Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
Total
OP units and subordinated performance units
OP units
Preferred Shares
Common Shares
Additional Paid-in Capital
Distributions In Excess Of Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Noncontrolling Interests
OP units and subordinated performance units
Noncontrolling Interests
OP units
Beginning balances, preferred stock (in shares) at Dec. 31, 2020       8,732,719              
Beginning balances at Dec. 31, 2020 $ 1,430,475,000     $ 218,318,000 $ 713,000 $ 1,050,714,000 $ (251,704,000) $ (49,084,000) $ 461,518,000    
Beginning balances, common stock (in shares) at Dec. 31, 2020         71,293,117            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
OP units and subordinated performance units, net of offering costs   $ 22,897,000               $ 22,897,000  
Redemptions of OP units (in shares)         190,248            
Redemptions of OP units 0       $ 2,000 2,332,000   (108,000) (2,226,000)    
Issuance of common shares, net of offering costs (in shares)         3,692,216            
Issuance of common shares, net of offering costs 122,412,000       $ 37,000 122,375,000          
Contributions from noncontrolling interests 103,000               103,000    
Effect of changes in ownership for consolidated entities 0         (18,983,000)   (290,000) 19,273,000    
Equity-based compensation expense 1,286,000         92,000     1,194,000    
Issuance of restricted common shares (in shares)         15,369            
Issuance of restricted common shares 0                    
Vesting and forfeitures of restricted common shares, net (in shares)         (4,823)            
Vesting and forfeitures of restricted common shares, net (152,000)         (152,000)          
Preferred share dividends (3,275,000)           (3,275,000)        
Common share dividends (25,014,000)           (25,014,000)        
Distributions to noncontrolling interests (20,604,000)               (20,604,000)    
Other comprehensive income (loss) 25,857,000             17,840,000 8,017,000    
Net income 27,635,000           20,838,000   6,797,000    
Ending balances, preferred stock (in shares) at Mar. 31, 2021       8,732,719              
Ending balances at Mar. 31, 2021 1,581,620,000     $ 218,318,000 $ 752,000 1,156,378,000 (259,155,000) (31,642,000) 496,969,000    
Ending balances, common stock (in shares) at Mar. 31, 2021         75,186,127            
Beginning balances, preferred stock (in shares) at Dec. 31, 2020       8,732,719              
Beginning balances at Dec. 31, 2020 1,430,475,000     $ 218,318,000 $ 713,000 1,050,714,000 (251,704,000) (49,084,000) 461,518,000    
Beginning balances, common stock (in shares) at Dec. 31, 2020         71,293,117            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Other comprehensive income (loss) 24,256,000                    
Net income 63,310,000                    
Ending balances, preferred stock (in shares) at Jun. 30, 2021       8,736,719              
Ending balances at Jun. 30, 2021 1,687,526,000     $ 218,418,000 $ 777,000 1,244,269,000 (263,117,000) (33,046,000) 520,225,000    
Ending balances, common stock (in shares) at Jun. 30, 2021         77,708,831            
Beginning balances, preferred stock (in shares) at Mar. 31, 2021       8,732,719              
Beginning balances at Mar. 31, 2021 1,581,620,000     $ 218,318,000 $ 752,000 1,156,378,000 (259,155,000) (31,642,000) 496,969,000    
Beginning balances, common stock (in shares) at Mar. 31, 2021         75,186,127            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
OP units and subordinated performance units, net of offering costs   24,102,000               24,102,000  
Redemptions of OP units (in shares)         121,923            
Redemptions of OP units 0       $ 1,000 1,554,000   (52,000) (1,503,000)    
Issuance of common shares, net of offering costs (in shares)         2,390,000            
Issuance of common shares, net of offering costs 103,670,000       $ 24,000 103,646,000          
Issuance of common shares, share based compensation plans (in shares)       4,000              
Issuance of common shares, share based compensation plans 0     $ 100,000         (100,000)    
Effect of changes in ownership for consolidated entities 0         (17,420,000)   (227,000) 17,647,000    
Equity-based compensation expense 1,348,000         113,000     1,235,000    
Issuance of restricted common shares (in shares)         13,255            
Issuance of restricted common shares 0                    
Vesting and forfeitures of restricted common shares, net (in shares)         (2,474)            
Vesting and forfeitures of restricted common shares, net (2,000)         (2,000)          
Preferred share dividends (3,276,000)           (3,276,000)        
Common share dividends (29,404,000)           (29,404,000)        
Distributions to noncontrolling interests (24,606,000)               (24,606,000)    
Other comprehensive income (loss) (1,601,000)             (1,125,000) (476,000)    
Net income 35,675,000           28,718,000   6,957,000    
Ending balances, preferred stock (in shares) at Jun. 30, 2021       8,736,719              
