Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity (Tables)

v3.22.1
Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2022
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 three months ended March 31, 2022:

 

(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, 2021

 

$

836

 

 

$

3,697,000

 

 

$

(314,713

)

 

$

(4,124

)

 

$

3,378,999

 

Net proceeds from issuance of common stock

 

 

7

 

 

 

92,764

 

 

 

 

 

 

 

 

 

92,771

 

Exercise of stock options

 

 

 

 

 

173

 

 

 

 

 

 

 

 

 

173

 

Earned portion of non-vested stock

 

 

 

 

 

1,661

 

 

 

 

 

 

 

 

 

1,661

 

Adjustment to redemption value on
   noncontrolling redeemable Operating
   Partnership units

 

 

 

 

 

 

 

 

10,924

 

 

 

 

 

 

10,924

 

Net income attributable to common
   shareholders

 

 

 

 

 

 

 

 

73,575

 

 

 

 

 

 

73,575

 

Amortization of terminated hedge included in
   AOCL

 

 

 

 

 

 

 

 

 

 

 

229

 

 

 

229

 

Dividends

 

 

 

 

 

 

 

 

(83,637

)

 

 

 

 

 

(83,637

)

Balance March 31, 2022

 

$

843

 

 

$

3,791,598

 

 

$

(313,851

)

 

$

(3,895

)

 

$

3,474,695

 

 

The following is a reconciliation of the changes in the Parent Company’s total shareholders’ equity for the three months ended March 31, 2021:

 

(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

 

 

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