Sunstone Hotel Investors, Inc(NYSE:SHO) 
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (REIT) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone's business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Est...
Website: http://www.sunstonehotels.com
Full Time Employees: 41
Sector: Real Estate
Industry: REIT-Hotel & Motel
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
room | 161,047,000 | 142,177,000 | 139,523,000 | 156,048,000 | 144,921,000 | 133,191,000 | 138,759,000 | 151,296,000 | 135,815,000 | 134,973,000 | 158,467,000 | 173,399,000 | 152,438,000 | 147,277,000 | 158,400,000 | 161,721,000 | 108,772,000 | 116,097,000 | 118,061,000 | 84,597,000 | 34,219,000 | 21,987,000 | 16,266,000 | 3,869,000 | 127,400,000 | 186,557,000 | 200,242,000 | 208,735,000 | 171,858,000 | 191,132,000 | 207,657,000 | 220,304,000 | 180,276,000 | 199,532,000 | 215,768,000 | 224,176,000 | 187,297,000 | 195,195,000 | 233,787,000 | 239,678,000 | 193,291,000 | 207,361,000 | 223,877,000 | 214,940,000 | 168,127,000 | 204,765,000 | 181,708,000 | 168,260,000 | 132,623,000 | 171,364,000 | 181,708,000 | 168,260,000 | 132,623,000 | 133,124,000 | 156,725,000 | 164,398,000 | 136,538,000 | 164,945,000 | 150,584,000 | 150,280,000 | 107,833,000 | 121,387,000 | 108,324,000 | 108,323,000 | 90,378,000 | 56,600,000 | 119,177,000 | 120,325,000 | 122,631,000 | 157,369,000 | 164,336,000 | 171,111,000 | 160,826,000 | 181,787,000 | 181,214,000 | 177,080,000 | 156,801,000 | 155,676,000 | 155,477,000 | 167,210,000 | 136,636,000 | 132,701,000 | 128,296,000 | 92,593,000 | 79,624,000 | -207,304,000 | 95,960,000 |
food and beverage | 74,287,000 | 69,107,000 | 64,419,000 | 78,026,000 | 67,128,000 | 59,650,000 | 63,866,000 | 71,367,000 | 61,339,000 | 63,880,000 | 64,007,000 | 78,815,000 | 70,812,000 | 65,847,000 | 63,476,000 | 71,658,000 | 39,583,000 | 36,368,000 | 27,338,000 | 15,238,000 | 4,971,000 | 4,588,000 | 2,109,000 | 213,000 | 47,990,000 | 66,686,000 | 61,366,000 | 75,704,000 | 69,113,000 | 67,199,000 | 63,911,000 | 79,292,000 | 74,266,000 | 73,990,000 | 68,821,000 | 81,298,000 | 71,234,000 | 72,984,000 | 68,371,000 | 79,265,000 | 72,184,000 | 74,072,000 | 64,273,000 | 68,733,000 | 59,911,000 | 66,441,000 | 53,080,000 | 52,842,000 | 49,628,000 | 57,796,000 | 53,080,000 | 52,842,000 | 49,628,000 | 52,236,000 | 46,191,000 | 56,202,000 | 51,837,000 | 62,043,000 | 44,153,000 | 51,043,000 | 40,403,000 | 49,734,000 | 35,893,000 | 40,543,000 | 38,208,000 | 25,783,000 | 40,715,000 | 48,173,000 | 51,602,000 | 71,813,000 | 58,332,000 | 68,111,000 | 69,743,000 | 85,648,000 | 64,471,000 | 74,472,000 | 65,612,000 | 68,640,000 | 49,703,000 | 62,884,000 | 58,147,000 | 66,980,000 | 41,687,000 | 28,986,000 | 25,775,000 | -59,610,000 | 27,350,000 |
other operating | 24,375,000 | 25,682,000 | 25,381,000 | 25,698,000 | 22,016,000 | 21,929,000 | 23,767,000 | 24,818,000 | 20,012,000 | 20,372,000 | 25,226,000 | 23,898,000 | 20,193,000 | 31,020,000 | 22,438,000 | 17,901,000 | 23,960,000 | 21,421,000 | 22,022,000 | 17,375,000 | 11,443,000 | 10,785,000 | 10,535,000 | 6,342,000 | 15,822,000 | 19,709,000 | 20,031,000 | 18,457,000 | 16,709,000 | 22,521,000 | 17,740,000 | 17,851,000 | 16,904,000 | 16,668,000 | 19,320,000 | 16,686,000 | 15,761,000 | 21,405,000 | 22,437,000 | 20,324,000 | 18,910,000 | 19,500,000 | 19,633,000 | 17,179,000 | 15,445,000 | 18,674,000 | 15,582,000 | 13,536,000 | 12,670,000 | 14,735,000 | 15,582,000 | 13,536,000 | 12,670,000 | 885,000 | 18,163,000 | 17,240,000 | 16,846,000 | 18,095,000 | 17,597,000 | 16,931,000 | 14,339,000 | 13,132,000 | 12,847,000 | 12,008,000 | 12,313,000 | 12,391,000 | 13,853,000 | 14,303,000 | 14,383,000 | 21,163,000 | 16,484,000 | 16,014,000 | 18,178,000 | 19,775,000 | 21,353,000 | 19,846,000 | 17,433,000 | 22,064,000 | 21,833,000 | 18,707,000 | 17,444,000 | 20,743,000 | 11,910,000 | 10,615,000 | 11,158,000 | -25,166,000 | 11,359,000 |
total revenues | 259,709,000 | 236,966,000 | 229,323,000 | 259,772,000 | 234,065,000 | 214,770,000 | 226,392,000 | 247,481,000 | 217,166,000 | 219,225,000 | 247,700,000 | 276,112,000 | 243,443,000 | 244,144,000 | 244,314,000 | 251,280,000 | 172,315,000 | 173,886,000 | 167,421,000 | 117,210,000 | 50,633,000 | 37,360,000 | 28,910,000 | 10,424,000 | 191,212,000 | 272,952,000 | 281,639,000 | 302,896,000 | 257,680,000 | 280,852,000 | 289,308,000 | 317,447,000 | 271,446,000 | 290,190,000 | 303,909,000 | 322,160,000 | 274,292,000 | 289,584,000 | 324,595,000 | 339,267,000 | 284,385,000 | 300,933,000 | 307,783,000 | 300,852,000 | 243,483,000 | 289,880,000 | 250,370,000 | 234,638,000 | 194,921,000 | 243,895,000 | 250,370,000 | 234,638,000 | 194,921,000 | 186,245,000 | 221,079,000 | 237,840,000 | 205,221,000 | 245,083,000 | 212,334,000 | 218,254,000 | 162,575,000 | 123,615,000 | 177,710,000 | 181,032,000 | 160,733,000 | 181,091,000 | 176,016,000 | 186,814,000 | 188,616,000 | 250,345,000 | 239,152,000 | 255,236,000 | 248,747,000 | 287,210,000 | 267,038,000 | 271,398,000 | 239,846,000 | 246,380,000 | 227,013,000 | 248,801,000 | 212,227,000 | 220,424,000 | 181,893,000 | 132,194,000 | 116,557,000 | -292,727,000 | 134,798,000 |
yoy | 10.96% | 10.33% | 1.29% | 4.97% | 7.78% | -2.03% | -8.60% | -10.37% | -10.79% | -10.21% | 1.39% | 9.88% | 41.28% | 40.40% | 45.93% | 114.38% | 240.32% | 365.43% | 479.11% | 1024.42% | -73.52% | -86.31% | -89.74% | -96.56% | -25.79% | -2.81% | -2.65% | -4.58% | -5.07% | -3.22% | -4.80% | -1.46% | -1.04% | 0.21% | -6.37% | -5.04% | -3.55% | -3.77% | 5.46% | 12.77% | 16.80% | 3.81% | 22.93% | 28.22% | 24.91% | 18.85% | 0.00% | 0.00% | 0.00% | 30.95% | 13.25% | -1.35% | -5.02% | -24.01% | 4.12% | 8.97% | 26.23% | 98.26% | 19.48% | 20.56% | 1.15% | -31.74% | 0.96% | -3.10% | -14.78% | -27.66% | -26.40% | -26.81% | -24.17% | -12.84% | -10.44% | -5.96% | 3.71% | 16.57% | 17.63% | 9.08% | 13.01% | 11.78% | 24.81% | 88.21% | 82.08% | -175.30% | 34.94% | ||||
qoq | 9.60% | 3.33% | -11.72% | 10.98% | 8.98% | -5.13% | -8.52% | 13.96% | -0.94% | -11.50% | -10.29% | 13.42% | -0.29% | -0.07% | -2.77% | 45.83% | -0.90% | 3.86% | 42.84% | 131.49% | 35.53% | 29.23% | 177.34% | -94.55% | -29.95% | -3.08% | -7.02% | 17.55% | -8.25% | -2.92% | -8.86% | 16.95% | -6.46% | -4.51% | -5.67% | 17.45% | -5.28% | -10.79% | -4.32% | 19.30% | -5.50% | -2.23% | 2.30% | 23.56% | -16.01% | 15.78% | 6.70% | 20.38% | -20.08% | -2.59% | 6.70% | 20.38% | 4.66% | -15.76% | -7.05% | 15.89% | -16.26% | 15.42% | -2.71% | 34.25% | 31.52% | -30.44% | -1.84% | 12.63% | -11.24% | 2.88% | -5.78% | -0.96% | -24.66% | 4.68% | -6.30% | 2.61% | -13.39% | 7.55% | -1.61% | 13.16% | -2.65% | 8.53% | -8.76% | 17.23% | -3.72% | 21.18% | 37.60% | 13.42% | -139.82% | -317.16% | |
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising and promotion | 13,692,000 | 13,525,000 | 13,420,000 | 14,222,000 | 13,116,000 | 13,854,000 | 13,220,000 | 12,974,000 | 12,132,000 | 12,272,000 | 12,767,000 | 13,897,000 | 13,022,000 | 12,559,000 | 12,325,000 | 11,621,000 | 10,474,000 | 10,356,000 | 8,883,000 | 7,042,000 | 4,875,000 | 3,294,000 | 3,895,000 | 4,090,000 | 12,462,000 | 13,371,000 | 13,285,000 | 14,149,000 | 13,564,000 | 13,708,000 | 13,593,000 | 14,316,000 | 13,906,000 | 13,762,000 | 14,953,000 | 15,277,000 | 14,993,000 | 14,801,000 | 15,325,000 | 15,567,000 | 15,360,000 | 15,640,000 | 14,114,000 | 13,655,000 | 12,971,000 | 14,252,000 | 12,261,000 | 11,240,000 | 11,265,000 | 12,540,000 | 12,261,000 | 11,240,000 | 11,265,000 | 10,714,000 | 10,740,000 | 11,135,000 | 11,115,000 | 12,627,000 | 10,338,000 | 10,365,000 | 8,828,000 | 9,785,000 | 8,012,000 | 8,903,000 | 8,322,000 | 4,357,000 | 9,740,000 | 10,841,000 | 12,331,000 | 13,514,000 | 12,735,000 | 13,174,000 | 13,862,000 | 14,714,000 | 13,645,000 | 13,891,000 | 13,835,000 | 13,751,000 | 13,015,000 | 13,905,000 | 12,706,000 | 15,055,000 | 12,125,000 | 7,789,000 | 7,588,000 | -17,076,000 | 8,024,000 |
repairs and maintenance | 11,654,000 | 10,209,000 | 9,954,000 | 9,875,000 | 9,685,000 | 9,144,000 | 9,094,000 | 8,979,000 | 8,710,000 | 9,196,000 | 10,060,000 | 9,606,000 | 9,446,000 | 9,432,000 | 9,382,000 | 8,273,000 | 9,714,000 | 11,220,000 | 10,001,000 | 7,132,000 | 5,545,000 | 5,585,000 | 6,075,000 | 5,375,000 | 10,049,000 | 10,512,000 | 10,632,000 | 10,193,000 | 10,282,000 | 10,627,000 | 10,530,000 | 10,851,000 | 11,103,000 | 11,653,000 | 12,882,000 | 10,999,000 | 11,264,000 | 11,168,000 | 11,859,000 | 11,381,000 | 11,558,000 | 11,759,000 | 12,053,000 | 10,706,000 | 10,881,000 | 12,261,000 | 9,394,000 | 8,275,000 | 8,374,000 | 9,841,000 | 9,394,000 | 8,275,000 | 8,374,000 | 7,481,000 | 8,299,000 | 8,642,000 | 8,614,000 | 9,896,000 | 8,349,000 | 8,249,000 | 7,415,000 | 8,312,000 | 6,660,000 | 6,614,000 | 6,463,000 | 4,274,000 | 7,534,000 | 7,849,000 | 8,519,000 | 10,583,000 | 9,150,000 | 9,222,000 | 9,927,000 | 11,225,000 | 9,995,000 | 9,959,000 | 9,705,000 | 10,158,000 | 9,308,000 | 9,918,000 | 9,018,000 | 9,865,000 | 7,629,000 | 5,388,000 | 5,202,000 | -12,056,000 | 5,523,000 |
utilities | 7,137,000 | 6,890,000 | 7,832,000 | 7,051,000 | 6,741,000 | 6,667,000 | 7,670,000 | 6,295,000 | 5,944,000 | 5,978,000 | 7,784,000 | 6,768,000 | 7,092,000 | 6,705,000 | 7,708,000 | 6,239,000 | 5,705,000 | 5,747,000 | 6,164,000 | 4,683,000 | 4,151,000 | 4,073,000 | 4,170,000 | 3,226,000 | 5,842,000 | 6,655,000 | 7,458,000 | 6,533,000 | 6,665,000 | 6,791,000 | 8,084,000 | 6,974,000 | 7,475,000 | 7,575,000 | 8,331,000 | 7,348,000 | 7,514,000 | 7,310,000 | 9,374,000 | 8,377,000 | 8,985,000 | 7,807,000 | 9,511,000 | 7,788,000 | 8,289,000 | 8,553,000 | 7,895,000 | 6,129,000 | 6,183,000 | 6,799,000 | 7,895,000 | 6,129,000 | 6,183,000 | 4,557,000 | 7,686,000 | 6,845,000 | 7,286,000 | 8,496,000 | 8,441,000 | 7,232,000 | 6,968,000 | 7,080,000 | 6,793,000 | 5,530,000 | 5,829,000 | 2,297,000 | 7,768,000 | 6,995,000 | 8,610,000 | 9,584,000 | 10,462,000 | 8,802,000 | 9,633,000 | 10,251,000 | 10,184,000 | 8,672,000 | 8,673,000 | 8,820,000 | 10,129,000 | 8,784,000 | 8,792,000 | 9,523,000 | 8,173,000 | 4,696,000 | 5,038,000 | -12,106,000 | 5,929,000 |
franchise costs | 4,585,000 | 4,726,000 | 4,471,000 | 4,843,000 | 4,459,000 | 4,656,000 | 4,711,000 | 4,819,000 | 4,205,000 | 4,120,000 | 4,278,000 | 4,560,000 | 3,918,000 | 4,410,000 | 4,145,000 | 4,280,000 | 3,004,000 | 3,886,000 | 4,181,000 | 2,296,000 | 991,000 | 723,000 | 663,000 | 338,000 | 5,336,000 | 8,241,000 | 8,606,000 | 8,579,000 | 6,839,000 | 8,442,000 | 9,167,000 | 9,961,000 | 7,853,000 | 9,314,000 | 9,431,000 | 9,898,000 | 8,096,000 | 9,245,000 | 10,591,000 | 10,818,000 | 8,600,000 | 10,087,000 | 10,022,000 | 10,261,000 | 8,077,000 | 9,911,000 | 8,770,000 | 8,771,000 | 6,478,000 | 8,913,000 | 8,770,000 | 8,771,000 | 6,478,000 | 7,624,000 | 8,306,000 | 8,320,000 | 6,731,000 | 8,439,000 | 7,942,000 | 7,484,000 | 5,250,000 | 5,596,000 | 5,727,000 | 5,636,000 | 4,515,000 | 1,162,000 | 6,833,000 | 6,759,000 | 6,957,000 | 8,634,000 | 9,919,000 | 9,963,000 | 8,286,000 | 9,598,000 | 10,366,000 | 9,755,000 | 8,422,000 | 9,255,000 | 9,941,000 | 9,736,000 | 7,327,000 | 6,074,000 | 7,584,000 | 6,921,000 | 6,082,000 | -15,968,000 | 7,352,000 |
property tax, ground lease and insurance | 20,454,000 | 19,036,000 | 19,574,000 | 18,954,000 | 18,897,000 | 18,535,000 | 19,777,000 | 19,984,000 | 18,925,000 | 18,476,000 | 21,709,000 | 19,378,000 | 19,233,000 | 15,819,000 | 19,714,000 | 17,455,000 | 15,991,000 | 16,318,000 | 17,528,000 | 15,632,000 | 14,661,000 | 16,873,000 | 20,800,000 | 19,124,000 | 20,051,000 | 20,423,000 | 21,880,000 | 20,614,000 | 20,348,000 | 18,756,000 | 20,369,000 | 21,508,000 | 21,781,000 | 20,239,000 | 21,399,000 | 18,157,000 | 22,840,000 | 21,038,000 | 25,649,000 | 23,151,000 | 23,613,000 | 22,554,000 | 22,550,000 | 21,413,000 | 19,052,000 | 21,650,000 | 20,435,000 | 19,297,000 | 18,468,000 | 20,804,000 | 20,435,000 | 19,297,000 | 18,468,000 | 14,593,000 | 18,102,000 | 18,338,000 | 16,766,000 | 17,661,000 | 17,197,000 | 14,573,000 | 14,135,000 | 10,334,000 | 11,045,000 | ||||||||||||||||||||||||
other property-level expenses | 32,758,000 | 29,164,000 | 26,926,000 | 31,533,000 | 29,725,000 | 28,388,000 | 26,702,000 | 28,120,000 | 27,623,000 | 27,593,000 | 29,020,000 | 31,857,000 | 31,777,000 | 30,003,000 | 29,032,000 | 30,391,000 | 23,910,000 | 23,238,000 | 21,633,000 | 16,067,000 | 10,477,000 | 2,745,000 | 9,528,000 | 8,736,000 | 28,845,000 | 32,553,000 | 30,913,000 | 34,015,000 | 32,840,000 | 31,414,000 | 31,580,000 | 35,518,000 | 33,907,000 | 33,510,000 | 34,511,000 | 37,982,000 | 34,713,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
corporate overhead | 6,835,000 | 7,369,000 | 6,970,000 | 8,346,000 | 8,905,000 | 5,787,000 | 7,577,000 | 8,168,000 | 7,518,000 | 7,421,000 | 7,127,000 | 8,396,000 | 8,468,000 | 7,936,000 | 7,879,000 | 8,717,000 | 10,714,000 | 8,203,000 | 15,422,000 | 9,467,000 | 7,177,000 | 5,735,000 | 6,582,000 | 8,438,000 | 7,394,000 | 7,275,000 | 7,395,000 | 8,078,000 | 7,516,000 | 8,191,000 | 7,360,000 | 7,594,000 | 7,102,000 | 7,232,000 | 7,233,000 | 6,809,000 | 6,717,000 | 6,073,000 | 6,046,000 | 6,923,000 | 14,253,000 | 6,117,000 | 7,177,000 | 7,674,000 | 6,559,000 | 7,329,000 | 6,586,000 | 7,359,000 | 6,171,000 | 6,555,000 | 6,586,000 | 7,359,000 | 6,171,000 | 5,341,000 | 6,148,000 | 7,686,000 | 5,300,000 | 4,830,000 | 6,943,000 | 6,316,000 | 7,664,000 | 7,492,000 | 11,596,000 | 5,135,000 | 4,580,000 | 10,313,000 | 4,340,000 | 4,849,000 | 5,769,000 | 4,558,000 | 5,133,000 | 5,264,000 | 6,758,000 | 5,372,000 | 6,092,000 | 9,475,000 | 7,331,000 | 5,551,000 | 3,116,000 | 4,504,000 | 5,877,000 | ||||||
depreciation and amortization | 34,177,000 | 34,180,000 | 33,928,000 | 34,125,000 | 32,275,000 | 32,666,000 | 31,689,000 | 31,112,000 | 29,040,000 | 29,135,000 | 33,188,000 | 32,397,000 | 32,342,000 | 32,393,000 | 31,750,000 | 30,893,000 | 31,360,000 | 32,598,000 | 32,585,000 | 32,729,000 | 30,770,000 | 32,761,000 | 33,005,000 | 34,539,000 | 36,746,000 | 37,264,000 | 37,573,000 | 36,524,000 | 36,387,000 | 36,268,000 | 36,159,000 | 37,334,000 | 36,688,000 | 38,583,000 | 39,719,000 | 40,680,000 | 40,047,000 | 41,847,000 | 41,331,000 | 40,873,000 | 40,707,000 | 41,805,000 | 40,000,000 | 37,973,000 | 37,615,000 | 40,257,000 | 35,050,000 | 32,175,000 | 34,016,000 | 36,235,000 | 35,050,000 | 32,175,000 | 34,016,000 | 28,008,000 | 36,529,000 | 34,793,000 | 34,756,000 | 34,888,000 | 34,176,000 | 32,659,000 | 26,482,000 | 24,807,000 | 23,871,000 | 23,264,000 | 23,558,000 | 13,404,000 | 26,511,000 | 27,377,000 | 29,214,000 | 28,111,000 | 29,044,000 | 28,919,000 | 31,575,000 | 33,840,000 | 30,266,000 | 29,237,000 | 27,586,000 | 25,072,000 | 26,078,000 | 25,842,000 | 22,974,000 | 22,532,000 | 20,779,000 | 14,942,000 | 14,063,000 | -31,556,000 | 14,742,000 |
