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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Series G Cumulative Redeemable Preferred Stock
Distributions in excess of retained earnings
Series G Cumulative Redeemable Preferred Stock
Series H Cumulative Redeemable Preferred Stock
Distributions in excess of retained earnings
Series H Cumulative Redeemable Preferred Stock
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
Total
Beginning Balance at Dec. 31, 2022             $ 281,250 $ 2,093 $ 2,465,595 $ (663,977) $ 2,084,961
Beginning Balance (in shares) at Dec. 31, 2022             11,250,000 209,320,447      
Increase (Decrease) in Stockholders' Equity                      
Amortization of deferred stock compensation                 2,545   2,545
Issuance of restricted common stock, net               $ 1 (3,349)   (3,348)
Issuance of restricted common stock, net (in shares)               55,970      
Forfeiture of restricted common stock (in shares)               (1,435)      
Common stock distributions declared                   (10,449) (10,449)
Preferred stock dividends declared $ (582) $ (582) $ (1,761) $ (1,761) $ (1,425) $ (1,425)          
Repurchases of outstanding common stock               $ (20) (18,606)   (18,626)
Repurchases of outstanding common stock (in shares)               (1,964,923)      
Net Income                   21,087 21,087
Ending Balance at Mar. 31, 2023             $ 281,250 $ 2,074 2,446,185 (657,107) 2,072,402
Ending Balance (in shares) at Mar. 31, 2023             11,250,000 207,410,059      
Beginning Balance at Dec. 31, 2022             $ 281,250 $ 2,093 2,465,595 (663,977) 2,084,961
Beginning Balance (in shares) at Dec. 31, 2022             11,250,000 209,320,447      
Increase (Decrease) in Stockholders' Equity                      
Net Income                     64,165
Ending Balance at Jun. 30, 2023             $ 281,250 $ 2,072 2,446,047 (628,245) 2,101,124
Ending Balance (in shares) at Jun. 30, 2023             11,250,000 207,184,691      
Beginning Balance at Mar. 31, 2023             $ 281,250 $ 2,074 2,446,185 (657,107) 2,072,402
Beginning Balance (in shares) at Mar. 31, 2023             11,250,000 207,410,059      
Increase (Decrease) in Stockholders' Equity                      
Amortization of deferred stock compensation                 3,442   3,442
Issuance of restricted common stock, net               $ 1 (429)   (428)
Issuance of restricted common stock, net (in shares)               82,552      
Forfeiture of restricted common stock (in shares)               (6,459)      
Common stock distributions declared                   (10,448) (10,448)
Preferred stock dividends declared (582) (582) (1,761) (1,761) (1,425) (1,425)          
Repurchases of outstanding common stock               $ (3) (2,852)   (2,855)
Repurchases of outstanding common stock (in shares)               (301,461)      
Acquisition of noncontrolling interest, net                 (299)   (299)
Net Income                   43,078 43,078
Ending Balance at Jun. 30, 2023             $ 281,250 $ 2,072 2,446,047 (628,245) 2,101,124
Ending Balance (in shares) at Jun. 30, 2023             11,250,000 207,184,691      
Beginning Balance at Dec. 31, 2023             $ 281,250 $ 2,035 2,416,417 (533,064) 2,166,638
Beginning Balance (in shares) at Dec. 31, 2023             11,250,000 203,479,585      
Increase (Decrease) in Stockholders' Equity                      
Amortization of deferred stock compensation                 2,887   2,887
Issuance of restricted common stock, net               $ 2 (3,219)   (3,217)
Issuance of restricted common stock, net (in shares)               194,813      
Common stock distributions declared                   (14,364) (14,364)
Preferred stock dividends declared (497) (497) (1,761) (1,761) (1,425) (1,425)          
Net Income                   13,035 13,035
Ending Balance at Mar. 31, 2024             $ 281,250 $ 2,037 2,416,085 (538,076) 2,161,296
Ending Balance (in shares) at Mar. 31, 2024             11,250,000 203,674,398      
Beginning Balance at Dec. 31, 2023             $ 281,250 $ 2,035 2,416,417 (533,064) 2,166,638
Beginning Balance (in shares) at Dec. 31, 2023             11,250,000 203,479,585      
Increase (Decrease) in Stockholders' Equity                      
Net Income                     39,177
Ending Balance at Jun. 30, 2024             $ 281,250 $ 2,034 2,415,764 (534,121) 2,164,927
Ending Balance (in shares) at Jun. 30, 2024             11,250,000 203,390,392      
Beginning Balance at Mar. 31, 2024             $ 281,250 $ 2,037 2,416,085 (538,076) 2,161,296
Beginning Balance (in shares) at Mar. 31, 2024             11,250,000 203,674,398      
Increase (Decrease) in Stockholders' Equity                      
Amortization of deferred stock compensation                 3,298   3,298
Issuance of restricted common stock, net (in shares)               75,002      
Common stock distributions declared                   (18,504) (18,504)
Preferred stock dividends declared $ (497) $ (497) $ (1,761) $ (1,761) $ (1,425) $ (1,425)          
Repurchases of outstanding common stock               $ (3) (3,619)   (3,622)
Repurchases of outstanding common stock (in shares)               (359,008)      
Net Income                   26,142 26,142
Ending Balance at Jun. 30, 2024             $ 281,250 $ 2,034 $ 2,415,764 $ (534,121) $ 2,164,927
Ending Balance (in shares) at Jun. 30, 2024             11,250,000 203,390,392