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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, 2020   $ 37,280 $ 3,723 $ 9,128,599 $ 1,399,715 $ (43,666)      
Balance, beginning of year at Dec. 31, 2020               $ 233,162 $ 4,673
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     11 66,649          
Exercise of share options     8 39,615          
Employee Share Purchase Plan (ESPP)     1 2,666          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     1 4,813          
Share options       1,976          
ESPP discount       633          
Supplemental Executive Retirement Plan (SERP)       (2,057)          
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership $ 101,966     (101,966)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (30,807)       30,807  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     11 66,649          
Exercise of share options     8 39,615          
Employee Share Purchase Plan (ESPP)     1 2,666          
RETAINED EARNINGS                  
Net income attributable to controlling interests 373,925       373,925        
Common Share distributions         (450,220)        
Preferred Share distributions         (1,545)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Losses reclassified into earnings from other comprehensive income (4,637)         4,637      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 1.205    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     1 4,813          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (66,660)  
Equity compensation associated with Noncontrolling Interests               10,531  
Net income attributable to Noncontrolling Interests 13,056             13,056 1,423
Distributions to Noncontrolling Interests               (15,999) (3,731)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (794)             794  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (30,807)       30,807  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 13,056             13,056 1,423
Distributions to Noncontrolling Interests               (15,999) (3,731)
Balance, end of period at Jun. 30, 2021   37,280 3,744 9,110,121 1,321,875 (39,029)      
Balance, end of period at Jun. 30, 2021               205,691 2,365
Balance, beginning of year at Mar. 31, 2021   37,280 3,729 9,083,346 1,231,808 (41,363)      
Balance, beginning of year at Mar. 31, 2021               234,969 2,472
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares     11 66,649          
Exercise of share options     3 16,738          
Employee Share Purchase Plan (ESPP)     1 935          
Share-based employee compensation expense:                  
Issuance of restricted units/shares       2,540          
Share options       988          
ESPP discount       189          
Supplemental Executive Retirement Plan (SERP)       (828)          
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership       (29,010)          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (31,426)       31,426  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares     11 66,649          
Exercise of share options     3 16,738          
Employee Share Purchase Plan (ESPP)     1 935          
RETAINED EARNINGS                  
Net income attributable to controlling interests 316,386       316,386        
Common Share distributions         (225,547)        
Preferred Share distributions         (772)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Losses reclassified into earnings from other comprehensive income (2,334)         2,334      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             0.6025    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       2,540          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (66,660)  
Equity compensation associated with Noncontrolling Interests               4,043  
Net income attributable to Noncontrolling Interests 10,913             10,913 741
Distributions to Noncontrolling Interests               (7,410) (848)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               (1,590)  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       (31,426)       31,426  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 10,913             10,913 741
Distributions to Noncontrolling Interests               (7,410) (848)
Balance, end of period at Jun. 30, 2021   37,280 3,744 9,110,121 1,321,875 (39,029)      
Balance, end of period at Jun. 30, 2021               205,691 2,365
Balance, beginning of year at Dec. 31, 2021 10,954,948 37,280 3,755 9,121,122 1,827,063 (34,272)      
Balance, beginning of year at Dec. 31, 2021 232,260             214,094 18,166
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       1,484          
Exercise of share options     4 18,924          
Employee Share Purchase Plan (ESPP)       2,378          
Share-based employee compensation expense:                  
Issuance of restricted units/shares     2 7,359       1  
Share options       1,390          
ESPP discount       420          
Offering costs       (487)          
Supplemental Executive Retirement Plan (SERP)       (269)          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,355)         (4,823)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership (98,140)     98,140          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       6,632       (6,632)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       1,484          
Exercise of share options     4 18,924          
Employee Share Purchase Plan (ESPP)       2,378          
RETAINED EARNINGS                  
Net income attributable to controlling interests 294,866       294,866        
Common Share distributions         (470,424)        
Preferred Share distributions         (1,545)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (1,259)         (1,259)      
Losses reclassified into earnings from other comprehensive income (4,881)         4,881      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             1.25    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares     2 7,359       1  
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (1,484)  
Equity compensation associated with Noncontrolling Interests               13,159  
Net income attributable to Noncontrolling Interests 10,027             10,027 1,583
Distributions to Noncontrolling Interests               (15,488) (17,263)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership (2,649)             2,649  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       6,632       (6,632)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 10,027             10,027 1,583
Contributions by Noncontrolling Interests                 603
Distributions to Noncontrolling Interests               (15,488) (17,263)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,355)         (4,823)
Balance, end of period at Jun. 30, 2022 10,890,089 37,280 3,761 9,229,738 1,649,960 (30,650)      
Balance, end of period at Jun. 30, 2022 214,592             216,326 (1,734)
Balance, beginning of year at Mar. 31, 2022   37,280 3,760 9,142,969 1,661,705 (31,847)      
Balance, beginning of year at Mar. 31, 2022               217,451 3,415
COMMON SHARES, $0.01 PAR VALUE                  
Conversion of OP Units into Common Shares       1,310          
Exercise of share options     1 4,583          
Employee Share Purchase Plan (ESPP)       1,409          
Share-based employee compensation expense:                  
Issuance of restricted units/shares       3,750          
Share options       514          
ESPP discount       249          
Offering costs       (373)          
Supplemental Executive Retirement Plan (SERP)       (106)          
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,355)         (4,823)
Change in market value of Redeemable Noncontrolling Interests - Operating Partnership       97,201          
Adjustment for Noncontrolling Interests ownership in Operating Partnership       5,587       (5,587)  
PAID IN CAPITAL                  
Conversion of OP Units into Common Shares       1,310          
Exercise of share options     1 4,583          
Employee Share Purchase Plan (ESPP)       1,409          
RETAINED EARNINGS                  
Net income attributable to controlling interests 224,101       224,101        
Common Share distributions         (235,073)        
Preferred Share distributions         (773)        
Accumulated other comprehensive income (loss) - derivative instruments:                  
Unrealized holding gains (losses) arising during the period (1,259)         (1,259)      
Losses reclassified into earnings from other comprehensive income (2,456)         2,456      
DISTRIBUTIONS                  
Distributions declared per Common Share outstanding             $ 0.625    
NONCONTROLLING INTERESTS                  
Issuance of restricted units/shares       3,750          
Conversion of OP Units held by Noncontrolling Interests into OP Units held by General Partner               (1,310)  
Equity compensation associated with Noncontrolling Interests               5,361  
Net income attributable to Noncontrolling Interests 7,633             7,633 944
Distributions to Noncontrolling Interests               (7,593) (1,427)
Change in carrying value of Redeemable Noncontrolling Interests - Operating Partnership               371  
Adjustment for Noncontrolling Interests ownership in Operating Partnership       5,587       (5,587)  
PARTIALLY OWNED PROPERTIES                  
Net income attributable to Noncontrolling Interests 7,633             7,633 944
Contributions by Noncontrolling Interests                 157
Distributions to Noncontrolling Interests               (7,593) (1,427)
Acquisition of Noncontrolling Interests – Partially Owned Properties       (27,355)         (4,823)
Balance, end of period at Jun. 30, 2022 10,890,089 $ 37,280 $ 3,761 $ 9,229,738 $ 1,649,960 $ (30,650)      
Balance, end of period at Jun. 30, 2022 $ 214,592             $ 216,326 $ (1,734)