XML 21 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Accumulated Earnings
Total Common Shareholders' Equity
Noncontrolling Interests
Redeemable Non Controlling Interests
Balance at Dec. 31, 2020 $ 2,050,204 $ 86 $ 1,683,165 $ (74,891) $ (167,321) $ 1,441,039 $ 609,165  
Balance (in Shares) at Dec. 31, 2020   86,269,000            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
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)   90,000            
Cancellation of OP units (568)           (568) [1]  
Issuance of Common Shares, net 63,876 $ 3 63,873     63,876    
Issuance of Common Shares (in Shares)   2,889,000            
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)   56,000            
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) [2]  
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   89,304,000            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
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)   235,000            
Issuance of Common Shares, net 119,485 $ 6 119,479     119,485    
Issuance of Common Shares (in Shares)   5,525,000            
Dividends/distributions declared (73,406)       (68,312) (68,312) (5,094)  
Acquisition of noncontrolling interest (24,336)   67,475     67,475 (91,811)  
City Point Loan Advances             0 $ (65,391)
City Point Loan accrued interest, net               (3,923)
Employee and trustee stock compensation, net 11,122   1,122     1,122 10,000  
Employee and trustee stock compensation, net (in Shares)   57,000            
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              
Reclassification of redeemable noncontrolling interests (76,569)           (76,569) [3] 76,569
Reallocation of noncontrolling interests     (1,082)     (1,082) 1,082 [2]  
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 95,121,000            
Ending Balance, Redeemable NCI at Dec. 31, 2022 $ 67,664             67,664
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     2,521     2,521 (2,521)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   151,000            
Dividends/distributions declared (73,964)       (68,612) (68,612) (5,352)  
City Point Loan Advances             0 (796)
City Point Loan accrued interest, net               (9,350)
Employee and trustee stock compensation, net 12,753   1,689     1,689 11,064  
Employee and trustee stock compensation, net (in Shares)   90,000            
Noncontrolling interest distributions (80,186)           (80,186) (50)
Noncontrolling interest contributions 59,612           59,612 1,110
Comprehensive income (loss) (24,433)     (14,375) 19,873 5,498 (21,692) (8,239)
Comprehensive income (loss) (16,194)              
Reallocation of noncontrolling interests     3,989     3,989 (3,989) [2]  
Balance at Dec. 31, 2023 $ 2,083,217 $ 95 $ 1,953,521 $ 32,442 $ (349,141) $ 1,636,917 $ 446,300  
Balance (in Shares) at Dec. 31, 2023 95,361,676 95,362,000            
Ending Balance, Redeemable NCI at Dec. 31, 2023 $ 50,339             $ 50,339
[1] The Company exchanged 21,109 OP Units in settlement of a note receivable in the amount of $0.5 million on July 12, 2021.
[2] 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.
[3] Represents the reclassification of redeemable noncontrolling interests related to the City Point Loan in the third quarter of 2022