Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited)

v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Series A-1 preferred units, OP units, and subordinated performance units
OP units
Series A preferred shares
Common shares
Preferred Shares
Preferred Shares
Series A preferred shares
Common Shares
Common Shares
Common shares
Additional Paid-in Capital
Additional Paid-in Capital
Series A preferred shares
Additional Paid-in Capital
Common shares
Distributions In Excess Of Earnings
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income
Common shares
Noncontrolling Interests
Noncontrolling Interests
Series A-1 preferred units, OP units, and subordinated performance units
Noncontrolling Interests
OP units
Noncontrolling Interests
Series A preferred shares
Noncontrolling Interests
Common shares
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 equity units (in shares)               145,334                        
Redemptions of equity 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 income (loss) 9,039                         5,548   3,491        
Net income (loss) 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 income (loss) 15,902                                      
Net income (loss) 41,843                                      
Balances (in shares) at Sep. 30, 2018           6,900,000                            
Balances (in shares) at Sep. 30, 2018               56,555,690                        
Balances at Sep. 30, 2018 1,434,354         $ 172,500   $ 565   842,679     (87,903) 22,679   483,834        
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 equity units (in shares)               101,248                        
Redemptions of equity 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 income (loss) 4,384                         2,700   1,684        
Net income (loss) 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        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Issuance of equity units   3,660                             3,660      
Issuance of shares, net of offering costs (in shares)                 5,900,000                      
Issuance of shares, net of offering costs         $ 175,691       $ 59     $ 175,632                
Redemptions of equity units (in shares)               117,766                        
Redemptions of equity units 0             $ 1   1,534       47   (1,582)        
Effect of changes in ownership for consolidated entities 0                 (35,797)       837   34,960        
Equity-based compensation expense 1,022                 54           968        
Vesting and forfeitures of restricted common shares, net (in shares)               (1,651)                        
Vesting and forfeitures of restricted common shares, net 0                 0                    
Preferred share dividends (2,588)                       (2,588)              
Common share dividends (16,402)                       (16,402)              
Distributions to noncontrolling interests (16,574)                             (16,574)        
Other comprehensive income (loss) 2,479                         1,584   895        
Net income (loss) 16,829                       4,394     12,435        
Balances (in shares) at Sep. 30, 2018           6,900,000                            
Balances (in shares) at Sep. 30, 2018               56,555,690                        
Balances at Sep. 30, 2018 $ 1,434,354         $ 172,500   $ 565   842,679     (87,903) 22,679   483,834        
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 equity units (in shares)               29,910                        
Redemptions of equity 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 income (loss) (9,315)                         (5,917)   (3,398)        
Net income (loss) 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 income (loss) (48,039)                                      
Net income (loss) $ 47,187                                      
Balances (in shares) at Sep. 30, 2019 8,727,119         8,727,119                            
Balances (in shares) at Sep. 30, 2019 59,328,388             59,328,388                        
Balances at Sep. 30, 2019 $ 1,457,206         $ 218,178   $ 593   901,530     (187,305) (17,294)   541,504        
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    
Issuance of shares, net of offering costs (in shares)             1,785,680   2,375,000                      
Issuance of shares, net of offering costs       $ 43,624 70,637   $ 44,642   $ 24   $ (1,018) 70,613                
Redemptions of equity units (in shares)               224,618                        
Redemptions of equity 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 income (loss) (20,352)                         (12,992)   (7,360)        
Net income (loss) 17,733                       (7,656)     25,389        
Balances (in shares) at Jun. 30, 2019           8,685,680                            
Balances (in shares) at Jun. 30, 2019               59,296,969                        
Balances at Jun. 30, 2019 1,498,784         $ 217,142   $ 593   901,499     (156,192) (5,466)   541,208        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Issuance of equity units   $ 950                             $ 950      
Redemptions of equity units (in shares)             41,439   32,951                      
Redemptions of equity units       $ 0 $ 0   $ 1,036   $ 0   $ 20 $ 277     $ (7)       $ (1,056) $ (270)
Effect of changes in ownership for consolidated entities 0                 (341)       (2)   343        
Equity-based compensation expense 1,153                 75           1,078        
Issuance of LTIP units for acquisition expenses 118                             118        
Vesting and forfeitures of restricted common shares, net (in shares)               (1,532)                        
Vesting and forfeitures of restricted common shares, net 0                 0                    
Reduction in receivables from partners of the operating partnership 137                             137        
Preferred share dividends (3,272)                       (3,272)              
Common share dividends (18,981)                       (18,981)              
Distributions to noncontrolling interests (19,825)                             (19,825)        
Other comprehensive income (loss) (18,372)                         (11,819)   (6,553)        
Net income (loss) $ 16,514                       (8,860)     25,374        
Balances (in shares) at Sep. 30, 2019 8,727,119         8,727,119                            
Balances (in shares) at Sep. 30, 2019 59,328,388             59,328,388                        
Balances at Sep. 30, 2019 $ 1,457,206         $ 218,178   $ 593   $ 901,530     $ (187,305) $ (17,294)   $ 541,504