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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Shareholders’ Equity
Common Shares
Additional Paid-In Capital
Cumulative Distributions
Accumulated Earnings
Accumulated Other Comprehensive (Loss) Income
Non-controlling Interests
Balance (in shares) at Dec. 31, 2020     25,591,187          
Balance at Dec. 31, 2020 $ 1,608,272 $ 1,381,722 $ 26 $ 2,103,235 $ (813,892) $ 140,354 $ (48,001) $ 226,550
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Deferred equity compensation (in shares)     96,528          
Deferred equity compensation 8,889 8,889   8,889        
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (in shares)     (35,200)          
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (2,875) (2,875)   (2,875)        
Cash dividends to common shareholders (88,262) (88,262)     (88,262)      
Issuance/Reversal of shares for distribution reinvestment plan (in shares)     282,361          
Issuance of shares for distribution reinvestment plan 2,477 2,477   22,885 (20,408)      
Repurchase of common shares (in shares)     (248,159)          
Repurchase of common shares (20,172) (20,172)   (20,172)        
Reclass of noncontrolling interest subject to redemption (159)             (159)
Reclass of common shares subject to redemption 2,037 2,037   2,037        
Issuance of shares related to the CCIT II Merger (in shares)     10,384,185          
Issuance of shares related to the CCIT II Merger 838,315 838,315 $ 10 838,305        
Distributions to noncontrolling interest (10,942)             (10,942)
Distributions to noncontrolling interests subject to redemption (18)             (18)
Offering costs (43) (43)   (43)        
Net (loss) income 1,695 1,629       1,629   66
Other comprehensive income 32,449 29,293         29,293 3,156
Balance (in shares) at Dec. 31, 2021     36,070,902          
Balance at Dec. 31, 2021 2,371,663 2,153,010 $ 36 2,952,261 (922,562) 141,983 (18,708) 218,653
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Deferred equity compensation (in shares)     125,176          
Deferred equity compensation 9,573 9,573   9,573        
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (in shares)     (46,448)          
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (3,189) (3,189)   (3,189)        
Cash dividends to common shareholders (114,116) (114,116)     (114,116)      
Issuance/Reversal of shares for distribution reinvestment plan (in shares)     2          
Repurchase of common shares (in shares)     (149,730)          
Repurchase of common shares (9,999) (9,999)   (9,999)        
Exchange of noncontrolling interests               0
Reclass of noncontrolling interest subject to redemption 957             957
Reclass of redeemable noncontrolling interest               0
Distributions to noncontrolling interest (10,942)             (10,942)
Distributions to noncontrolling interests subject to redemption (17)             (17)
Offering costs (46) (46)   (46)        
Offering costs on preferred units 0              
Net (loss) income (451,623) (411,909)       (411,909)   (39,714)
Other comprehensive income $ 65,062 59,344         59,344 5,718
Balance (in shares) at Dec. 31, 2022 35,999,898   35,999,898          
Balance at Dec. 31, 2022 $ 1,857,323 1,682,668 $ 36 2,948,600 (1,036,678) (269,926) 40,636 174,655
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Deferred equity compensation (in shares)     172,603          
Deferred equity compensation 12,040 12,040   12,040        
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (in shares)     (114,420)          
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (2,625) (2,625)   (2,625)        
Cash dividends to common shareholders (39,322) (39,322)     (39,322)      
Share class conversion (in shares)     (69,988)          
Repurchase of common shares (in shares)     (896)          
Repurchase of common shares (60) (60)   (60)        
Exchange of noncontrolling interests (in shares)     316,948          
Exchange of noncontrolling interests 0 27,169   27,169       (27,169)
Reclass of noncontrolling interest subject to redemption 10             10
Reclass of redeemable noncontrolling interest 3,801             3,801
Distributions to noncontrolling interest (2,989)             (2,989)
Distributions to noncontrolling interests subject to redemption (728)             (728)
Offering costs (9) (9)   (9)        
Offering costs on preferred units 4,970 4,970   4,970        
Net (loss) income (612,483) (557,928)       (557,928)   (54,555)
Other comprehensive income $ (16,215) (14,819)         (14,819) (1,396)
Balance (in shares) at Dec. 31, 2023 36,304,145   36,304,145          
Balance at Dec. 31, 2023 $ 1,203,713 $ 1,112,084 $ 36 $ 2,990,085 $ (1,076,000) $ (827,854) $ 25,817 $ 91,629