Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Reconciliation of Changes in Parent Company's Total Shareholders' Equity

The following is a reconciliation of the changes in the Parent Company’s total shareholders’ equity for the nine months ended September 30, 2022:

(dollars in thousands)	Common Stock		Additional Paid-in Capital			Dividends in Excess of Net Income			Accumulated Other Comprehensive Income (Loss)			Total Shareholders’ Equity
Balance December 31, 2021	$	836	$	3,697,000		$	(314,713	)	$	(4,124	)	$	3,378,999
Net proceeds from issuance of common stock		7		92,764			—			—			92,771
Exercise of stock options		—		173			—			—			173
Earned portion of non-vested stock		—		1,661			—			—			1,661
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—			10,924			—			10,924
Net income attributable to common    shareholders		—		—			73,575			—			73,575
Amortization of terminated hedge included in    AOCL		—		—			—			229			229
Dividends		—		—			(83,637	)		—			(83,637	)
Balance March 31, 2022	$	843	$	3,791,598		$	(313,851	)	$	(3,895	)	$	3,474,695
Net proceeds from issuance of common stock		1		7,864			—			—			7,865
Earned portion of non-vested stock		—		1,743			—			—			1,743
Carrying value less than redemption value on    redeemed noncontrolling interest		—		(2	)		—			—			(2	)
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—			27,930			—			27,930
Net income attributable to common   shareholders		—		—			92,264			—			92,264
Amortization of terminated hedge included in    AOCL		—		—			—			229			229
Dividends		—		—			(84,363	)		—			(84,363	)
Balance June 30, 2022	$	844	$	3,801,203		$	(278,020	)	$	(3,666	)	$	3,520,361
Net proceeds from issuance of common stock		6		80,213			—			—			80,219
Earned portion of non-vested stock		—		1,822			—			—			1,822
Carrying value less than redemption value on    redeemed noncontrolling interest		—		(191	)		—			—			(191	)
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—			(1,958	)		—			(1,958	)
Net income attributable to common   shareholders		—		—			98,505			—			98,505
Amortization of terminated hedge included in    AOCL		—		—			—			229			229
Dividends		—		—			(91,135	)		—			(91,135	)
Balance September 30, 2022	$	850	$	3,883,047		$	(272,608	)	$	(3,437	)	$	3,607,852

The following is a reconciliation of the changes in the Parent Company’s total shareholders’ equity for the nine months ended September 30, 2021:

(dollars in thousands)	Common Stock		Additional Paid-in Capital			Dividends in Excess of Net Income			Accumulated Other Comprehensive Income (Loss)			Total Shareholders’ Equity
Balance December 31, 2020	$	495	$	2,671,311		$	(288,667	)	$	(5,041	)	$	2,378,098
Net proceeds from issuance of common stock		18		180,511			—			—			180,529
Earned portion of non-vested stock		—		1,453			—			—			1,453
Stock dividend		252		(252	)		—			—			—
Carrying value less than redemption value on     redeemed noncontrolling interest		—		(4	)		—			—			(4	)
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—			(2,358	)		—			(2,358	)
Net income attributable to common shareholders		—		—			47,383			—			47,383
Amortization of terminated hedge included in    AOCL		—		—			—			229			229
Dividends		—		—			(55,840	)		—			(55,840	)
Balance March 31, 2021	$	765	$	2,853,019		$	(299,482	)	$	(4,812	)	$	2,549,490
Net proceeds from issuance of common stock		16		148,309			—			—			148,325
Earned portion of non-vested stock		—		1,467			—			—			1,467
Carrying value less than redemption value on     redeemed noncontrolling interest		—		(13	)		—			—			(13	)
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—			(7,142	)		—			(7,142	)
Net income attributable to common shareholders		—		—			57,516			—			57,516
Amortization of terminated hedge included in    AOCL		—		—			—			229			229
Dividends		—		—			(56,873	)		—			(56,873	)
Balance June 30, 2021	$	781	$	3,002,782		$	(305,981	)	$	(4,583	)	$	2,692,999
Net proceeds from issuance of common stock		39		478,292			—			—			478,331
Earned portion of non-vested stock		—		1,683			—			—			1,683
Carrying value less than redemption value on    redeemed noncontrolling interest		—		(15	)		—			—			(15	)
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—			(3,570	)		—			(3,570	)
Net income attributable to common shareholders		—		—			70,274			—			70,274
Amortization of terminated hedge included in    AOCL		—		—			—			229			229
Dividends		—		—			(57,953	)		—			(57,953	)
Balance September 30, 2021	$	820	$	3,482,742		$	(297,230	)	$	(4,354	)	$	3,181,978