Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
Total
Common Shares of Beneficial Interest, $0.01 par value per share
OP units and subordinated performance units
OP units
Preferred Shares
Common Shares
Common Shares
Common Shares of Beneficial Interest, $0.01 par value per share
Additional Paid-in Capital
Additional Paid-in Capital
Common Shares of Beneficial Interest, $0.01 par value per share
Distributions In Excess Of Earnings
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income
Common Shares of Beneficial Interest, $0.01 par value per share
Noncontrolling Interests
Noncontrolling Interests
Common Shares of Beneficial Interest, $0.01 par value per share
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)      
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      
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                
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) 29,741,000                              
Net income 104,040,000                              
Ending balances, preferred stock (in shares) at Sep. 30, 2021         8,736,719                      
Ending balances at Sep. 30, 2021 2,237,664,000       $ 218,418,000 $ 889,000   1,692,481,000   (272,636,000) (30,303,000)   628,815,000      
Ending balances, common stock (in shares) at Sep. 30, 2021           88,945,849                    
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)      
Effect of changes in ownership for consolidated entities 0             (17,420,000)     (227,000)   17,647,000      
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)      
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                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
OP units and subordinated performance units, net of offering costs     31,074,000                       31,074,000  
Redemptions of OP units (in shares)           340,349                    
Redemptions of OP units 0         $ 3,000   5,556,000     (144,000)   (5,415,000)      
Effect of changes in ownership for consolidated entities 0               $ (94,670,000)   (1,095,000)   95,765,000      
Issuance of common shares, net of offering costs (in shares)             10,902,000                  
Issuance of common shares, net of offering costs   $ 537,322,000         $ 109,000   537,213,000              
Equity-based compensation expense 1,454,000             113,000         1,341,000      
Issuance of restricted common shares (in shares)           370                    
Issuance of restricted common shares 0                              
Vesting and forfeitures of restricted common shares, net (in shares)           (5,701)                    
Vesting and forfeitures of restricted common shares, net 0                              
Preferred share dividends (3,276,000)                 (3,276,000)            
Common share dividends (36,467,000)                 (36,467,000)            
Distributions to noncontrolling interests (26,184,000)                       (26,184,000)      
Other comprehensive income (loss) 5,485,000                   3,982,000   1,503,000      
Net income 40,730,000                 30,224,000     10,506,000      
Ending balances, preferred stock (in shares) at Sep. 30, 2021         8,736,719                      
Ending balances at Sep. 30, 2021 $ 2,237,664,000       $ 218,418,000 $ 889,000   1,692,481,000   (272,636,000) (30,303,000)   628,815,000      
Ending balances, common stock (in shares) at Sep. 30, 2021           88,945,849                    
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) $ 87,640,000                              
Net income $ 133,388,000                              
Ending balances, preferred stock (in shares) at Sep. 30, 2022 9,017,588       9,017,588                      
Ending balances at Sep. 30, 2022 $ 2,437,043,000       $ 225,439,000 $ 909,000   1,804,444,000   (374,978,000) 42,852,000   738,377,000      
Ending balances, common stock (in shares) at Sep. 30, 2022 90,861,825         90,861,825                    
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                              
Vesting and forfeitures of restricted common shares, net (in shares)           (1,251)                    
Vesting and forfeitures of restricted common shares, net (43,000)             (43,000)                
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                      
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                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
OP units and subordinated performance units, net of offering costs     $ 6,244,000                       $ 6,244,000  
Redemptions of OP units (in shares)             61,662                  
Redemptions of OP units   $ 0         $ 1,000   $ 1,063,000     $ 13,000   $ (1,077,000)    
Effect of changes in ownership for consolidated entities $ 0             11,500,000     (91,000)   (11,409,000)      
Repurchase of common shares (in shares) (953,924)                              
Repurchase of common shares $ (50,093,000)         $ (10,000)   (50,083,000)                
Equity-based compensation expense 1,546,000             84,000         1,462,000      
Issuance of restricted common shares (in shares)           1,862                    
Issuance of restricted common shares 0                              
Vesting and forfeitures of restricted common shares, net (in shares)           (3,447)                    
Vesting and forfeitures of restricted common shares, net 0                              
Preferred share dividends (3,382,000)                 (3,382,000)            
Common share dividends (49,973,000)                 (49,973,000)            
Distributions to noncontrolling interests (35,005,000)                       (35,005,000)      
Other comprehensive income (loss) 26,216,000                   18,558,000   7,658,000      
Net income $ 40,177,000                 22,211,000     17,966,000      
Ending balances, preferred stock (in shares) at Sep. 30, 2022 9,017,588       9,017,588                      
Ending balances at Sep. 30, 2022 $ 2,437,043,000       $ 225,439,000 $ 909,000   $ 1,804,444,000   $ (374,978,000) $ 42,852,000   $ 738,377,000      
Ending balances, common stock (in shares) at Sep. 30, 2022 90,861,825         90,861,825