Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
OP Units And Subordinated Performance Units, Net Of Offering Costs
Preferred Shares
Common Shares
Additional Paid-in Capital
Distributions In Excess Of Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Noncontrolling Interests
OP Units, Subordinated Performance Units, And Series A-1 Preferred Units
Noncontrolling Interests
Series A-1 preferred units
Noncontrolling Interests
OP Units And Subordinated Performance Units, Net Of Offering Costs
Beginning balances, preferred stock (in shares) at Dec. 31, 2021     8,736,719                
Beginning balances at Dec. 31, 2021 $ 2,482,455   $ 218,418 $ 912 $ 1,866,773 $ (291,263) $ (19,611) $ 707,226      
Beginning balances, common stock (in shares) at Dec. 31, 2021       91,198,929              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Internalization of PRO, net of offering costs 3,217             3,217      
OP units, subordinated performance units and Series A-1 preferred units, net of offering costs 16,576               $ 16,576    
Redemption of Series A-1 preferred units (in shares)     8,216                
Redemptions of Series A-1 preferred units 0   $ 205         (205)      
Redemptions of OP units (in shares)       258,477              
Redemptions of Series A-1 preferred units 0     $ 3 4,601   (44) (4,560)      
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                
Ending balances at Mar. 31, 2022 2,510,044   $ 218,623 $ 915 1,830,732 (315,024) 11,734 763,064      
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                
Beginning balances at Dec. 31, 2021 2,482,455   $ 218,418 $ 912 1,866,773 (291,263) (19,611) 707,226      
Beginning balances, common stock (in shares) at Dec. 31, 2021       91,198,929              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Other comprehensive income (loss) 61,424                    
Net income 93,211                    
Ending balances, preferred stock (in shares) at Jun. 30, 2022     9,017,588                
Ending balances at Jun. 30, 2022 2,501,313   $ 225,439 $ 918 1,841,880 (343,834) 24,372 752,538      
Ending balances, common stock (in shares) at Jun. 30, 2022       91,755,672              
Beginning balances, preferred stock (in shares) at Mar. 31, 2022     8,744,935                
Beginning balances at Mar. 31, 2022 2,510,044   $ 218,623 $ 915 1,830,732 (315,024) 11,734 763,064      
Beginning balances, common stock (in shares) at Mar. 31, 2022       91,461,720              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
OP units, subordinated performance units and Series A-1 preferred units, net of offering costs   $ 13,938                 $ 13,938
Redemption of Series A-1 preferred units (in shares)     272,653                
Redemptions of Series A-1 preferred units 0   $ 6,816         (6,816)      
Redemptions of OP units (in shares)       294,573              
Redemptions of Series A-1 preferred units 0     $ 3 5,140   59 (5,202)      
Effect of changes in ownership for consolidated entities 0       5,924   (47) (5,877)      
Equity-based compensation expense 1,580       127     1,453      
Issuance of restricted common shares (in shares)       630              
Vesting and forfeitures of restricted common shares, net (in shares)       (1,251)              
Vesting and forfeitures of restricted common shares, net (43)       (43)            
Preferred share dividends (3,382)         (3,382)          
Common share dividends (50,466)         (50,466)          
Distributions to noncontrolling interests (36,625)             (36,625)      
Other comprehensive income (loss) 17,842           12,626 5,216      
Net income 48,425         25,038   23,387      
Ending balances, preferred stock (in shares) at Jun. 30, 2022     9,017,588                
Ending balances at Jun. 30, 2022 2,501,313   $ 225,439 $ 918 1,841,880 (343,834) 24,372 752,538      
Ending balances, common stock (in shares) at Jun. 30, 2022       91,755,672              
Beginning balances, preferred stock (in shares) at Dec. 31, 2022     9,017,588                
Beginning balances at Dec. 31, 2022 $ 2,389,014   $ 225,439 $ 898 1,777,984 (396,650) 40,530 740,813      
