| 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, 2021:
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|
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|
|
|
|
|
|
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|
|
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(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, 2020 |
|
$ |
495 |
|
|
$ |
2,671,311 |
|
|
$ |
(288,667 |
) |
|
$ |
(5,041 |
) |
|
$ |
2,378,098 |
|
Net proceeds from issuance of common stock |
|
|
18 |
|
|
|
180,511 |
|
|
|
— |
|
|
|
— |
|
|
|
180,529 |
|
Earned portion of non-vested stock |
|
|
— |
|
|
|
1,453 |
|
|
|
— |
|
|
|
— |
|
|
|
1,453 |
|
Stock dividend |
|
|
252 |
|
|
|
(252 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Carrying value less than redemption value on
redeemed noncontrolling interest |
|
|
— |
|
|
|
(4 |
) |
|
|
— |
|
|
|
— |
|
|
|
(4 |
) |
Adjustment to redemption value on
noncontrolling redeemable Operating
Partnership units |
|
|
— |
|
|
|
— |
|
|
|
(2,358 |
) |
|
|
— |
|
|
|
(2,358 |
) |
Net income attributable to common shareholders |
|
|
— |
|
|
|
— |
|
|
|
47,383 |
|
|
|
— |
|
|
|
47,383 |
|
Amortization of terminated hedge included in
AOCL |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
229 |
|
|
|
229 |
|
Dividends |
|
|
— |
|
|
|
— |
|
|
|
(55,840 |
) |
|
|
— |
|
|
|
(55,840 |
) |
Balance March 31, 2021 |
|
$ |
765 |
|
|
$ |
2,853,019 |
|
|
$ |
(299,482 |
) |
|
$ |
(4,812 |
) |
|
$ |
2,549,490 |
|
Net proceeds from issuance of common stock |
|
|
16 |
|
|
|
148,309 |
|
|
|
— |
|
|
|
— |
|
|
|
148,325 |
|
Earned portion of non-vested stock |
|
|
— |
|
|
|
1,467 |
|
|
|
— |
|
|
|
— |
|
|
|
1,467 |
|
Carrying value less than redemption value on
redeemed noncontrolling interest |
|
|
— |
|
|
|
(13 |
) |
|
|
— |
|
|
|
— |
|
|
|
(13 |
) |
Adjustment to redemption value on
noncontrolling redeemable Operating
Partnership units |
|
|
— |
|
|
|
— |
|
|
|
(7,142 |
) |
|
|
— |
|
|
|
(7,142 |
) |
Net income attributable to common shareholders |
|
|
— |
|
|
|
— |
|
|
|
57,516 |
|
|
|
— |
|
|
|
57,516 |
|
Amortization of terminated hedge included in
AOCL |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
229 |
|
|
|
229 |
|
Dividends |
|
|
— |
|
|
|
— |
|
|
|
(56,873 |
) |
|
|
— |
|
|
|
(56,873 |
) |
Balance June 30, 2021 |
|
$ |
781 |
|
|
$ |
3,002,782 |
|
|
$ |
(305,981 |
) |
|
$ |
(4,583 |
) |
|
$ |
2,692,999 |
|
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 |
|
|