Quarterly report pursuant to Section 13 or 15(d)

Organization (Tables)

v3.19.1
Organization (Tables)
3 Months Ended
Mar. 31, 2019
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)

 

Three Months

Ended

March 31, 2019

 

Beginning balance

 

$

23,716

 

Net income attributable to noncontrolling interest in the

   Operating Partnership

 

 

183

 

Distributions

 

 

(249

)

Adjustment to redemption value

 

 

294

 

Ending balance

 

$

23,944

 

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

March 31, 2019

 

 

Three Months

Ended

March 31, 2018

 

Rental income

 

$

124,146

 

 

$

121,624

 

Management and acquisition fee income

 

 

3,086

 

 

 

2,395

 

Revenues related to tenant reinsurance

 

 

5,815

 

 

 

5,717

 

Other

 

 

3,475

 

 

 

3,358

 

Total operating revenues

 

$

136,522

 

 

$

133,094