XML 19 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Distributions in Excess of Earnings
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022     4,760,000 209,374,830        
Beginning Balance at Dec. 31, 2022 $ 1,596,178 $ 1,589,881 $ 48 $ 2,094 $ 2,288,433 $ 0 $ (700,694) $ 6,297
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 9,188 9,156         9,156 32
Unrealized (loss) gain on interest rate derivative instruments (84) (84)       (84)    
Unrealized gain on Rabbi Trust assets 237 237       237    
Distributions on common stock (6,327) (6,295)         (6,295) (32)
Distributions on preferred stock (2,454) (2,454)         (2,454)  
Share-based compensation (in shares)       804,541        
Share-based compensation 1,967 1,827     1,827     140
Shares redeemed to satisfy withholdings on vested share based compensation (in shares)       (333,779)        
Shares redeemed to satisfy withholdings on vested share based compensation (3,023) (3,023)   $ 6 (3,029)      
Common stock repurchased and retired (in shares)       (56,400)        
Common stock repurchased and retired (409) (409)   $ (2) (407)      
Ending balance (in shares) at Mar. 31, 2023     4,760,000 209,789,192        
Ending Balance at Mar. 31, 2023 1,595,273 1,588,836 $ 48 $ 2,098 2,286,824 153 (700,287) 6,437
Beginning balance (in shares) at Dec. 31, 2022     4,760,000 209,374,830        
Beginning Balance at Dec. 31, 2022 1,596,178 1,589,881 $ 48 $ 2,094 2,288,433 0 (700,694) 6,297
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 48,322              
Unrealized gain on Rabbi Trust assets 447              
Ending balance (in shares) at Jun. 30, 2023     4,760,000 209,589,638        
Ending Balance at Jun. 30, 2023 1,630,057 1,623,258 $ 48 $ 2,095 2,287,348 3,830 (670,063) 6,799
Beginning balance (in shares) at Mar. 31, 2023     4,760,000 209,789,192        
Beginning Balance at Mar. 31, 2023 1,595,273 1,588,836 $ 48 $ 2,098 2,286,824 153 (700,287) 6,437
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 39,134 38,965         38,965 169
Unrealized (loss) gain on interest rate derivative instruments 3,467 3,467       3,467    
Unrealized gain on Rabbi Trust assets 210 210       210    
Distributions on common stock (6,319) (6,287)         (6,287) (32)
Distributions on preferred stock (2,454) (2,454)         (2,454)  
Share-based compensation (in shares)       62,500        
Share-based compensation 2,760 2,535     2,535     225
Common stock repurchased and retired (in shares)       (262,054)        
Common stock repurchased and retired (2,014) (2,014)   $ (3) (2,011)      
Ending balance (in shares) at Jun. 30, 2023     4,760,000 209,589,638        
Ending Balance at Jun. 30, 2023 1,630,057 1,623,258 $ 48 $ 2,095 2,287,348 3,830 (670,063) 6,799
Beginning balance (in shares) at Dec. 31, 2023     4,760,000 209,627,197        
Beginning Balance at Dec. 31, 2023 1,648,983 1,642,075 $ 48 $ 2,096 2,291,297 (2,036) (649,330) 6,908
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 8,358 8,328         8,328 30
Unrealized (loss) gain on interest rate derivative instruments 960 957       957   3
Unrealized gain on Rabbi Trust assets 299 298       298   1
Distributions on common stock (6,332) (6,301)         (6,301) (31)
Distributions on preferred stock (2,454) (2,454)         (2,454)  
Share-based compensation (in shares)       753,860        
Share-based compensation 2,335 1,902   $ 7 1,895     433
Shares redeemed to satisfy withholdings on vested share based compensation (in shares)       (316,624)        
Shares redeemed to satisfy withholdings on vested share based compensation (2,907) (2,907)   $ (3) (2,904)      
Ending balance (in shares) at Mar. 31, 2024     4,760,000 210,064,433        
Ending Balance at Mar. 31, 2024 1,649,242 1,641,898 $ 48 $ 2,100 2,290,288 (781) (649,757) 7,344
Beginning balance (in shares) at Dec. 31, 2023     4,760,000 209,627,197        
Beginning Balance at Dec. 31, 2023 1,648,983 1,642,075 $ 48 $ 2,096 2,291,297 (2,036) (649,330) 6,908
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 32,989              
Unrealized gain on Rabbi Trust assets 352              
Ending balance (in shares) at Jun. 30, 2024     4,760,000 207,918,179        
Ending Balance at Jun. 30, 2024 1,649,032 1,640,354 $ 48 $ 2,079 2,274,223 (2,077) (633,919) 8,678
Beginning balance (in shares) at Mar. 31, 2024     4,760,000 210,064,433        
Beginning Balance at Mar. 31, 2024 1,649,242 1,641,898 $ 48 $ 2,100 2,290,288 (781) (649,757) 7,344
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 24,631 24,530         24,530 101
Unrealized (loss) gain on interest rate derivative instruments (1,354) (1,349)       (1,349)   (5)
Unrealized gain on Rabbi Trust assets 53 53       53    
Distributions on common stock (6,272) (6,238)         (6,238) (34)
Distributions on preferred stock (2,454) (2,454)         (2,454)  
Share-based compensation (in shares)       503,457        
Share-based compensation 7,527 6,255   $ 5 6,250     1,272
Shares redeemed to satisfy withholdings on vested share based compensation (in shares)       (195,404)        
Shares redeemed to satisfy withholdings on vested share based compensation (1,731) (1,731)   $ (2) (1,729)      
Common stock repurchased and retired (in shares)       (2,454,307)        
Common stock repurchased and retired (20,610) (20,610)   $ (24) (20,586)      
Ending balance (in shares) at Jun. 30, 2024     4,760,000 207,918,179        
Ending Balance at Jun. 30, 2024 $ 1,649,032 $ 1,640,354 $ 48 $ 2,079 $ 2,274,223 $ (2,077) $ (633,919) $ 8,678