Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited)

v3.19.2
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Series A-1 preferred units, OP units, and subordinated performance units
OP units
Preferred Shares
Common Shares
Additional Paid-in Capital
Distributions In Excess Of Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interests
Noncontrolling Interests
Series A-1 preferred units, OP units, and subordinated performance units
Noncontrolling Interests
OP units
Redeemable Preferred Stock
Redeemable Preferred Stock
Preferred Shares
Redeemable Preferred Stock
Additional Paid-in Capital
Common Shares of Beneficial Interest, $0.01 par value per share
Common Shares of Beneficial Interest, $0.01 par value per share
Common Shares
Common Shares of Beneficial Interest, $0.01 par value per share
Additional Paid-in Capital
Balances (in shares) at Dec. 31, 2017       6,900,000                          
Balances (in shares) at Dec. 31, 2017         50,284,934                        
Balances at Dec. 31, 2017 $ 1,271,487     $ 172,500 $ 503 $ 711,467 $ (55,729) $ 12,282 $ 430,464                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of equity units   $ 22,403 $ 5             $ 22,403 $ 5            
Redemptions of OP units (in shares)         145,334                        
Redemptions of OP units 0       $ 1 1,921   51 (1,973)                
Effect of changes in ownership for consolidated entities 0         (12,621)   (396) 13,017                
Equity-based compensation expense 867         70     797                
Issuance of restricted common shares (in shares)         12,311                        
Issuance of restricted common shares 0                                
Vesting and forfeitures of restricted common shares, net (in shares)         (3,848)                        
Vesting and forfeitures of restricted common shares, net (75)         (75)                      
Reduction in receivables from partners of the operating partnership 191               191                
Preferred share dividends (2,588)           (2,588)                    
Common share dividends (14,099)           (14,099)                    
Distributions to noncontrolling interests (14,515)               (14,515)                
Other comprehensive loss 9,039             5,548 3,491                
Net income 11,973           10,460   1,513                
Balances (in shares) at Mar. 31, 2018       6,900,000                          
Balances (in shares) at Mar. 31, 2018         50,438,731                        
Balances at Mar. 31, 2018 1,284,688     $ 172,500 $ 504 700,762 (61,956) 17,485 455,393                
Balances (in shares) at Dec. 31, 2017       6,900,000                          
Balances (in shares) at Dec. 31, 2017         50,284,934                        
Balances at Dec. 31, 2017 1,271,487     $ 172,500 $ 503 711,467 (55,729) 12,282 430,464                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Other comprehensive loss 13,423                                
Net income 25,014                                
Balances (in shares) at Jun. 30, 2018       6,900,000                          
Balances (in shares) at Jun. 30, 2018         50,539,575                        
Balances at Jun. 30, 2018 1,270,237     $ 172,500 $ 505 701,256 (73,307) 20,211 449,072                
Balances (in shares) at Mar. 31, 2018       6,900,000                          
Balances (in shares) at Mar. 31, 2018         50,438,731                        
Balances at Mar. 31, 2018 1,284,688     $ 172,500 $ 504 700,762 (61,956) 17,485 455,393                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Redemptions of OP units (in shares)         101,248                        
Redemptions of OP units 0       $ 1 1,305   36 (1,342)                
Effect of changes in ownership for consolidated entities 0         (877)   (10) 887                
Equity-based compensation expense 919         66     853                
Vesting and forfeitures of restricted common shares, net (in shares)         (404)                        
Vesting and forfeitures of restricted common shares, net 0         0                      
Reduction in receivables from partners of the operating partnership 156               156                
Preferred share dividends (2,587)           (2,587)                    
Common share dividends (14,655)           (14,655)                    
Distributions to noncontrolling interests (15,709)               (15,709)                
Other comprehensive loss 4,384             2,700 1,684                