total operating expenses | 231,286,000 | 220,038,000 | 217,432,000 | 229,346,000 | 217,594,000 | 205,384,000 | 209,994,000 | 211,932,000 | 199,907,000 | 200,638,000 | 220,873,000 | 227,659,000 | 218,654,000 | 214,981,000 | 214,347,000 | 207,759,000 | 179,088,000 | 180,452,000 | 181,600,000 | 137,149,000 | 98,071,000 | 107,167,000 | 107,476,000 | 115,292,000 | 331,860,000 | 261,677,000 | 239,346,000 | 243,297,000 | 233,474,000 | 235,346,000 | 241,220,000 | 255,592,000 | 245,005,000 | 255,242,000 | 290,837,000 | 258,738,000 | 253,213,000 | 252,516,000 | 272,321,000 | 269,914,000 | 266,717,000 | 259,792,000 | 256,951,000 | 244,966,000 | 229,188,000 | 254,150,000 | 216,002,000 | 198,016,000 | 191,353,000 | 219,255,000 | 216,002,000 | 198,016,000 | 191,353,000 | 165,892,000 | 201,816,000 | 205,069,000 | 197,000,000 | 216,457,000 | 208,663,000 | 190,275,000 | 164,131,000 | 116,087,000 | 172,908,000 | 165,619,000 | 156,475,000 | 228,898,000 | 167,982,000 | 300,817,000 | 184,598,000 | 216,963,000 | 204,975,000 | 209,087,000 | 222,337,000 | 244,464,000 | 225,571,000 | 227,506,000 | 210,614,000 | 213,004,000 | 193,607,000 | 204,326,000 | 185,429,000 | 191,005,000 | 158,722,000 | 111,262,000 | 103,590,000 | -248,581,000 | 114,968,000 |
interest and other income | 1,533,000 | 3,940,000 | 3,160,000 | 2,300,000 | 1,564,000 | 1,873,000 | 2,350,000 | 3,503,000 | 5,453,000 | 4,137,000 | 1,218,000 | 4,639,000 | 541,000 | 476,000 | 270,000 | 116,000 | 4,380,000 | 13,000 | 2,000 | 21,000 | -379,000 | 85,000 | 139,000 | 306,000 | 2,306,000 | 3,060,000 | 3,762,000 | 4,811,000 | 4,924,000 | 3,451,000 | 2,592,000 | 2,966,000 | 1,491,000 | 1,743,000 | 1,027,000 | 355,000 | 489,000 | 673,000 | 576,000 | 1,828,000 | 946,000 | 535,000 | 981,000 | 891,000 | 716,000 | 891,000 | 727,000 | 788,000 | 563,000 | 743,000 | 727,000 | 788,000 | 563,000 | 142,000 | 18,000 | 74,000 | 63,000 | 1,320,000 | 72,000 | 99,000 | 171,000 | 272,000 | 240,000 | 254,000 | 622,000 | 717,000 | 1,365,000 | 1,101,000 | 593,000 | 6,926,000 | 860,000 | 796,000 | 679,000 | 1,981,000 | 616,000 | 513,000 | 1,098,000 | 465,000 | 910,000 | 1,398,000 | 306,000 | -364,000 | 302,000 | ||||
interest expense | -11,277,000 | -13,707,000 | -13,412,000 | -13,164,000 | -12,682,000 | -10,440,000 | -15,982,000 | -12,693,000 | -11,010,000 | -16,768,000 | -11,894,000 | -9,223,000 | -13,794,000 | -11,717,000 | -9,269,000 | -5,938,000 | -5,081,000 | -7,201,000 | -7,983,000 | -8,065,000 | -7,649,000 | -10,108,000 | -12,742,000 | -12,950,000 | -17,507,000 | -10,822,000 | -13,259,000 | -15,816,000 | -14,326,000 | -16,081,000 | -11,549,000 | -11,184,000 | -8,876,000 | -10,425,000 | -17,008,000 | -15,872,000 | -20,010,000 | -3,265,000 | -16,405,000 | -17,289,000 | -17,326,000 | -15,496,000 | -18,052,000 | -18,331,000 | -18,283,000 | -17,649,000 | -18,854,000 | -17,272,000 | -17,414,000 | -20,041,000 | -6,023,000 | -24,467,000 | -23,116,000 | -24,633,000 | -24,519,000 | -24,710,000 | -24,578,000 | -24,482,000 | -24,164,000 | -24,994,000 | -27,026,000 | -23,732,000 | -22,441,000 | -23,996,000 | -22,936,000 | -26,823,000 | -18,692,000 | -15,875,000 | -15,247,000 | -12,168,000 | 20,131,000 | -13,762,000 | |||||||||||||||
income before income taxes | 18,679,000 | 7,161,000 | 1,459,000 | 10,811,000 | 5,353,000 | 819,000 | 2,766,000 | 26,397,000 | 12,180,000 | 129,784,000 | 16,160,000 | 43,881,000 | 21,445,000 | 17,948,000 | 20,198,000 | 37,720,000 | 15,259,000 | 138,342,000 | -22,099,000 | -27,895,000 | -55,244,000 | -39,365,000 | -91,190,000 | -117,512,000 | -155,849,000 | 24,048,500 | 32,796,000 | 48,594,000 | 14,804,000 | 53,637,000 | 34,715,000 | 65,974,000 | 1,453,000 | 53,890,000 | 1,288,000 | -3,272,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income tax provision | -122,000 | -803,000 | -358,000 | -28,000 | -136,000 | -43,000 | -238,000 | -237,000 | -233,000 | -85,000 | -110,000 | -224,000 | -129,000 | -6,157,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 18,557,000 | 7,217,000 | 1,322,000 | 10,774,000 | 5,255,000 | 836,000 | 3,249,000 | 26,142,000 | 13,035,000 | 126,985,000 | 15,558,000 | 43,078,000 | 21,087,000 | 17,463,000 | 20,488,000 | 37,692,000 | 15,123,000 | 138,324,000 | -22,124,000 | -27,918,000 | -55,287,000 | -39,380,000 | -91,107,000 | -117,500,000 | -162,519,000 | 45,414,000 | 33,545,000 | 45,918,000 | 17,916,000 | 77,756,000 | 91,586,000 | 51,262,000 | 38,455,000 | 20,680,000 | 17,082,000 | 65,736,000 | 1,216,000 | 34,298,000 | 63,084,000 | 53,657,000 | 1,203,000 | 237,575,000 | 33,643,000 | 43,535,000 | -3,496,000 | 14,257,000 | 15,817,000 | 20,009,000 | 28,926,000 | 5,249,000 | 15,817,000 | 20,009,000 | 28,926,000 | 11,114,000 | 39,556,000 | 11,855,000 | 7,588,000 | 38,929,000 | 51,335,000 | 35,672,000 | 23,653,000 | 308,000 | -21,091,000 | -127,965,000 | -17,948,000 | -130,205,000 | 6,510,000 | -6,339,000 | 10,809,000 | 69,218,000 | 1,055,000 | 29,796,000 | 16,567,000 | 74,472,000 | 4,828,000 | 11,824,000 | 1,536,000 | 22,052,000 | 17,825,000 | 11,991,000 | 7,885,000 | 8,532,000 | 1,797,000 | -927,000 | 4,520,000 | ||
yoy | 253.13% | 763.28% | -59.31% | -58.79% | -59.69% | -99.34% | -79.12% | -39.31% | -38.18% | 627.17% | -24.06% | 14.29% | 39.44% | -87.38% | -192.61% | -235.01% | -127.35% | -451.25% | -75.72% | -76.24% | -65.98% | -186.71% | -371.60% | -355.89% | -1007.12% | -41.59% | -63.37% | -10.42% | -53.41% | 276.00% | 436.16% | -22.02% | 3062.42% | -39.70% | -72.92% | 22.51% | 1.08% | -85.56% | 87.51% | 23.25% | -134.41% | 1566.37% | 112.70% | 117.58% | -112.09% | 171.61% | 0.00% | 0.00% | 0.00% | -52.77% | -60.01% | 68.78% | 46.47% | -69.55% | -78.73% | 12539.29% | -343.40% | -127.88% | -231.79% | -100.24% | -423.98% | 1918.69% | -266.05% | -288.11% | 517.06% | -121.27% | -34.76% | -7.06% | -78.15% | 152.00% | 978.58% | 237.71% | -72.91% | -1.39% | -80.52% | 158.46% | 891.93% | -1393.53% | 74.45% | ||||||||
qoq | 157.13% | 445.92% | -87.73% | 105.02% | 528.59% | -74.27% | -87.57% | 100.55% | -89.74% | 716.20% | -63.88% | 104.29% | 20.75% | -14.76% | -45.64% | 149.24% | -89.07% | -725.22% | -20.75% | -49.50% | 40.39% | -56.78% | -22.46% | -27.70% | -457.86% | 35.38% | -26.95% | 156.30% | -76.96% | -15.10% | 78.66% | 33.30% | 85.95% | 21.06% | -74.01% | 5305.92% | -96.45% | -45.63% | 17.57% | 4360.27% | -99.49% | 606.16% | -22.72% | -1345.28% | -124.52% | -9.86% | -20.95% | -30.83% | 451.08% | -66.81% | -20.95% | -30.83% | 160.27% | -71.90% | 233.67% | -24.17% | 43.91% | 50.81% | 7579.55% | -101.46% | -83.52% | 612.98% | -86.22% | -2100.08% | -202.70% | -158.65% | -84.38% | 6460.95% | -96.46% | 79.85% | -77.75% | 1442.50% | -59.17% | 669.79% | -93.03% | 23.71% | 48.65% | 52.07% | -7.58% | 374.79% | -293.85% | -120.51% | |||||
net income margin % | 7.15% | 3.05% | 0.58% | 4.15% | 2.25% | 0.39% | 1.44% | 10.56% | 6.00% | 57.92% | 6.28% | 15.60% | 8.66% | 7.15% | 8.39% | 15.00% | 8.78% | 79.55% | -13.21% | -23.82% | -109.19% | -105.41% | -315.14% | -1127.21% | -84.99% | 16.64% | 11.91% | 15.16% | 6.95% | 27.69% | 31.66% | 16.15% | 14.17% | 7.13% | 5.62% | 20.40% | 0.44% | 11.84% | 19.43% | 15.82% | 0.42% | 78.95% | 10.93% | 14.47% | -1.44% | 4.92% | 6.32% | 8.53% | 14.84% | 2.15% | 6.32% | 8.53% | 14.84% | 5.97% | 17.89% | 4.98% | 0% | 3.10% | 0% | 17.84% | 31.58% | 28.86% | 13.31% | 0.17% | -13.12% | -70.66% | -10.20% | -69.70% | 3.45% | -2.53% | 4.52% | 27.12% | 0.42% | 10.37% | 6.20% | 27.44% | 2.01% | 4.80% | 0.68% | 8.86% | 8.40% | 5.44% | 4.33% | 6.45% | 1.54% | 0.32% | 3.35% |
preferred stock dividends, net of gain on repurchases | -2,602,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 15,955,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted income per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income attributable to common stockholders per common share | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income attributable to common stockholders per common share | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic weighted-average common shares outstanding | 188,361 | 193,613 | 189,253 | 195,791 | 200,410 | 201,739 | 201,402 | 202,758 | 202,631 | 205,590 | 205,570 | 206,181 | 207,035 | 212,613 | 211,010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average common shares outstanding | 188,668 | 194,316 | 189,253 | 196,304 | 201,444 | 202,642 | 201,402 | 203,455 | 202,958 | 205,865 | 205,782 | 206,828 | 207,282 | 212,653 | 211,289 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -8,751,000 | 457,000 | 22,946,000 | 34,109,000 | 189,000 | 48,174,000 | 53,128,000 | 15,659,000 | 18,223,000 | 190,000 | 11,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | -180,000 | 38,000 | 21,000 | 8,000 | 9,000 | 12,000 | 9,909,000 | 26,000 | -770,000 | 21,000 | -213,000 | -428,000 | 61,000 | 88,000 | 222,000 | -53,000 | -20,000 | 26,559,000 | 28,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 56,000 | -137,000 | -37,000 | -98,000 | 17,000 | 483,000 | -255,000 | 855,000 | -440,750 | -602,000 | 31,500 | 290,000 | -18,000 | -25,000 | -23,000 | -15,000 | 83,000 | 12,000 | -6,670,000 | -1,034,000 | 749,000 | -2,676,000 | 3,112,000 | -2,459,000 | -673,000 | -2,375,000 | 3,740,000 | -4,766,000 | 12,991,000 | -343,000 | -938,000 | -314,000 | 413,000 | 19,750 | -424,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | -3,031,250 | -4,262,000 | -3,932,000 | -3,931,000 | -3,931,000 | -3,931,000 | -3,683,000 | -3,683,000 | -2,690,500 | -3,226,000 | -3,768,000 | -3,768,000 | -3,773,000 | -3,207,000 | -3,208,000 | -3,208,000 | -3,207,000 | -3,207,000 | -3,208,000 | -3,208,000 | -3,207,000 | -3,207,000 | -2,405,500 | -3,208,000 | -3,207,000 | -3,207,000 | -2,766,000 | -2,300,000 | -1,725,000 | -2,300,000 | -2,300,000 | -2,300,000 | -2,414,000 | -388,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to common stockholders | 3,232,000 | -2,940,000 | 6,842,000 | 1,324,000 | -3,095,000 | -682,000 | 22,459,000 | 9,352,000 | 123,759,000 | 12,332,000 | 39,310,000 | 17,319,000 | 14,113,000 | 17,137,000 | 31,576,000 | 10,216,000 | -41,207,000 | -92,499,000 | -118,545,000 | -165,268,000 | 41,208,000 | 27,829,000 | 40,756,000 | 13,110,000 | 73,123,000 | 86,002,000 | 45,681,000 | 32,809,000 | 16,188,000 | 11,705,000 | 57,298,000 | -3,200,000 | 29,968,000 | 58,802,000 | 48,877,000 | 233,754,000 | 29,540,000 | 39,568,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted per share amounts: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income attributable to common stockholders per common share | 0.01 | -0.02 | 0.03 | 0.01 | -0.01 | 0.11 | 0.05 | 0.6 | 0.06 | 0.19 | 0.08 | 0.07 | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income attributable to common stockholders per common share | 0.01 | -0.02 | 0.03 | 0.01 | -0.01 | 0.11 | 0.05 | 0.6 | 0.06 | 0.19 | 0.08 | 0.07 | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from consolidated joint venture attributable to noncontrolling interest | -998,000 | -2,508,000 | -1,955,000 | -1,599,000 | -1,425,000 | -2,376,000 | -2,374,000 | -2,439,000 | -1,586,000 | -2,169,000 | -1,655,000 | -1,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 1,394,000 | 5,626,000 | 34,427,000 | 10,862,000 | 1,859,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from consolidated joint venture attributable to noncontrolling interest | -2,343,000 | -1,134,000 | -335,000 | -933,000 | 596,000 | 1,975,000 | 1,381,000 | 1,816,000 | 2,162,000 | 458,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends and redemption charges | -3,350,000 | -3,351,000 | -3,349,000 | -6,287,000 | -2,300,000 | -2,300,000 | -3,510,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends and redemption charge | -3,773,000 | -7,795,000 | -3,208,000 | -3,208,000 | -6,783,000 | -3,208,000 | -2,300,000 | -2,300,000 | -10,903,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted income attributable to common stockholders per common share | 0.15 | 0.05 | -0.19 | -0.43 | -0.55 | -0.75 | 0.18 | 0.12 | 0.18 | 0.06 | 0.32 | 0.38 | 0.2 | 0.15 | 0.07 | 0.05 | 0.26 | -0.02 | 0.14 | 0.28 | 0.23 | 1.12 | 0.14 | 0.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted weighted-average common shares outstanding | 213,183 | 217,271 | 216,296 | 217,709 | 215,113 | 214,438 | 215,934 | 214,257 | 214,225 | 221,036 | 225,681 | 224,530 | 227,389 | 227,219 | 225,924 | 227,068 | 225,232 | 224,282 | 221,898 | 224,142 | 215,385 | 212,887 | 214,966 | 207,604 | 207,577 | 206,600 | 207,350 | 202,800 | 182,604 | 181,061 | 192,674 | 160,856 | 160,843 | 151,076 | 161,784 | 160,856 | 160,843 | 151,076 | 127,027 | ||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | 1,671,000 | 1,014,000 | 13,478,000 | 18,100,000 | 115,366,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss attributable to common stockholders | -30,245,000 | -29,344,000 | -35,117,000 | -56,519,000 | -3,278,000 | -8,030,000 | -4,879,000 | -4,177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss attributable to common stockholders per common share | -0.14 | -0.13 | -0.16 | -0.26 | -0.02 | -0.04 | -0.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -52,500 | -210,000 | -154,000 | -105,000 | -25,000 | -531,000 | -4,107,000 | -44,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions declared per common share | 0.05 | 0.038 | 0.05 | 0.05 | 0.05 | 0.038 | 0.05 | 0.05 | 0.05 | 0.038 | 0.05 | 0.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 162,467,000 | 48,088,000 | 61,855,000 | 26,441,000 | 34,948,000 | 13,072,000 | 63,422,000 | 21,079,000 | 37,068,000 | 52,274,000 | 69,353,000 | 17,668,000 | 41,141,000 | 50,832,000 | 55,886,000 | 14,295,000 | 35,730,000 | 34,368,000 | 36,622,000 | 3,568,000 | 24,640,000 | 34,368,000 | 36,622,000 | 3,568,000 | 20,353,000 | 19,263,000 | 32,771,000 | 8,221,000 | 28,626,000 | 3,671,000 | 27,979,000 | 7,528,000 | 4,802,000 | 15,413,000 | 4,258,000 | -47,807,000 | 8,034,000 | -114,003,000 | 4,018,000 | 33,382,000 | 34,177,000 | 46,149,000 | 26,410,000 | 42,746,000 | 41,467,000 | 43,892,000 | 29,232,000 | 33,376,000 | 33,406,000 | 44,475,000 | 26,798,000 | 29,419,000 | 23,171,000 | 20,932,000 | 12,967,000 | -44,146,000 | 19,830,000 | ||||||||||||||||||||||||||||||
yoy | 364.88% | 267.87% | -2.47% | 25.44% | -5.72% | -74.99% | -8.55% | 19.31% | -9.90% | 2.84% | 24.10% | 23.60% | 15.14% | 47.91% | 52.60% | 300.64% | 45.01% | 0.00% | 0.00% | 0.00% | 21.06% | 78.41% | 11.75% | -56.60% | -28.90% | 424.73% | 17.13% | 280.26% | -23.55% | 81.53% | -115.75% | -40.23% | -113.52% | 5.97% | -243.21% | -76.49% | -347.03% | -84.79% | -21.91% | -17.58% | 5.14% | -9.65% | 28.07% | 24.13% | -1.31% | 9.08% | 13.45% | 44.17% | 112.47% | 106.66% | -166.64% | 16.85% | |||||||||||||||||||||||||||||||||||
