Equity (Tables)

12 Months Ended

Dec. 31, 2020

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)	2020		2019		2018
Net income attributable to common stockholders	$	50,421	$	363,713	$	116,086
Transfers from noncontrolling interests:
Exchange of OP Units with noncontrolling interests	1,535		3,540		10,292
Repurchase of OP Units from noncontrolling interests	(4)		(431)		(59)
Net transfers from noncontrolling interests	1,531		3,109		10,233
Change from net income attributable to common stockholders and transfers from noncontrolling interests	$	51,952	$	366,822	$	126,319

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)	2020		2019		2018
Beginning balance	$	(17,462)	$	53,944	$	43,099
Adoption of ASU 2017-12 - cumulative opening balance adjustment	—		—		211
Consolidated derivatives:
Other comprehensive (loss) gain before reclassifications	(232,652)		(76,273)		22,723
Reclassification of loss (gain) from AOCI to Interest Expense	49,435		(24,298)		(10,103)
Unconsolidated Funds' derivatives (our share)(2):
Other comprehensive (loss) gain before reclassifications	(410)		(5,023)		3,052
Reclassification of loss (gain) from AOCI to Income from unconsolidated Funds	106		(1,698)		(813)
Net current period OCI	(183,521)		(107,292)		15,070
OCI attributable to noncontrolling interests	52,948		35,886		(4,225)
OCI attributable to common stockholders	(130,573)		(71,406)		10,845
Ending balance	$	(148,035)	$	(17,462)	$	53,944

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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 2020 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 %
12/31/2019	1/15/2020	$	0.28	49.8	%	—	%	50.2	%	49.8	%
3/31/2020	4/15/2020	0.28		49.8	%	—	%	50.2	%	49.8	%
6/30/2020	7/15/2020	0.28		49.8	%	—	%	50.2	%	49.8	%
9/30/2020	10/15/2020	0.28		49.8	%	—	%	50.2	%	49.8	%
Total / Weighted Average		$	1.12	49.8	%	—	%	50.2	%	49.8	%