Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

v3.24.0.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
OP Units, Subordinated Performance Units, And Series A-1 Preferred Units
OP units
Series A-1 preferred units
Preferred Shares
Common Shares
Common Shares
OP units
Additional Paid-in Capital
Additional Paid-in Capital
OP units
Distribution in Excess of Earnings
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income
OP units
Noncontrolling Interests
Noncontrolling Interests
OP Units, Subordinated Performance Units, And Series A-1 Preferred Units
Noncontrolling Interests
OP units
Noncontrolling Interests
Internalization of PRO, net of offering costs
Noncontrolling Interests
Series A-1 preferred units
Beginning balances, preferred stock (in shares) at Dec. 31, 2020         8,732,719                        
Beginning balances at Dec. 31, 2020 $ 1,430,475       $ 218,318 $ 713   $ 1,050,714   $ (251,704) $ (49,084)   $ 461,518        
Beginning balances, common stock (in shares) at Dec. 31, 2020           71,293,117                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
OP units, subordinated performance units and Series A-1 preferred units, net of offering costs   $ 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               (100)        
Redemptions of OP units (in shares)           700,326                      
Redemptions of OP units 0         $ 7   10,283     (316)   (9,974)        
Issuance of common shares, net of offering costs (in shares)           19,196,216                      
Issuance of common shares, net of offering costs 900,980         $ 192   900,788                  
Issuance of restricted common shares 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, net (in shares)           (19,978)                      
Vesting and forfeitures of restricted common shares, net (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        
Ending balances, preferred stock (in shares) at Dec. 31, 2021         8,736,719                        
Ending balances at Dec. 31, 2021 2,482,455       $ 218,418 $ 912   1,866,773   (291,263) (19,611)   707,226        
Ending Beginning balances, common stock (in shares) at Dec. 31, 2021           91,198,929                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
OP units, subordinated performance units and Series A-1 preferred units, net of offering costs   $ 68,899                       68,899      
Internalization of PRO, net of offering costs 3,217                             $ 3,217  
Redemption of Series A-1 preferred units (in shares)         280,869                        
Redemptions of Series A-1 preferred units 0       $ 7,021               (7,021)        
Redemptions of OP units (in shares)           627,896                      
Redemptions of OP units 0         $ 6   11,026     33   (11,065)        
Repurchase of common shares (in shares)           (1,986,175)                      
Repurchase of common shares (90,109)         $ (20)   (90,089)                  
Effect of changes in ownership for consolidated entities 0             (9,975)     173   9,802        
Equity-based compensation expense 6,258             410         5,848        
Issuance of restricted common shares (in shares)           10,405                      
Vesting and forfeitures of restricted common shares, net (in shares)           (8,910)                      
Vesting and forfeitures of restricted common shares, net (161)             (161)                  
Preferred share dividends (13,425)                 (13,425)              
Common share dividends (195,699)                 (195,699)              
Distributions to noncontrolling interests (140,919)                       (140,919)        
Other comprehensive income (loss) 84,733                   59,935   24,798        
Net income 183,765                 103,737     80,028        
Ending balances, preferred stock (in shares) at Dec. 31, 2022         9,017,588                        
Ending balances at Dec. 31, 2022 $ 2,389,014       $ 225,439 $ 898   1,777,984   (396,650) 40,530   740,813        
Ending Beginning balances, common stock (in shares) at Dec. 31, 2022 89,842,145         89,842,145                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
OP units, subordinated performance units and Series A-1 preferred units, net of offering costs $ 67,266     $ 750                   $ 67,266     $ 750
Issuance of preferred shares (in shares)         5,668,128                        
Issuance of preferred shares $ 113,129       $ 115,212     (2,083)                  
Redemptions of OP units (in shares)             1,275,854                    
Redemptions of OP units     $ 0       $ 13   $ 19,240     $ 514     $ (19,767)    
Repurchase of common shares (in shares) (8,836,639)         (8,836,639)                      
Repurchase of common shares $ (310,152)         $ (88)   (310,064)     0   0        
Effect of changes in ownership for consolidated entities 0             24,373     (2,301)   (22,072)        
Equity-based compensation expense 6,679                                
Issuance of restricted common shares (in shares)           12,856                      
Issuance of restricted common shares 0             0                  
Vesting and forfeitures of restricted common shares, net (in shares)           (8,221)                      
Vesting and forfeitures of restricted common shares, net (306)             (306)                  
Preferred share dividends (19,019)                 (19,019)              
Common share dividends (190,907)             419   (190,907)     6,260        
Distributions to noncontrolling interests (141,246)                       (141,246)        
Other comprehensive income (loss) (26,355)                   (17,685)   (8,670)        
Net income 236,988                 156,669     80,319        
Ending balances, preferred stock (in shares) at Dec. 31, 2023         14,685,716                        
Ending balances at Dec. 31, 2023 $ 2,125,841       $ 340,651 $ 823   $ 1,509,563   $ (449,907) $ 21,058   $ 703,653        
Ending Beginning balances, common stock (in shares) at Dec. 31, 2023 82,285,995         82,285,995