qoq | 237.85% | -22.26% | 133.94% | -24.34% | 167.35% | -79.39% | 200.88% | -43.13% | -29.09% | -24.63% | 292.53% | -57.06% | -19.06% | -9.04% | 290.95% | -59.99% | 3.96% | -6.15% | 926.40% | -85.52% | -28.31% | -6.15% | 926.40% | -82.47% | 5.66% | -41.22% | 298.63% | -71.28% | 679.79% | -86.88% | 56.77% | -68.84% | 261.98% | -108.91% | -695.06% | -107.05% | -2937.31% | -87.96% | -2.33% | -25.94% | 74.74% | -38.22% | 3.08% | -5.52% | 50.15% | -12.42% | -0.09% | -24.89% | 65.96% | -8.91% | 26.96% | 10.70% | 61.43% | -129.37% | -322.62% | ||||||||||||||||||||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 57.85% | 16.62% | 19.49% | 9.74% | 12.04% | 4.30% | 19.69% | 7.68% | 12.80% | 16.10% | 20.44% | 6.21% | 13.67% | 16.52% | 18.58% | 5.87% | 12.33% | 13.73% | 15.61% | 1.83% | 10.10% | 13.73% | 15.61% | 1.83% | 10.93% | 8.71% | 13.78% | 4.01% | 11.68% | 1.73% | 12.82% | 0% | 6.09% | 2.70% | 8.51% | 2.65% | -26.40% | 4.56% | -61.02% | 2.13% | 13.33% | 14.29% | 18.08% | 10.62% | 14.88% | 15.53% | 16.17% | 12.19% | 13.55% | 14.72% | 17.88% | 12.63% | 13.35% | 12.74% | 15.83% | 11.13% | 15.08% | 14.71% |
income before income taxes and discontinued operations | 80,215,000 | 92,259,000 | 25,446,000 | -2,909,000 | 34,641,000 | 48,127,000 | 237,753,000 | 33,230,000 | 38,446,000 | 14,865,000 | 16,241,000 | 20,138,000 | 6,684,000 | 16,241,000 | 20,138,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 77,756,000 | 91,586,000 | 20,680,000 | 10,082,000 | 34,298,000 | 47,189,000 | 237,575,000 | 33,643,000 | 38,336,000 | 14,607,000 | 15,817,000 | 20,009,000 | 5,249,000 | 15,817,000 | 20,009,000 | 11,972,000 | 6,535,000 | 8,146,000 | 49,823,000 | -20,911,000 | -92,749,000 | -17,103,000 | -111,901,000 | 6,510,000 | 9,680,000 | 10,809,000 | 22,616,000 | 1,055,000 | 24,147,000 | 16,567,000 | 17,552,000 | 4,828,000 | 13,056,000 | 10,026,000 | 22,052,000 | 1,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 1,750,000 | 7,000,000 | 3,973,750 | 5,199,000 | -350,000 | 48,410,000 | 48,410,000 | 9,279,000 | 39,984,000 | 442,000 | 1,053,000 | 24,000 | 30,783,000 | 1,512,000 | 29,778,000 | 40,473,000 | 6,634,000 | -180,000 | -35,216,000 | -845,000 | -18,304,000 | -16,019,000 | 46,602,000 | 5,649,000 | 56,920,000 | -1,232,000 | -8,490,000 | 16,752,000 | 1,445,000 | 2,092,000 | 843,000 | 20,593,000 | -1,396,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to common stockholders | 0.32 | 0.38 | 0.07 | 0.02 | 0.14 | 0.2 | 1.12 | 0.14 | 0.19 | -0.2 | -0.153 | -0.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 33,081,000 | 17,082,000 | 65,736,000 | 1,216,000 | 26,594,750 | 63,084,000 | 53,657,000 | 1,203,000 | 11,082,000 | 11,610,000 | 9,654,750 | 39,615,000 | 11,972,000 | -12,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to common stockholders | 29,089,500 | 11,705,000 | 57,298,000 | -3,200,000 | 22,066,250 | 58,802,000 | 48,877,000 | 26,100,250 | 29,540,000 | 39,568,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property general and administrative | 26,924,500 | 37,828,000 | 37,107,000 | 34,449,000 | 32,948,000 | 32,908,000 | 31,963,000 | 28,922,000 | 32,944,000 | 27,067,000 | 25,288,000 | 23,606,000 | 27,493,000 | 27,067,000 | 25,288,000 | 23,606,000 | 21,440,000 | 24,493,000 | 26,565,000 | 25,247,000 | 28,629,000 | 24,768,000 | 25,225,000 | 20,496,000 | 22,407,000 | 18,673,000 | 18,876,000 | 17,145,000 | 10,916,000 | 20,153,000 | 21,129,000 | 22,872,000 | 29,126,000 | 26,966,000 | 27,631,000 | 28,897,000 | 32,423,000 | 29,897,000 | 30,247,000 | 27,568,000 | 28,819,000 | 24,301,000 | 27,979,000 | 25,346,000 | 12,508,750 | 21,034,000 | 16,549,000 | 12,452,000 | |||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | 15,895,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from consolidated joint ventures attributable to noncontrolling interests | -1,122,000 | -1,982,000 | -2,480,000 | -2,181,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to common stockholders | -3,278,000 | -8,030,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 0.05 | 0.038 | 0.05 | 0.05 | 0.05 | 0.038 | 0.05 | 0.013 | 0.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of asset | 2,920,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from consolidated joint ventures attributable to non-controlling interests | -1,660,750 | -1,803,000 | -1,667,000 | -2,234,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from consolidated joint venture attributable to non-controlling interest | -996,000 | -1,768,000 | -1,226,000 | -297,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling interest | -8,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on unvested restricted stock compensation | -72,750 | -101,000 | -447,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
undistributed income allocated to unvested restricted stock compensation | -53,250 | -30,000 | -126,000 | -218,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income available to common stockholders | 11,457,000 | 11,610,000 | 15,139,000 | 2,179,000 | 11,610,000 | -10,959,000 | 5,576,000 | 61,128,000 | 24,277,000 | 11,380,000 | 66,171,000 | -359,000 | 6,637,000 | -3,652,000 | 16,898,000 | 13,738,000 | 7,904,000 | 3,801,000 | 6,118,000 | 1,409,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income available to common stockholders | 15,143,500 | 11,610,000 | 15,139,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available (attributable) to common stockholders | 0.05 | 0.07 | 0.09 | 0.01 | 0.07 | 0.09 | -0.04 | -0.07 | 0.03 | -0.18 | -0.01 | -0.2 | 0.38 | -0.27 | -1.27 | -0.3 | -1.92 | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted income available to common stockholders per common share | 0.05 | 0.07 | 0.09 | 0.01 | 0.07 | -0.01 | -0.06 | 0.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before income taxes and discontinued operations | -13,327,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -19,484,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income available (loss attributable) to common stockholders | 17,500,000 | 15,139,000 | 17,500,000 | 3,563,000 | 30,932,000 | 4,056,000 | -20,973,000 | 46,000 | -23,967,000 | 31,077,000 | 45,680,000 | 30,433,000 | 18,280,000 | -26,278,000 | -133,152,000 | -23,135,000 | -135,393,000 | 876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income available (loss attributable) to common stockholders | 17,500,000 | 15,139,000 | 17,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations attributable to common stockholders | -0.2 | -0.12 | -0.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted income available (loss attributable) to common stockholders per common share | 0.12 | 0.09 | 0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint ventures | 5,250 | 163,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on remeasurement of equity interests | 69,230,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) income from consolidated joint venture attributable to non-controlling interest | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic per share amounts: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income available (loss attributable) to common stockholders per common share | 0.028 | 0.23 | 0.03 | -0.18 | -0.2 | 0.27 | 0.39 | 0.31 | 0.19 | -0.27 | -1.64 | -0.31 | -2.23 | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted per share amounts: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income available (loss attributable) to common stockholders per common share | 0.028 | 0.23 | 0.03 | -0.18 | -0.2 | 0.26 | 0.39 | 0.31 | 0.19 | -0.27 | -1.64 | -0.31 | -2.23 | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 135,236 | 120,029 | 117,426 | 117,206 | 117,254 | 117,227 | 117,074 | 99,709 | 97,250 | 97,188 | 97,047 | 69,820 | 73,857 | 60,845 | 52,205 | 53,633 | 49,878 | 58,186 | 58,998 | 59,147 | 60,230 | 57,247 | 57,708 | 57,700 | 55,797 | 40,655 | 42,594 | 35,591 | 34,519 | 33,196 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 135,236 | 120,029 | 117,426 | 117,206 | 117,254 | 117,314 | 117,211 | 99,709 | 97,612 | 97,188 | 97,047 | 69,820 | 73,857 | 60,845 | 52,205 | 53,662 | 49,950 | 58,276 | 59,139 | 59,301 | 64,962 | 57,691 | 58,193 | 58,169 | 55,797 | 40,959 | 42,909 | 35,903 | 34,817 | 33,488 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
undistributed income allocated to series c preferred stock | -141,750 | -2,858,000 | -286,000 | -3,113,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income and other income | 743,250 | 1,544,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends and accretion | -5,187,000 | -5,187,000 | -5,187,000 | -5,188,000 | -5,187,000 | -5,187,000 | -5,233,000 | -5,232,000 | -5,232,000 | -5,233,000 | -5,187,000 | -5,188,000 | -5,187,000 | -5,187,000 | -5,188,000 | -5,154,000 | -4,087,000 | -4,087,000 | -4,084,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and goodwill impairment losses | 1,943,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net earnings of unconsolidated joint ventures | 21,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues of operations held for non-sale disposition | 15,159,500 | 20,646,000 | 20,158,000 | 19,834,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses of operations held for non-sale disposition | 13,434,250 | 17,787,000 | 17,912,000 | 18,038,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment losses of operations held for non-sale disposition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings (losses) of unconsolidated joint ventures | 118,750 | 200,000 | 112,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense of operations held for non-sale disposition | -5,411,000 | -13,962,000 | -375,000 | -1,011,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property tax, ground lease, and insurance | 10,663,000 | 10,307,000 | 7,249,000 | 12,272,000 | 12,784,000 | 12,116,000 | 14,277,000 | 13,071,000 | 14,478,000 | 14,903,000 | 15,869,000 | 14,207,000 | 14,845,000 | 14,183,000 | 18,079,000 | 13,389,000 | 13,716,000 | 11,919,000 | 12,201,000 | 10,228,000 | 5,640,000 | 6,392,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic loss attributable to common stockholders per common share | -0.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss attributable to common stockholders per common share | -0.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other impairment losses | 16,011,250 | 2,209,000 | 66,977,000 | 3,716,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues of operations held for non-sale disposition | 1,912,250 | 2,271,000 | 4,013,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses of operations held for non-sale disposition | 1,891,000 | 2,324,000 | 4,660,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss of operations held for non-sale disposition | 2,214,250 | 60,046,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net incomees of unconsolidated joint ventures | -25,185,000 | -515,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net losses of unconsolidated joint ventures | -584,000 | -1,517,000 | -386,250 | -23,000 | -56,000 | -1,466,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available to common stockholders | 0.09 | 0.11 | 0.3 | 0.32 | 0.19 | 0.21 | -0.01 | 0.08 | 0.29 | -0.05 | 0.055 | 0.09 | 0.11 | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income available to common stockholders per common share | -0.17 | 0.11 | 1.05 | 0.335 | 0.19 | 1.1 | 0.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income available to common stockholders per common share | -0.16 | 0.11 | 1.05 | 0.333 | 0.19 | 1.09 | 0.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid per common share | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.32 | 0.32 | 0.32 | 0.3 | 0.3 | 0.3 | 0.214 | 0.285 | 0.285 | 0.285 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 58,717 | 57,799 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses of unconsolidated joint venture | -556,750 | -766,000 | -110,000 | -1,351,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest and discontinued operations | 7,427,250 | 10,026,000 | 22,052,000 | 1,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | -646,000 | -321,000 | -643,000 | -151,000 | 2,579,000 | -39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management and other fees from affiliates | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate general and administrative | 2,205,750 | 3,072,000 | 2,763,000 | 3,519,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred stock compensation | 370,000 | 466,000 | 483,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest, income taxes and discontinued operations | 11,192,000 | 8,206,000 | 7,083,000 | 1,105,000 | -24,379,000 | 6,370,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before discontinued operations | 3,819,750 | 7,885,000 | 6,440,000 | 954,000 | -21,520,000 | 5,916,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income available to common stockholders per common share | 0.075 | 0.09 | 0.17 | 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management and other fees from related parties | 162,750 | 129,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property taxes, ground lease and insurance | 5,214,250 | 7,312,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | -32,738,000 | 17,652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | -70,000 | -415,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in hotel properties | 2,753,361,000 | 2,771,180,000 | 2,779,057,000 | 2,788,498,000 | 2,855,188,000 | 2,856,032,000 | 2,849,875,000 | 2,838,560,000 | 2,588,849,000 | 2,585,279,000 | 2,580,421,000 | 2,830,739,000 | 2,836,894,000 | 2,840,928,000 | 2,850,225,000 | 2,847,800,000 | 2,613,428,000 | 2,720,016,000 | 2,669,169,000 | 2,687,395,000 | 2,439,963,000 | 2,461,498,000 | 2,621,476,000 | 2,645,481,000 | 2,756,412,000 | 2,872,353,000 | 2,910,852,000 | 2,936,678,000 | 2,946,796,000 | 3,030,998,000 | 3,073,622,000 | 3,089,181,000 | 3,110,887,000 | 3,106,066,000 | 3,235,053,000 | 3,104,969,000 | 3,149,472,000 | 3,158,219,000 | 3,234,814,000 | 3,231,669,000 | 3,243,975,000 | 3,229,010,000 | 3,523,290,000 | 3,532,156,000 | 3,537,125,000 | 3,538,129,000 | 3,546,528,000 | 3,230,895,000 | 3,227,779,000 | 3,231,382,000 | 2,977,049,000 | 2,740,949,000 | 2,689,283,000 | 2,681,877,000 | 2,800,682,000 | 2,810,409,000 | 2,761,006,000 | 2,777,826,000 | 2,793,900,000 | 2,813,937,000 | 2,361,863,000 | 2,034,223,000 | 2,028,082,000 | 1,919,125,000 | 1,908,689,000 | 1,923,392,000 | 2,155,052,000 | 2,190,619,000 | 2,437,038,000 | 2,452,811,000 | 2,488,043,000 | 2,467,761,000 | 2,789,153,000 | 2,786,821,000 | 2,816,131,000 | 2,818,465,000 | 2,784,891,000 | 2,477,514,000 | 2,470,950,000 | 2,598,307,000 | 2,396,874,000 | 2,054,001,000 | 1,767,657,000 | 1,537,826,000 | 1,104,034,000 | 1,127,272,000 | |
