Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited)

v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Preferred shares
Common shares
Series A-1 preferred units, OP units, and subordinated performance units
Preferred Shares
Preferred Shares
Preferred shares
Common Shares
Common Shares
Common shares
Additional Paid-in Capital
Additional Paid-in Capital
Common shares
Distributions In Excess Of Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Noncontrolling Interests
Preferred shares
Noncontrolling Interests
Series A-1 preferred units, OP units, and subordinated performance units
Beginning balances (in shares) at Dec. 31, 2019         8,727,119                    
Beginning balances (in shares) at Dec. 31, 2019             59,659,108                
Beginning 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]                              
OP units and subordinated performance units, net of offering costs       $ 6,206                     $ 6,206
LTIP units 1,011                       1,011    
Redemptions of OP units (in shares)             118,961                
Redemptions of OP units 0           $ 1   1,437     (62) (1,376)    
Issuance of common shares, net of offering costs (in shares)             125,000                
Issuance of common shares, net of offering costs 4,249           $ 1   4,248            
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)    
Redemption of Series A-1 preferred units (in shares)           5,600                  
Redemption of Series A-1 preferred units   $ 0       $ 140               $ (140)  
Effect of changes in ownership for consolidated entities 0               15,857     (2,265) (13,592)    
Equity-based compensation expense 774               76       698    
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)             (2,910)                
Vesting and forfeitures of restricted common shares, net (94)               (94)            
Preferred share dividends (3,273)                   (3,273)        
Common share dividends (19,747)                   (19,747)        
Distributions to noncontrolling interests (19,813)                       (19,813)    
Other comprehensive loss (65,757)                     (42,293) (23,464)    
Net income 15,763                   6,648   9,115    
Ending balances (in shares) at Mar. 31, 2020         8,732,719                    
Ending balances (in shares) at Mar. 31, 2020             68,027,212                
Ending balances at Mar. 31, 2020 $ 1,381,055       $ 218,318   $ 680   970,786   (213,447) (52,855) 457,573    
Beginning balances (in shares) at Dec. 31, 2020 8,732,719       8,732,719                    
Beginning balances (in shares) at Dec. 31, 2020 71,293,117           71,293,117                
Beginning balances at Dec. 31, 2020 $ 1,430,475       $ 218,318   $ 713   1,050,714   (251,704) (49,084) 461,518    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
OP units and subordinated performance units, net of offering costs       $ 22,897                     $ 22,897
Redemptions of OP units (in shares)             190,248                
Redemptions of OP units 0           $ 2   2,332     (108) (2,226)    
Issuance of common shares, net of offering costs (in shares)               3,692,216              
Issuance of common shares, net of offering costs     $ 122,412         $ 37   $ 122,375          
Contributions from noncontrolling interests 103                       103    
Effect of changes in ownership for consolidated entities 0               (18,983)     (290) 19,273    
Equity-based compensation expense 1,286               92       1,194    
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)               (152)            
Preferred share dividends (3,275)                   (3,275)        
Common share dividends (25,014)                   (25,014)        
Distributions to noncontrolling interests (20,604)                       (20,604)    
Other comprehensive loss 25,857                     17,840 8,017    
Net income $ 27,635                   20,838   6,797    
Ending balances (in shares) at Mar. 31, 2021 8,732,719       8,732,719                    
Ending balances (in shares) at Mar. 31, 2021 75,186,127           75,186,127                
Ending balances at Mar. 31, 2021 $ 1,581,620       $ 218,318   $ 752   $ 1,156,378   $ (259,155) $ (31,642) $ 496,969