Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common shares
OP units and subordinated performance units
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
OP units and subordinated performance units
Beginning balances, preferred stock (in shares) at Dec. 31, 2020       8,732,719                
Beginning balances, common stock (in shares) at Dec. 31, 2020         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 shares, net of offering costs (in shares)           3,692,216            
Issuance of shares, net of offering costs   $ 122,412       $ 37   $ 122,375        
Merger and internalization of PRO, net of issuance costs (in shares)         0              
Contributions from noncontrolling interests 103       $ 0   0     0 103  
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 income (loss) 25,857                 17,840 8,017  
Net income 27,635               20,838   6,797  
Ending balances, preferred stock (in shares) at Mar. 31, 2021       8,732,719                
Ending balances, common stock (in shares) at Mar. 31, 2021         75,186,127              
Ending balances at Mar. 31, 2021 $ 1,581,620     $ 218,318 $ 752   1,156,378   (259,155) (31,642) 496,969  
Beginning balances, preferred stock (in shares) at Dec. 31, 2021 8,736,719     8,736,719                
Beginning balances, common stock (in shares) at Dec. 31, 2021 91,198,929       91,198,929              
Beginning balances at Dec. 31, 2021 $ 2,482,455     $ 218,418 $ 912   1,866,773   (291,263) (19,611) 707,226  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
OP units and subordinated performance units, net of offering costs     3,217                 3,217
Acquisition of properties     $ 16,576                 $ 16,576
Redemptions of OP units (in shares)         258,477              
Redemptions of OP units 0       $ 3   4,601     (44) (4,560)  
Redemption of Series A-1 preferred units (in shares)       8,216                
Redemption of Series A-1 preferred units 0     $ 205             (205)  
Effect of changes in ownership for consolidated entities 0           (40,627)     590 40,037  
Equity-based compensation expense 1,544           103       1,441  
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)           (118)          
Preferred share dividends (3,279)               (3,279)      
Common share dividends (45,710)               (45,710)      
Distributions to noncontrolling interests (33,009)                   (33,009)  
Other comprehensive income (loss) 43,582                 30,799 12,783  
Net income $ 44,786               25,228   19,558  
Ending balances, preferred stock (in shares) at Mar. 31, 2022 8,744,935     8,744,935                
Ending balances, common stock (in shares) at Mar. 31, 2022 91,461,720       91,461,720              
Ending balances at Mar. 31, 2022 $ 2,510,044     $ 218,623 $ 915   $ 1,830,732   $ (315,024) $ 11,734 $ 763,064