operating lease right-of-use assets | 4,098,000 | 4,418,000 | 5,477,000 | 6,575,000 | 7,782,000 | 8,464,000 | 9,330,000 | 10,483,000 | 11,619,000 | 12,755,000 | 13,884,000 | 14,999,000 | 16,100,000 | 15,025,000 | 17,866,000 | 18,881,000 | 19,879,000 | 23,161,000 | 23,971,000 | 24,939,000 | 25,196,000 | 26,093,000 | 39,489,000 | 40,351,000 | 41,198,000 | 60,629,000 | 61,512,000 | 62,380,000 | 63,235,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 91,134,000 | 109,189,000 | 121,136,000 | 73,555,000 | 72,334,000 | 107,199,000 | 115,542,000 | 159,151,000 | 400,678,000 | 426,403,000 | 113,768,000 | 107,846,000 | 96,386,000 | 101,223,000 | 117,588,000 | 107,329,000 | 214,905,000 | 120,483,000 | 179,487,000 | 162,898,000 | 320,275,000 | 368,406,000 | 461,288,000 | 540,420,000 | 847,445,000 | 816,857,000 | 730,039,000 | 741,503,000 | 683,995,000 | 809,316,000 | 650,691,000 | 544,900,000 | 467,050,000 | 488,002,000 | 466,519,000 | 597,318,000 | 441,830,000 | 369,537,000 | 367,117,000 | 354,682,000 | 396,669,000 | 499,067,000 | 176,190,000 | 98,760,000 | 156,972,000 | 222,096,000 | 135,427,000 | 360,702,000 | 94,792,000 | 104,363,000 | 100,225,000 | 123,217,000 | 208,313,000 | 157,217,000 | 164,469,000 | 204,549,000 | 126,199,000 | 150,533,000 | 159,974,000 | 144,728,000 | 153,214,000 | 277,976,000 | 71,089,000 | 204,299,000 | 333,519,000 | 358,610,000 | 202,578,000 | 195,073,000 | 136,158,000 | 179,042,000 | 189,098,000 | 38,940,000 | 22,300,000 | 67,412,000 | 34,574,000 | 51,245,000 | 15,104,000 | 29,029,000 | 125,189,000 | 15,665,000 | 19,938,000 | 17,538,000 | 145,624,000 | 61,753,000 | 69,898,000 | 5,966,000 | |
restricted cash | 75,549,000 | 76,531,000 | 76,433,000 | 71,366,000 | 76,460,000 | 73,078,000 | 77,018,000 | 74,853,000 | 70,317,000 | 67,295,000 | 71,228,000 | 55,668,000 | 49,115,000 | 55,983,000 | 50,253,000 | 45,611,000 | 39,484,000 | 42,234,000 | 42,124,000 | 47,490,000 | 44,982,000 | 47,733,000 | 42,346,000 | 45,960,000 | 53,485,000 | 48,116,000 | 46,206,000 | 46,199,000 | 50,746,000 | 53,053,000 | 68,794,000 | 74,989,000 | 79,336,000 | 71,309,000 | 71,546,000 | 66,415,000 | 64,414,000 | 67,923,000 | 67,248,000 | 62,335,000 | 68,313,000 | 76,180,000 | 91,541,000 | 88,456,000 | 87,260,000 | 82,074,000 | 93,124,000 | 87,975,000 | 82,748,000 | 89,306,000 | 84,139,000 | 76,711,000 | 69,423,000 | 78,394,000 | 76,790,000 | 73,306,000 | 71,991,000 | 67,898,000 | 63,767,000 | 61,143,000 | 61,370,000 | 55,972,000 | 72,388,000 | 70,237,000 | 40,520,000 | 39,147,000 | 48,685,000 | 44,925,000 | 37,771,000 | 41,176,000 | 43,007,000 | 43,783,000 | 47,367,000 | 48,442,000 | 56,821,000 | 59,693,000 | 74,937,000 | 65,669,000 | 66,229,000 | 63,519,000 | 56,694,000 | 54,305,000 | 45,528,000 | 34,581,000 | 24,365,000 | 28,910,000 | |
accounts receivable | 45,364,000 | 33,662,000 | 29,444,000 | 42,779,000 | 50,371,000 | 34,109,000 | 34,110,000 | 37,793,000 | 36,694,000 | 31,206,000 | 28,646,000 | 48,043,000 | 41,981,000 | 42,092,000 | 45,750,000 | 42,151,000 | 35,346,000 | 28,733,000 | 28,349,000 | 25,044,000 | 13,163,000 | 8,566,000 | 4,624,000 | 4,448,000 | 23,134,000 | 35,209,000 | 44,021,000 | 48,240,000 | 42,306,000 | 33,844,000 | 44,330,000 | 46,540,000 | 48,589,000 | 34,219,000 | 44,838,000 | 46,319,000 | 50,229,000 | 39,337,000 | 46,260,000 | 46,528,000 | 46,311,000 | 32,024,000 | 47,818,000 | 52,174,000 | 50,907,000 | 34,227,000 | 48,149,000 | 43,093,000 | 38,891,000 | 29,941,000 | 41,223,000 | 34,463,000 | 33,490,000 | 27,498,000 | 28,534,000 | 36,259,000 | 35,275,000 | 32,536,000 | 25,416,000 | 36,760,000 | 29,784,000 | 18,498,000 | 20,246,000 | 26,484,000 | 26,683,000 | 22,624,000 | 24,674,000 | 29,475,000 | 36,944,000 | 35,428,000 | 31,508,000 | 34,888,000 | 45,571,000 | 36,703,000 | 39,934,000 | 48,481,000 | 48,861,000 | 41,695,000 | 40,889,000 | 51,229,000 | 51,197,000 | 42,879,000 | 36,952,000 | 34,751,000 | 26,039,000 | 28,273,000 | |
prepaid expenses and other assets | 40,637,000 | 34,025,000 | 37,942,000 | 28,214,000 | 34,547,000 | 27,757,000 | 30,666,000 | 28,897,000 | 33,943,000 | 26,383,000 | 33,106,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 3,010,143,000 | 3,029,005,000 | 3,049,489,000 | 3,010,987,000 | 3,096,682,000 | 3,106,639,000 | 3,116,541,000 | 3,149,737,000 | 3,142,100,000 | 3,149,321,000 | 3,088,829,000 | 3,086,211,000 | 3,073,172,000 | 3,082,817,000 | 3,110,383,000 | 3,086,623,000 | 2,952,868,000 | 3,041,049,000 | 3,034,595,000 | 3,015,362,000 | 2,916,674,000 | 2,985,717,000 | 3,246,782,000 | 3,423,701,000 | 3,799,540,000 | 3,918,974,000 | 3,898,837,000 | 3,925,740,000 | 3,890,657,000 | 3,972,833,000 | 3,918,613,000 | 3,845,613,000 | 3,752,785,000 | 3,857,812,000 | 3,854,497,000 | 3,841,949,000 | 3,732,481,000 | 3,739,234,000 | 3,739,461,000 | 3,717,140,000 | 3,781,790,000 | 3,863,251,000 | 3,871,783,000 | 3,820,798,000 | 3,881,357,000 | 3,924,965,000 | 3,869,330,000 | 3,782,960,000 | 3,497,042,000 | 3,508,798,000 | 3,255,686,000 | 3,117,156,000 | 3,203,648,000 | 3,136,675,000 | 3,144,942,000 | 3,236,404,000 | 3,064,731,000 | 3,101,240,000 | 3,209,556,000 | 3,231,590,000 | 2,810,159,000 | 2,436,106,000 | 2,373,462,000 | 2,388,382,000 | 2,477,376,000 | 2,513,530,000 | 2,527,813,000 | 2,582,225,000 | 2,736,284,000 | 2,805,611,000 | 2,849,618,000 | 3,043,617,000 | 3,007,362,000 | 3,049,152,000 | 3,060,462,000 | 3,084,347,000 | 3,062,701,000 | 2,760,373,000 | 2,771,374,000 | 2,795,019,000 | 2,593,751,000 | 2,249,189,000 | 2,071,403,000 | 1,770,145,000 | 1,312,049,000 | 1,253,745,000 | 4,223,870 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt, net of unamortized deferred financing costs | 942,715,000 | 918,086,000 | 917,452,000 | 868,695,000 | 841,559,000 | 841,047,000 | 814,112,000 | 814,263,000 | 814,410,000 | 814,559,000 | 814,702,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease obligations | 6,811,000 | 7,348,000 | 8,574,000 | 9,830,000 | 11,196,000 | 12,019,000 | 13,039,000 | 14,345,000 | 15,588,000 | 16,735,000 | 17,884,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 52,541,000 | 63,146,000 | 63,942,000 | 56,749,000 | 58,264,000 | 52,722,000 | 63,644,000 | 57,103,000 | 48,078,000 | 48,410,000 | 60,854,000 | 44,972,000 | 53,061,000 | 56,849,000 | 60,512,000 | 63,451,000 | 55,902,000 | 47,701,000 | 48,740,000 | 41,046,000 | 34,292,000 | 37,326,000 | 44,162,000 | 42,577,000 | 39,072,000 | 35,614,000 | 33,140,000 | 32,092,000 | 34,668,000 | 30,425,000 | 34,844,000 | 37,495,000 | 34,950,000 | 31,810,000 | 30,730,000 | 29,182,000 | 36,327,000 | 36,110,000 | 37,020,000 | 35,017,000 | 39,460,000 | 30,193,000 | 33,401,000 | 35,806,000 | 35,811,000 | 32,577,000 | 32,491,000 | 30,192,000 | 31,470,000 | 25,116,000 | 25,806,000 | 24,156,000 | 29,801,000 | 22,646,000 | 25,267,000 | 25,509,000 | 22,370,000 | 26,854,000 | 26,257,000 | 28,044,000 | 29,841,000 | 21,530,000 | 17,963,000 | 12,673,000 | 12,652,000 | 12,425,000 | 22,623,000 | 20,936,000 | 18,474,000 | 18,396,000 | 23,815,000 | 28,837,000 | 34,064,000 | 28,540,000 | 30,270,000 | 30,642,000 | 37,470,000 | 31,912,000 | 30,897,000 | 27,382,000 | 32,046,000 | 22,293,000 | 22,831,000 | 21,745,000 | 17,363,000 | 25,021,000 | |
dividends and distributions payable | 21,305,000 | 22,975,000 | 22,060,000 | 22,314,000 | 22,742,000 | 24,137,000 | 22,619,000 | 22,987,000 | 18,243,000 | 29,965,000 | 17,765,000 | 14,891,000 | 14,231,000 | 13,995,000 | 13,961,000 | 3,112,000 | 2,225,000 | 3,207,000 | 3,208,000 | 3,208,000 | 3,207,000 | 13,984,000 | 135,872,000 | 14,451,000 | 14,618,000 | 14,636,000 | 126,461,000 | 14,620,000 | 14,620,000 | 14,488,000 | 133,894,000 | 14,474,000 | 14,465,000 | 14,228,000 | 119,847,000 | 14,033,000 | 13,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 82,472,000 | 72,832,000 | 77,866,000 | 73,413,000 | 85,413,000 | 72,694,000 | 78,332,000 | 76,112,000 | 84,485,000 | 73,014,000 | 74,542,000 | 11,144,000 | 14,102,000 | 11,957,000 | 9,575,000 | 9,118,000 | 9,143,000 | 11,656,000 | 14,495,000 | 13,612,000 | 14,679,000 | 17,494,000 | 25,909,000 | 25,374,000 | 24,818,000 | 18,136,000 | 19,824,000 | 19,176,000 | 17,991,000 | 30,703,000 | 30,981,000 | 30,802,000 | 31,041,000 | 28,989,000 | 29,774,000 | 36,631,000 | 36,917,000 | 36,650,000 | 42,677,000 | 44,945,000 | 41,052,000 | 34,744,000 | 35,258,000 | 35,265,000 | 34,670,000 | 33,607,000 | 34,934,000 | 34,106,000 | 40,610,000 | 39,958,000 | 39,901,000 | 38,955,000 | 32,583,000 | 15,070,000 | 14,789,000 | 13,810,000 | 13,284,000 | 11,056,000 | 10,723,000 | 10,263,000 | 9,517,000 | 8,742,000 | 7,923,000 | 7,692,000 | 7,753,000 | 7,256,000 | 6,496,000 | 6,562,000 | 6,888,000 | 6,545,000 | 6,273,000 | 6,144,000 | 6,066,000 | 6,034,000 | 6,188,000 | 6,641,000 | 6,958,000 | 6,429,000 | 6,177,000 | 6,321,000 | 8,478,000 | 8,782,000 | 8,608,000 | 2,539,000 | 2,929,000 | 2,968,000 | |
total liabilities | 1,105,844,000 | 1,084,387,000 | 1,089,894,000 | 1,031,001,000 | 1,019,174,000 | 1,002,619,000 | 991,746,000 | 984,810,000 | 980,804,000 | 982,683,000 | 1,001,144,000 | 985,087,000 | 1,000,770,000 | 997,856,000 | 1,006,727,000 | 983,178,000 | 744,859,000 | 801,275,000 | 932,132,000 | 912,057,000 | 885,061,000 | 896,338,000 | 1,118,737,000 | 1,203,709,000 | 1,462,534,000 | 1,297,903,000 | 1,186,318,000 | 1,187,674,000 | 1,180,370,000 | 1,261,662,000 | 1,158,173,000 | 1,160,282,000 | 1,149,928,000 | 1,275,634,000 | 1,159,150,000 | 1,151,283,000 | 1,155,268,000 | 1,207,402,000 | 1,176,205,000 | 1,177,593,000 | 1,252,480,000 | 1,512,131,000 | 1,490,963,000 | 1,488,099,000 | 1,589,331,000 | 1,656,131,000 | 1,556,685,000 | 1,549,302,000 | 1,556,909,000 | 1,556,399,000 | 1,566,849,000 | 1,432,984,000 | 1,437,000,000 | 1,517,362,000 | 1,528,009,000 | 1,651,055,000 | 1,659,706,000 | 1,675,946,000 | 1,782,712,000 | 1,780,880,000 | 1,563,941,000 | 1,236,807,000 | 1,396,777,000 | 1,431,021,000 | 1,515,927,000 | 1,526,867,000 | 1,568,191,000 | 1,600,501,000 | 1,719,208,000 | 1,807,610,000 | 1,829,539,000 | 1,840,765,000 | 1,849,211,000 | 1,855,721,000 | 1,871,868,000 | 1,876,676,000 | 1,943,498,000 | 1,623,294,000 | 1,623,172,000 | 1,626,161,000 | 1,479,591,000 | 1,290,164,000 | 1,119,975,000 | 1,049,570,000 | 741,368,000 | 791,583,000 | |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 176,250,000 | 121,250,000 | 121,250,000 | 121,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both march 31, 2026 and december 31, 2025, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,303,141 shares issued and outstanding at march 31, 2026 and 4,545,903 shares issued and outstanding at december 31, 2025, stated at liquidation preference of 25.00 per share | 107,579,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 3,868,640 shares issued and outstanding at march 31, 2026 and 3,990,973 shares issued and outstanding at december 31, 2025, stated at liquidation preference of 25.00 per share | 96,716,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 1,870,000 | 1,897,000 | 1,899,000 | 1,902,000 | 2,004,000 | 2,008,000 | 2,009,000 | 2,034,000 | 2,037,000 | 2,035,000 | 2,056,000 | 2,072,000 | 2,074,000 | 2,093,000 | 2,116,000 | 2,125,000 | 2,157,000 | 2,193,000 | 2,193,000 | 2,190,000 | 2,162,000 | 2,156,000 | 2,156,000 | 2,156,000 | 2,155,000 | 2,249,000 | 2,249,000 | 2,282,000 | 2,286,000 | 2,282,000 | 2,282,000 | 2,283,000 | 2,256,000 | 2,253,000 | 2,253,000 | 2,252,000 | 2,204,000 | 2,201,000 | 2,165,000 | 2,166,000 | 2,165,000 | 2,076,000 | 2,076,000 | 2,076,000 | 2,075,000 | 2,048,000 | 2,035,000 | 1,994,000 | 1,814,000 | 1,809,000 | 1,609,000 | 1,609,000 | 1,608,000 | 1,352,000 | 1,352,000 | 1,352,000 | 1,176,000 | 1,173,000 | 1,173,000 | 1,172,000 | 1,172,000 | 1,170,000 | 973,000 | 972,000 | 971,000 | 969,000 | 739,000 | 738,000 | 530,000 | 479,000 | 478,000 | 582,000 | 582,000 | 588,000 | 588,000 | 593,000 | 578,000 | 578,000 | 577,000 | 577,000 | 577,000 | 522,000 | 479,000 | 419,000 | 345,000 | 345,000 | |
additional paid in capital | 2,268,217,000 | 2,298,398,000 | 2,298,073,000 | 2,298,245,000 | 2,385,648,000 | 2,395,702,000 | 2,394,525,000 | 2,415,764,000 | 2,416,085,000 | 2,416,417,000 | 2,434,649,000 | 2,446,047,000 | 2,446,185,000 | 2,465,595,000 | 2,487,931,000 | 2,494,238,000 | 2,588,405,000 | 2,631,484,000 | 2,629,148,000 | 2,626,582,000 | 2,585,455,000 | 2,586,108,000 | 2,584,005,000 | 2,581,637,000 | 2,578,445,000 | 2,683,913,000 | 2,681,754,000 | 2,723,737,000 | 2,726,466,000 | 2,728,684,000 | 2,726,523,000 | 2,724,379,000 | 2,677,099,000 | 2,679,221,000 | 2,677,251,000 | 2,672,216,000 | 2,594,724,000 | 2,596,620,000 | 2,540,782,000 | 2,539,278,000 | 2,535,141,000 | 2,458,735,000 | 2,457,566,000 | 2,456,604,000 | 2,454,720,000 | 2,418,567,000 | 2,397,196,000 | 2,335,709,000 | 2,071,421,000 | 2,068,721,000 | 1,796,656,000 | 1,795,295,000 | 1,793,825,000 | 1,493,397,000 | 1,492,528,000 | 1,491,639,000 | 1,313,581,000 | 1,312,566,000 | 1,311,918,000 | 1,311,037,000 | 1,314,099,000 | 1,313,498,000 | 1,121,460,000 | 1,120,657,000 | 1,119,967,000 | 1,119,005,000 | 960,089,000 | 959,157,000 | 859,424,000 | 807,475,000 | 806,838,000 | 978,167,000 | 976,959,000 | 987,554,000 | 986,567,000 | 998,912,000 | 959,786,000 | 958,887,000 | 958,009,000 | 957,526,000 | 957,208,000 | 804,992,000 | 737,639,000 | 599,813,000 | 448,648,000 | 452,124,000 | |
distributions in excess of retained earnings | -636,333,000 | -635,349,000 | -621,627,000 | -601,411,000 | -591,394,000 | -574,940,000 | -552,989,000 | -534,121,000 | -538,076,000 | -533,064,000 | -630,270,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 1,904,299,000 | 1,944,618,000 | 1,959,595,000 | 1,979,986,000 | 2,077,508,000 | 2,104,020,000 | 2,124,795,000 | 2,164,927,000 | 2,161,296,000 | 2,166,638,000 | 2,087,685,000 | 2,101,124,000 | 2,072,402,000 | 2,084,961,000 | 2,103,656,000 | 2,103,445,000 | 2,166,068,000 | 2,198,967,000 | 2,061,991,000 | 2,063,766,000 | 1,991,478,000 | 2,048,644,000 | 2,087,748,000 | 2,177,879,000 | 2,293,231,000 | 2,574,838,000 | 2,664,135,000 | 2,689,565,000 | 2,662,953,000 | 2,663,486,000 | 2,711,455,000 | 2,634,722,000 | 2,553,147,000 | 2,533,738,000 | 2,646,266,000 | 2,640,791,000 | 2,528,484,000 | 2,482,770,000 | 2,513,567,000 | 2,488,723,000 | 2,478,116,000 | 2,300,801,000 | 2,328,702,000 | 2,279,368,000 | 2,239,041,000 | 2,216,697,000 | 2,258,746,000 | 2,177,940,000 | 1,883,966,000 | 1,898,450,000 | 1,633,101,000 | 1,628,134,000 | 1,611,391,000 | 1,463,896,000 | 1,460,012,000 | 1,427,772,000 | 1,245,310,000 | 1,265,257,000 | 1,266,336,000 | 1,289,413,000 | 1,146,100,000 | 1,099,299,000 | 876,685,000 | 857,365,000 | 861,503,000 | 886,767,000 | 859,776,000 | 881,928,000 | 917,330,000 | 898,305,000 | 920,433,000 | 1,103,256,000 | 1,058,605,000 | 1,093,935,000 | 1,089,148,000 | 1,108,275,000 | 1,019,857,000 | 1,037,783,000 | 1,048,956,000 | 1,069,662,000 | 1,015,014,000 | 859,929,000 | 799,932,000 | 671,940,000 | 526,754,000 | 100 | |
