Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

v3.19.3.a.u2
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Series A-1 preferred units, OP units, and subordinated performance units
OP units and subordinated performance units
Subordinated performance units
LTIP units
OP units
Preferred Shares
Preferred Shares
Preferred Shares
Common Shares
Common Shares
Common Shares
Additional Paid-in Capital
Additional Paid-in Capital
Preferred Shares
Additional Paid-in Capital
Common Shares
Distribution in Excess of Earnings
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
Common Shares
Noncontrolling Interests
Noncontrolling Interests
Preferred Shares
Noncontrolling Interests
Common Shares
Noncontrolling Interests
Series A-1 preferred units, OP units, and subordinated performance units
Noncontrolling Interests
OP units and subordinated performance units
Noncontrolling Interests
Subordinated performance units
Noncontrolling Interests
LTIP units
Noncontrolling Interests
OP units
Balances (in shares) at Dec. 31, 2016                 0                                  
Balances (in shares) at Dec. 31, 2016                     43,110,362                              
Balances at Dec. 31, 2016 $ 979,068               $ 0   $ 431   $ 576,365     $ (8,719) $ 9,025   $ 401,966              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Issuance of shares, net of offering costs (in shares)                   6,900,000   5,750,000                            
Issuance of shares, net of offering costs   $ 166,566 $ 140,261             $ 172,500   $ 58   $ (5,934) $ 140,203                      
OP equity recorded in connection with property acquisitions         $ 29,900   $ 854                               $ 29,900   $ 854  
Issuance of equity units           $ 7,000   $ 1,262                               $ 7,000   $ 1,262
Redemptions of units (in shares)                     1,409,715                              
Redemption of units 0                   $ 14   18,389       289   (18,692)              
Issuance of common shares, share based compensation plans (in shares)                     6,862                              
Issuance of common shares, share based compensation plans 0                                                  
Effect of changes in ownership for consolidated entities 0                       (17,749)       385   17,364              
Equity-based compensation expense 3,764                       244           3,520              
Issuance of LTIP units for acquisition expenses 15                                   15              
Issuance of restricted common shares (in shares)                     16,525                              
Issuance of restricted common shares 0                                                  
Vesting and forfeitures of restricted common shares, net (in shares)                     (8,530)                              
Vesting and forfeitures of restricted common shares, net (51)                       (51)                          
Reduction in receivables from partners of operating partnership 812                                   812              
Preferred share dividends (2,300)                             (2,300)                    
Common share dividends (47,671)                             (47,671)                    
Distributions to noncontrolling interests (58,234)                                   (58,234)              
Other comprehensive income (loss) 4,243                               2,583   1,660              
Net income 45,998                             2,961     43,037              
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 shares, net of offering costs (in shares)                       5,900,000                            
Issuance of shares, net of offering costs     175,616                 $ 59     175,557                      
OP equity recorded in connection with property acquisitions       $ 27,962                                   $ 27,962        
Issuance of equity units               1,236                                   1,236
Redemptions of units (in shares)                     462,778                              
Redemption of units 0                   $ 5   5,904       172   (6,081)              
Effect of changes in ownership for consolidated entities 0                       (48,830)       410   48,420              
Equity-based compensation expense 3,837                       253           3,584              
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)                     (6,014)                              
Vesting and forfeitures of restricted common shares, net (75)                       (75)                          
Reduction in receivables from partners of operating partnership 642                                   642              
Preferred share dividends (10,350)                             (10,350)                    
Common share dividends (62,152)                             (62,152)                    
Distributions to noncontrolling interests (64,011)                                   (64,011)              
Other comprehensive income (loss) 1,781                               754   1,027              
Net income $ 56,326                             14,109     42,217              
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 shares, net of offering costs (in shares)                   1,785,680   2,412,770                            
Issuance of shares, net of offering costs   43,624 71,891             $ 44,642   $ 24   (1,018) 71,867                      
OP equity recorded in connection with property acquisitions       $ 51,321                                   $ 51,321        
Issuance of equity units               $ 8,540                                   $ 8,540
Redemptions of units (in shares)                   41,439   581,001                            
Redemption of units   $ 0 $ 0             $ 1,036   $ 6   $ 20 $ 4,794     $ (41)   $ (1,056) $ (4,759)          
Effect of changes in ownership for consolidated entities 0                       (14,429)       (185)   14,614              
Equity-based compensation expense 4,527                       322           4,205              
Issuance of LTIP units for acquisition expenses 179                                   179              
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)                     (6,890)                              
Vesting and forfeitures of restricted common shares, net (69)                       (69)                          
Reduction in receivables from partners of operating partnership 505                                   505              
Preferred share dividends (12,390)                             (12,390)                    
Common share dividends (74,546)                             (74,546)                    
Distributions to noncontrolling interests (76,515)                                   (76,515)              
Other comprehensive income (loss) (33,278)                               (21,225)   (12,053)              
Net income $ 66,013                             3,983     62,030              
Balances (in shares) at Dec. 31, 2019 8,727,119               8,727,119                                  
Balances (in shares) at Dec. 31, 2019 59,659,108                   59,659,108                              
Balances at Dec. 31, 2019 $ 1,452,101               $ 218,178   $ 597   $ 905,763     $ (197,075) $ (7,833)   $ 532,471