XML 37 R25.htm IDEA: XBRL DOCUMENT v3.22.2.2
Organization (Tables)
9 Months Ended
Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Reconciliation of Noncontrolling Interests

The following is a reconciliation of the Parent Company’s common noncontrolling redeemable Operating Partnership Units and the Operating Partnership’s limited partners’ redeemable common capital interest for the period:

 

(dollars in thousands)

 

Nine Months
Ended
September 30, 2022

 

Beginning balance

 

$

142,892

 

Net income attributable to noncontrolling common
   interests in the Operating Partnership

 

 

3,184

 

Issuance of units

 

 

11,996

 

Redemption of units

 

 

(1,942

)

Distributions

 

 

(3,044

)

Adjustment to redemption value

 

 

(36,896

)

Ending balance

 

$

116,190

 

Summary of Preferred NonControlling redeemable preferred capital operating partenership

The following is a reconciliation of the Parent Company’s preferred noncontrolling redeemable Operating Partnership Units and the Operating Partnership’s limited partners’ redeemable preferred capital interest for the period:

 

(dollars in thousands)

 

Nine Months
Ended
September 30, 2022

 

Beginning balance

 

$

90,783

 

Net income attributable to noncontrolling preferred
   interests in the Operating Partnership

 

 

3,002

 

Redemption of units

 

 

(1,687

)

Distributions

 

 

(3,021

)

Ending balance

 

$

89,077

 

Summary of Disaggregated Revenues The disaggregated revenues of the Company presented in accordance with ASC Topic 606 “Revenue from Contracts with Customers” are as follows:

 

(dollars in thousands)

 

Three Months
Ended
September 30,
2022

 

 

Three Months
Ended
September 30,
2021

 

 

Nine Months
Ended
September 30,
2022

 

 

Nine Months
Ended
September 30,
2021

 

Rental income

 

$

241,261

 

 

$

182,937

 

 

$

674,008

 

 

$

496,316

 

Revenues related to tenant reinsurance

 

 

19,042

 

 

 

15,485

 

 

 

54,567

 

 

 

41,810

 

Management and acquisition fee
   income

 

 

7,694

 

 

 

5,360

 

 

 

19,889

 

 

 

16,091

 

Other

 

 

4,957

 

 

 

4,474

 

 

 

15,025

 

 

 

13,189

 

Total operating revenues

 

$

272,954

 

 

$

208,256

 

 

$

763,489

 

 

$

567,406