total liabilities and stockholders' equity | 3,010,143,000 | 3,029,005,000 | 3,049,489,000 | 3,010,987,000 | 3,096,682,000 | 3,106,639,000 | 3,116,541,000 | 3,149,737,000 | 3,142,100,000 | 3,088,829,000 | 3,086,211,000 | 3,073,172,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both december 31, 2025 and 2024, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,545,903 shares issued and outstanding at december 31, 2025 and 4,600,000 shares issued and outstanding at december 31, 2024, stated at liquidation preference of 25.00 per share | 113,648,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 3,990,973 shares issued and outstanding at december 31, 2025 and 4,000,000 shares issued and outstanding at december 31, 2024, stated at liquidation preference of 25.00 per share | 99,774,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both september 30, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both september 30, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both september 30, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both june 30, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both june 30, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both june 30, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both march 31, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both march 31, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both march 31, 2025 and december 31, 2024, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both december 31, 2024 and 2023, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both december 31, 2024 and 2023, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both december 31, 2024 and 2023, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both september 30, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both september 30, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both september 30, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both june 30, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both june 30, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both june 30, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both march 31, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both march 31, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both march 31, 2024 and december 31, 2023, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both december 31, 2023 and 2022, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both december 31, 2023 and 2022, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both december 31, 2023 and 2022, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 3,149,321,000 | 3,082,817,000 | 3,110,383,000 | 3,086,623,000 | 2,952,868,000 | 3,041,049,000 | 3,034,595,000 | 3,015,362,000 | 2,916,674,000 | 2,985,717,000 | 3,246,782,000 | 3,423,701,000 | 3,799,540,000 | 3,918,974,000 | 3,898,837,000 | 3,925,740,000 | 3,890,657,000 | 3,972,833,000 | 3,918,613,000 | 3,845,613,000 | 3,752,785,000 | 3,857,812,000 | 3,854,497,000 | 3,841,949,000 | 3,732,481,000 | 3,739,234,000 | 3,739,461,000 | 3,717,140,000 | 3,781,790,000 | 3,863,251,000 | 3,871,783,000 | 3,820,798,000 | 3,881,357,000 | 3,924,965,000 | 3,869,330,000 | 3,782,960,000 | 3,497,042,000 | 3,508,798,000 | 3,255,686,000 | 3,117,156,000 | 3,203,648,000 | 3,136,675,000 | 3,144,942,000 | 3,236,404,000 | 3,064,731,000 | 3,101,240,000 | 3,209,556,000 | 3,231,590,000 | 2,810,159,000 | ||||||||||||||||||||||||||||||||||||||
assets held for sale | 247,776,000 | 76,308,000 | 13,759,000 | 76,683,000 | 18,481,000 | 33,312,000 | 42,389,000 | 122,807,000 | 79,113,000 | 132,335,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of assets held for sale | 15,397,000 | 25,213,000 | 5,490,000 | 12,446,000 | 3,459,000 | 4,061,000 | 189,000 | 3,153,000 | 8,228,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both september 30, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both september 30, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both september 30, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 15,268,000 | 20,502,000 | 14,668,000 | 14,374,000 | 14,137,000 | 18,137,000 | 14,338,000 | 18,512,000 | 7,413,000 | 11,434,000 | 10,440,000 | 14,500,000 | 8,026,000 | 14,192,000 | 13,550,000 | 14,359,000 | 8,720,000 | 15,342,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 226,825,000 | 207,984,000 | 213,966,000 | 227,965,000 | 209,228,000 | 307,872,000 | 282,096,000 | 282,231,000 | 242,845,000 | 389,854,000 | 435,145,000 | 522,758,000 | 675,537,000 | 938,256,000 | 913,732,000 | 853,106,000 | 844,662,000 | 792,389,000 | 908,474,000 | 809,972,000 | 721,330,000 | 608,882,000 | 728,124,000 | 594,657,000 | 720,104,000 | 570,977,000 | 567,624,000 | 492,963,000 | 473,171,000 | 525,427,000 | 619,545,000 | 328,789,000 | 252,356,000 | 312,400,000 | 354,745,000 | 290,510,000 | 504,616,000 | 230,392,000 | 237,686,000 | 237,690,000 | 314,158,000 | 462,078,000 | 407,560,000 | 282,011,000 | 368,145,000 | 246,439,000 | 263,853,000 | 279,452,000 | 268,803,000 | 376,400,000 | 363,230,000 | 309,603,000 | 437,636,000 | 534,515,000 | 557,361,000 | 305,621,000 | 320,092,000 | 222,839,000 | 266,369,000 | 275,896,000 | 487,693,000 | 130,442,000 | 165,700,000 | 145,533,000 | 169,631,000 | 152,182,000 | 147,871,000 | 243,988,000 | 140,401,000 | 139,176,000 | 124,076,000 | 234,224,000 | 136,400,000 | 126,775,000 | 68,115,000 | ||||||||||||
deferred financing costs | 4,329,000 | 4,680,000 | 5,031,000 | 5,382,000 | 1,406,000 | 2,080,000 | 2,580,000 | 2,928,000 | 3,403,000 | 3,879,000 | 4,354,000 | 3,686,000 | 2,305,000 | 2,511,000 | 2,718,000 | 2,924,000 | 3,131,000 | 3,338,000 | 3,544,000 | 524,000 | 8,907,000 | 7,300,000 | 8,405,000 | 9,153,000 | 9,572,000 | 11,379,000 | 11,767,000 | 12,136,000 | 12,545,000 | 12,964,000 | 13,449,000 | 13,348,000 | 7,226,000 | 7,381,000 | 7,610,000 | 8,690,000 | 8,482,000 | 8,299,000 | 7,401,000 | 7,476,000 | 6,721,000 | 7,634,000 | |||||||||||||||||||||||||||||||||||||||||||||
other assets | 9,319,000 | 7,514,000 | 7,867,000 | 8,945,000 | 9,308,000 | 9,609,000 | 13,196,000 | 11,217,000 | 11,333,000 | 11,968,000 | 12,445,000 | 12,824,000 | 13,110,000 | 13,879,000 | 21,890,000 | 22,424,000 | 23,898,000 | 29,540,000 | 29,817,000 | 34,495,000 | 34,317,000 | 31,971,000 | 22,317,000 | 23,221,000 | 15,050,000 | 9,945,000 | 9,389,000 | 9,091,000 | 9,457,000 | 9,286,000 | 9,396,000 | 8,077,000 | 16,329,000 | 14,855,000 | 14,485,000 | 14,987,000 | 30,297,000 | 20,983,000 | 21,106,000 | 21,587,000 | 42,191,000 | 31,709,000 | 25,902,000 | 26,441,000 | 20,083,000 | 18,838,000 | 19,577,000 | 99,757,000 | 111,840,000 | 37,723,000 | 12,815,000 | 14,137,000 | 9,427,000 | 9,467,000 | 6,218,000 | 12,220,000 | 12,833,000 | 15,471,000 | 18,238,000 | 14,087,000 | 15,457,000 | 13,721,000 | 17,074,000 | 16,838,000 | 13,565,000 | 14,556,000 | 21,971,000 | 11,583,000 | 6,200,000 | 8,755,000 | 18,780,000 | 27,432,000 | 33,843,000 | 15,484,000 | 14,708,000 | ||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued payroll and employee benefits | 18,501,000 | 17,475,000 | 22,801,000 | 22,413,000 | 18,716,000 | 14,800,000 | 19,753,000 | 18,057,000 | 17,429,000 | 13,435,000 | 15,392,000 | 15,747,000 | 14,845,000 | 17,142,000 | 25,002,000 | 21,371,000 | 20,407,000 | 17,102,000 | 25,039,000 | 21,196,000 | 19,776,000 | 18,174,000 | 26,687,000 | 23,020,000 | 20,231,000 | 17,078,000 | 24,896,000 | 22,486,000 | 20,942,000 | 18,911,000 | 28,023,000 | 30,495,000 | 25,886,000 | 22,964,000 | 31,919,000 | 30,867,000 | 26,463,000 | 22,322,000 | 29,933,000 | 28,650,000 | 22,417,000 | 19,027,000 | 23,734,000 | 22,326,000 | 18,662,000 | 16,423,000 | 20,863,000 | 19,520,000 | 17,013,000 | 13,713,000 | 12,938,000 | 10,591,000 | 9,497,000 | 7,580,000 | 9,092,000 | 8,429,000 | 7,382,000 | 7,947,000 | 8,878,000 | 11,095,000 | 10,522,000 | 11,753,000 | 18,133,000 | 18,073,000 | 15,675,000 | 11,446,000 | 12,338,000 | 11,888,000 | 10,832,000 | 7,742,000 | 8,960,000 | 6,252,000 | 4,421,000 | 3,606,000 | 5,814,000 | ||||||||||||
other current liabilities | 66,481,000 | 74,125,000 | 65,213,000 | 68,920,000 | 63,715,000 | 65,671,000 | 58,884,000 | 57,129,000 | 50,693,000 | 31,013,000 | 32,606,000 | 36,562,000 | 36,500,000 | 33,831,000 | 46,955,000 | 45,843,000 | 47,907,000 | 39,912,000 | 44,962,000 | 47,390,000 | 46,662,000 | 43,073,000 | 44,502,000 | 47,601,000 | 46,111,000 | 43,786,000 | 39,869,000 | 44,372,000 | 44,401,000 | 45,479,000 | 41,877,000 | 50,341,000 | 44,174,000 | 44,159,000 | 36,466,000 | 43,755,000 | 38,173,000 | 37,061,000 | 30,288,000 | 36,097,000 | 33,356,000 | 35,193,000 | 30,304,000 | 37,829,000 | 37,474,000 | 31,164,000 | 28,465,000 | 31,896,000 | 27,662,000 | 24,187,000 | 17,692,000 | 22,731,000 | 21,907,000 | 25,880,000 | 21,910,000 | 30,361,000 | 27,722,000 | 30,241,000 | 32,439,000 | 35,824,000 | 37,784,000 | 37,072,000 | 39,817,000 | 44,110,000 | 35,534,000 | 36,561,000 | 32,354,000 | 32,903,000 | 35,901,000 | 33,637,000 | 29,414,000 | 27,605,000 | 20,527,000 | 20,169,000 | 18,902,000 | ||||||||||||
current portion of notes payable | 2,065,000 | 222,043,000 | 222,030,000 | 2,088,000 | 1,646,000 | 109,741,000 | 20,694,000 | 87,396,000 | 2,331,000 | 2,295,000 | 2,261,000 | 188,096,000 | 188,757,000 | 82,189,000 | 82,109,000 | 6,271,000 | 6,167,000 | 6,064,000 | 5,838,000 | 5,913,000 | 5,653,000 | 5,569,000 | 5,477,000 | 9,161,000 | 9,023,000 | 8,898,000 | 184,929,000 | 251,276,000 | 251,719,000 | 149,021,000 | 85,776,000 | 206,822,000 | 135,825,000 | 235,970,000 | 121,328,000 | 159,696,000 | 122,835,000 | 24,008,000 | 23,289,000 | 23,351,000 | 20,571,000 | 19,757,000 | 76,723,000 | 77,579,000 | 78,912,000 | 111,346,000 | 53,935,000 | 324,279,000 | 292,189,000 | 288,699,000 | 16,486,000 | 94,810,000 | 93,401,000 | 154,047,000 | 153,778,000 | 288,863,000 | 18,668,000 | 13,703,000 | 13,002,000 | 12,315,000 | 11,396,000 | 10,839,000 | 9,815,000 | 9,111,000 | 21,326,000 | 24,542,000 | 23,231,000 | 16,959,000 | 2,161,000 | 3,309,000 | 4,387,000 | 4,297,000 | 2,716,000 | 215,073,000 | 45,009,000 | ||||||||||||
total current liabilities | 146,910,000 | 380,935,000 | 380,888,000 | 167,894,000 | 151,888,000 | 249,887,000 | 175,758,000 | 219,924,000 | 113,724,000 | 84,242,000 | 90,793,000 | 287,775,000 | 285,886,000 | 186,218,000 | 325,552,000 | 133,522,000 | 121,191,000 | 112,382,000 | 232,725,000 | 127,422,000 | 128,267,000 | 116,254,000 | 242,559,000 | 124,986,000 | 119,012,000 | 120,317,000 | 408,804,000 | 369,187,000 | 365,977,000 | 266,463,000 | 450,993,000 | 333,789,000 | 254,426,000 | 351,638,000 | 298,984,000 | 279,379,000 | 230,033,000 | 126,328,000 | 120,069,000 | 124,348,000 | 102,800,000 | 107,690,000 | 200,005,000 | 179,488,000 | 224,629,000 | 197,176,000 | 146,781,000 | 428,395,000 | 390,760,000 | 390,770,000 | 101,248,000 | 349,097,000 | 379,707,000 | 460,923,000 | 469,592,000 | 430,507,000 | 162,790,000 | 91,813,000 | 101,302,000 | 119,965,000 | 127,914,000 | 133,871,000 | 137,351,000 | 141,910,000 | 143,572,000 | 149,210,000 | 140,268,000 | 133,461,000 | 118,215,000 | 118,371,000 | 104,591,000 | 95,352,000 | 82,551,000 | 285,819,000 | 121,163,000 | ||||||||||||
notes payable, less current portion | 812,766,000 | 590,308,000 | 590,651,000 | 810,909,000 | 802,376,000 | 464,601,000 | 588,741,000 | 655,713,000 | 741,337,000 | 741,922,000 | 742,528,000 | 743,545,000 | 829,673,000 | 1,187,468,000 | 888,954,000 | 966,496,000 | 968,090,000 | 969,657,000 | 971,225,000 | 972,814,000 | 974,309,000 | 975,779,000 | 977,282,000 | 977,634,000 | 980,066,000 | 982,460,000 | 746,374,000 | 748,767,000 | 751,096,000 | 929,390,000 | 1,010,819,000 | 1,106,341,000 | 1,182,832,000 | 1,187,447,000 | 1,307,964,000 | 1,226,796,000 | 1,269,587,000 | 1,374,394,000 | 1,380,786,000 | 1,387,006,000 | 1,275,626,000 | 1,281,112,000 | 1,286,666,000 | 1,318,102,000 | 1,396,980,000 | 1,449,246,000 | 1,516,542,000 | 1,342,022,000 | 1,379,356,000 | 1,163,654,000 | 1,126,817,000 | 1,039,757,000 | 1,043,622,000 | 1,047,251,000 | 1,050,019,000 | 1,131,188,000 | 1,431,149,000 | 1,620,507,000 | 1,699,763,000 | 1,703,301,000 | 1,706,707,000 | 1,709,274,000 | 1,712,336,000 | 1,723,770,000 | 1,726,463,000 | 1,787,330,000 | 1,476,597,000 | 1,483,534,000 | 1,501,625,000 | 1,352,742,000 | 1,176,791,000 | 1,016,015,000 | 964,480,000 | 437,954,000 | 667,452,000 | ||||||||||||
operating lease obligations, less current portion | 14,267,000 | 15,425,000 | 14,360,000 | 18,349,000 | 19,796,000 | 21,228,000 | 25,120,000 | 26,432,000 | 27,816,000 | 28,649,000 | 29,954,000 | 45,939,000 | 47,206,000 | 48,460,000 | 49,691,000 | 50,905,000 | 52,097,000 | 53,276,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both june 30, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both june 30, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both june 30, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 1,099,518,000 | 1,056,440,000 | 1,035,353,000 | 1,017,890,000 | 997,402,000 | 962,053,000 | 948,064,000 | 810,075,000 | 833,132,000 | 860,454,000 | 913,766,000 | 951,765,000 | 1,041,056,000 | 1,156,394,000 | 1,318,455,000 | 1,274,039,000 | 1,243,002,000 | 1,199,039,000 | 1,182,722,000 | 1,106,391,000 | 1,017,181,000 | 968,293,000 | 932,277,000 | 912,881,000 | 897,968,000 | 848,736,000 | 786,901,000 | 753,725,000 | 716,351,000 | 652,270,000 | 652,858,000 | 416,804,000 | 355,702,000 | 304,525,000 | 305,627,000 | 292,366,000 | 260,518,000 | 218,642,000 | 224,364,000 | 219,837,000 | 205,788,000 | 187,005,000 | 158,376,000 | 147,329,000 | 108,600,000 | 97,052,000 | 110,580,000 | 103,091,000 | 119,613,000 | 80,928,000 | 29,593,000 | -30,040,000 | -8,949,000 | 119,016,000 | 136,964,000 | 267,169,000 | 265,951,000 | 272,290,000 | 261,481,000 | 192,263,000 | 191,208,000 | 161,412,000 | 144,845,000 | 70,373,000 | 65,545,000 | 53,721,000 | 52,185,000 | 30,133,000 | |||||||||||||||||||