Beginning balances, common stock (in shares) at Dec. 31, 2022 89,842,145     89,842,145              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares, net of offering costs (in shares)     5,668,128                
Issuance of preferred shares $ 113,274   $ 115,212   (1,938)            
Internalization of PRO, net of offering costs 37,257             37,257      
OP units, subordinated performance units and Series A-1 preferred units, net of offering costs 750                 $ 750  
Redemptions of OP units (in shares)       67,431              
Redemptions of Series A-1 preferred units 0     $ 1 1,093   30 (1,124)      
Repurchase of common shares (in shares)       (1,622,874)              
Repurchase of common shares (69,311)     $ (16) (69,295)            
Effect of changes in ownership for consolidated entities 0       (18,720)   (1,245) 19,965      
Equity-based compensation expense 1,649       101     1,548      
Issuance of restricted common shares (in shares)       12,417              
Issuance of restricted common shares 0       0            
Vesting and forfeitures of restricted common shares, net (in shares)       (2,977)              
Vesting and forfeitures of restricted common shares, net (89)       (89)            
Preferred share dividends (3,962)         (3,962)          
Common share dividends (48,755)         (48,755)          
Distributions to noncontrolling interests (34,431)             (34,431)      
Other comprehensive income (loss) (20,714)           (14,162) (6,552)      
Net income 40,392         28,959   11,433      
Ending balances, preferred stock (in shares) at Mar. 31, 2023     14,685,716                
Ending balances at Mar. 31, 2023 2,405,074   $ 340,651 $ 883 1,689,136 (420,408) 25,153 769,659      
Ending balances, common stock (in shares) at Mar. 31, 2023       88,296,142              
Beginning balances, preferred stock (in shares) at Dec. 31, 2022     9,017,588                
Beginning balances at Dec. 31, 2022 $ 2,389,014   $ 225,439 $ 898 1,777,984 (396,650) 40,530 740,813      
Beginning balances, common stock (in shares) at Dec. 31, 2022 89,842,145     89,842,145              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Repurchase of common shares (in shares) (1,622,874,000)                    
Other comprehensive income (loss) $ (3,591)                    
Net income 85,868                    
Ending balances, preferred stock (in shares) at Jun. 30, 2023     14,685,716                
Ending balances at Jun. 30, 2023 $ 2,384,401   $ 340,651 $ 886 1,692,741 (445,813) 36,906 759,030      
Ending balances, common stock (in shares) at Jun. 30, 2023 88,649,794     88,649,794              
Beginning balances, preferred stock (in shares) at Mar. 31, 2023     14,685,716                
Beginning balances at Mar. 31, 2023 $ 2,405,074   $ 340,651 $ 883 1,689,136 (420,408) 25,153 769,659      
Beginning balances, common stock (in shares) at Mar. 31, 2023       88,296,142              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Internalization of PRO, net of offering costs 5,577             5,577      
Redemptions of OP units (in shares)       354,936              
Redemptions of Series A-1 preferred units 0     $ 3 5,530   113 (5,646)      
Effect of changes in ownership for consolidated entities 0       (1,833)   (18) 1,851      
Equity-based compensation expense 1,677       125     1,552      
Issuance of restricted common shares (in shares)       439              
Issuance of restricted common shares 0       0            
Vesting and forfeitures of restricted common shares, net (in shares)       (1,723)              
Vesting and forfeitures of restricted common shares, net (217)       (217)            
Preferred share dividends (5,402)         (5,402)          
Common share dividends (49,451)         (49,451)          
Distributions to noncontrolling interests (35,456)             (35,456)      
Other comprehensive income (loss) 17,123           11,658 5,465      
Net income 45,476         29,448   16,028      
Ending balances, preferred stock (in shares) at Jun. 30, 2023     14,685,716                
Ending balances at Jun. 30, 2023 $ 2,384,401   $ 340,651 $ 886 $ 1,692,741 $ (445,813) $ 36,906 $ 759,030      
Ending balances, common stock (in shares) at Jun. 30, 2023 88,649,794     88,649,794