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v3.19.3

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) |  |  | 1,117,250 |  |  |
Issuance of shares, net of offering costs | 23,847 | 23,847 | $ 15 | 23,832 |  |
Amortization of share based compensation | 2,786 | 94 |  | 94 |  | 2,692
Dividends declared on common shares | (45,553) | (45,553) |  |  | (45,553) |
Distributions declared on LTIP units | (878) |  |  |  |  | (878)
Forfeited distributions declared on LTIP units | 652 |  |  |  |  | 652
Net income | 31,044 | 30,813 |  |  | 30,813 | 231
Ending Balance (in shares) at Sep. 30, 2018 |  |  | 46,514,186 |  |  |
Ending Balance at Sep. 30, 2018 | 822,178 | 812,863 | $ 465 | 896,156 | (83,758) | 9,315
Beginning Balance (in shares) at Jun. 30, 2018 |  |  | 45,876,812 |  |  |
Beginning Balance at Jun. 30, 2018 | 808,678 | 800,132 | $ 459 | 882,752 | (83,079) | 8,546
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |
Issuance of shares, net of offering costs (in shares) |  |  | 637,374 |  |  |
Issuance of shares, net of offering costs | 13,422 | 13,422 | $ 6 | 13,416 |  |
Amortization of share based compensation | 923 | 8 |  | 8 |  | 915
Dividends declared on common shares | (15,259) | (15,259) |  |  | (15,259) |
Distributions declared on LTIP units | (277) |  |  |  |  | (277)
Reallocation of noncontrolling interest | 0 | (20) |  | (20) |  | (20)
Net income | 14,691 | 14,580 |  |  | 14,580 | 111
Ending Balance (in shares) at Sep. 30, 2018 |  |  | 46,514,186 |  |  |
Ending Balance at Sep. 30, 2018 | 822,178 | 812,863 | $ 465 | 896,156 | (83,758) | 9,315
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) |  |  | 369,414 |  |  |
Issuance of shares, net of offering costs | 6,994 | 6,994 | $ 4 | 6,990 |  |
Amortization of share based compensation | 3,171 | 47 |  | 47 |  | 3,124
Dividends declared on common shares | (46,298) | (46,298) |  |  | (46,298) |
Distributions declared on LTIP units | (1,001) |  |  |  |  | (1,001)
Reallocation of noncontrolling interest | 0 | 337 |  | 337 |  | (337)
Net income | 21,251 | 21,052 |  |  | 21,052 | 199
Ending Balance (in shares) at Sep. 30, 2019 |  |  | 46,922,936 |  |  |
Ending Balance at Sep. 30, 2019 | 792,035 | 780,098 | $ 469 | 904,160 | (124,531) | 11,937
Beginning Balance (in shares) at Jun. 30, 2019 |  |  | 46,918,383 |  |  |
Beginning Balance at Jun. 30, 2019 | 796,597 | 785,489 | $ 469 | 904,069 | (119,049) | 11,108
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |
Issuance of shares, net of offering costs (in shares) |  |  | 4,553 |  |  |
Issuance of shares, net of offering costs | 75 | 75 | $ 0 | 75 |  |
Amortization of share based compensation | 1,099 | 16 |  | 16 |  | 1,083
Dividends declared on common shares | (15,484) | (15,484) |  |  | (15,484) |
Distributions declared on LTIP units | (350) |  |  |  |  | (350)
Net income | 10,098 | 10,002 |  |  | 10,002 | 96
Ending Balance (in shares) at Sep. 30, 2019 |  |  | 46,922,936 |  |  |
Ending Balance at Sep. 30, 2019 | $ 792,035 | $ 780,098 | $ 469 | $ 904,160 | $ (124,531) | $ 11,937

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