v3.21.2
Condensed Consolidated Statement of Changes in Equity - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Retained Earnings/(Accumulated Deficit)
Non-controlling Interest
Common Stock
Common Stock
Total Stockholders' Equity
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Preferred Stock, Value, Outstanding $ 111,034                  
Beginning balance (in shares) at Dec. 31, 2019 38,647,943   38,647,943              
Beginning balance at Dec. 31, 2019 $ 868,699 $ 829,265 $ 39 $ 821,747 $ (103,555) $ 39,434        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (128,342) (127,457)     (127,457) (885)        
Stock Issued During Period, Shares, New Issues [1]             5,290,000      
Stock Issued During Period, Value, New Issues [1]             $ 95,292 $ 95,292 $ 5 $ 95,287
Shares Issued As Payment of Incentive Fee, Shares             637      
Shares Issued As Payment of Incentive Fee             $ 12 12 0 12
Contributions from non-controlling interests 3,487         3,487        
Dividends [2] (20,057) (19,748)     (19,748) (309)        
Dividends, Preferred Stock, Cash [3] (1,941) (1,941)     (1,941)          
Distributions to non-controlling interests (4,798)         (4,798)        
Adjustment to non-controlling interests   (545)   (545)   545        
Stock issued during period, shares, conversion of units     129,516              
Stock Issued During Period, Value, Conversion of Units   2,378   2,378   (2,378)        
Repurchase of shares of common stock (in shares)     (288,172)              
Repurchase of shares of common stock (3,035) (3,035)   (3,035)         0  
Share-based long term incentive plan unit awards 164 162   162   2        
Ending balance (in shares) at Mar. 31, 2020     43,779,924              
Ending balance at Mar. 31, 2020 $ 809,481 774,383 $ 44 916,006 (252,701) 35,098        
Beginning balance (in shares) at Dec. 31, 2019 38,647,943   38,647,943              
Beginning balance at Dec. 31, 2019 $ 868,699 829,265 $ 39 821,747 (103,555) 39,434        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (38,201)                  
Stock Issued During Period, Shares, New Issues 5,290,000                  
Shares Issued As Payment of Incentive Fee, Shares 637                  
Repurchase of shares of common stock (in shares) (290,050)                  
Repurchase of shares of common stock $ (3,100)                  
Ending balance (in shares) at Sep. 30, 2020 43,781,684   43,781,684              
Ending balance at Sep. 30, 2020 $ 872,277 835,130 $ 44 916,038 (191,986) 37,147        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Dividends declared (in usd per share) $ 0.97                  
Preferred Stock, Value, Outstanding $ 111,034                  
Beginning balance (in shares) at Mar. 31, 2020     43,779,924              
Beginning balance at Mar. 31, 2020 809,481 774,383 $ 44 916,006 (252,701) 35,098        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 40,439 39,219     39,219 1,220        
Contributions from non-controlling interests 2,895         2,895        
Dividends [2] (11,097) (10,945)     (10,945) (152)        
Dividends, Preferred Stock, Cash [3] (1,941) (1,941)     (1,941)          
Distributions to non-controlling interests (2,280)         (2,280)        
Share-based long term incentive plan unit awards $ 182 180   180   2        
Ending balance (in shares) at Jun. 30, 2020 43,779,924   43,779,924              
Ending balance at Jun. 30, 2020 $ 837,679 800,896 $ 44 916,186 (226,368) 36,783        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Preferred Stock, Value, Outstanding 111,034                  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 49,702 48,143     48,143 1,559        
Stock Issued During Period, Shares, New Issues 0                  
Shares Issued As Payment of Incentive Fee, Shares 0                  
Contributions from non-controlling interests $ 1,199         1,199        
Dividends [2] (11,987) (11,821)     (11,821) (166)        
Dividends, Preferred Stock, Cash [3] (1,940) (1,940)     (1,940)          
Distributions to non-controlling interests $ (2,541)         (2,541)        
Adjustment to non-controlling interests   (369)   (369)   369        
Stock issued during period, shares, conversion of units     3,638              
Stock Issued During Period, Value, Conversion of Units   59   59   (59)        
Repurchase of shares of common stock (in shares) (1,878)   (1,878)              
Repurchase of shares of common stock $ (21) (21)   (21)         0  
Share-based long term incentive plan unit awards $ 186 183   183   3        
Ending balance (in shares) at Sep. 30, 2020 43,781,684   43,781,684              
Ending balance at Sep. 30, 2020 $ 872,277 835,130 $ 44 916,038 (191,986) 37,147        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Dividends declared (in usd per share) $ 0.27                  
Preferred Stock, Dividends Per Share, Declared $ 0.421875                  
Preferred Stock, Value, Outstanding $ 111,034                  
