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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
5.625% Series C Cumulative Redeemable Preferred Stock
Common Stock
Total Stockholders’ Equity
Total Stockholders’ Equity
5.625% Series C Cumulative Redeemable Preferred Stock
Total Stockholders’ Equity
Common Stock
Preferred Stock
Preferred Stock
5.625% Series C Cumulative Redeemable Preferred Stock
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Common Stock
Cumulative Distributions in Excess of Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning Balance at Dec. 31, 2018 $ 1,908,423     $ 1,876,094     $ 159,094   $ 966   $ 1,798,113   $ (88,341) $ 6,262 $ 32,329
Beginning Balance (in shares) at Dec. 31, 2018                 96,810,504            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of stock 515,385 $ 86,250   515,385 $ 86,250     $ 86,250 $ 139   515,246        
Issuance of stock (in shares)                 13,957,083            
Offering costs (11,276)     (11,276)     (2,963)       (8,313)        
Issuance of cumulative redeemable convertible preferred units 27,359                           27,359
Share-based compensation 8,080     1,740         $ 1   1,739       6,340
Share-based compensation (in shares)                 94,478            
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (831)     (831)             (831)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (in shares)                 (24,132)            
Conversion of OP units to common stock 0     328         $ 0   328       (328)
Conversion of OP units to common stock (in shares)                 46,339            
Net income 39,619     38,331     7,419           30,912   1,288
Other comprehensive income (loss) (16,772)     (16,394)                   (16,394) (378)
Dividends, Preferred Stock (7,271)     (7,271)     (7,271)                
Preferred unit distributions (570)                           (570)
Dividends, Common Stock (60,060)     (60,060)                 (60,060)    
Distributions (1,571)                           (1,571)
Cumulative effect of adoption of ASC 842 (222)     (222)                 (222)    
Ending Balance at Sep. 30, 2019 2,486,543     2,422,074     242,529   $ 1,106   2,306,282   (117,711) (10,132) 64,469
Ending Balance (in shares) at Sep. 30, 2019                 110,884,272            
Beginning Balance at Jun. 30, 2019 2,364,609     2,301,881     159,094   $ 1,095   2,255,849   (107,056) (7,101) 62,728
Beginning Balance (in shares) at Jun. 30, 2019                 109,739,580            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of stock   $ 86,250 $ 50,726   $ 86,250 $ 50,726   $ 86,250   $ 11   $ 50,715      
Issuance of stock (in shares)                 1,147,417            
Offering costs (3,837)     (3,837)     (2,963)       (874)        
Share-based compensation 2,716     597         $ 0   597       2,119
Share-based compensation (in shares)                 (3,736)            
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (15)     (15)             (15)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (in shares)                 (361)            
Conversion of OP units to common stock 0     10             10       (10)
Conversion of OP units to common stock (in shares)                 1,372            
Net income 12,948     12,430     2,572           9,858   518
Other comprehensive income (loss) (3,096)     (3,031)                   (3,031) (65)
Dividends, Preferred Stock (2,424)     (2,424)     (2,424)                
Preferred unit distributions (300)                           (300)
Dividends, Common Stock (20,513)     (20,513)                 (20,513)    
Distributions (521)                           (521)
Ending Balance at Sep. 30, 2019 2,486,543     2,422,074     242,529   $ 1,106   2,306,282   (117,711) (10,132) 64,469
Ending Balance (in shares) at Sep. 30, 2019                 110,884,272            
Beginning Balance at Dec. 31, 2019 $ 2,622,449     2,556,177     242,327   $ 1,136   2,439,007   (118,751) (7,542) 66,272
Beginning Balance (in shares) at Dec. 31, 2019 113,793,300               113,793,300            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of stock $ 377,336     377,336         $ 96   377,240        
Issuance of stock (in shares)                 9,643,270            
Offering costs (2,977)     (2,977)             (2,977)        
Issuance of OP Units (67,482)                           (67,482)
Issuance of cumulative redeemable convertible preferred units 40,787                           40,787
Share-based compensation 10,546     2,375         $ 1   2,374       8,171
Share-based compensation (in shares)                 110,595            
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (1,254)     (1,254)             (1,254)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (in shares)                 (26,961)            
Conversion of OP units to common stock 0     6,740         $ 3   6,737       (6,740)
Conversion of OP units to common stock (in shares)                 268,387            
Net income 62,740     59,408     10,909           48,499   3,332
Other comprehensive income (loss) (13,147)     (12,689)                   (12,689) (458)
Dividends, Preferred Stock (10,909)     (10,909)     (10,909)                
Preferred unit distributions (1,838)                           (1,838)
Dividends, Common Stock (78,240)     (78,240)                 (78,240)    
Distributions (2,755)                           (2,755)
Ending Balance at Sep. 30, 2020 $ 3,070,220     2,895,967     242,327   $ 1,236   2,821,127   (148,492) (20,231) 174,253
Ending Balance (in shares) at Sep. 30, 2020 123,788,591               123,788,591            
Beginning Balance at Jun. 30, 2020 $ 3,065,739     2,893,658     242,327   $ 1,236   2,820,216   (147,907) (22,214) 172,081
Beginning Balance (in shares) at Jun. 30, 2020                 123,789,199            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of stock 0     0         $ 0   0        
Issuance of stock (in shares)                 0            
Offering costs (23)     (23)             (23)        
Issuance of OP Units 0                           0
Share-based compensation 3,154     817         $ 0   817       2,337
Share-based compensation (in shares)                 (5,187)            
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (18)     (18)             (18)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (in shares)                 (388)            
Conversion of OP units to common stock 0     135         $ 0   135       (135)
Conversion of OP units to common stock (in shares)                 4,967            
Net income 31,197     29,666     3,636           26,030   1,531
Other comprehensive income (loss) 2,047     1,983                   1,983 64
Dividends, Preferred Stock (3,636)     (3,636)     (3,636)                
Preferred unit distributions (708)                           (708)
Dividends, Common Stock (26,615)     (26,615)                 (26,615)    
Distributions (917)                           (917)
Ending Balance at Sep. 30, 2020 $ 3,070,220     $ 2,895,967     $ 242,327   $ 1,236   $ 2,821,127   $ (148,492) $ (20,231) $ 174,253
Ending Balance (in shares) at Sep. 30, 2020 123,788,591               123,788,591