XML 26 R6.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect of Change in Accounting Principle
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Accumulated Earnings
Distributions in Excess of Accumulated Earnings
Cumulative Effect of Change in Accounting Principle
Total Common Shareholders' Equity
Total Common Shareholders' Equity
Cumulative Effect of Change in Accounting Principle
Noncontrolling Interests
Noncontrolling Interests
Cumulative Effect of Change in Accounting Principle
Redeemable Non Controlling Interests
Balance at Dec. 31, 2019 $ 2,188,390   $ 87 $ 1,706,357 $ (31,474) $ (133,019)   $ 1,541,951   $ 646,439    
Balance (in Shares) at Dec. 31, 2019     87,050                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership       6,544       6,544   (6,544)    
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)     408                  
Acquisition of noncontrolling interest 588     (15,330)       (15,330)   15,918    
Repurchase of Common Shares (22,386)   $ (1) (22,385)       (22,386)        
Repurchase of Common Shares (in shares)     (1,219)                  
Dividends/distributions declared (27,155)         (24,937)   (24,937)   (2,218)    
Employee and trustee stock compensation, net 10,912     782       782   10,130    
Employee and trustee stock compensation, net (in Shares)     30                  
Noncontrolling interest distributions (27,574)                 (27,574)    
Noncontrolling interest contributions 52,174                 52,174    
Comprehensive income (loss) (124,345)       (43,417) (8,976)   (52,393)   (71,952)    
Comprehensive income (loss) (124,345)                      
Reallocation of noncontrolling interests       7,197       7,197   (7,197) [1]    
Balance at Dec. 31, 2020 2,050,204 $ (400) $ 86 1,683,165 (74,891) (167,321) $ (389) 1,441,039 $ (389) 609,165 $ (11)  
Balance (in Shares) at Dec. 31, 2020     86,269                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of Common Shares $ 63,876   $ 3 63,873       63,876        
Issuance of Common Shares (in Shares)     2,889                  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership       1,431       1,431   (1,431)    
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)     90                  
Repurchase of Common Shares (in shares) 0                      
Cancellation of OP units $ (568)                 (568) [2]    
Dividends/distributions declared (57,057)         (52,872)   (52,872)   (4,185)    
Employee and trustee stock compensation, net 12,430     1,146       1,146   11,284    
Employee and trustee stock compensation, net (in Shares)     56                  
Noncontrolling interest distributions (27,051)                 (27,051)    
Noncontrolling interest contributions 30,164                 30,164    
Comprehensive income (loss) 77,937       38,677 23,548   62,225   15,712    
Comprehensive income (loss) 77,937                      
Reallocation of noncontrolling interests       4,768       4,768   (4,768) [3]    
Ending at Dec. 31, 2021 0                      
Balance at Dec. 31, 2021 $ 2,149,935   $ 89 1,754,383 (36,214) (196,645)   1,521,613   628,322    
Balance (in Shares) at Dec. 31, 2021 89,303,545   89,304                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of Common Shares $ 119,485   $ 6 119,479       119,485        
Issuance of Common Shares (in Shares)     5,525                  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership       3,945       3,945   (3,945)    
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)     235                  
Acquisition of noncontrolling interest $ (24,336)     67,475       67,475   (91,811)    
Repurchase of Common Shares (in shares) 0                      
Dividends/distributions declared $ (73,406)         (68,312)   (68,312)   (5,094)    
City Point Loan                   0   $ (65,391)
City Point Loan accrued interest                       (3,923)
Employee and trustee stock compensation, net 11,122     1,122       1,122   10,000    
Employee and trustee stock compensation, net (in Shares)     57                  
Noncontrolling interest distributions (79,838)                 (79,838)    
Noncontrolling interest contributions 109,428                 109,428   65,945
Comprehensive income (loss) 39,839       83,031 (35,445)   47,586   (2,211)   (5,536)
Comprehensive income (loss) 45,375                      
Reclassifications of Temporary to Permanent Equity (76,569)                 (76,569) [4]   76,569
Reallocation of noncontrolling interests       (1,082)       (1,082)   1,082 [3]    
Ending at Dec. 31, 2022 67,664                     $ 67,664
Balance at Dec. 31, 2022 $ 2,181,196   $ 95 $ 1,945,322 $ 46,817 $ (300,402)   $ 1,691,832   $ 489,364    
Balance (in Shares) at Dec. 31, 2022 95,120,773   95,121                  
[1] Redeemable noncontrolling interests comprise third-party interest in Fund II as limited partners in this Fund have been granted put rights.
[2] The Company exchanged 21,109 OP Units in settlement of a note receivable in the amount of $0.5 million on July 12, 2021 (Note 3).
[3] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.
[4] Represents the reclassification of redeemable noncontrolling interests related to the City Point Loan in the third quarter of 2022.