition                 $ 66,250 $ (142)   66,108                            
Net issuance of preferred stock in connection with hotel acquisition (in shares)                 2,650,000                                  
Net proceeds from issuance of preferred stock                         $ 115,000 $ (3,801)   111,199 $ 100,000 $ (3,344)   96,656            
Number of shares of preferred stock issued (in shares)                         4,600,000       4,000,000                  
Redemption of preferred stock $ (115,000) $ 4,016 $ (4,016) $ (115,000) $ (75,000) $ 2,624 $ (2,624) $ (75,000)                                    
Redemption of preferred stock (in shares) (4,600,000)       (3,000,000)                                          
Net Income                                               34,298 (1,303) 32,995
Ending Balance at Dec. 31, 2021                                         $ 281,250 $ 2,193 2,631,484 (715,960) 40,807 2,239,774
Ending Balance (in shares) at Dec. 31, 2021                                         11,250,000 219,333,783        
Increase (Decrease) in Stockholders' Equity                                                    
Amortization of deferred stock compensation                                             11,372     11,372
Issuance of restricted common stock, net                                           $ 3 (3,445)     (3,442)
Issuance of restricted common stock, net (in shares)                                           266,795        
Forfeiture of restricted common stock (in shares)                                           (34,807)        
Common stock distributions and distributions payable                                               (21,059)   (21,059)
Preferred stock dividends and dividends payable                     (1,503) (1,503)     (7,044) (7,044)     (5,700) (5,700)            
Distribution to noncontrolling interest                                                 (5,500) (5,500)
Repurchases of outstanding common stock                                           $ (103) (108,339)     (108,442)
Repurchases of outstanding common stock (in shares)                                           (10,245,324)        
Acquisition of noncontrolling interest, net                                             (65,477)   (38,784) (104,261)
Net Income                                               87,289 $ 3,477 90,766
Ending Balance at Dec. 31, 2022                                         $ 281,250 $ 2,093 2,465,595 (663,977)   2,084,961
Ending Balance (in shares) at Dec. 31, 2022                                         11,250,000 209,320,447        
Increase (Decrease) in Stockholders' Equity                                                    
Amortization of deferred stock compensation                                             11,242     11,242
Issuance of restricted common stock, net                                           $ 2 (3,778)     (3,776)
Issuance of restricted common stock, net (in shares)                                           138,522        
Forfeiture of restricted common stock (in shares)                                           (8,192)        
Common stock distributions and distributions payable                                               (61,807)   (61,807)
Preferred stock dividends and dividends payable                     $ (1,244) $ (1,244)     $ (7,044) $ (7,044)     $ (5,700) $ (5,700)            
Repurchases of outstanding common stock                                           $ (60) (56,343)     (56,403)
Repurchases of outstanding common stock (in shares)                                           (5,971,192)        
Acquisition of noncontrolling interest, net                                             (299)     (299)
Net Income                                               206,708   206,708
Ending Balance at Dec. 31, 2023                                         $ 281,250 $ 2,035 $ 2,416,417 $ (533,064)   $ 2,166,638
Ending Balance (in shares) at Dec. 31, 2023                                         11,250,000 203,479,585