Quarterly report pursuant to Section 13 or 15(d)

Organization (Tables)

v3.22.1
Organization (Tables)
3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Reconciliation of Noncontrolling Interests

The following is a reconciliation of the Parent Company’s common noncontrolling redeemable Operating Partnership Units and the Operating Partnership’s limited partners’ redeemable common capital interest for the period:

 

(dollars in thousands)

 

Three Months
Ended
March 31, 2022

 

Beginning balance

 

$

142,892

 

Net income attributable to noncontrolling common
   interests in the Operating Partnership

 

 

847

 

Redemption of units

 

 

(75

)

Distributions

 

 

(960

)

Adjustment to redemption value

 

 

(10,924

)

Ending balance

 

$

131,780

 

Summary of Preferred NonControlling redeemable preferred capital operating partenership

The following is a reconciliation of the Parent Company’s preferred noncontrolling redeemable Operating Partnership Units and the Operating Partnership’s limited partners’ redeemable preferred capital interest for the period:

 

(dollars in thousands)

 

Three Months
Ended
March 31, 2022

 

Beginning balance

 

$

90,783

 

Net income attributable to noncontrolling preferred
   interests in the Operating Partnership

 

 

996

 

Distributions

 

 

(1,018

)

Ending balance

 

$

90,761

 

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,
2022

 

 

Three Months
Ended
March 31,
2021

 

Rental income

 

$

205,509

 

 

$

150,283

 

Revenues related to tenant reinsurance

 

 

17,267

 

 

 

12,619

 

Management and acquisition fee income

 

 

5,856

 

 

 

4,590

 

Other

 

 

4,858

 

 

 

4,395

 

Total operating revenues

 

$

233,490

 

 

$

171,887