Equity (Tables)

6 Months Ended

Jun. 30, 2021

Stockholders' Equity Note [Abstract]

Schedule of 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:

	Six Months Ended June 30,
(In thousands)	2021		2020
Net income attributable to common stockholders	$	27,798	$	28,953
Transfers from noncontrolling interests:
Exchange of OP Units with noncontrolling interests	111		90
Repurchase of OP Units from noncontrolling interests	(48)		(4)
Net transfers from noncontrolling interests	63		86
Change from net income attributable to common stockholders and transfers from noncontrolling interests	$	27,861	$	29,039

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:

	Six Months Ended June 30,
(In thousands)	2021		2020
Beginning balance	$	(148,035)	$	(17,462)
Consolidated derivatives:
Other comprehensive income (loss) before reclassifications	44,219		(241,189)
Reclassification of loss from AOCI to Interest Expense	36,602		13,373
Unconsolidated Fund's derivatives (our share)(2):
Other comprehensive loss before reclassifications	(1)		(403)
Reclassification of loss (gain) from AOCI to Income from unconsolidated Fund	46		(35)
Net current period OCI	80,866		(228,254)
OCI attributable to noncontrolling interests	(26,176)		66,245
OCI attributable to common stockholders	54,690		(162,009)
Ending balance	$	(93,345)	$	(179,471)

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(1)See Note 10 for the details of our derivatives and Note 13 for our derivative fair value disclosures.

(2)We calculate our share by multiplying the total amount for the Fund by our equity interest in the Fund.

Schedule of Stock-based Compensation Expense

The table below presents our stock-based compensation expense:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2021		2020		2021		2020
Stock-based compensation expense, net	$	2,347	$	2,812	$	5,041	$	5,753
Capitalized stock-based compensation	$	759	$	751	$	1,474	$	1,610