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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive income (loss)
Distributions in excess of accumulated earnings
Non-controlling Interests
7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
Total Stockholders’ Equity
7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
Preferred Stock
7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
Additional Paid-in Capital
7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
Distributions in excess of accumulated earnings
7.375% Series C Cumulative Redeemable Perpetual Preferred Stock
7.375% Series C Cumulative Redeemable Perpetual Preferred Stock
Total Stockholders’ Equity
7.375% Series C Cumulative Redeemable Perpetual Preferred Stock
Preferred Stock
7.375% Series C Cumulative Redeemable Perpetual Preferred Stock
Additional Paid-in Capital
7.375% Series C Cumulative Redeemable Perpetual Preferred Stock
Distributions in excess of accumulated earnings
Increase (Decrease) in Temporary Equity [Roll Forward]                                  
Adjustments to redemption value $ 0                                
Beginning Balance (in shares) at Dec. 31, 2020     108,837,209             7,842,008         3,535,700    
Beginning Balance at Dec. 31, 2020 1,699,599 $ 1,669,077 $ 1,088 $ 2,723,678 $ (123) $ (1,055,680) $ 30,522     $ 79         $ 35    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of Stock, net (in shares)     8,634,223             91,703         1,058,798    
Issuance of Stock, net 76,999 76,999 $ 86 76,913       $ 2,156 $ 2,156   $ 2,156   $ 25,607 $ 25,607 $ 11 $ 25,596  
Equity-based compensation (in shares) [1]     293,599                            
Equity-based compensation [1] 7,540 1,612 $ 3 1,763   (154) 5,928                    
Common stock shares withheld upon vesting of restricted shares (in shares)     (58,445)                            
Common stock shares withheld upon vesting of restricted shares (559) (559)   (559)                          
Dividends declared on Common Stock (46,097) (46,097)       (46,097)                      
Dividends declared on Preferred Stock               (7,453) (7,453)     $ (7,453) (4,380) (4,380)     $ (4,380)
Distributions to non-controlling interest holders (263) (190)       (190) (73)                    
Net loss (5,236) (5,228)       (5,228) (8)                    
Other comprehensive loss 2,053 2,053     2,053                        
Rebalancing of ownership percentage 0 (57)   (57)     57                    
Ending Balance (in shares) at Jun. 30, 2021     117,706,586             7,933,711         4,594,498    
Ending Balance at Jun. 30, 2021 1,749,966 1,713,540 $ 1,177 2,829,490 1,930 (1,119,182) 36,426     $ 79         $ 46    
Beginning Balance (in shares) at Mar. 31, 2021     108,872,337             7,933,711         4,099,801    
Beginning Balance at Mar. 31, 2021 1,689,099 1,655,659 $ 1,089 2,740,648 2,361 (1,088,559) 33,440     $ 79         $ 41    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of Stock, net (in shares)     8,634,223                       494,697    
Issuance of Stock, net 77,088 77,088 $ 86 77,002       (46) (46)   (46)   12,130 12,130 $ 5 12,125  
Equity-based compensation (in shares)     258,471                            
Equity-based compensation 3,278 314 $ 2 380   (68) 2,964                    
Common stock shares withheld upon vesting of restricted shares (23,054) (23,054)       (23,054)                      
Dividends declared on Common Stock (in shares)     (58,445)                            
Dividends declared on Common Stock (559) (559)   (559)                          
Dividends declared on Preferred Stock               (3,719) (3,719)     (3,719) (2,206) (2,206)     (2,206)
Distributions to non-controlling interest holders (132) (96)       (96) (36)                    
Net loss (1,482) (1,480)       (1,480) (2)                    
Other comprehensive loss (431) (431)     (431)                        
Rebalancing of ownership percentage 0 (60)   (60)     60                    
Ending Balance (in shares) at Jun. 30, 2021     117,706,586             7,933,711         4,594,498    
Ending Balance at Jun. 30, 2021 1,749,966 1,713,540 $ 1,177 2,829,490 $ 1,930 (1,119,182) 36,426     $ 79         $ 46    
Beginning balance at Dec. 31, 2021 0                                
Increase (Decrease) in Temporary Equity [Roll Forward]                                  
Issuance of Shares subject to repurchase, at fair market value upon closing 49,965                                
Adjustments to redemption value 3,423                                
Ending balance at Jun. 30, 2022 53,388                                
Beginning Balance (in shares) at Dec. 31, 2021     123,783,060 [2]             7,933,711         4,594,498    
Beginning Balance at Dec. 31, 2021 1,710,278 1,699,854 $ 1,238 2,915,926   (1,217,435) 10,424     $ 79         $ 46    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of Stock, net (in shares)     2,765,329 [2]                       677    
Issuance of Stock, net 24,627 24,627 $ 27 24,600       (122) (122)   (122)   (118) (118)   (118)  
Issuance of Redeemable securities (in shares) [2]     6,450,107                            
Issuance of Shares subject to repurchase, at fair market value upon closing 0 0                              
Adjustments to redemption value (3,423) (3,423)   (3,423)                          
Equity-based compensation (in shares) [2],[3]     273,809                            
Equity-based compensation [3] 7,021 669 $ 3 666     6,352                    
Dividends declared on Common Stock (55,276) (55,276)       (55,276)                      
Dividends declared on Preferred Stock               (7,438) (7,438)     (7,438) (4,236) (4,236)     (4,236)
Distributions to non-controlling interest holders (437) (364)       (364) (73)                    
Net loss (4,645) (4,651)       (4,651) 6                    
Rebalancing of ownership percentage 0 (134)   (134)     134                    
Ending Balance (in shares) at Jun. 30, 2022     133,272,305 [2]             7,933,711         4,595,175    
Ending Balance at Jun. 30, 2022 1,666,231 1,649,388 $ 1,268 2,937,395   (1,289,400) 16,843     $ 79         $ 46    
Beginning balance at Mar. 31, 2022 53,388                                
Ending balance at Jun. 30, 2022 53,388                                
Beginning Balance (in shares) at Mar. 31, 2022     132,994,603             7,933,711         4,594,498    
Beginning Balance at Mar. 31, 2022 1,747,905 1,734,315 $ 1,265 2,937,262   (1,204,337) 13,590     $ 79         $ 46    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of Stock, net (in shares)     3,618                       677    
Issuance of Stock, net 133 133 $ 0 133       (103) (103)   $ (103)   (82) (82)   $ (82)  
Equity-based compensation (in shares)     274,084                            
Equity-based compensation 3,535 359 $ 3 356     3,176                    
Dividends declared on Common Stock (28,599) (28,599)       (28,599)                      
Dividends declared on Preferred Stock               $ (3,719) $ (3,719)     $ (3,719) $ (2,118) $ (2,118)     $ (2,118)
Distributions to non-controlling interest holders (241) (205)       (205) (36)                    
Net loss (50,480) (50,422)       (50,422) (58)                    
Rebalancing of ownership percentage   (171)   (171)     171                    
Ending Balance (in shares) at Jun. 30, 2022     133,272,305 [2]             7,933,711         4,595,175    
Ending Balance at Jun. 30, 2022 $ 1,666,231 $ 1,649,388 $ 1,268 $ 2,937,395   $ (1,289,400) $ 16,843     $ 79         $ 46    
[1] Presented net of forfeitures. During the six months ended June 30, 2021, 19,875 restricted shares with a fair value of approximately $136,000 were forfeited.
[2] Includes shares of Class A common stock subject to repurchase.
[3] Presented net of forfeitures. During the six months ended June 30, 2022, 275 restricted shares with a fair value of approximately $3,000 were forfeited.