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Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Common Stock
Class A Common Stock
Additional Paid-in Capital
Cumulative Distributions in Excess of Retained Earnings
Accumulated Other Comprehensive Loss
Non-controlling Interests
Beginning Balance at Dec. 31, 2020 $ 2,479,081 $ 27 $ 9 $ 2,624,997 $ (259,673) $ (66,255) $ 179,976
Net income 23,960       22,223   1,737
Issuance of shares of common stock 233     233      
Offering costs, discounts and commissions (500)     (500)      
Stock-based compensation, net 1,769     1,769      
Retirement of shares of restricted common stock (832)     (832)      
Conversion of Class A common stock to shares of common stock   9 (9)        
Conversion of OP Units to shares of common stock       606     (606)
Distributions declared (39,653)       (36,690)   (2,963)
Change in fair value of interest rate swap agreements 28,680         26,602 2,078
Realized gain on interest rate swap agreements (41)         (39) (2)
Adjustment to non-controlling interests       (953)   1,008 (55)
Ending Balance at Mar. 31, 2021 2,492,697 36   2,625,320 (274,140) (38,684) 180,165
Beginning Balance at Dec. 31, 2020 2,479,081 27 $ 9 2,624,997 (259,673) (66,255) 179,976
Net income 46,780            
Conversion of OP Units to shares of common stock 18,500     18,465      
Change in fair value of interest rate swap agreements 25,769            
Ending Balance at Jun. 30, 2021 2,723,508 40   2,890,131 (293,622) (41,896) 168,855
Beginning Balance at Mar. 31, 2021 2,492,697 36   2,625,320 (274,140) (38,684) 180,165
Net income 22,820       21,214   1,606
Issuance of shares of common stock 264,799 4   264,795      
Offering costs, discounts and commissions (11,013)     (11,013)      
Stock-based compensation, net 951     951      
Retirement of shares of restricted common stock (309)     (309)      
Conversion of OP Units to shares of common stock       17,859     (17,859)
Distributions declared (43,484)       (40,696)   (2,788)
Change in fair value of interest rate swap agreements (2,911)         (2,708) (203)
Realized gain on interest rate swap agreements (42)         (38) (4)
Adjustment to non-controlling interests       (7,472)   (466) 7,938
Ending Balance at Jun. 30, 2021 2,723,508 40   2,890,131 (293,622) (41,896) 168,855
Beginning Balance at Dec. 31, 2021 2,741,138 41   2,924,168 (318,476) (28,441) 163,846
Net income 28,441       26,758   1,683
Issuance of shares of common stock 136,826 1   136,825      
Offering costs, discounts and commissions (2,218)     (2,218)      
Stock-based compensation, net of one share of restricted stock forfeited 929     929      
Retirement of shares of restricted common stock (1,301)     (1,301)      
Distributions declared (48,115)       (45,270)   (2,845)
Change in fair value of interest rate swap agreements 34,961         32,893 2,068
Realized gain on interest rate swap agreements 659         620 39
Adjustment to non-controlling interests       (1,843)   (45) 1,888
Ending Balance at Mar. 31, 2022 2,891,320 42   3,056,560 (336,988) 5,027 166,679
Beginning Balance at Dec. 31, 2021 2,741,138 41   2,924,168 (318,476) (28,441) 163,846
Net income 63,993            
Conversion of OP Units to shares of common stock       0      
Change in fair value of interest rate swap agreements 53,733            
Ending Balance at Jun. 30, 2022 2,966,642 43   3,125,377 (350,127) 23,397 167,952
Beginning Balance at Mar. 31, 2022 2,891,320 42   3,056,560 (336,988) 5,027 166,679
Net income 35,552       33,516   2,036
Issuance of shares of common stock 69,421 1   69,420      
Offering costs, discounts and commissions (992)     (992)      
Stock-based compensation, net of eight shares of restricted stock forfeited 1,381     1,381      
Conversion of OP Units to shares of common stock       0      
Distributions declared (49,507)       (46,655)   (2,852)
Change in fair value of interest rate swap agreements 18,772         17,697 1,075
Realized gain on interest rate swap agreements 695         655 40
Adjustment to non-controlling interests       (992)   (18) 974
Ending Balance at Jun. 30, 2022 $ 2,966,642 $ 43   $ 3,125,377 $ (350,127) $ 23,397 $ 167,952