v3.19.3.a.u2
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Subscriptions Receivable
Cumulative Distributions in Excess of Retained Earnings
Accumulated Other Comprehensive (Loss)/Income
Non-controlling Interests
Beginning Balance at Dec. 31, 2016 $ 998,537 $ 15 $ 1,009,431 $ (9,790) $ (89,960) $ 2,092 $ 86,749
Net income 59,555       54,799   4,756
Issuance of shares of common stock 313,490 4 303,711 9,775      
Other offering costs (1,380)   (1,380)        
Issuance of membership units 12,913           12,913
Distributions declared (92,768)       (85,119)   (7,649)
Change in fair value of interest rate swap agreements 4,166         3,834 332
Realized gain (loss) on interest rate swap agreements (873)         (804) (69)
Conversion of OP Units to shares of common stock     2,986       (2,986)
Redemption of shares of common stock, value (9,439)   (9,439)        
Adjustment of non-controlling interests     (3,330)       3,330
Ending Balance at Dec. 31, 2017 1,284,201 19 1,301,979 (15) (120,280) 5,122 97,376
Net income 75,105       69,375   5,730
Issuance of shares of common stock 268,496 3 268,478 $ 15      
Other offering costs (1,158)   (1,158)        
Issuance of OP Units 15,797           15,797
Distributions declared (112,969)       (104,245)   (8,724)
Change in fair value of interest rate swap agreements 10,584         9,762 822
Realized gain (loss) on interest rate swap agreements (84)         (78) (6)
Conversion of OP Units to shares of common stock     684       (684)
Redemption of shares of common stock, value (10,304)   (10,304)        
Cancellation of shares of common stock (748)   (748)        
Adjustment of non-controlling interests     (1,510)       1,510
Ending Balance at Dec. 31, 2018 1,528,920 22 1,557,421   (155,150) 14,806 111,821
Net income 85,114       79,394   5,720
Issuance of shares of common stock 395,091 5 395,086        
Other offering costs (1,649)   (1,649)        
Distributions declared (136,280)       (127,014)   (9,266)
Change in fair value of interest rate swap agreements (37,372)         (34,701) (2,671)
Realized gain (loss) on interest rate swap agreements (205)         (191) (14)
Redemption of shares of common stock, value (34,599) (1) (32,005)   (2,593)    
Redemption of shares of common stock of a related party (20,000)   (17,102)   (2,898)    
Adjustment of non-controlling interests     (5,816)       5,816
Ending Balance at Dec. 31, 2019 $ 1,779,020 $ 26 $ 1,895,935   $ (208,261) $ (20,086) $ 111,406