cumulative dividends and distributions | -1,727,763,000 | -1,713,547,000 | -1,699,330,000 | -1,685,531,000 | -1,671,570,000 | -1,667,797,000 | -1,664,024,000 | -1,660,675,000 | -1,654,388,000 | -1,646,593,000 | -1,643,386,000 | -1,640,178,000 | -1,636,970,000 | -1,633,763,000 | -1,619,779,000 | -1,483,907,000 | -1,469,456,000 | -1,454,838,000 | -1,440,202,000 | -1,313,741,000 | -1,299,121,000 | -1,284,501,000 | -1,270,013,000 | -1,136,119,000 | -1,121,645,000 | -1,107,180,000 | -1,092,952,000 | -973,105,000 | -959,072,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both march 31, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both march 31, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both march 31, 2023 and december 31, 2022, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both december 31, 2022 and 2021, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both december 31, 2022 and 2021, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both december 31, 2022 and 2021, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in consolidated joint venture | 41,941,000 | 40,807,000 | 40,472,000 | 39,539,000 | 40,135,000 | 40,735,000 | 40,297,000 | 42,113,000 | 43,775,000 | 46,233,000 | 48,384,000 | 48,501,000 | 47,334,000 | 47,685,000 | 48,985,000 | 50,609,000 | 49,710,000 | 48,440,000 | 49,081,000 | 49,875,000 | 48,729,000 | 49,062,000 | 49,689,000 | 50,824,000 | 51,194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 2,084,961,000 | 2,103,656,000 | 2,103,445,000 | 2,208,009,000 | 2,239,774,000 | 2,102,463,000 | 2,103,305,000 | 2,031,613,000 | 2,089,379,000 | 2,128,045,000 | 2,219,992,000 | 2,337,006,000 | 2,621,071,000 | 2,712,519,000 | 2,738,066,000 | 2,710,287,000 | 2,711,171,000 | 2,760,440,000 | 2,685,331,000 | 2,602,857,000 | 2,582,178,000 | 2,695,347,000 | 2,690,666,000 | 2,577,213,000 | 2,531,832,000 | 2,563,256,000 | 2,539,547,000 | 2,529,310,000 | 2,351,120,000 | 2,380,820,000 | 2,332,699,000 | 2,292,026,000 | 2,268,834,000 | 2,312,645,000 | 2,233,658,000 | 1,940,133,000 | 1,952,399,000 | 1,688,837,000 | 1,684,172,000 | 1,666,648,000 | 1,519,313,000 | 1,516,933,000 | 1,485,349,000 | 1,305,025,000 | 1,325,294,000 | 1,326,844,000 | 1,350,710,000 | 1,146,218,000 | |||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both september 30, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both september 30, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both september 30, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 4,360,000 | 3,773,000 | 3,513,000 | 13,592,000 | 265,124,000 | 12,730,000 | 12,735,000 | 12,734,000 | 76,694,000 | 12,570,000 | 12,370,000 | 11,467,000 | 11,443,000 | 10,444,000 | 2,300,000 | 3,912,000 | 7,437,000 | 7,437,000 | 7,437,000 | 7,437,000 | 7,437,000 | 7,437,000 | 7,310,000 | 5,137,000 | 5,137,000 | 5,137,000 | 5,137,000 | 5,137,000 | 5,137,000 | 5,137,000 | 5,138,000 | 5,137,000 | 12,499,000 | 22,199,000 | 25,775,000 | 25,784,000 | 25,995,000 | 24,178,000 | 25,196,000 | 23,949,000 | 23,826,000 | 22,673,000 | 22,672,000 | 21,553,000 | 19,831,000 | 17,819,000 | 14,874,000 | 10,358,000 | 9,962,000 | ||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both june 30, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both june 30, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both june 30, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares issued and outstanding at both march 31, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at both march 31, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares issued and outstanding at both march 31, 2022 and december 31, 2021, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease right-of-use asset | 45,079,000 | 45,447,000 | 45,814,000 | 46,182,000 | 46,549,000 | 46,917,000 | 47,284,000 | 47,652,000 | 48,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease obligation, less current portion | 15,568,000 | 15,568,000 | 15,569,000 | 15,569,000 | 15,569,000 | 15,570,000 | 15,570,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, zero shares and 4,600,000 shares issued and outstanding at december 31, 2021 and 2020, respectively, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, zero shares and 3,000,000 shares issued and outstanding at december 31, 2021 and 2020, respectively, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares and zero shares issued and outstanding at december 31, 2021 and 2020, respectively, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares and zero shares issued and outstanding at december 31, 2021 and 2020, respectively, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares and zero shares issued and outstanding at december 31, 2021 and 2020, respectively, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, zero shares and 4,600,000 shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, zero shares and 3,000,000 shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares and zero shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares and zero shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.70% series i cumulative redeemable preferred stock, 4,000,000 shares and zero shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively, stated at liquidation preference of 25.00 per share | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, zero shares and 4,600,000 shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at june 30, 2021 and december 31, 2020, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series g cumulative redeemable preferred stock, 2,650,000 shares and zero shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively, stated at liquidation preference of 25.00 per share | 66,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% series h cumulative redeemable preferred stock, 4,600,000 shares and zero shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2021 and december 31, 2020, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at march 31, 2021 and december 31, 2020, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2020 and 2019, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at december 31, 2020 and 2019, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2020 and december 31, 2019, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at september 30, 2020 and december 31, 2019, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2020 and december 31, 2019, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at june 30, 2020 and december 31, 2019, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2020 and december 31, 2019, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at march 31, 2020 and december 31, 2019, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease obligations, less current portion | 15,570,000 | 15,571,000 | 27,120,000 | 27,064,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2019 and 2018, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at december 31, 2019 and 2018, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2019 and december 31, 2018, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at september 30, 2019 and december 31, 2018, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease right-of-use assets | 54,991,000 | 55,359,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2019 and december 31, 2018, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at june 30, 2019 and december 31, 2018, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2019 and december 31, 2018, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at march 31, 2019 and december 31, 2018, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 1,078,000 | 1,055,000 | 1,223,000 | 1,375,000 | 1,323,000 | 1,236,000 | 1,235,000 | 1,252,000 | 1,225,000 | 1,365,000 | 1,307,000 | 1,356,000 | 1,395,000 | 1,363,000 | 1,350,000 | 1,371,000 | 1,439,000 | 1,339,000 | 1,275,000 | 1,335,000 | 1,464,000 | 1,288,000 | 1,200,000 | 1,235,000 | 1,377,000 | 2,664,000 | 2,666,000 | 2,638,000 | 2,608,000 | 2,388,000 | 2,276,000 | 2,674,000 | 2,614,000 | 2,412,000 | 2,282,000 | 2,395,000 | 2,446,000 | 2,560,000 | 2,553,000 | 3,026,000 | 3,183,000 | 3,117,000 | 2,990,000 | 3,287,000 | 3,190,000 | 3,157,000 | 3,073,000 | 3,074,000 | 3,089,000 | 3,005,000 | 3,183,000 | 2,841,000 | 2,814,000 | 2,517,000 | 2,342,000 | 2,394,000 | 2,522,000 | ||||||||||||||||||||||||||||||
prepaid expenses | 11,183,000 | 11,790,000 | 11,289,000 | 12,532,000 | 10,464,000 | 10,518,000 | 8,817,000 | 13,252,000 | 10,489,000 | 10,973,000 | 8,319,000 | 12,778,000 | 10,879,000 | 11,877,000 | 11,616,000 | 15,890,000 | 14,909,000 | 12,471,000 | 11,571,000 | 12,626,000 | 12,612,000 | 10,815,000 | 6,280,000 | 10,183,000 | 10,739,000 | 9,554,000 | 9,382,000 | 10,336,000 | 10,272,000 | 9,611,000 | 6,036,000 | 10,006,000 | 8,126,000 | 10,035,000 | 5,330,000 | 7,355,000 | 7,423,000 | 8,724,000 | 6,436,000 | 8,824,000 | 7,431,000 | 9,061,000 | 5,997,000 | 11,785,000 | 9,021,000 | 9,715,000 | 5,824,000 | 8,922,000 | 7,006,000 | 7,374,000 | 5,194,000 | 6,482,000 | 4,187,000 | 3,516,000 | 2,760,000 | 3,299,000 | 2,297,000 | ||||||||||||||||||||||||||||||
capital lease obligations, less current portion | 27,009,000 | 26,956,000 | 26,904,000 | 26,854,000 | 26,804,000 | 26,756,000 | 15,574,000 | 15,574,000 | 15,574,000 | 15,574,000 | 15,575,000 | 15,575,000 | 15,575,000 | 15,575,000 | 15,576,000 | 15,576,000 | 15,576,000 | 15,576,000 | 15,576,000 | 15,577,000 | 15,586,000 | 15,594,000 | 15,603,000 | 15,615,000 | 15,621,000 | 15,630,000 | 15,636,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2018 and 2017, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at december 31, 2018 and 2017, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2018 and december 31, 2017, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at september 30, 2018 and december 31, 2017, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing fees | 785,000 | 1,045,000 | 1,305,000 | 1,566,000 | 1,826,000 | 2,087,000 | 4,002,000 | 2,593,000 | 2,843,000 | 3,102,000 | 4,310,000 | 10,637,000 | 10,552,000 | 7,572,000 | 8,201,000 | 7,900,000 | 7,747,000 | 8,483,000 | 9,219,000 | 9,955,000 | 10,453,000 | 11,173,000 | 11,931,000 | 12,865,000 | 12,622,000 | 13,637,000 | 14,651,000 | 11,408,000 | 12,260,000 | 8,628,000 | 4,618,000 | 4,920,000 | 5,350,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2018 and december 31, 2017, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at june 30, 2018 and december 31, 2017, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2018 and december 31, 2017, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at march 31, 2018 and december 31, 2017, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2017 and 2016, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at december 31, 2017 and 2016, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2017 and december 31, 2016, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at september 30, 2017 and december 31, 2016, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2017 and december 31, 2016, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at june 30, 2017 and december 31, 2016, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2017 and december 31, 2016, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at march 31, 2017 and december 31, 2016, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, zero shares issued and outstanding at december 31, 2016 and 4,600,000 shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2016 and zero shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at december 31, 2016 and zero shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, zero shares issued and outstanding at september 30, 2016 and 4,600,000 shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2016 and zero shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at september 30, 2016 and zero shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, zero shares issued and outstanding at june 30, 2016 and 4,600,000 shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2016 and zero shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.45% series f cumulative redeemable preferred stock, 3,000,000 shares issued and outstanding at june 30, 2016 and zero shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2016 and december 31, 2015, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.95% series e cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2016 and zero shares issued and outstanding at december 31, 2015, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative distributions | -941,460,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 990,000 | 990,000 | 9,405,000 | 9,405,000 | 9,405,000 | 9,405,000 | 9,405,000 | 9,405,000 | 9,405,000 | 9,405,000 | 9,405,000 | 9,405,000 | 9,405,000 | 13,088,000 | 13,088,000 | 13,088,000 | 13,088,000 | 13,088,000 | 13,088,000 | 13,088,000 | 4,673,000 | 4,673,000 | 4,673,000 | 4,673,000 | 4,673,000 | 6,450,000 | 8,659,000 | 9,804,000 | 13,404,000 | 16,251,000 | 16,251,000 | 16,251,000 | 16,251,000 | 17,365,000 | 17,365,000 | 22,249,000 | 22,249,000 | 22,436,000 | 27,169,000 | 27,169,000 | 27,169,000 | 27,299,000 | 27,299,000 | 28,493,000 | 28,493,000 | ||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2015 and 2014, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative dividends | -927,868,000 | -662,744,000 | -650,014,000 | -637,279,000 | -624,545,000 | -547,851,000 | -535,281,000 | -522,911,000 | -402,664,000 | -397,527,000 | -392,390,000 | -387,253,000 | -382,115,000 | -347,922,000 | -335,423,000 | -313,224,000 | -287,449,000 | -261,665,000 | -235,669,000 | -212,325,000 | -187,130,000 | -163,477,000 | -139,601,000 | -116,876,000 | -94,154,000 | -72,551,000 | -52,671,000 | -34,805,000 | -20,319,000 | -9,962,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in consolidated joint ventures | 50,319,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2015 and december 31, 2014, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests in consolidated joint ventures | 52,118,000 | 53,331,000 | 52,985,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2015 and december 31, 2014, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2015 and december 31, 2014, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2014 and 2013, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest in consolidated joint ventures | 52,137,000 | 53,899,000 | 55,718,000 | 56,167,000 | 53,949,000 | 55,736,000 | 56,038,000 | 55,257,000 | 55,417,000 | 56,921,000 | 57,577,000 | 59,715,000 | 60,037,000 | 60,508,000 | 61,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2014 and december 31, 2013, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2014 and december 31, 2013, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2014 and december 31, 2013, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable of assets held for sale | 27,270,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value... | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 99,996,000 | 99,946,000 | 99,896,000 | 99,846,000 | 99,796,000 | 99,746,000 | 99,696,000 | 99,496,000 | 99,296,000 | 99,096,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, zero shares issued and outstanding at december 31, 2013 and 7,050,000 shares issued and outstanding at december 31, 2012, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2013 and 2012, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -2,981,000 | -2,981,000 | -3,928,000 | -3,928,000 | -3,928,000 | -3,928,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, zero shares issued and outstanding at september 30, 2013 and 7,050,000 shares issued and outstanding at december 31, 2012, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2013 and december 31, 2012, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash proceeds held by accommodator | 72,287,000 | 139,434,000 | 361,017,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, zero shares issued and outstanding at june 30, 2013 and 7,050,000 shares issued and outstanding at december 31, 2012, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2013 and december 31, 2012, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, zero shares issued and outstanding at march 31, 2013 and 7,050,000 shares issued and outstanding at december 31, 2012, stated at liquidation preference of 25.00 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2013 and december 31, 2012, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to third-party managers | 3,663,000 | 9,050,000 | 9,252,000 | 8,436,000 | 9,227,000 | 6,576,000 | 5,942,000 | 7,855,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, 7,050,000 shares issued and outstanding at december 31, 2012 and 2011, stated at liquidation