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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Parent
Common Stock
Capital in Excess of Par Value
Cumulative Net Income
Accumulated OCI
Cumulative Distributions
Non-controlling Interests
Total
Balance at beginning of period at Dec. 31, 2021 $ 736,714 $ 394 $ 856,895 $ 1,444,636 $ (172) $ (1,565,039) $ 8,413 $ 745,127
Balance (in shares) at Dec. 31, 2021   39,374            
Equity activity                
Issuance of common stock 67,643 $ 18 67,625         67,643
Issuance of common stock (in shares)   1,792            
Issuance of restricted stock   $ 1 (1)          
Issuance of restricted stock (in shares)   135            
Net income 100,024     100,024     560 100,584
Stock-based compensation expense 7,964   7,964         7,964
Non-controlling interest distributions             (1,406) (1,406)
Non-controlling interests contributions             14,375 14,375
Common stock cash distributions (91,509)         (91,509)   (91,509)
Cash paid for taxes in lieu of common shares (1,355) $ (1) (1,354)         (1,355)
Cash paid for taxes in lieu of common shares (in shares)   (39)            
Fair market valuation adjustment for interest rate swap 8,891       8,891     8,891
Other (5)   (5)       (2) (7)
Balance at end of period at Dec. 31, 2022 828,367 $ 412 931,124 1,544,660 8,719 (1,656,548) 21,940 850,307
Balance (in shares) at Dec. 31, 2022   41,262            
Equity activity                
Issuance of common stock 53,688 $ 17 53,671         53,688
Issuance of common stock (in shares)   1,658            
Issuance of restricted stock   $ 1 (1)          
Issuance of restricted stock (in shares)   146            
Net income 89,735     89,735     1,727 91,462
Stock-based compensation expense 8,481   8,481         8,481
Non-controlling interest distributions             (1,644) (1,644)
Non-controlling interests contributions             12,965 12,965
Common stock cash distributions (94,764)         (94,764)   (94,764)
Cash paid for taxes in lieu of common shares (1,619)   (1,619)         (1,619)
Cash paid for taxes in lieu of common shares (in shares)   (43)            
Fair market valuation adjustment for interest rate swap (2,609)       (2,609)     (2,609)
Other (in shares)   (1)            
Balance at end of period at Dec. 31, 2023 881,279 $ 430 991,656 1,634,395 6,110 (1,751,312) 34,988 916,267
Balance (in shares) at Dec. 31, 2023   43,022            
Equity activity                
Issuance of common stock 82,404 $ 23 82,381         82,404
Issuance of common stock (in shares)   2,363            
Issuance of restricted stock   $ 2 (2)          
Issuance of restricted stock (in shares)   175            
Net income 91,040     91,040     3,839 94,879
Stock-based compensation expense 9,052   9,052         9,052
Vesting of performance-based stock units, including the payment of distributions (30)   (30)         (30)
Non-controlling interest distributions             (6,234) (6,234)
Non-controlling interests contributions             61,025 61,025
Transfer of joint venture partner's non-controlling interest to LTC 1,240   1,240       (1,240)  
Common stock cash distributions (100,530)         (100,530)   (100,530)
Cash paid for taxes in lieu of common shares (1,533)   (1,533)         (1,533)
Cash paid for taxes in lieu of common shares (in shares)   (49)            
Fair market valuation adjustment for interest rate swap (2,295)       (2,295)     (2,295)
Balance at end of period at Dec. 31, 2024 $ 960,627 $ 455 $ 1,082,764 $ 1,725,435 $ 3,815 $ (1,851,842) $ 92,378 $ 1,053,005
Balance (in shares) at Dec. 31, 2024   45,511