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v3.19.2

Consolidated Statements of Equity - USD ($) $ in Thousands | Total | Total Shareholders’ Equity | Common Shares | Additional Paid - In Capital | Retained earnings (distributions in excess of retained earnings) | Noncontrolling Interest in Operating Partnership
--- | --- | --- | --- | --- | --- | ---
Beginning Balance (in shares) at Dec. 31, 2017 |  |  | 45,375,266 |  |  |
Beginning Balance at Dec. 31, 2017 | $ 809,780 | $ 803,162 | $ 450 | $ 871,730 | $ (69,018) | $ 6,618
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |
Issuance of shares pursuant to Equity Incentive Plan (in shares) |  |  | 21,670 |  |  |
Issuance of shares pursuant to Equity Incentive Plan | 500 | 500 |  | 500 |  |
Issuance of shares, net of offering costs (in shares) |  |  | 479,876 |  |  |
Issuance of shares, net of offering costs | 10,425 | 10,425 | $ 9 | 10,416 |  |
Amortization of share based compensation | 1,863 | 86 |  | 86 |  | 1,777
Dividends declared on common shares | (30,294) | (30,294) |  |  | (30,294) |
Distributions declared on LTIP units | (601) |  |  |  |  | (601)
Forfeited distributions declared on LTIP units | 652 |  |  |  |  | 652
Reallocation of noncontrolling interest | 0 | 20 |  | 20 |  | (20)
Net income | 16,353 | 16,233 |  |  | 16,233 | 120
Ending Balance (in shares) at Jun. 30, 2018 |  |  | 45,876,812 |  |  |
Ending Balance at Jun. 30, 2018 | 808,678 | 800,132 | $ 459 | 882,752 | (83,079) | 8,546
Beginning Balance (in shares) at Mar. 31, 2018 |  |  | 45,869,600 |  |  |
Beginning Balance at Mar. 31, 2018 | 808,798 | 801,734 | $ 459 | 882,586 | (81,311) | 7,064
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |
Issuance of shares, net of offering costs (in shares) |  |  | 7,212 |  |  |
Issuance of shares, net of offering costs | 143 | 143 |  | 143 |  |
Amortization of share based compensation | 1,071 | 22 |  | 22 |  | 1,049
Dividends declared on common shares | (15,153) | (15,153) |  |  | (15,153) |
Distributions declared on LTIP units | (318) |  |  |  |  | (318)
Forfeited distributions declared on LTIP units | 652 |  |  |  |  | 652
Reallocation of noncontrolling interest | 0 | 1 |  | 1 |  | 1
Net income | 13,485 | 13,385 |  |  | 13,385 | 100
Ending Balance (in shares) at Jun. 30, 2018 |  |  | 45,876,812 |  |  |
Ending Balance at Jun. 30, 2018 | 808,678 | 800,132 | $ 459 | 882,752 | (83,079) | 8,546
Beginning Balance (in shares) at Dec. 31, 2018 |  |  | 46,525,652 |  |  |
Beginning Balance at Dec. 31, 2018 | 807,418 | 797,466 | $ 465 | 896,286 | (99,285) | 9,952
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |
Issuance of shares pursuant to Equity Incentive Plan (in shares) |  |  | 27,870 |  |  |
Issuance of shares pursuant to Equity Incentive Plan | 500 | 500 |  | 500 |  |
Issuance of shares, net of offering costs (in shares) |  |  | 364,861 |  |  |
Issuance of shares, net of offering costs | 6,919 | 6,919 | $ 4 | 6,915 |  |
Amortization of share based compensation | 2,072 | 31 |  | 31 |  | 2,041
Dividends declared on common shares | (30,814) | (30,814) |  |  | (30,814) |
Distributions declared on LTIP units | (651) |  |  |  |  | (651)
Reallocation of noncontrolling interest | 0 | 337 |  | 337 |  | (337)
Net income | 11,153 | 11,050 |  |  | 11,050 | 103
Ending Balance (in shares) at Jun. 30, 2019 |  |  | 46,918,383 |  |  |
Ending Balance at Jun. 30, 2019 | 796,597 | 785,489 | $ 469 | 904,069 | (119,049) | 11,108
Beginning Balance (in shares) at Mar. 31, 2019 |  |  | 46,571,005 |  |  |
Beginning Balance at Mar. 31, 2019 | 794,917 | 784,588 | $ 466 | 897,161 | (113,039) | 10,329
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |
Issuance of shares, net of offering costs (in shares) |  |  | 347,378 |  |  |
Issuance of shares, net of offering costs | 6,826 | 6,826 | $ 3 | 6,823 |  |
Amortization of share based compensation | 1,125 | 15 |  | 15 |  | 1,110
Dividends declared on common shares | (15,447) | (15,447) |  |  | (15,447) |
Distributions declared on LTIP units | (349) |  |  |  |  | (349)
Reallocation of noncontrolling interest | 0 | 70 |  | 70 |  | (70)
Net income | 9,525 | 9,437 |  |  | 9,437 | 88
Ending Balance (in shares) at Jun. 30, 2019 |  |  | 46,918,383 |  |  |
Ending Balance at Jun. 30, 2019 | $ 796,597 | $ 785,489 | $ 469 | $ 904,069 | $ (119,049) | $ 11,108

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