preference of 25.00 per share | 176,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2012 and 2011, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other real estate | 9,855,000 | 12,057,000 | 11,723,000 | 11,859,000 | 11,945,000 | 11,640,000 | 12,109,000 | 12,012,000 | 11,900,000 | 12,058,000 | 14,013,000 | 14,044,000 | 14,117,000 | 14,176,000 | 14,300,000 | 14,640,000 | 14,859,000 | 15,033,000 | 14,900,000 | 14,526,000 | 14,253,000 | 14,314,000 | 14,868,000 | 14,673,000 | 14,807,000 | 14,252,000 | 13,295,000 | 7,545,000 | 7,390,000 | 7,283,000 | 7,414,000 | 7,519,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, 7,050,000 shares issued and outstanding at september 30, 2012 and december 31, 2011, stated at liquidation preference of 25.00 per share | 176,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2012 and december 31, 2011, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in hotel property of discontinued operations | 39,122,000 | 115,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets of discontinued operations | 2,861,000 | 3,249,000 | 2,783,000 | 3,426,000 | 870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable of discontinued operations | 47,159,000 | 11,557,000 | 11,629,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities of discontinued operations | 224,000 | 873,000 | 971,000 | 21,338,000 | 19,613,000 | 43,904,000 | 49,005,000 | 40,451,000 | 35,428,000 | 564,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, 7,050,000 shares issued and outstanding at june 30, 2012 and december 31, 2011, stated at liquidation preference of 25.00 per share | 176,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2012 and december 31, 2011, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, 7,050,000 shares issued and outstanding at march 31, 2012 and december 31, 2011, stated at liquidation preference of 25.00 per share | 176,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at march 31, 2012 and december 31, 2011, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due from affiliates | 6,000 | 6,000 | 3,000 | 17,000 | 44,000 | 37,000 | 34,000 | 61,000 | 62,000 | 79,000 | 92,000 | 116,000 | 109,000 | 105,000 | 78,000 | 132,000 | 932,000 | 1,332,000 | 1,315,000 | 1,284,000 | 1,383,000 | 1,302,000 | 1,611,000 | 2,024,000 | 1,994,000 | 87,000 | 213,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in hotel properties of discontinued operations | 15,041,000 | 14,986,000 | 7,745,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in other real estate of discontinued operations | 88,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated joint ventures | 246,000 | 449,000 | 543,000 | 669,000 | 542,000 | 25,948,000 | 26,693,000 | 27,260,000 | 28,770,000 | 28,715,000 | 29,286,000 | 30,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate cap derivative agreements | 386,000 | 6,000 | 22,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate swap derivative agreement | 1,567,000 | 1,572,000 | 501,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, 7,050,000 shares issued and outstanding at december 31, 2011 and 2010, stated at liquidation preference of 25.00 per share | 176,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at december 31, 2011 and zero issued and outstanding at december 31, 2010, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, 7,050,000 shares issued and outstanding at september 30, 2011 and december 31, 2010, stated at liquidation preference of 25.00 per share | 176,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at september 30, 2011 and zero issued and outstanding at december 31, 2010, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series a cumulative redeemable preferred stock, 7,050,000 shares issued and outstanding at june 30, 2011 and december 31, 2010, stated at liquidation preference of 25.00 per share | 176,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.0% series d cumulative redeemable preferred stock, 4,600,000 shares issued and outstanding at june 30, 2011 and zero issued and outstanding at december 31, 2010, stated at liquidation preference of 25.00 per share | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate derivative agreements | 348,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 118,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to third party managers | 7,852,000 | 8,742,000 | 9,761,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable of discontinued operations | 14,666,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 2,436,106,000 | 2,373,462,000 | 2,388,382,000 | 2,477,376,000 | 2,513,530,000 | 2,527,813,000 | 2,582,225,000 | 2,736,284,000 | 2,805,611,000 | 2,849,618,000 | 3,043,617,000 | 3,007,362,000 | 3,049,152,000 | 3,060,462,000 | 3,084,347,000 | 3,062,701,000 | 2,760,373,000 | 2,771,374,000 | 2,795,019,000 | 2,593,751,000 | 2,249,189,000 | 2,071,403,000 | 1,770,145,000 | 1,312,049,000 | 4,223,870 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in hotel properties of operations held for non-sale disposition | 98,239,000 | 99,527,000 | 100,835,000 | 118,814,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets of operations held for non-sale disposition | 35,157,000 | 29,443,000 | 23,147,000 | 8,235,000 | 1,724,000 | 3,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable of operations held for non-sale disposition | 162,972,000 | 162,972,000 | 184,121,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities of operations held for non-sale disposition | 26,151,000 | 20,455,000 | 12,577,000 | 7,362,000 | 969,000 | 2,504,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to interstate shp | 9,924,000 | 9,817,000 | 13,150,000 | 14,876,000 | 16,311,000 | 16,088,000 | 14,717,000 | 13,600,000 | 14,359,000 | 15,051,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets of operations held for non-sale disposition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of notes payable of operations held for non-sale disposition | 209,620,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable, less current portion of operations held for non-sale disposition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities of operations held for non-sale disposition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in hotel property of operations held for non-sale disposition | 16,597,000 | 29,303,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of note payable of operations held for non-sale disposition | 25,547,000 | 65,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable, less current portion of operations held for non-sale disposition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities of discontinued operations | 302,000 | 1,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding at september 30, 2008 and december 31, 2007, liquidation preference of 24.375 per share | 99,646,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding at june 30, 2008 and december 31, 2007, liquidation preference of 24.375 per share | 99,596,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding at march 31, 2008 and december 31, 2007, liquidation preference of 24.375 per share | 99,546,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures | 35,816,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint venture | 36,893,000 | 37,659,000 | 66,729,000 | 68,714,000 | 20,018,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to shp | 16,168,000 | 15,199,000 | 15,242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding at september 30, 2007 and december 31, 2006, liquidation preference of 24.375 per share | 99,446,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding at june 30, 2007 and december 31, 2006, liquidation preference of 24.375 per share | 99,396,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding at march 31, 2007 and december 31, 2006, liquidation preference of 24.375 per share | 99,346,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets of discontinued operations | 359,000 | 659,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in hotel properties held for sale | 9,111,000 | 22,988,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets of discontinued operations | 208,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to management company | 16,607,000 | 18,141,000 | 19,267,000 | 20,084,000 | 19,404,000 | 15,494,000 | 17,214,000 | 16,755,000 | 15,401,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding at september 30, 2006 and december 31, 2005, liquidation preference of 24.375 per share | 99,246,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding at june 30, 2006 and december 31, 2005, liquidation preference of 24.375 per share | 99,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares issued and outstanding at march 31, 2006 and december 31, 2005, liquidation preference of 24.375 per share | 99,146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions payable | 1,054,000 | 1,054,000 | 1,054,000 | 1,054,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 52,450,000 | 48,635,000 | 43,927,000 | 44,830,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a cumulative redeemable preferred stock, 0.01 par value... | 121,250,000 | 121,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred stock compensation | -6,592,000 | -7,082,000 | -7,169,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated earnings | 12,308,000 | 317,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series c cumulative convertible redeemable preferred stock, 0.01 par value 4,102,564 shares authorized, issued and outstanding, liquidation preference of 24.375 per share | 99,046,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -7,568,000 | -16,100,000 | -17,897,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due from related parties | 121,000 | 147,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net, of discontinued operations | 140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned and accrued stock compensation | -7,070,000 | -7,278,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate cap agreements | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity and members’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued pension liability | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity and members’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
members’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity and members’ equity | 417,332,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and members’ equity | 1,253,745,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | 4,223,770 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payable to related party | 3,311,813 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued offering expenses | 911,957 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, par value 0.01 per share... | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 99 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-10-26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 18,557,000 | 7,217,000 | 1,322,000 | 10,774,000 | 5,255,000 | 836,000 | 3,249,000 | 26,142,000 | 13,035,000 | 126,985,000 | 15,558,000 | 43,078,000 | 21,087,000 | 17,463,000 | 20,488,000 | 37,692,000 | 15,123,000 | -39,380,000 | -91,107,000 | -117,500,000 | -162,519,000 | 45,414,000 | 33,545,000 | 45,918,000 | 17,916,000 | 77,756,000 | 91,586,000 | 51,262,000 | 38,455,000 | 20,680,000 | 17,082,000 | 51,415,000 | 63,827,000 | 34,298,000 | 39,427,000 | 65,736,000 | 1,216,000 | 237,575,000 | 63,084,000 | 53,657,000 | 1,203,000 | 14,257,000 | 33,643,000 | 43,535,000 | -3,496,000 | 5,249,000 | 15,817,000 | 20,009,000 | 28,926,000 | 11,114,000 | 39,556,000 | 11,855,000 | -12,968,000 | 7,588,000 | -16,553,000 | 38,929,000 | 51,335,000 | 35,672,000 | -21,091,000 | -127,965,000 | -17,948,000 | -130,205,000 | 6,510,000 | -6,339,000 | 10,809,000 | 69,218,000 | 1,055,000 | 29,796,000 | 16,567,000 | 74,472,000 | 4,828,000 | 11,824,000 | 1,536,000 | 22,052,000 | 17,825,000 | 11,991,000 | 7,885,000 | 8,532,000 | 1,797,000 | -927,000 | ||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense | 336,000 | 115,000 | 101,000 | 153,000 | 76,000 | 155,000 | 155,000 | 84,000 | 80,000 | 188,000 | 113,000 | 118,000 | 533,000 | 249,000 | 64,000 | 1,000 | 165,000 | 141,000 | 16,000 | 79,000 | -62,000 | 49,000 | 318,000 | -44,000 | 130,000 | 95,000 | 180,000 | 133,000 | 193,000 | 407,000 | 82,000 | 227,000 | 193,000 | 179,000 | 131,000 | 125,000 | 184,000 | 200,000 | 109,000 | 123,000 | 61,000 | -84,000 | 138,000 | 152,000 | 68,000 | 53,000 | 95,000 | 42,000 | 156,000 | 33,000 | 63,000 | 388,000 | 9,000 | 405,000 | 138,000 | 84,000 | 3,000 | 11,000 | -40,000 | 5,740,000 | 6,000 | 51,000 | 179,000 | 323,000 | 93,000 | 90,000 | 165,000 | 341,000 | 193,000 | 63,000 | -59,000 | 656,000 | -126,000 | 55,000 | 211,000 | 165,000 | ||||||||||
noncash interest on derivatives | -2,121,000 | 210,000 | -495,000 | 181,000 | 982,000 | -1,635,000 | 3,326,000 | -189,000 | -2,042,000 | 3,600,000 | -1,469,000 | -3,711,000 | 1,832,000 | -39,000 | -1,023,000 | -1,842,000 | -616,000 | -709,000 | -869,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 33,798,000 | 33,801,000 | 33,549,000 | 33,745,000 | 31,894,000 | 32,288,000 | 31,308,000 | 30,772,000 | 28,782,000 | 29,003,000 | 33,060,000 | 32,266,000 | 32,214,000 | 32,270,000 | 31,562,000 | 30,723,000 | 31,288,000 | 32,566,000 | 32,575,000 | 32,718,000 | 30,760,000 | 32,751,000 | 32,995,000 | 34,528,000 | 36,736,000 | 37,253,000 | 37,562,000 | 36,509,000 | 36,345,000 | 36,214,000 | 36,054,000 | 36,682,000 | 36,008,000 | 37,893,000 | 39,040,000 | 38,879,000 | 40,150,000 | 41,155,000 | 39,645,000 | 39,786,000 | 39,333,000 | 40,594,000 | 40,405,000 | 39,941,000 | 39,465,000 | 39,284,000 | 39,069,000 | 37,294,000 | 36,934,000 | 35,448,000 | 34,290,000 | 31,350,000 | 30,705,000 | 32,301,000 | 33,051,000 | 31,573,000 | 31,281,000 | 31,256,000 | 30,590,000 | 29,749,000 | 27,239,000 | 25,224,000 | 25,398,000 | 24,859,000 | 25,189,000 | 25,456,000 | 26,925,000 | 29,154,000 | 29,107,000 | 29,115,000 | 28,936,000 | 29,260,000 | 29,826,000 | 29,738,000 | 30,159,000 | 30,165,000 | 27,482,000 | 25,390,000 | 27,572,000 | 25,818,000 | 22,953,000 | 20,755,000 | 14,881,000 | 14,333,000 | ||
amortization of franchise fees and other intangibles | 379,000 | 379,000 | 379,000 | 380,000 | 381,000 | 378,000 | 381,000 | 340,000 | 258,000 | 132,000 | 109,000 | 113,000 | 110,000 | 105,000 | 169,000 | 152,000 | 66,000 | 32,000 | 10,000 | 11,000 | 10,000 | 10,000 | 10,000 | 11,000 | 10,000 | 11,000 | 11,000 | 15,000 | 42,000 | 114,000 | 5,000 | 717,000 | 746,000 | 755,000 | 762,000 | 805,000 | 819,000 | 807,000 | 1,186,000 | 977,000 | 773,000 | 431,000 | 1,996,000 | 2,003,000 | 2,049,000 | 2,036,000 | 1,997,000 | 1,755,000 | 1,755,000 | 1,860,000 | 1,834,000 | 1,968,000 | 4,453,000 | 5,363,000 | 5,575,000 | 4,750,000 | 4,510,000 | 4,668,000 | 4,621,000 | 4,167,000 | 1,613,000 | 157,000 | 101,000 | 99,000 | 186,000 | |||||||||||||||||||||
