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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Class A
Class B-3
Total Company’s Stockholders’ Equity
Total Company’s Stockholders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Class A
Common Stock
Class B-3
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income
Noncontrolling Interests in Investment Entities
Noncontrolling Interests in the Operating Partnership
Noncontrolling Interests in the Operating Partnership
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2018             83,410 44,399              
Beginning balance at Dec. 31, 2018 $ 2,845,202       $ 2,706,905   $ 834 $ 444 $ 2,899,353 $ (193,327)   $ (399) $ 72,683 $ 65,614  
Increase (Decrease) in Stockholders' Equity                              
Contributions 24                       24    
Distributions (394)                       (394)    
Conversion of Class B-3 common stock to Class A common stock (in shares)             44,399 (44,399)              
Conversion of Class B-3 common stock to Class A common stock             $ 444 $ (444)              
Issuance and amortization of equity-based compensation (in shares)             800                
Issuance and amortization of equity-based compensation 1,843       1,843   $ 8   1,835            
Other comprehensive income (loss) 13,843       13,519             13,519   324  
Dividends and distributions declared (57,066)       (55,726)         (55,726)       (1,340)  
Shares canceled for tax withholding on vested stock awards (in shares)             (96)                
Shares canceled for tax withholding on vested stock awards (1,497)       (1,497)   $ (1)   (1,496)            
Reallocation of equity         (23)       (23)         23  
Net income (loss) 14,957       14,908         14,908     (298) 347  
Ending balance (in shares) at Mar. 31, 2019             128,513 0              
Ending balance at Mar. 31, 2019 2,816,912       2,679,929   $ 1,285 $ 0 2,899,669 (234,145)   13,120 72,015 64,968  
Increase (Decrease) in Stockholders' Equity                              
Dividends declared per share of common stock (in dollars per share)     $ 0.44 $ 0.15                      
Beginning balance (in shares) at Dec. 31, 2018             83,410 44,399              
Beginning balance at Dec. 31, 2018 2,845,202       2,706,905   $ 834 $ 444 2,899,353 (193,327)   (399) 72,683 65,614  
Increase (Decrease) in Stockholders' Equity                              
Conversion of Class B-3 common stock to Class A common stock 444                            
Other comprehensive income (loss) 30,015                            
Net income (loss) (497,828)                            
Ending balance (in shares) at Sep. 30, 2019             128,539 0              
Ending balance at Sep. 30, 2019 2,209,055       2,126,762   $ 1,285 $ 0 2,905,906 (809,344)   28,915 31,410 50,883  
Beginning balance (in shares) at Mar. 31, 2019             128,513 0              
Beginning balance at Mar. 31, 2019 2,816,912       2,679,929   $ 1,285 $ 0 2,899,669 (234,145)   13,120 72,015 64,968  
Increase (Decrease) in Stockholders' Equity                              
Contributions 11                       11    
Distributions (1,198)                       (1,198)    
Issuance and amortization of equity-based compensation (in shares)             32                
Issuance and amortization of equity-based compensation 2,713       2,713       2,713            
Other comprehensive income (loss) 12,724       12,427             12,427   297  
Dividends and distributions declared (57,254)       (55,912)         (55,912)       (1,342)  
Reallocation of equity         744       744         (744)  
Net income (loss) (110,790)       (107,341)         (107,341)     (880) (2,569)  
Ending balance (in shares) at Jun. 30, 2019             128,545 0              
Ending balance at Jun. 30, 2019 $ 2,663,118       2,532,560   $ 1,285 $ 0 2,903,126 (397,398)   25,547 69,948 60,610  
Increase (Decrease) in Stockholders' Equity                              
Dividends declared per share of common stock (in dollars per share) $ 0.44                            
Contributions $ 17                       17    
Distributions (1,110)                       (1,110)    
Issuance and amortization of equity-based compensation 2,910       2,910       2,910            
Other comprehensive income (loss) 3,448       3,368             3,368   80  
Dividends and distributions declared (57,253)       (55,915)         (55,915)       (1,338)  
Shares canceled for tax withholding on vested stock awards (in shares)             (6)                
Shares canceled for tax withholding on vested stock awards (80)       (80)       (80)            
Reallocation of equity         (50)       (50)         50  
Net income (loss) (401,995)       (356,031)         (356,031)     (37,445) (8,519)  
