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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Series C Cumulative Redeemable Preferred Stock
Common stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive (Loss) Income
Units in the Operating Partnership
Non-controlling Interest—Members in Consolidated Real Estate Entities
Beginning balance at Dec. 31, 2021 $ 4,196,992 $ 425,000 $ 1,511 $ 3,317,072 $ 0 $ (1,761) $ 52,199 $ 402,971
Beginning balance (in shares) at Dec. 31, 2021     151,124,543          
Ending balance at Mar. 31, 2022 3,943,464 425,000 $ 1,445 3,063,500 0 (676) 55,254 398,941
Ending balance (in shares) at Mar. 31, 2022     144,559,168          
Beginning balance at Dec. 31, 2021 4,196,992 425,000 $ 1,511 3,317,072 0 (1,761) 52,199 402,971
Beginning balance (in shares) at Dec. 31, 2021     151,124,543          
Increase (Decrease) in Stockholders' Equity                
Contributions 15,457             15,457
Distributions (49,363)             (49,363)
Transaction costs (214)     (214)        
Issuance of unrestricted stock (in shares)     32,861          
Shares repurchased (in shares)     (2,105,359)          
Shares repurchased (37,206)   $ (21) (37,185)        
Accelerated share repurchase (in shares)     (7,442,709)          
Accelerated share repurchase (200,000)   $ (75) (199,925)        
Declared dividend (83,685) (10,337)   (98,625) 26,635   (1,358)  
Amortization of stock-based compensation 13,111     4,543     8,568  
Net income (loss) (979) 10,337     (26,635)   (323) 15,642
Other comprehensive income (loss) (5,384)         (5,290) (94)  
Ending balance at Jun. 30, 2022 3,848,729 425,000 $ 1,415 2,985,666 0 (7,051) 58,992 384,707
Ending balance (in shares) at Jun. 30, 2022     141,609,336          
Beginning balance at Mar. 31, 2022 3,943,464 425,000 $ 1,445 3,063,500 0 (676) 55,254 398,941
Beginning balance (in shares) at Mar. 31, 2022     144,559,168          
Increase (Decrease) in Stockholders' Equity                
Contributions 12,833             12,833
Distributions (34,148)             (34,148)
Transaction costs (138)     (138)        
Issuance of unrestricted stock (in shares)     24,564          
Shares repurchased (in shares)     (2,105,359)          
Shares repurchased (37,206)   $ (21) (37,185)        
Accelerated share repurchase (in shares)     (869,037)          
Accelerated share repurchase 0   $ (9) 9        
Declared dividend (41,453) (5,047)   (42,863) 7,136   (679)  
Amortization of stock-based compensation 6,966     2,343     4,623  
Net income (loss) 4,899 5,047     (7,136)   (93) 7,081
Other comprehensive income (loss) (6,488)         (6,375) (113)  
Ending balance at Jun. 30, 2022 3,848,729 425,000 $ 1,415 2,985,666 0 (7,051) 58,992 384,707
Ending balance (in shares) at Jun. 30, 2022     141,609,336          
Beginning balance at Dec. 31, 2022 $ 3,749,831 425,000 $ 1,409 2,889,967 0 (11,272) 66,971 377,756
Beginning balance (in shares) at Dec. 31, 2022 141,054,478   141,054,478          
Increase (Decrease) in Stockholders' Equity                
Contributions $ 14,205             14,205
Distributions (38,439)             (38,439)
Issuance of unrestricted stock (in shares)     82,861          
Shares repurchased (in shares)     (187,400)          
Shares repurchased (1,369)   $ (6) (1,363)        
Shares withheld to satisfy tax withholding obligations (in shares)     (12,237)          
Shares withheld to satisfy tax withholding obligations (87)     (87)        
Declared dividend (65,054) (10,094)   (108,959) 55,738   (1,739)  
Amortization of stock-based compensation 12,901     4,300     8,601  
Net income (loss) (45,195) 10,094     (55,738)   (928) 1,377
Other comprehensive income (loss) 18,559         17,685 503 371
Ending balance at Jun. 30, 2023 $ 3,645,352 425,000 $ 1,403 2,783,858 0 6,413 73,408 355,270
Ending balance (in shares) at Jun. 30, 2023 140,937,702   140,937,702          
Beginning balance at Mar. 31, 2023 $ 3,698,882 425,000 $ 1,403 2,835,061 0 (8,147) 69,605 375,960
Beginning balance (in shares) at Mar. 31, 2023     140,888,769          
Increase (Decrease) in Stockholders' Equity                
Contributions 7,708             7,708
Distributions (28,880)             (28,880)
Issuance of unrestricted stock (in shares)     48,933          
Declared dividend (23,342) (5,047)   (53,591) 35,866   (570)  
Amortization of stock-based compensation 6,993     2,388     4,605  
Net income (loss) (31,119) 5,047     (35,866)   (646) 346
Other comprehensive income (loss) 15,110         14,560 414 136
Ending balance at Jun. 30, 2023 $ 3,645,352 $ 425,000 $ 1,403 $ 2,783,858 $ 0 $ 6,413 $ 73,408 $ 355,270
Ending balance (in shares) at Jun. 30, 2023 140,937,702   140,937,702