Equity (Tables)

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

Net Income Attributable to Common Stockholders and Transfers (to) from Noncontrolling Interests

The table below presents the effect on our equity from net income attributable to common stockholders and changes in our ownership interest in our Operating Partnership:

	Year Ended December 31,
(In thousands)	2019			2018			2017
Net income attributable to common stockholders	$	363,713		$	116,086		$	94,443
Transfers from noncontrolling interests:
Exchange of OP Units with noncontrolling interests	3,540			10,292			14,242
Repurchase of OP Units from noncontrolling interests	(431		)	(59		)	(6,764		)
Net transfers from noncontrolling interests	3,109			10,233			7,478
Change from net income attributable to common stockholders and transfers from noncontrolling interests	$	366,822		$	126,319		$	101,921

Schedule of Accumulated Other Comprehensive Income (Loss)

The table below presents a reconciliation of our AOCI, which consists solely of adjustments related to derivatives designated as cash flow hedges:

	Year Ended December 31,
(In thousands)	2019			2018			2017
Beginning balance	$	53,944		$	43,099		$	15,156
Adoption of ASU 2017-12 - cumulative opening balance adjustment	—			211			—
Consolidated derivatives:
Other comprehensive (loss) gain before reclassifications	(76,273		)	22,723			16,512
Reclassification of (gain) loss from AOCI to Interest Expense	(24,298		)	(10,103		)	13,976
Unconsolidated Funds' derivatives (our share)(2):
Other comprehensive (loss) gain before reclassifications	(5,023		)	3,052			3,275
Reclassification of (gain) loss from AOCI to Income from unconsolidated Funds	(1,698		)	(813		)	527
Net current period OCI	(107,292		)	15,070			34,290
OCI attributable to noncontrolling interests	35,886			(4,225		)	(6,347		)
OCI attributable to common stockholders	(71,406		)	10,845			27,943
Ending balance	$	(17,462	)	$	53,944		$	43,099

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(1) See Note 10 for the details of our derivatives and Note 14 for our derivative fair value disclosures.

(2)

We calculate our share by multiplying the total amount for each Fund by our equity interest in the respective Fund.

Common Stock Dividends Classification for United States Federal Income Tax Purposes

Our common stock dividends paid during 2019 are classified for federal income tax purposes as follows:

Record Date	Paid Date	Dividend Per Share		Ordinary Income %		Capital Gain %		Return of Capital %		Section 199A Dividend %
12/31/2018	1/15/2019	$	0.26	51.8	%	—	%	48.2	%	51.8	%
3/29/2019	4/16/2019	0.26		51.8	%	—	%	48.2	%	51.8	%
6/28/2019	7/12/2019	0.26		51.8	%	—	%	48.2	%	51.8	%
9/30/2019	10/16/2019	0.26		51.8	%	—	%	48.2	%	51.8	%
Total / Weighted Average		$	1.04	51.8	%	—	%	48.2	%	51.8	%