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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
PREFERRED SHARES
COMMON SHARES, $0.01 PAR VALUE
PAID IN CAPITAL
RETAINED EARNINGS
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
DISTRIBUTIONS
OPERATING PARTNERSHIP
PARTIALLY OWNED PROPERTIES
Balance, beginning of year at Dec. 31, 2018   $ 37,280 $ 3,694 $ 8,935,453 $ 1,261,763 $ (64,986)      
Balance, beginning of year at Dec. 31, 2018               $ 228,738 $ (2,293)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     2 4,869          
Exercise of share options     10 48,477          
Employee Share Purchase Plan (ESPP)       1,652          
Share-based employee compensation expense:                  
Restricted shares     2 7,980          
Share options       1,682          
ESPP discount       365          
Offering costs       (155)          
Supplemental Executive Retirement Plan (SERP)       (1,539)          
Change in market value of Redeemable Noncontrolling Interests –Operating Partnership $ 56,974     (56,974)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       7,771       (7,771)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     2 4,869          
Exercise of share options     10 48,477          
Employee Share Purchase Plan (ESPP)       1,652          
RETAINED EARNINGS                  
Net income attributable to controlling interests 413,507       413,507        
Common Share distributions         (420,916)        
Preferred Share distributions         (1,545)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (33,765)         (33,765)      
Losses reclassified into earnings from other comprehensive income (8,902)         8,902      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 1.135    
NONCONTROLLING INTERESTS                  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (4,871)  
Equity compensation associated with Noncontrolling Interests               10,829  
Net income attributable to Noncontrolling Interests 15,429             15,429 1,620
Distributions to Noncontrolling Interests               (15,079) (5,219)
Change in carrying value of Redeemable Noncontrolling Interests – Operating Partnership (45)             45  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       7,771       (7,771)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 15,429             15,429 1,620
Contributions by Noncontrolling Interests                 4,594
Distributions to Noncontrolling Interests               (15,079) (5,219)
Balance, end of period at Jun. 30, 2019   37,280 3,708 8,949,581 1,252,809 (89,849)      
Balance, end of period at Jun. 30, 2019               227,320 (1,298)
Balance, beginning of year at Mar. 31, 2019   37,280 3,705 8,925,882 1,155,032 (75,013)      
Balance, beginning of year at Mar. 31, 2019               225,081 (5,462)
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       84          
Exercise of share options     3 18,624          
Employee Share Purchase Plan (ESPP)       526          
Share-based employee compensation expense:                  
Restricted shares       3,404          
Share options       889          
ESPP discount       98          
Offering costs       (155)          
Supplemental Executive Retirement Plan (SERP)       (937)          
Change in market value of Redeemable Noncontrolling Interests –Operating Partnership       (1,953)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       3,119       (3,119)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       84          
Exercise of share options     3 18,624          
Employee Share Purchase Plan (ESPP)       526          
RETAINED EARNINGS                  
Net income attributable to controlling interests 308,968       308,968        
Common Share distributions         (210,419)        
Preferred Share distributions         (772)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (19,345)         (19,345)      
Losses reclassified into earnings from other comprehensive income (4,509)         4,509      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             0.5675    
NONCONTROLLING INTERESTS                  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (84)  
Equity compensation associated with Noncontrolling Interests               2,926  
Net income attributable to Noncontrolling Interests 11,510             11,510 821
Distributions to Noncontrolling Interests               (7,474) (1,251)
Change in carrying value of Redeemable Noncontrolling Interests – Operating Partnership               (1,520)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       3,119       (3,119)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 11,510             11,510 821
Contributions by Noncontrolling Interests                 4,594
Distributions to Noncontrolling Interests               (7,474) (1,251)
Balance, end of period at Jun. 30, 2019   37,280 3,708 8,949,581 1,252,809 (89,849)      
Balance, end of period at Jun. 30, 2019               227,320 (1,298)
Balance, beginning of year at Dec. 31, 2019 10,315,506 37,280 3,717 8,965,577 1,386,495 (77,563)      
Balance, beginning of year at Dec. 31, 2019 229,020             227,837 1,183
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     1 3,855          
Exercise of share options     2 11,320          
Employee Share Purchase Plan (ESPP)       2,359          
Share-based employee compensation expense:                  
Restricted shares     2 7,252          
Share options       1,293          
ESPP discount       416          
Supplemental Executive Retirement Plan (SERP)       (506)          
Change in market value of Redeemable Noncontrolling Interests –Operating Partnership (128,753)     128,753          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (1,987)       1,987  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     1 3,855          
Exercise of share options     2 11,320          
Employee Share Purchase Plan (ESPP)       2,359          
RETAINED EARNINGS                  
Net income attributable to controlling interests 569,494       569,494        
Common Share distributions         (448,750)        
Preferred Share distributions         (1,545)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (1,190)         (1,190)      
Losses reclassified into earnings from other comprehensive income (11,398)         11,398      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             1.205    
NONCONTROLLING INTERESTS                  
Issuance of restricted units to Noncontrolling Interests               12  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (3,856)  
Equity compensation associated with Noncontrolling Interests               7,026  
Net income attributable to Noncontrolling Interests 21,248             21,248 13,410
Distributions to Noncontrolling Interests               (17,037) (10,300)
Change in carrying value of Redeemable Noncontrolling Interests – Operating Partnership 2,048             (2,048)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (1,987)       1,987  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 21,248             21,248 13,410
Contributions by Noncontrolling Interests                 341
Distributions to Noncontrolling Interests               (17,037) (10,300)
Balance, end of period at Jun. 30, 2020 10,597,673 37,280 3,722 9,118,332 1,505,694 (67,355)      
Balance, end of period at Jun. 30, 2020 239,803             235,169 4,634
Balance, beginning of year at Mar. 31, 2020   37,280 3,721 9,092,441 1,469,821 (72,896)      
Balance, beginning of year at Mar. 31, 2020               235,580 4,739
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     1 2,011          
Exercise of share options       171          
Employee Share Purchase Plan (ESPP)       1,490          
Share-based employee compensation expense:                  
Restricted shares       3,231          
Share options       623          
ESPP discount       263          
Supplemental Executive Retirement Plan (SERP)       (655)          
Change in market value of Redeemable Noncontrolling Interests –Operating Partnership       17,304          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       1,453       (1,453)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     1 2,011          
Exercise of share options       171          
Employee Share Purchase Plan (ESPP)       1,490          
RETAINED EARNINGS                  
Net income attributable to controlling interests 260,888       260,888        
Common Share distributions         (224,243)        
Preferred Share distributions         (772)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (223)         (223)      
Losses reclassified into earnings from other comprehensive income (5,764)         5,764      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 0.6025    
NONCONTROLLING INTERESTS                  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (2,012)  
Equity compensation associated with Noncontrolling Interests               1,959  
Net income attributable to Noncontrolling Interests 9,713             9,713 880
Distributions to Noncontrolling Interests               (7,961) (985)
Change in carrying value of Redeemable Noncontrolling Interests – Operating Partnership               (657)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       1,453       (1,453)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 9,713             9,713 880
Distributions to Noncontrolling Interests               (7,961) (985)
Balance, end of period at Jun. 30, 2020 10,597,673 $ 37,280 $ 3,722 $ 9,118,332 $ 1,505,694 $ (67,355)      
Balance, end of period at Jun. 30, 2020 $ 239,803             $ 235,169 $ 4,634