Annual report pursuant to Section 13 and 15(d)

Summary Of Significant Accounting Policies (Tables)

v3.20.4
Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Summary Of Significant Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents and Restricted Cash

For The Years Ended December 31,

2020

2019

2018

Consolidated balance sheets

Cash and cash equivalents

$

69,083 

$

62,786 

$

37,379 

Restricted cash included in

Land and building held for development, net

1,088 

1,088 

1,088 

Cash, cash equivalents and restricted cash

at the end of the period

$

70,171 

$

63,874 

$

38,467 

Calculation Of Earnings Per Share

2020

2019

2018

Calculation of net income allocable to common shareholders

Net income

$

206,705 

$

203,972 

$

271,901 

Net (income) loss allocated to

Preferred shareholders based upon distributions

(48,186)

(54,346)

(51,880)

Preferred shareholders based upon redemptions

(11,007)

Noncontrolling interests—joint venture

(17)

(44)

1,030 

Restricted stock unit holders

(716)

(910)

(1,923)

Net income allocable to common shareholders

and noncontrolling interests—common units

157,786 

137,665 

219,128 

Net income allocation to noncontrolling interests—

common units

(33,141)

(28,962)

(46,229)

Net income allocable to common shareholders

$

124,645 

$

108,703 

$

172,899 

Calculation of common partnership units as a percentage of common share equivalents

Weighted average common shares outstanding

27,475 

27,418 

27,321 

Weighted average common partnership units outstanding

7,305 

7,305 

7,305 

Total common share equivalents

34,780 

34,723 

34,626 

Common partnership units as a percentage of common

share equivalents

21.0%

21.0%

21.1%

Weighted average common shares outstanding

Basic weighted average common shares outstanding

27,475 

27,418 

27,321 

Net effect of dilutive stock compensationbased on

treasury stock method using average market price

88 

108 

101 

Diluted weighted average common shares outstanding

27,563 

27,526 

27,422