Preferred Stock, Value, Outstanding $ 111,034                  
Beginning balance (in shares) at Dec. 31, 2020 43,781,684   43,781,684              
Beginning balance at Dec. 31, 2020 $ 921,572 885,215 $ 44 915,658 (141,521) 36,357        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 41,256 39,797     39,797 1,459        
Contributions from non-controlling interests 1,517         1,517        
Dividends [2] (13,334) (13,134)     (13,134) (200)        
Dividends, Preferred Stock, Cash [3] (1,941) (1,941)     (1,941)          
Distributions to non-controlling interests (5,923)         (5,923)        
Adjustment to non-controlling interests   (307)   (307)   307        
Share-based long term incentive plan unit awards 229 226   226   3        
Ending balance (in shares) at Mar. 31, 2021     43,781,684              
Ending balance at Mar. 31, 2021 $ 943,376 909,856 $ 44 915,577 (116,799) 33,520        
Beginning balance (in shares) at Dec. 31, 2020 43,781,684   43,781,684              
Beginning balance at Dec. 31, 2020 $ 921,572 885,215 $ 44 915,658 (141,521) 36,357        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 101,706                  
Stock Issued During Period, Shares, New Issues 7,852,900                  
Shares Issued As Payment of Incentive Fee, Shares 37,373                  
Repurchase of shares of common stock (in shares) 0                  
Ending balance (in shares) at Sep. 30, 2021 51,677,667   51,677,667              
Ending balance at Sep. 30, 2021 $ 1,095,270 1,063,326 $ 52 1,057,939 (105,699) 31,944        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Dividends declared (in usd per share) $ 1.19                  
Preferred Stock, Dividends Per Share, Declared $ 0.84375                  
Preferred Stock, Value, Outstanding $ 111,034                  
Beginning balance (in shares) at Mar. 31, 2021     43,781,684              
Beginning balance at Mar. 31, 2021 943,376 909,856 $ 44 915,577 (116,799) 33,520        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 36,469 34,595     34,595 1,874        
Contributions from non-controlling interests 5,931         5,931        
Dividends [2] (19,563) (19,265)     (19,265) (298)        
Dividends, Preferred Stock, Cash [3] (1,940) (1,940)     (1,940)          
Distributions to non-controlling interests (9,413)         (9,413)        
Share-based long term incentive plan unit awards $ 244 240   240   4        
Ending balance (in shares) at Jun. 30, 2021 43,781,684   43,781,684              
Ending balance at Jun. 30, 2021 $ 955,104 923,486 $ 44 915,817 (103,409) 31,618        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Preferred Stock, Value, Outstanding 111,034                  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 23,981 22,505     22,505 1,476        
Stock Issued During Period, Shares, New Issues 7,852,900           7,852,900 [1]      
Stock Issued During Period, Value, New Issues [1]             $ 141,303 141,303 8 141,295
Shares Issued As Payment of Incentive Fee, Shares 37,373           37,373      
Shares Issued As Payment of Incentive Fee             $ 716 $ 716 $ 0 $ 716
Contributions from non-controlling interests $ 4,030         4,030        
Dividends [2] (23,161) (22,854)     (22,854) (307)        
Dividends, Preferred Stock, Cash [3] (1,941) (1,941)     (1,941)          
Distributions to non-controlling interests $ (5,006)         (5,006)        
Adjustment to non-controlling interests   (234)   (234)   234        
Stock issued during period, shares, conversion of units     5,710              
Stock Issued During Period, Value, Conversion of Units   105   105   (105)        
Repurchase of shares of common stock (in shares) 0                  
Share-based long term incentive plan unit awards $ 244 240   240   4        
Ending balance (in shares) at Sep. 30, 2021 51,677,667   51,677,667              
Ending balance at Sep. 30, 2021 $ 1,095,270 $ 1,063,326 $ 52 $ 1,057,939 $ (105,699) $ 31,944        
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                    
Dividends declared (in usd per share) $ 0.45                  
Preferred Stock, Dividends Per Share, Declared $ 0.421875                  
Preferred Stock, Value, Outstanding $ 111,034                  
[1] Net of underwriters' discounts and commissions and offering costs.
[2] For the three-month periods ended September 30, 2021 and 2020, dividends totaling $0.45 and $0.27, respectively, per share of common stock and convertible unit outstanding, were declared. For the nine-month periods ended September 30, 2021 and 2020, dividends totaling $1.19 and $0.97, respectively, per share of common stock and convertible unit outstanding, were declared.
[3] For each of the three-month periods ended September 30, 2021 and 2020 dividends totaling $0.421875 per share of preferred stock were declared. For the nine-month periods ended September 30, 2021 and 2020 dividends totaling $1.265625 and $0.84375, respectively, per share of preferred stock were declared.