Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity (Tables)

v3.20.2
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Reconciliation of Changes in Parent Company's Total Shareholders' Equity

The following is a reconciliation of the changes in the Parent Company’s total shareholders’ equity for the six months ended June 30, 2020:

 

(dollars in thousands)

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Dividends in

Excess of

Net Income

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

Total

Shareholders’

Equity

 

Balance December 31, 2019

 

$

467

 

 

$

2,376,723

 

 

$

(238,338

)

 

$

(5,958

)

 

$

2,132,894

 

Net proceeds from issuance of common stock

 

 

2

 

 

 

21,464

 

 

 

 

 

 

 

 

 

21,466

 

Earned portion of non-vested stock

 

 

 

 

 

1,124

 

 

 

 

 

 

 

 

 

1,124

 

Adjustment to redemption value on

   noncontrolling redeemable Operating

   Partnership units

 

 

 

 

 

 

 

 

5,542

 

 

 

 

 

 

5,542

 

Net income attributable to common shareholders

 

 

 

 

 

 

 

 

36,433

 

 

 

 

 

 

36,433

 

Amortization of terminated hedge included in

   AOCL

 

 

 

 

 

 

 

 

 

 

 

229

 

 

 

229

 

Dividends

 

 

 

 

 

 

 

 

(49,969

)

 

 

 

 

 

(49,969

)

Balance March 31, 2020

 

 

469

 

 

 

2,399,311

 

 

 

(246,332

)

 

 

(5,729

)

 

 

2,147,719

 

Earned portion of non-vested stock

 

 

 

 

 

1,071

 

 

 

 

 

 

 

 

 

1,071

 

Adjustment to redemption value on

   noncontrolling redeemable Operating

   Partnership units

 

 

 

 

 

 

 

 

(2,609

)

 

 

 

 

 

(2,609

)

Net income attributable to common shareholders

 

 

 

 

 

 

 

 

36,457

 

 

 

 

 

 

36,457

 

Amortization of terminated hedge included in

   AOCL

 

 

 

 

 

 

 

 

 

 

 

229

 

 

 

229

 

Dividends

 

 

 

 

 

 

 

 

(50,186

)

 

 

 

 

 

(50,186

)

Balance June 30, 2020

 

$

469

 

 

$

2,400,382

 

 

$

(262,670

)

 

$

(5,500

)

 

$

2,132,681

 

 

The following is a reconciliation of the changes in the Parent Company’s total shareholders’ equity for the six months ended June 30, 2019:

 

(dollars in thousands)

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Dividends in

Excess of

Net Income

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

Total

Shareholders’

Equity

 

Balance December 31, 2018

 

$

466

 

 

$

2,372,157

 

 

$

(308,011

)

 

$

(6,875

)

 

$

2,057,737

 

Earned portion of non-vested stock

 

 

 

 

 

1,396

 

 

 

 

 

 

 

 

 

1,396

 

Adjustment to redemption value on

   noncontrolling redeemable Operating

   Partnership units

 

 

 

 

 

 

 

 

(294

)

 

 

 

 

 

(294

)

Net income attributable to common shareholders

 

 

 

 

 

 

 

 

34,454

 

 

 

 

 

 

34,454

 

Amortization of terminated hedge included in

   AOCL

 

 

 

 

 

 

 

 

 

 

 

229

 

 

 

229

 

Dividends

 

 

 

 

 

 

 

 

(46,631

)

 

 

 

 

 

(46,631

)

Balance March 31, 2019

 

 

466

 

 

 

2,373,553

 

 

 

(320,482

)

 

 

(6,646

)

 

 

2,046,891

 

Issuance of non-vested stock

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

1

 

Earned portion of non-vested stock

 

 

 

 

 

839

 

 

 

 

 

 

 

 

 

839

 

Adjustment to redemption value on

   noncontrolling redeemable Operating

   Partnership units

 

 

 

 

 

 

 

 

(150

)

 

 

 

 

 

(150

)

Net income attributable to common shareholders

 

 

 

 

 

 

 

 

40,742

 

 

 

 

 

 

40,742

 

Amortization of terminated hedge included in

   AOCL

 

 

 

 

 

 

 

 

 

 

 

229

 

 

 

229

 

Dividends

 

 

 

 

 

 

 

 

(46,632

)

 

 

 

 

 

(46,632

)

Balance June 30, 2019

 

$

467

 

 

$

2,374,392

 

 

$

(326,522

)

 

$

(6,417

)

 

$

2,041,920