Net income 13,041           5,891   7,150                
Balances (in shares) at Jun. 30, 2018       6,900,000                          
Balances (in shares) at Jun. 30, 2018         50,539,575                        
Balances at Jun. 30, 2018 $ 1,270,237     $ 172,500 $ 505 701,256 (73,307) 20,211 449,072                
Balances (in shares) at Dec. 31, 2018 6,900,000     6,900,000                          
Balances (in shares) at Dec. 31, 2018 56,654,009       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 equity units   32,856               32,856              
Redemptions of OP units (in shares)         29,910                        
Redemptions of OP units 0       $ 0 250   7 (257)                
Effect of changes in ownership for consolidated entities 0         (5,385)   (182) 5,567                
Equity-based compensation expense 1,112         90     1,022                
Issuance of LTIP units for acquisition expenses 5               5                
Issuance of restricted common shares (in shares)         18,218                        
Issuance of restricted common shares 0                                
Vesting and forfeitures of restricted common shares, net (in shares)         (3,451)                        
Vesting and forfeitures of restricted common shares, net (69)         (69)                      
Reduction in receivables from partners of the operating partnership 139               139                
Preferred share dividends (2,588)           (2,588)                    
Common share dividends (17,010)           (17,010)                    
Distributions to noncontrolling interests (17,181)               (17,181)                
Other comprehensive loss (9,315)             (5,917) (3,398)                
Net income 12,940           7,411   5,529                
Balances (in shares) at Mar. 31, 2019       6,900,000                          
Balances (in shares) at Mar. 31, 2019         56,698,686                        
Balances at Mar. 31, 2019 $ 1,403,188     $ 172,500 $ 567 839,162 (126,309) 7,526 509,742                
Balances (in shares) at Dec. 31, 2018 6,900,000     6,900,000                          
Balances (in shares) at Dec. 31, 2018 56,654,009       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]                                  
Other comprehensive loss (29,667)                                
Net income $ 30,673                                
Balances (in shares) at Jun. 30, 2019 8,685,680     8,685,680                          
Balances (in shares) at Jun. 30, 2019 59,296,969       59,296,969                        
Balances at Jun. 30, 2019 $ 1,498,784     $ 217,142 $ 593 901,499 (156,192) (5,466) 541,208                
Balances (in shares) at Mar. 31, 2019       6,900,000                          
Balances (in shares) at Mar. 31, 2019         56,698,686                        
Balances at Mar. 31, 2019 1,403,188     $ 172,500 $ 567 839,162 (126,309) 7,526 509,742                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of equity units   $ 15,515 $ 8,540             $ 15,515 $ 8,540            
Stock Issued During Period, Shares, New Issues                         1,785,680     2,375,000  
Stock Issued During Period, Value, New Issues                       $ 43,624 $ 44,642 $ (1,018) $ 70,637 $ 24 $ 70,613
Redemptions of OP units (in shares)         224,618                        
Redemptions of OP units 0       $ 2 1,839   28 (1,869)                
Effect of changes in ownership for consolidated entities 0         (9,179)   (28) 9,207                
Equity-based compensation expense 1,108         82     1,026                
Issuance of LTIP units for acquisition expenses 56               56                
Vesting and forfeitures of restricted common shares, net (in shares)         (1,335)                        
Vesting and forfeitures of restricted common shares, net 0         0                      
Preferred share dividends (3,257)           (3,257)                    
Common share dividends (18,970)           (18,970)                    
Distributions to noncontrolling interests (19,038)               (19,038)                
Other comprehensive loss (20,352)             (12,992) (7,360)                
Net income $ 17,733           (7,656)   25,389                
Balances (in shares) at Jun. 30, 2019 8,685,680     8,685,680                          
Balances (in shares) at Jun. 30, 2019 59,296,969       59,296,969                        
Balances at Jun. 30, 2019 $ 1,498,784     $ 217,142 $ 593 $ 901,499 $ (156,192) $ (5,466) $ 541,208