Quarterly report pursuant to Section 13 or 15(d)

Organization (Tables)

v3.10.0.1
Organization (Tables)
9 Months Ended
Sep. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Reconciliation of Noncontrolling Interests

The following is a reconciliation of the Parent Company’s noncontrolling redeemable Operating Partnership Units and the Operating Partnership’s limited partners’ redeemable capital interest for the period:

 

(dollars in thousands)

 

Nine Months

Ended

September 30, 2018

 

Beginning balance

 

$

19,373

 

Redemption of units

 

 

(203

)

Net income attributable to noncontrolling interest in the

   Operating Partnership

 

 

535

 

Distributions

 

 

(650

)

Adjustment to redemption value

 

 

1,451

 

Ending balance

 

$

20,506

 

 

Summary of Disaggregated Revenues

The disaggregated revenues of the Company presented in accordance with ASC Topic 606 “Revenue from Contracts with Customers” are as follows:

 

(dollars in thousands)

 

Three Months

Ended

September 30, 2018

 

 

Three Months

Ended

September 30, 2017

 

 

Nine Months

Ended

September 30, 2018

 

 

Nine Months

Ended

September 30, 2017

 

Rental income

 

$

128,818

 

 

$

124,044

 

 

$

376,334

 

 

$

363,284

 

Management and acquisition fee income

 

 

2,661

 

 

 

2,478

 

 

 

7,602

 

 

 

7,479

 

Revenues related to tenant insurance

 

 

5,805

 

 

 

5,833

 

 

 

17,290

 

 

 

16,807

 

Other

 

 

4,199

 

 

 

3,213

 

 

 

11,359

 

 

 

9,103

 

Total operating revenues

 

$

141,483

 

 

$

135,568

 

 

$

412,585

 

 

$

396,673