Ending balance (in shares) at Sep. 30, 2019             128,539 0              
Ending balance at Sep. 30, 2019 $ 2,209,055       2,126,762   $ 1,285 $ 0 2,905,906 (809,344)   28,915 31,410 50,883  
Increase (Decrease) in Stockholders' Equity                              
Dividends declared per share of common stock (in dollars per share) $ 0.44                            
Beginning balance (in shares) at Dec. 31, 2019             128,539 0              
Beginning balance at Dec. 31, 2019 $ 2,201,350 $ (23,186)     2,119,022 $ (22,644) $ 1,285 $ 0 2,909,181 (819,738) $ (22,644) 28,294 31,631 50,697 $ (542)
Increase (Decrease) in Stockholders' Equity                              
Distributions (11,013)                       (11,013)    
Issuance and amortization of equity-based compensation 342       342       342            
Other comprehensive income (loss) (72,701)       (70,999)             (70,999)   (1,702)  
Dividends and distributions declared (39,463)       (38,541)         (38,541)       (922)  
Shares canceled for tax withholding on vested stock awards (in shares)             (173)                
Shares canceled for tax withholding on vested stock awards (1,687)       (1,687)   $ (1)   (1,686)            
Reallocation of equity         (41)       (41)         41  
Net income (loss) (80,141)       (78,772)         (78,772)     523 (1,892)  
Ending balance (in shares) at Mar. 31, 2020             128,366 0              
Ending balance at Mar. 31, 2020 $ 1,973,501       1,906,680   $ 1,284 $ 0 2,907,796 (959,695)   (42,705) 21,141 45,680  
Increase (Decrease) in Stockholders' Equity                              
Dividends declared per share of common stock (in dollars per share) $ 0.30                            
Beginning balance (in shares) at Dec. 31, 2019             128,539 0              
Beginning balance at Dec. 31, 2019 $ 2,201,350 $ (23,186)     2,119,022 $ (22,644) $ 1,285 $ 0 2,909,181 (819,738) $ (22,644) 28,294 31,631 50,697 $ (542)
Increase (Decrease) in Stockholders' Equity                              
Conversion of Class B-3 common stock to Class A common stock 0                            
Other comprehensive income (loss) 13,851                            
Net income (loss) (314,295)                            
Ending balance (in shares) at Sep. 30, 2020             128,583 0              
Ending balance at Sep. 30, 2020 2,016,892       1,703,385   $ 1,286 $ 0 2,842,892 (1,181,747)   40,954 272,803 40,704  
Beginning balance (in shares) at Mar. 31, 2020             128,366 0              
Beginning balance at Mar. 31, 2020 1,973,501       1,906,680   $ 1,284 $ 0 2,907,796 (959,695)   (42,705) 21,141 45,680  
Increase (Decrease) in Stockholders' Equity                              
Contributions 200,467                       200,467    
Distributions (3,156)                       (3,156)    
Issuance and amortization of equity-based compensation (in shares)             237                
Issuance and amortization of equity-based compensation 1,549       1,549   $ 2   1,547            
Other comprehensive income (loss) 69,607       67,946             67,946 257 1,404  
Shares canceled for tax withholding on vested stock awards (in shares)             (20)                
Shares canceled for tax withholding on vested stock awards (81)       (81)       (81)            
Reallocation of equity         1,777       1,777         (1,777)  
Costs of noncontrolling equity (466)       (466)       (466)            
Investment by JV partner in consolidated JV and equity reallocation related to that partner’s return (see Note 2)         (70,439)       (70,439)       70,439    
Net income (loss) (240,584)       (227,059)         (227,059)     (8,107) (5,418)  
Ending balance (in shares) at Jun. 30, 2020             128,583 0              
Ending balance at Jun. 30, 2020 2,000,837       1,679,907   $ 1,286 $ 0 2,840,134 (1,186,754)   25,241 281,041 39,889  
Increase (Decrease) in Stockholders' Equity                              
Contributions 27                       27    
Distributions (8,724)                       (8,724)    
Issuance and amortization of equity-based compensation 1,376       1,376       1,376            
Other comprehensive income (loss) 16,947       15,713             15,713 916 318  
Shares canceled for tax withholding on vested stock awards (1)       (1)       (1)            
Reallocation of equity         (296)       (296)         296  
Investment by JV partner in consolidated JV and equity reallocation related to that partner’s return (see Note 2)         1,679       1,679       (1,679)    
Net income (loss) 6,430       5,007         5,007     1,222 201  
Ending balance (in shares) at Sep. 30, 2020             128,583 0              
Ending balance at Sep. 30, 2020 $ 2,016,892       $ 1,703,385   $ 1,286 $ 0 $ 2,842,892 $ (1,181,747)   $ 40,954 $ 272,803 $ 40,704