| 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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