v3.20.2
Condensed Consolidated Statements of Stockholders' Equity and Mezzanine Equity (Unaudited) - USD ($)
$ in Thousands
Total
Mezzanine Equity Common Stock
Mezzanine Equity Non-controlling Interests
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, 2018 $ 1,528,920     $ 22 $ 1,557,421   $ (155,150) $ 14,806 $ 111,821
Net income 15,022           13,938   1,084
Issuance of shares of common stock 74,875     1 75,099 $ (225)      
Other offering costs (300)       (300)        
Distributions declared (31,983)           (29,635)   (2,348)
Change in fair value of interest rate swap agreements (12,624)             (11,713) (911)
Realized gain on interest rate swap agreements (81)             (75) (6)
Redemption of shares of common stock, value (1,803)       (1,803)        
Ending Balance at Mar. 31, 2019 1,572,026     23 1,630,417 (225) (170,847) 3,018 109,640
Net income 17,342           16,134   1,208
Issuance of shares of common stock 76,230     1 76,004 $ 225      
Other offering costs (300)       (300)        
Distributions declared (33,231)           (30,934)   (2,297)
Change in fair value of interest rate swap agreements (23,178)             (21,564) (1,614)
Realized gain on interest rate swap agreements (41)             (38) (3)
Redemption of shares of common stock, value (3,210)       (3,210)        
Ending Balance at Jun. 30, 2019 1,605,638     24 1,702,911   (185,647) (18,584) 106,934
Beginning Balance at Dec. 31, 2019 1,779,020     26 1,895,935   (208,261) (20,086) 111,406
Cumulative effect of accounting change (see Note 2) (323)           (323)    
Net income 11,526           10,816   710
Issuance of shares of common stock 6,097       6,097        
Adjustment to carrying value of mezzanine equity non-controlling interests (2,416)       (2,416)        
Distributions declared (37,399)           (35,299)   (2,100)
Change in fair value of interest rate swap agreements (56,486)             (53,014) (3,472)
Realized gain on interest rate swap agreements (40)             (38) (2)
Ending Balance at Mar. 31, 2020 1,699,979     26 1,899,616   (233,067) (73,138) 106,542
Beginning Balance at Dec. 31, 2019 0                
Net income 322   $ 322            
Issuance shares of mezzanine equity common stock 66,376 $ 66,376              
Issuance of mezzanine non-controlling interests 112,159   112,159            
Adjustment to carrying value of mezzanine equity non-controlling interests 2,416   2,416            
Distributions declared (1,161)   (1,161)            
Change in fair value of interest rate swap agreements (1,576)   (1,576)            
Realized gain on interest rate swap agreements (2)   (2)            
Ending Balance at Mar. 31, 2020 178,534 66,376 112,158            
Beginning Balance at Dec. 31, 2019 1,779,020     26 1,895,935   (208,261) (20,086) 111,406
Adjustment to carrying value of mezzanine equity non-controlling interests (2,513)                
Ending Balance at Jun. 30, 2020 1,698,112     26 1,899,751   (229,531) (78,613) 106,479
Beginning Balance at Dec. 31, 2019 0                
Ending Balance at Jun. 30, 2020 178,535 66,376 112,159            
Beginning Balance at Mar. 31, 2020 1,699,979     26 1,899,616   (233,067) (73,138) 106,542
Net income 16,345           15,353   992
Issuance of shares of common stock 232       232        
Adjustment to carrying value of mezzanine equity non-controlling interests (97)       (97)        
Distributions declared (12,518)           (11,817)   (701)
Change in fair value of interest rate swap agreements (5,789)             (5,438) (351)
Realized gain on interest rate swap agreements (40)             (37) (3)
Ending Balance at Jun. 30, 2020 1,698,112     $ 26 $ 1,899,751   $ (229,531) $ (78,613) $ 106,479
Beginning Balance at Mar. 31, 2020 178,534 66,376 112,158            
Net income 753   753            
Adjustment to carrying value of mezzanine equity non-controlling interests 97   97            
Distributions declared (581)   (581)            
Change in fair value of interest rate swap agreements (267)   (267)            
Realized gain on interest rate swap agreements (1)   (1)            
Ending Balance at Jun. 30, 2020 $ 178,535 $ 66,376 $ 112,159