XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total Shareholders' Equity
Preferred Shares
Common Shares
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Retained Earnings
Non-Controlling Interests
Preferred stock, beginning balance (in shares) at Dec. 31, 2021     29,600,000          
Common shares, beginning balance (in shares) at Dec. 31, 2021       130,813,750        
Beginning balance at Dec. 31, 2021 $ 3,163,905 $ 3,156,181 $ 296 $ 1,308 $ 4,268,042 $ (19,442) $ (1,094,023) $ 7,724
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of shares, net of offering costs (in shares)     0          
Issuance of shares, net of offering costs (75) (75) $ 0   (75)      
Issuance of operating partnership units 78,000             78,000
Issuance of common shares for Board of Trustees compensation (in shares)       33,866        
Issuance of common shares for Board of Trustees compensation 738 738   $ 1 737      
Repurchase of common shares (in shares)       (49,787)        
Repurchase of common shares (1,113) (1,113)   $ (1) (1,112)      
Share-based compensation (in shares)       107,303        
Share-based compensation 4,974 3,578   $ 1 3,577     1,396
Distributions on common shares/units (2,475) (2,442)         (2,442) (33)
Distributions on preferred shares/units (23,334) (22,687)         (22,687) (647)
Other comprehensive income (loss):                
Change in fair value of derivative instruments 36,697 36,412       36,412   285
Amounts reclassified from other comprehensive income 6,778 6,778       6,778    
Net income (loss) (71,419) (71,541)         (71,541) 122
Preferred stock, ending balance (in shares) at Jun. 30, 2022     29,600,000          
Common shares, ending balance (in shares) at Jun. 30, 2022       130,905,132        
Ending balance at Jun. 30, 2022 3,192,676 3,105,829 $ 296 $ 1,309 4,271,169 23,748 (1,190,693) 86,847
Preferred stock, beginning balance (in shares) at Mar. 31, 2022     29,600,000          
Common shares, beginning balance (in shares) at Mar. 31, 2022       130,904,299        
Beginning balance at Mar. 31, 2022 3,084,934 3,077,000 $ 296 $ 1,309 4,269,322 12,092 (1,206,019) 7,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of shares, net of offering costs (75) (75)     (75)      
Issuance of operating partnership units 78,000             78,000
Share-based compensation (in shares)       833        
Share-based compensation 2,620 1,922   $ 0 1,922     698
Distributions on common shares/units (1,344) (1,320)         (1,320) (24)
Distributions on preferred shares/units (11,990) (11,343)         (11,343) (647)
Other comprehensive income (loss):                
Change in fair value of derivative instruments 9,330 9,252       9,252   78
Amounts reclassified from other comprehensive income 2,404 2,404       2,404    
Net income (loss) 28,797 27,989         27,989 808
Preferred stock, ending balance (in shares) at Jun. 30, 2022     29,600,000          
Common shares, ending balance (in shares) at Jun. 30, 2022       130,905,132        
Ending balance at Jun. 30, 2022 $ 3,192,676 3,105,829 $ 296 $ 1,309 4,271,169 23,748 (1,190,693) 86,847
Preferred stock, beginning balance (in shares) at Dec. 31, 2022 28,600,000   28,600,000          
Common shares, beginning balance (in shares) at Dec. 31, 2022 126,345,293     126,345,293        
Beginning balance at Dec. 31, 2022 $ 3,084,543 2,996,515 $ 286 $ 1,263 4,182,359 35,724 (1,223,117) 88,028
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common shares for Board of Trustees compensation (in shares)       55,480        
Issuance of common shares for Board of Trustees compensation 754 754   $ 1 753      
Repurchase of common shares (in shares)       (6,578,436)        
Repurchase of common shares (92,753) (92,753)   $ (65) (92,688)      
Share-based compensation (in shares)       235,407        
Share-based compensation 5,911 4,258   $ 2 4,256     1,653
Distributions on common shares/units (2,489) (2,453)         (2,453) (36)
Distributions on preferred shares/units (24,303) (21,975)         (21,975) (2,328)
Other comprehensive income (loss):                
Change in fair value of derivative instruments 21,074 20,995       20,995   79
Amounts reclassified from other comprehensive income (12,763) (12,763)       (12,763)    
Net income (loss) $ 24,138 21,797         21,797 2,341
Preferred stock, ending balance (in shares) at Jun. 30, 2023 28,600,000   28,600,000          
Common shares, ending balance (in shares) at Jun. 30, 2023 120,057,744     120,057,744        
Ending balance at Jun. 30, 2023 $ 3,004,112 2,914,375 $ 286 $ 1,201 4,094,680 43,956 (1,225,748) 89,737
Preferred stock, beginning balance (in shares) at Mar. 31, 2023     28,600,000          
Common shares, beginning balance (in shares) at Mar. 31, 2023       123,632,667        
Beginning balance at Mar. 31, 2023 3,004,111 2,915,629 $ 286 $ 1,236 4,142,491 29,891 (1,258,275) 88,482
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Repurchase of common shares (in shares)       (3,574,923)        
Repurchase of common shares (50,008) (50,008)   $ (35) (49,973)      
Share-based compensation (in shares)       0        
Share-based compensation 3,032 2,162   $ 0 2,162     870
Distributions on common shares/units (1,237) (1,211)         (1,211) (26)
Distributions on preferred shares/units (12,151) (10,987)         (10,987) (1,164)
Other comprehensive income (loss):                
Change in fair value of derivative instruments 21,120 21,003       21,003   117
Amounts reclassified from other comprehensive income (6,938) (6,938)       (6,938)    
Net income (loss) $ 46,183 44,725         44,725 1,458
Preferred stock, ending balance (in shares) at Jun. 30, 2023 28,600,000   28,600,000          
Common shares, ending balance (in shares) at Jun. 30, 2023 120,057,744     120,057,744        
Ending balance at Jun. 30, 2023 $ 3,004,112 $ 2,914,375 $ 286 $ 1,201 $ 4,094,680 $ 43,956 $ (1,225,748) $ 89,737