Quarterly report pursuant to Section 13 or 15(d)

Organization (Tables)

v3.20.2
Organization (Tables)
6 Months Ended
Jun. 30, 2020
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)

 

Six Months

Ended

June 30, 2020

 

Beginning balance

 

$

26,307

 

Net income attributable to noncontrolling interest in the

   Operating Partnership

 

 

383

 

Redemption of units

 

 

(265

)

Distributions

 

 

(524

)

Adjustment to redemption value

 

 

(2,933

)

Ending balance

 

$

22,968

 

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

June 30, 2020

 

 

Three Months

Ended

June 30, 2019

 

 

Six Months

Ended

June 30, 2020

 

 

Six Months

Ended

June 30, 2019

 

Rental income

 

$

128,828

 

 

$

128,913

 

 

$

257,736

 

 

$

253,060

 

Management and acquisition fee income

 

 

4,176

 

 

 

3,260

 

 

 

8,589

 

 

 

6,347

 

Revenues related to tenant reinsurance

 

 

10,754

 

 

 

8,962

 

 

 

20,893

 

 

 

14,777

 

Other

 

 

3,255

 

 

 

3,893

 

 

 

6,738

 

 

 

7,368

 

Total operating revenues

 

$

147,013

 

 

$

145,028

 

 

$

293,956

 

 

$

281,552