Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]

Schedule of Dividends Declared and Paid

The following table sets forth the dividends declared and/or paid during the periods presented:

Date Declared	Amount Per Share		Record Date	Payment Date
November 13, 2018	$	0.28	December 31, 2018	January 15, 2019
February 28, 2019	$	0.28	March 29, 2019	April 15, 2019
May 9, 2019	$	0.28	June 28, 2019	July 15, 2019
August 13, 2019	$	0.28	September 30, 2019	October 15, 2019
November 5, 2019	$	0.29	December 31, 2019	January 15, 2020
February 26, 2020	$	0.29	March 31, 2020	April 15, 2020

Summary of Activity in Accumulated Other Comprehensive Loss

The following tables set forth the activity in accumulated other comprehensive loss for three months ended March 31, 2020 and 2019 (in thousands):

	Gains or Losses on Derivative Instruments
Balance at January 1, 2020	$	(31,175	)
Other comprehensive loss before reclassifications		(74,774	)
Reclassification of realized interest on swap agreements		977
Net current period other comprehensive loss		(73,797	)
Net current period other comprehensive loss attributable to noncontrolling    interests		19,257
Balance at March 31, 2020	$	(85,715	)
Balance at January 1, 2019	$	516
Other comprehensive loss before reclassifications		(13,306	)
Reclassification of realized interest on swap agreements		(551	)
Net current period other comprehensive loss		(13,857	)
Net current period other comprehensive loss attributable to noncontrolling    interests		2,320
Balance at March 31, 2019	$	(11,021	)

Summary of Change in Noncontrolling Interest

The following tables summarize the change in the noncontrolling interests for three months ended March 31, 2020 and 2019 (dollars in thousands):

	Noncontrolling Interests in Operating Partnership (a)			Noncontrolling Interests in Partially-Owned Affiliates (b)			Total
Balance at January 1, 2020	$	97,670		$	546,987		$	644,657
Distributions declared of $0.29 per Common OP Unit		(1,849	)		—			(1,849	)
Net loss for the three months ended March 31, 2020		(336	)		(51,289	)		(51,625	)
Conversion of 147,882 Common OP Units to Common Shares by limited partners of the Operating Partnership		(2,472	)		—			(2,472	)
Other comprehensive loss - unrealized loss on valuation of swap agreements		(3,141	)		(16,388	)		(19,529	)
Cumulative effect of change in accounting principle (Note 1)		—			(11	)		(11	)
Reclassification of realized interest expense on swap agreements		7			265			272
Noncontrolling interest contributions		—			7,268			7,268
Noncontrolling interest distributions		—			(3,118	)		(3,118	)
Employee Long-term Incentive Plan Unit Awards		3,648			—			3,648
Reallocation of noncontrolling interests (c)		(145	)		—			(145	)
Balance at March 31, 2020	$	93,382		$	483,714		$	577,096
Balance at January 1, 2019	$	104,223		$	518,219		$	622,442
Distributions declared of $0.28 per Common OP Unit		(1,781	)		—			(1,781	)
Net income (loss) for the three months ended March 31, 2019		931			(10,192	)		(9,261	)
Conversion of 174,529 Common OP Units to Common Shares by limited partners of the Operating Partnership		(2,953	)		—			(2,953	)
Other comprehensive income - unrealized gain on valuation of swap agreements		(694	)		(1,605	)		(2,299	)
Reclassification of realized interest expense on swap agreements		(22	)		1			(21	)
Noncontrolling interest contributions		—			32,191			32,191
Noncontrolling interest distributions		—			(3,237	)		(3,237	)
Employee Long-term Incentive Plan Unit Awards		3,360			—			3,360
Reallocation of noncontrolling interests (c)		1,980			—			1,980
Balance at March 31, 2019	$	105,044		$	535,377		$	640,421

(a) Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 3,205,931 and 3,325,240 Common OP Units at March 31, 2020 and March 31, 2019; (ii) 188 Series A Preferred OP Units at March 31, 2020 and March 31, 2019; (iii) 126,593 and 136,593 Series C Preferred OP Units at March 31, 2020 and March 31, 2019; and (iv) 3,003,027 and 2,726,046 LTIP units at March 31, 2020 and March 31, 2019, respectively, as discussed in Share Incentive Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above.

(b) Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and Mervyns II, and six other subsidiaries.

(c) Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.