Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

v3.20.4
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Series A-1 preferred units, OP units, and subordinated performance units
OP units
Preferred Shares
Preferred Shares
Preferred Shares
Common Shares
Common Shares
Common Shares
Additional Paid-in Capital
Additional Paid-in Capital
Preferred Shares
Additional Paid-in Capital
Common Shares
Distribution in Excess of Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Noncontrolling Interests
Series A-1 preferred units, OP units, and subordinated performance units
Noncontrolling Interests
OP units
Balances (in shares) at Dec. 31, 2017           6,900,000                      
Balances (in shares) at Dec. 31, 2017               50,284,934                  
Balances at Dec. 31, 2017 $ 1,271,487         $ 172,500   $ 503   $ 711,467     $ (55,729) $ 12,282 $ 430,464    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of equity units       $ 27,962 $ 1,236                     $ 27,962 $ 1,236
Redemptions of equity units (in shares)               462,778                  
Redemption of equity units 0             $ 5   5,904       172 (6,081)    
Issuance of shares, net of offering costs (in shares)               5,900,000                  
Issuance of shares, net of offering costs 175,616             $ 59   175,557              
Effect of changes in ownership for consolidated entities 0                 (48,830)       410 48,420    
Equity-based compensation expense 3,837                 253         3,584    
Issuance of restricted common shares (in shares)               12,311                  
Issuance of restricted common shares 0                                
Vesting and forfeitures of restricted common shares, net (in shares)               (6,014)                  
Vesting and forfeitures of restricted common shares (75)                 (75)              
Reduction in receivables from partners of the operating partnership 642                           642    
Preferred share dividends (10,350)                       (10,350)        
Common share dividends (62,152)                       (62,152)        
Distributions to noncontrolling interests (64,011)                           (64,011)    
Other comprehensive income (loss) 1,781                         754 1,027    
Net income 56,326                       14,109   42,217    
Balances (in shares) at Dec. 31, 2018           6,900,000                      
Balances (in shares) at Dec. 31, 2018               56,654,009                  
Balances at Dec. 31, 2018 1,402,299         $ 172,500   $ 567   844,276     (114,122) 13,618 485,460    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of equity units       51,321 $ 8,540                     51,321 $ 8,540
Redemption of Series A-1 preferred units (in shares)           41,439                      
Redemptions of Series A-1 preferred units   $ 0       $ 1,036       20         (1,056)    
Redemptions of equity units (in shares)               581,001                  
Redemption of equity units 0             $ 6   4,794       (41) (4,759)    
Issuance of shares, net of offering costs (in shares)             1,785,680 2,412,770                  
Issuance of shares, net of offering costs 71,891 $ 43,624         $ 44,642 $ 24   71,867 $ (1,018)            
Effect of changes in ownership for consolidated entities 0                 (14,429)       (185) 14,614    
Equity-based compensation expense 4,527                 322         4,205    
Issuance of LTIP units for acquisition expenses 179                           179    
Issuance of restricted common shares (in shares)               18,218                  
Issuance of restricted common shares 0                                
Vesting and forfeitures of restricted common shares, net (in shares)               (6,890)                  
Vesting and forfeitures of restricted common shares (69)                 (69)              
Reduction in receivables from partners of the operating partnership 505                           505    
Preferred share dividends (12,390)                       (12,390)        
Common share dividends (74,546)                       (74,546)        
Distributions to noncontrolling interests (76,515)                           (76,515)    
Other comprehensive income (loss) (33,278)                         (21,225) (12,053)    
Net income $ 66,013                       3,983   62,030    
Balances (in shares) at Dec. 31, 2019 8,727,119         8,727,119                      
Balances (in shares) at Dec. 31, 2019 59,659,108             59,659,108                  
Balances at Dec. 31, 2019 $ 1,452,101         $ 218,178   $ 597   905,763     (197,075) (7,833) 532,471    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of equity units       $ 36,222                       $ 36,222  
LTIP units 1,011                           1,011    
Redemption of Series A-1 preferred units (in shares)           5,600                      
Redemptions of Series A-1 preferred units 0         $ 140       0         (140)    
Redemptions of equity units (in shares)               892,070                  
Redemption of equity units 0             $ 9   10,479       (685) (9,803)    
Issuance of shares, net of offering costs (in shares)                 2,622,892                
Issuance of shares, net of offering costs     $ 83,904           $ 26     $ 83,878          
Merger and internalization of PRO, net of issuance costs (in shares)               8,105,192                  
Merger and internalization of PRO, net of issuance costs 9,595             $ 81   43,499       (402) (33,583)    
Effect of changes in ownership for consolidated entities 0                 6,825       (2,619) (4,206)    
Equity-based compensation expense 4,278                 364         3,914    
Issuance of LTIP units for acquisition expenses 40                           40    
Issuance of restricted common shares (in shares)               21,861                  
Issuance of restricted common shares 0                                
Vesting and forfeitures of restricted common shares, net (in shares)               (8,006)                  
Vesting and forfeitures of restricted common shares (94)                 (94)              
Reduction in receivables from partners of the operating partnership 310                           310    
Preferred share dividends (13,097)                       (13,097)        
Common share dividends (90,141)                       (90,141)        
Distributions to noncontrolling interests (74,108)                           (74,108)    
Other comprehensive income (loss) (59,024)                         (37,545) (21,479)    
Net income $ 79,478                       48,609   30,869    
Balances (in shares) at Dec. 31, 2020 8,732,719         8,732,719                      
Balances (in shares) at Dec. 31, 2020 71,293,117             71,293,117                  
Balances at Dec. 31, 2020 $ 1,430,475         $ 218,318   $ 713   $ 1,050,714     $ (251,704) $ (49,084) $ 461,518