Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

v3.22.0.1
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 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 And Subordinated Performance Units
Noncontrolling Interests
OP units
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 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)              
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             $ 1,036       20         (1,056)      
Redemptions of equity units (in shares)                 581,001                    
Redemptions of OP units                 $ 6   4,794       (41) (4,759)      
Effect of changes in ownership for consolidated entities                     (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                    
Vesting and forfeitures of restricted common shares (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                        
Balances (in shares) at Dec. 31, 2019                 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 shares, net of offering costs (in shares)                 2,622,892                    
Issuance of shares, net of offering costs 83,904               $ 26   83,878                
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             $ 140       0         (140)      
Redemptions of equity units (in shares)                 892,070                    
Redemptions of OP units                 $ 9   10,479       (685) (9,803)      
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                     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                    
Vesting and forfeitures of restricted common shares (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      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of shares, net of offering costs (in shares)                   19,196,216                  
Issuance of shares, net of offering costs     $ 900,980             $ 192     $ 900,788            
Issuance of equity units       $ 195,099   $ 6,661                     $ 195,099   $ 6,661
Redemption of Series A-1 preferred units (in shares)             4,000                        
Redemptions of Series A-1 preferred units 0           $ 100       0         (100)      
Redemptions of equity units (in shares)                 700,326                    
Redemptions of OP units 0               $ 7   10,283       (316) (9,974)      
Contributions from noncontrolling interests 103                             103      
Effect of changes in ownership for consolidated entities 0                   (95,238)       (1,089) 96,327      
Equity-based compensation expense 5,462                   380         5,082      
Issuance of restricted common shares (in shares)                 29,248                    
Vesting and forfeitures of restricted common shares (in shares)                 (19,978)                    
Vesting and forfeitures of restricted common shares (154)                   (154)                
Preferred share dividends (13,104)                         (13,104)          
Common share dividends (131,708)                         (131,708)          
Distributions to noncontrolling interests (102,430)                             (102,430)      
Other comprehensive income (loss) 44,136                           30,878 13,258      
Net income $ 146,935                         105,253   41,682      
Balances (in shares) at Dec. 31, 2021 8,736,719           8,736,719                        
Balances (in shares) at Dec. 31, 2021 91,198,929               91,198,929                    
Balances at Dec. 31, 2021 $ 2,482,455           $ 218,418   $ 912   $ 1,866,773     $ (291,263) $ (19,611) $ 707,226