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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred stock
Common stock
Additional paid-in capital
Distributions in excess of earnings
Distributions in excess of earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated other comprehensive loss
Total stockholders' equity
Total stockholders' equity
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling interests in investment entities
Noncontrolling interests in Operating Partnership
Noncontrolling interests in Operating Partnership
Cumulative Effect, Period of Adoption, Adjustment
Redeemable convertible preferred stock
Redeemable convertible preferred stock
Preferred stock
Redeemable convertible preferred stock
Additional paid-in capital
Redeemable convertible preferred stock
Total stockholders' equity
Beginning balance at Dec. 31, 2017 $ 420,283   $ 0 $ 449 $ 287,407 $ (61,166)   $ 0 $ 226,690   $ 0 $ 193,593          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 23,492         17,203     17,203     6,289          
Net proceeds from issuance of stock 65,244     46 65,198       65,244                
Restricted stock awards, net of tax withholding 1,564     2 1,562       1,564                
Unrealized cash flow hedge losses (1,894)             (1,410) (1,410)     (484)          
Realized cash flow hedge losses reclassified to net income 169             127 127     42          
Restricted stock award forfeitures (32)       (32)       (32)                
Issuance of operating partnership units for acquisitions (2,196)       5       5     (2,201)          
Redemption of operating partnership units (2,595)     3 3,223       3,226     (5,821)          
Dividends and distributions declared 52,537         38,736     38,736     13,801          
Ending balance at Dec. 31, 2018 455,890 $ (167) [1] 0 500 357,353 (82,699) $ (125) [1] (1,283) 273,871 $ (125) [1] 0 182,019 $ (42) [1]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 32,258         24,053     24,053   213 7,992          
Net proceeds from issuance of stock 96,845     59 96,786       96,845         $ 61,001 $ 63,250 $ (2,249) $ 61,001
Restricted stock awards, net of tax withholding 2,031     2 2,029       2,031                
Unrealized cash flow hedge losses (4,504)             (3,321) (3,321)     (1,183)          
Realized cash flow hedge losses reclassified to net income 501             364 364     137          
Restricted stock award forfeitures (7)       (7)       (7)                
Issuance of operating partnership units for acquisitions (72,183)       986       986     (73,169)          
Noncontrolling interest in acquired real estate entity 4,870                   4,870            
Redemption of operating partnership units 0     2 2,754       2,756     (2,756)          
Distributions to Joint Venture Partners (621)                   (621)            
Dividends declared on preferred stock (2,455)         (2,455)     (2,455)                
Dividends and distributions declared on common shares and units (62,378)         (45,450)     (45,450)     (16,928)          
Ending balance at Dec. 31, 2019 655,447 $ (3,009) [2] 63,250 563 455,680 (106,676) $ (2,185) [2] (4,240) 408,577 $ (2,185) [2] 4,462 242,408 $ (824) [2]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 36,959         29,152     29,152   (230) 8,037          
Net proceeds from issuance of stock 19,650     19 19,631       19,650         $ 101,460 $ 107,835 $ (6,375) $ 101,460
Restricted stock awards, net of tax withholding 2,353     2 2,351       2,353                
Unrealized cash flow hedge losses (9,751)             (7,082) (7,082)     (2,669)          
Realized cash flow hedge losses reclassified to net income 3,345             2,454 2,454     891          
Restricted stock award forfeitures (11)       (11)       (11)                
Acquisitions of noncontrolling interests (5,033)       (7,388)       (7,388)   (3,744) 6,099          
Redemption of operating partnership units (2,729)     7 8,859       8,866     (11,595)          
Dividends declared on preferred stock (7,349)         (7,349)     (7,349)                
Dividends and distributions declared on common shares and units (34,530)         (25,298)     (25,298)     (9,232)          
Ending balance at Dec. 31, 2020 $ 756,802   $ 171,085 $ 591 $ 472,747 $ (112,356)   $ (8,868) $ 523,199   $ 488 $ 233,115          
[1] The Company recorded cumulative effect adjustments related to the new lease standard in the first quarter of 2019. See "Financial Statements — Note 2 — Significant Accounting Policies — Recent Accounting Pronouncements" for additional information.
[2] The Company recorded cumulative effect adjustments related to the new Current Expected Credit Losses ("CECL") standard in the first quarter of 2020. See "Financial Statements — Note 2 — Significant Accounting Policies — Recent Accounting Pronouncements" for additional information.