Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
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 year ending December 31:

 

(Dollars in thousands)

 

2018

 

 

2017

 

Beginning balance

 

$

19,373

 

 

$

18,091

 

Redemption of units

 

 

(344

)

 

 

 

Issuance of units

 

 

3,547

 

 

 

 

Net income attributable to noncontrolling interests in

   Operating Partnership

 

 

968

 

 

 

444

 

Distributions

 

 

(865

)

 

 

(859

)

Adjustment to redemption value

 

 

1,037

 

 

 

1,697

 

Ending balance

 

$

23,716

 

 

$

19,373

 

Summary of Reconciliation of Cash and Restricted Cash

The following table provides a reconciliation of cash and restricted cash reported within the consolidated statement of cash flows:

 

(Dollars in thousands)

 

December 31,

2018

 

 

December 31,

2017

 

 

December 31,

2016

 

Cash

 

$

13,560

 

 

$

9,167

 

 

$

23,685

 

Restricted cash

 

 

505

 

 

 

292

 

 

 

238

 

Total cash and restricted cash

 

$

14,065

 

 

$

9,459

 

 

$

23,923

 

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)

 

2018

 

 

2017

 

 

2016

 

Rental income

 

$

502,474

 

 

$

485,303

 

 

$

428,121

 

Management and acquisition fee income

 

 

10,571

 

 

 

9,867

 

 

 

6,095

 

Revenues related to tenant insurance

 

 

23,057

 

 

 

22,597

 

 

 

18,666

 

Other

 

 

14,748

 

 

 

11,983

 

 

 

9,726

 

Total operating revenues

 

$

550,850

 

 

$

529,750

 

 

$

462,608

 

Performance Based Nonvested [Member]  
Schedule of Weighted Average Fair Value of Options Granted The fair values for the performance based awards in 2018, 2017 and 2016 were estimated at the time the awards were granted using a Monte Carlo pricing model applying the following weighted-average assumptions:

 

 

 

2018

 

 

2017

 

 

2016

 

Expected life (years)

 

 

3.0

 

 

 

3.0

 

 

 

3.0

 

Risk free interest rate

 

 

2.62

%

 

 

1.79

%

 

 

1.53

%

Expected volatility

 

 

21.36

%

 

 

19.92

%

 

 

19.37

%

Fair value

 

$

93.26

 

 

$

82.06

 

 

$

80.24