Ending balances at Jun. 30, 2021 $ 1,687,526,000     $ 218,418,000 $ 777,000 1,244,269,000 (263,117,000) (33,046,000) 520,225,000    
Ending balances, common stock (in shares) at Jun. 30, 2021         77,708,831            
Beginning balances, preferred stock (in shares) at Dec. 31, 2021 8,736,719     8,736,719              
Beginning balances at Dec. 31, 2021 $ 2,482,455,000     $ 218,418,000 $ 912,000 1,866,773,000 (291,263,000) (19,611,000) 707,226,000    
Beginning balances, common stock (in shares) at Dec. 31, 2021 91,198,929       91,198,929            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
OP units and subordinated performance units, net of offering costs   3,217,000               3,217,000  
Acquisition of properties   16,576,000               16,576,000  
Redemptions of OP units (in shares)         258,477            
Redemptions of OP units $ 0       $ 3,000 4,601,000   (44,000) (4,560,000)    
Redemption of Series A-1 preferred units (in shares)       8,216              
Redemption of Series A-1 preferred units 0     $ 205,000         (205,000)    
Effect of changes in ownership for consolidated entities 0         (40,627,000)   590,000 40,037,000    
Equity-based compensation expense 1,544,000         103,000     1,441,000    
Issuance of restricted common shares (in shares)         7,913            
Issuance of restricted common shares 0                    
Vesting and forfeitures of restricted common shares, net (in shares)         (3,599)            
Vesting and forfeitures of restricted common shares, net (118,000)         (118,000)          
Preferred share dividends (3,279,000)           (3,279,000)        
Common share dividends (45,710,000)           (45,710,000)        
Distributions to noncontrolling interests (33,009,000)               (33,009,000)    
Other comprehensive income (loss) 43,582,000             30,799,000 12,783,000    
Net income 44,786,000           25,228,000   19,558,000    
Ending balances, preferred stock (in shares) at Mar. 31, 2022       8,744,935              
Ending balances at Mar. 31, 2022 $ 2,510,044,000     $ 218,623,000 $ 915,000 1,830,732,000 (315,024,000) 11,734,000 763,064,000    
Ending balances, common stock (in shares) at Mar. 31, 2022         91,461,720            
Beginning balances, preferred stock (in shares) at Dec. 31, 2021 8,736,719     8,736,719              
Beginning balances at Dec. 31, 2021 $ 2,482,455,000     $ 218,418,000 $ 912,000 1,866,773,000 (291,263,000) (19,611,000) 707,226,000    
Beginning balances, common stock (in shares) at Dec. 31, 2021 91,198,929       91,198,929            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Other comprehensive income (loss) $ 61,424,000                    
Net income $ 93,211,000                    
Ending balances, preferred stock (in shares) at Jun. 30, 2022 9,017,588     9,017,588              
Ending balances at Jun. 30, 2022 $ 2,501,313,000     $ 225,439,000 $ 918,000 1,841,880,000 (343,834,000) 24,372,000 752,538,000    
Ending balances, common stock (in shares) at Jun. 30, 2022 91,755,672       91,755,672            
Beginning balances, preferred stock (in shares) at Mar. 31, 2022       8,744,935              
Beginning balances at Mar. 31, 2022 $ 2,510,044,000     $ 218,623,000 $ 915,000 1,830,732,000 (315,024,000) 11,734,000 763,064,000    
Beginning balances, common stock (in shares) at Mar. 31, 2022         91,461,720            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
OP units and subordinated performance units, net of offering costs   $ 13,938,000 $ 0             $ 13,938,000 $ (5,877,000)
Redemptions of OP units (in shares)         294,573            
Redemptions of OP units 0       $ 3,000 5,140,000   59,000 (5,202,000)    
Redemption of Series A-1 preferred units (in shares)       272,653              
Redemption of Series A-1 preferred units 0     $ 6,816,000         (6,816,000)    
Effect of changes in ownership for consolidated entities           5,924,000   (47,000)      
Equity-based compensation expense 1,580,000         127,000     1,453,000    
Issuance of restricted common shares (in shares)         630            
Issuance of restricted common shares 0         0          
Vesting and forfeitures of restricted common shares, net (in shares)         (1,251)            
Vesting and forfeitures of restricted common shares, net (43,000)         (43,000)          
Reduction in receivables from partners of the operating partnership 0                    
Preferred share dividends (3,382,000)           (3,382,000)   0    
Common share dividends (50,466,000)           (50,466,000)        
Distributions to noncontrolling interests (36,625,000)               (36,625,000)    
Other comprehensive income (loss) 17,842,000             12,626,000 5,216,000    
Net income $ 48,425,000           25,038,000   23,387,000    
Ending balances, preferred stock (in shares) at Jun. 30, 2022 9,017,588     9,017,588              
Ending balances at Jun. 30, 2022 $ 2,501,313,000     $ 225,439,000 $ 918,000 $ 1,841,880,000 $ (343,834,000) $ 24,372,000 $ 752,538,000    
Ending balances, common stock (in shares) at Jun. 30, 2022 91,755,672       91,755,672