amortization of deferred financing costs | 1,041,000 | 1,015,000 | 980,000 | 939,000 | 863,000 | 828,000 | 741,000 | 739,000 | 739,000 | 740,000 | 740,000 | 675,000 | 545,000 | 546,000 | 589,000 | 671,000 | 680,000 | 718,000 | 735,000 | 737,000 | 735,000 | 838,000 | 892,000 | 697,000 | 699,000 | 697,000 | 698,000 | 698,000 | 698,000 | 707,000 | 745,000 | 724,000 | 787,000 | 417,000 | 426,000 | 438,000 | 419,000 | 419,000 | 485,000 | 426,000 | 724,000 | 288,000 | 291,000 | 1,581,000 | 2,016,000 | 943,000 | 543,000 | 1,321,000 | 1,123,000 | 2,021,000 | ||||||||||||||||||||||||||||||||||||
amortization of deferred stock compensation | 1,889,000 | 1,958,000 | 1,905,000 | 2,772,000 | 2,064,000 | 2,075,000 | 2,430,000 | 3,181,000 | 2,770,000 | 2,512,000 | 2,511,000 | 3,325,000 | 2,427,000 | 2,230,000 | 2,230,000 | 2,853,000 | 3,578,000 | 2,212,000 | 3,165,000 | 4,659,000 | 2,752,000 | 2,067,000 | 2,238,000 | 3,064,000 | 2,207,000 | 2,145,000 | 2,146,000 | 2,900,000 | 2,122,000 | 2,069,000 | 2,073,000 | 2,865,000 | 2,000,000 | 1,854,000 | 1,848,000 | 2,591,000 | 1,749,000 | 1,541,000 | 1,539,000 | 2,463,000 | 1,614,000 | 1,031,000 | 824,000 | 1,786,000 | 2,895,000 | 1,452,000 | 1,453,000 | 1,944,000 | 1,372,000 | 1,280,000 | 1,262,000 | 1,241,000 | 1,075,000 | 812,000 | 812,000 | 896,000 | 946,000 | 575,000 | 697,000 | 929,000 | 544,000 | 1,537,000 | 757,000 | 686,000 | 962,000 | 769,000 | 938,000 | 1,220,000 | 1,128,000 | 720,000 | 1,117,000 | 1,089,000 | 1,049,000 | 1,037,000 | 1,025,000 | 1,861,000 | 1,245,000 | 878,000 | 983,000 | 1,010,000 | 806,000 | 466,000 | 483,000 | 531,000 | ||
gain on insurance recoveries | -143,000 | -277,000 | -674,000 | 0 | -99,000 | -116,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -12,011,000 | -4,342,000 | 13,243,000 | 7,413,000 | -16,312,000 | -154,000 | 3,382,000 | 2,169,000 | -5,568,000 | 3,132,000 | 9,682,000 | -2,469,000 | 264,000 | 3,540,000 | -4,132,000 | -6,216,000 | -5,931,000 | -274,000 | -3,470,000 | -12,158,000 | -4,613,000 | -3,346,000 | -221,000 | 18,637,000 | 11,757,000 | 8,974,000 | 3,971,000 | -6,029,000 | -8,642,000 | 11,355,000 | 1,836,000 | 810,000 | -13,096,000 | 8,716,000 | 1,303,000 | 3,731,000 | -10,575,000 | 6,346,000 | 84,000 | -435,000 | -14,396,000 | 15,667,000 | 4,295,000 | -1,369,000 | -16,818,000 | 13,770,000 | -2,002,000 | -4,255,000 | -9,045,000 | -589,000 | 1,423,000 | -4,674,000 | -189,000 | 4,755,000 | 7,032,000 | -1,695,000 | -4,243,000 | 3,287,000 | 10,593,000 | -9,033,000 | 2,143,000 | 8,354,000 | 317,000 | -7,107,000 | -1,462,000 | 10,466,000 | -87,000 | -8,270,000 | -3,112,000 | -9,042,000 | 3,288,000 | 12,669,000 | ||||||||||||||
prepaid expenses and other assets | -6,457,000 | 3,221,000 | -2,171,000 | 5,829,000 | -7,633,000 | 2,925,000 | -4,521,000 | 5,366,000 | -6,400,000 | 3,933,000 | -5,561,000 | 5,361,000 | -5,604,000 | -1,008,000 | -240,000 | 5,841,000 | -136,000 | 3,210,000 | -7,654,000 | 5,202,000 | -776,000 | 3,588,000 | -6,372,000 | 6,694,000 | -247,000 | 357,000 | -6,322,000 | 6,709,000 | -2,131,000 | -678,000 | 1,000,000 | 3,273,000 | -3,523,000 | -1,807,000 | -2,817,000 | 5,191,000 | -2,387,000 | 1,049,000 | -2,434,000 | 4,091,000 | -1,729,000 | 42,000 | 772,000 | 2,399,000 | -1,768,000 | -2,320,000 | -614,000 | 6,344,000 | -289,000 | -1,561,000 | -3,864,000 | 7,608,000 | 541,000 | -358,000 | 3,303,000 | 88,000 | -2,594,000 | 3,656,000 | 1,408,000 | 2,565,000 | 129,000 | 1,427,000 | -1,798,000 | 3,181,000 | -802,000 | -704,000 | -1,889,000 | 3,714,000 | 434,000 | -52,000 | -7,317,000 | 1,587,000 | -966,000 | -1,786,000 | -3,032,000 | 3,757,000 | 1,029,000 | 21,043,000 | -18,078,000 | -2,071,000 | 767,000 | |||||
accounts payable and other liabilities | 10,392,000 | -6,503,000 | 6,209,000 | -12,046,000 | 14,701,000 | -6,933,000 | 6,308,000 | -13,352,000 | 7,319,000 | -16,988,000 | 2,733,000 | -16,302,000 | 9,718,000 | 243,000 | 3,768,000 | 3,744,000 | 3,319,000 | -1,698,000 | 13,212,000 | 18,654,000 | -8,463,000 | 1,142,000 | 9,420,000 | 5,729,000 | -12,226,000 | 486,000 | -44,000 | 8,330,000 | -5,837,000 | -3,606,000 | -5,318,000 | 11,732,000 | 514,000 | -5,209,000 | 984,000 | 3,773,000 | -370,000 | -2,526,000 | -3,014,000 | -1,675,000 | 7,691,000 | -9,456,000 | 4,855,000 | 1,038,000 | 8,182,000 | -8,202,000 | 2,346,000 | 479,000 | 12,650,000 | -9,083,000 | 3,387,000 | 5,146,000 | 7,551,000 | -8,486,000 | 1,032,000 | 7,475,000 | 2,258,000 | -4,540,000 | 5,460,000 | -1,808,000 | 6,310,000 | 8,421,000 | 2,441,000 | 11,446,000 | -7,305,000 | 5,406,000 | -1,429,000 | -1,209,000 | -7,764,000 | -4,108,000 | -1,109,000 | 732,000 | -5,276,000 | 7,344,000 | -1,603,000 | 6,178,000 | 499,000 | -1,351,000 | -1,669,000 | 5,765,000 | 14,537,000 | 4,350,000 | -6,430,000 | 4,757,000 | ||
operating lease right-of-use assets and obligations | -217,000 | -167,000 | -158,000 | -159,000 | -141,000 | -154,000 | -153,000 | -107,000 | -11,000 | -20,000 | -13,000 | -17,000 | -52,000 | -359,000 | -350,000 | -354,000 | -346,000 | -340,000 | -335,000 | -338,000 | -331,000 | -337,000 | -330,000 | -332,000 | -261,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 45,443,000 | 36,627,000 | 54,370,000 | 58,732,000 | 32,031,000 | 30,493,000 | 46,606,000 | 54,793,000 | 38,484,000 | 29,389,000 | 61,754,000 | 59,740,000 | 47,248,000 | 59,686,000 | 59,045,000 | 77,505,000 | 13,148,000 | 19,966,000 | 22,327,000 | 24,252,000 | -38,175,000 | -29,400,000 | -52,376,000 | -32,404,000 | -2,525,000 | 80,291,000 | 74,576,000 | 104,481,000 | 31,572,000 | 85,755,000 | 76,283,000 | 112,657,000 | 30,596,000 | 76,540,000 | 79,966,000 | 110,135,000 | 44,148,000 | 76,894,000 | 79,368,000 | 106,060,000 | 43,091,000 | 80,280,000 | 91,614,000 | 99,185,000 | 28,982,000 | 78,321,000 | 82,438,000 | 78,553,000 | 39,283,000 | 46,206,000 | 50,428,000 | 61,069,000 | 13,416,000 | 42,230,000 | 48,714,000 | 62,590,000 | 17,962,000 | 36,744,000 | 45,373,000 | 50,920,000 | 23,353,000 | 41,574,000 | 16,836,000 | 18,599,000 | 23,149,000 | 11,511,000 | 29,978,000 | 43,387,000 | 66,136,000 | 21,362,000 | 58,840,000 | 58,539,000 | 74,251,000 | 22,349,000 | 38,363,000 | 43,601,000 | 52,436,000 | 28,704,000 | 52,090,000 | -8,587,000 | 16,239,000 | -38,378,000 | ||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
free cash flows | 45,443,000 | 36,627,000 | 54,370,000 | 58,732,000 | 32,031,000 | 30,493,000 | 46,606,000 | 54,793,000 | 38,484,000 | 29,389,000 | 61,754,000 | 59,740,000 | 47,248,000 | 59,686,000 | 59,045,000 | 77,505,000 | 13,148,000 | 19,966,000 | 22,327,000 | 24,252,000 | -38,175,000 | -29,400,000 | -52,376,000 | -32,404,000 | -2,525,000 | 80,291,000 | 74,576,000 | 104,481,000 | 31,572,000 | 85,755,000 | 76,283,000 | 112,657,000 | 30,596,000 | 76,540,000 | 79,966,000 | 110,135,000 | 44,148,000 | 76,894,000 | 79,368,000 | 106,060,000 | 43,091,000 | 80,280,000 | 91,614,000 | 99,185,000 | 28,982,000 | 78,321,000 | 82,438,000 | 78,553,000 | 39,283,000 | 46,206,000 | 50,428,000 | 61,069,000 | 13,416,000 | 42,230,000 | 48,714,000 | 62,590,000 | 17,962,000 | 36,744,000 | 45,373,000 | 50,920,000 | 23,353,000 | 41,574,000 | 16,836,000 | 18,599,000 | 23,149,000 | 11,511,000 | 29,978,000 | 43,387,000 | 66,136,000 | 21,362,000 | 58,840,000 | 58,539,000 | 74,251,000 | 22,349,000 | 38,363,000 | 43,601,000 | 52,436,000 | 28,704,000 | 52,090,000 | -8,587,000 | 16,239,000 | -38,378,000 | ||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related key money proceeds | 4,000,000 | 4,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from property insurance | 116,000 | 290,000 | 776,000 | 26,000 | 73,000 | 116,000 | 146,000 | 0 | 0 | 0 | 459,000 | 3,910,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
renovations and additions to hotel properties and other assets | -31,012,000 | -29,352,000 | -17,651,000 | -27,854,000 | -28,189,000 | -47,137,000 | -41,555,000 | -41,022,000 | -27,664,000 | -36,187,000 | -24,725,000 | -26,745,000 | -22,474,000 | -31,037,000 | -34,918,000 | -32,322,000 | -30,299,000 | -21,753,000 | -25,125,000 | -10,259,000 | -6,526,000 | -7,397,000 | -11,194,000 | -15,833,000 | -17,016,000 | -20,681,000 | -22,544,000 | -28,213,000 | -24,520,000 | -33,222,000 | -38,713,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -26,896,000 | -25,062,000 | -18,144,000 | 22,520,000 | -28,116,000 | -47,021,000 | -41,409,000 | -270,184,000 | -27,664,000 | 318,304,000 | -11,003,000 | -26,745,000 | -22,474,000 | -31,336,000 | -34,918,000 | -263,823,000 | 164,356,000 | 1,908,000 | -29,165,000 | -205,905,000 | -6,526,000 | 82,485,000 | 62,109,000 | -16,944,000 | -13,862,000 | 28,320,000 | -22,544,000 | -28,406,000 | -24,520,000 | 80,700,000 | 43,655,000 | -65,661,000 | 97,672,000 | -33,388,000 | -193,867,000 | -11,586,000 | 92,722,000 | -42,158,000 | -46,781,000 | -14,104,000 | -49,120,000 | 472,401,000 | 8,017,000 | -33,646,000 | -47,419,000 | -33,896,000 | -284,397,000 | -55,492,000 | -32,949,000 | 22,200,000 | -10,334,000 | -9,794,000 | -1,276,000 | 38,289,000 | -8,574,000 | -14,783,000 | 308,903,000 | -21,692,000 | -26,614,000 | 9,724,000 | -22,089,000 | 19,438,000 | -324,359,000 | -111,121,000 | 92,889,000 | -232,371,000 | -250,092,000 | -245,996,000 | -441,798,000 | -13,705,000 | 53,561,000 | |||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -29,144,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock for employee tax obligations | -3,165,000 | 0 | 0 | 0 | -4,278,000 | 0 | -943,000 | 0 | -3,217,000 | 0 | 0 | 0 | -3,348,000 | 0 | 0 | 0 | -3,351,000 | 0 | 0 | -1,361,000 | -3,516,000 | 0 | 0 | 0 | -3,992,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of preferred stock | -7,324,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loans | 90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on senior notes | -65,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of securities registration costs | -240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends and distributions paid | -22,711,000 | -20,278,000 | -21,792,000 | -21,219,000 | -23,104,000 | -21,269,000 | -22,485,000 | -17,443,000 | -29,769,000 | -17,579,000 | -14,709,000 | -13,556,000 | -13,981,000 | -13,765,000 | -2,948,000 | -2,776,000 | -4,761,000 | -3,208,000 | -3,208,000 | -3,207,000 | -13,984,000 | -135,872,000 | -14,451,000 | -14,618,000 | -14,636,000 | -126,461,000 | -14,620,000 | -14,620,000 | -14,488,000 | -133,894,000 | -14,474,000 | -14,465,000 | -14,228,000 | -119,847,000 | -14,033,000 | -13,898,000 | -22,675,000 | -22,672,000 | -21,553,000 | -19,831,000 | -15,928,000 | -11,024,000 | -11,016,000 | |||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -37,584,000 | -23,414,000 | 16,422,000 | -85,125,000 | -35,398,000 | 4,245,000 | -46,641,000 | -21,600,000 | -33,523,000 | -38,991,000 | -29,269,000 | -14,982,000 | -36,479,000 | -38,985,000 | -9,226,000 | 84,869,000 | -85,832,000 | -80,768,000 | 18,061,000 | 26,784,000 | -6,181,000 | -140,580,000 | -92,479,000 | -265,202,000 | 52,344,000 | -19,883,000 | -63,489,000 | -23,114,000 | -134,680,000 | -23,571,000 | -20,342,000 | 26,507,000 | -141,193,000 | -21,669,000 | -16,898,000 | 56,939,000 | -64,577,000 | -32,316,000 | -20,152,000 | -133,943,000 | -96,369,000 | -229,804,000 | -22,201,000 | -123,751,000 | -46,687,000 | 42,244,000 | -23,316,000 | 242,849,000 | -15,905,000 | 15,480,000 | -14,329,000 | -15,255,000 | -13,642,000 | -7,886,000 | 149,636,000 | -9,668,000 | -379,000 | -45,821,000 | -25,141,000 | -200,918,000 | -27,804,000 | -39,860,000 | -35,726,000 | -53,121,000 | -57,548,000 | 288,085,000 | -23,402,000 | -26,966,000 | 175,662,000 | 223,788,000 | 277,777,000 | 442,240,000 | 61,398,000 | -31,699,000 | ||||||||||||
net decrease in cash and cash equivalents and restricted cash | -19,037,000 | -3,873,000 | -31,483,000 | -22,703,000 | 11,223,000 | -82,746,000 | -127,628,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash, beginning of period | 185,720,000 | 0 | 0 | 180,277,000 | 0 | 0 | 493,698,000 | 0 | 0 | 157,206,000 | 0 | 0 | 162,717,000 | 0 | 0 | 416,139,000 | 0 | 0 | 864,973,000 | 0 | 0 | 862,369,000 | 0 | 0 | 559,311,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash, end of period | 166,683,000 | 52,648,000 | -3,873,000 | 148,794,000 | -41,444,000 | -236,991,000 | 470,995,000 | 21,482,000 | 18,013,000 | 145,501,000 | 14,901,000 | -101,449,000 | 254,389,000 | 11,223,000 | -154,869,000 | 365,257,000 | -82,746,000 | -314,550,000 | 900,930,000 | -11,457,000 | 52,961,000 | 734,741,000 | 99,596,000 | 73,503,000 | 546,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | 0 | 0 | 0 | 0 | -22,946,000 | 12,000 | 0 | 70,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | -8,000 | -9,000 | -12,000 | -9,909,000 | -26,000 | 770,000 | -21,000 | 213,000 | 428,000 | -6,356,000 | 820,000 | 0 | 0 | 4,000 | 25,000 | 0 | 154,000 | 105,000 | 2,962,000 | 0 | 4,107,000 | 0 | 0 | 0 | 3,159,000 | 191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of assets | 116,949,000 | 94,047,000 | 43,000 | 136,993,000 | 44,000 | 16,000 | 27,038,000 | 123,117,000 | 385,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of hotel properties and other assets | 0 | 0 | 0 | -265,558,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest, including transaction costs | 0 | 0 | -2,913,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of common stock offering costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -48,000 | -386,000 | -45,000 | -396,000 | -173,000 | -7,223,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from credit facility | 0 | 23,000,000 | 0 | 0 | 0 | 0 | 0 | 300,000,000 | 0 | 12,500,000 | 5,750,000 | 0 | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on credit facility | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable | 0 | 0 | 0 | 0 | 240,000,000 | 0 | 0 | 0 | 141,000,000 | 0 | 0 | 112,000,000 | 314,000,000 | 0 | -3,000,000 | 276,000,000 | 167,542,000 | 53,970,000 | 535,157,000 | 223,000 | 353,558,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on notes payable | 0 | -72,437,000 | -541,000 | -535,000 | -537,000 | -532,000 | -518,000 | -220,512,000 | -524,000 | -511,000 | -2,411,000 | -491,000 | -35,503,000 | -77,423,000 | -819,000 | -810,000 | -832,000 | -36,574,000 | -1,718,000 | -1,898,000 | -1,981,000 | -1,955,000 | -1,834,000 | -1,722,000 | -1,871,000 | -1,893,000 | -2,610,000 | -2,587,000 | -178,599,000 | -117,558,000 | -5,875,000 | -2,745,000 | -3,169,000 | -4,456,000 | -33,459,000 | -33,322,000 | -2,851,000 | -143,487,000 | -42,010,000 | -2,038,000 | -11,547,000 | -14,908,000 | -176,083,000 | -1,956,000 | -665,000 | -293,000 | -130,865,000 | -81,045,000 | -854,000 | -235,654,000 | -44,991,000 | -500,743,000 | ||||||||||||||||||||||||||||||||||
payments of deferred financing costs | 0 | -17,529,000 | 0 | 0 | 0 | -1,663,000 | -3,524,000 | 0 | 0 | -13,000 | -1,674,000 | -8,000 | 1,000 | -78,000 | -953,000 | -777,000 | -4,121,000 | -10,000 | -1,014,000 | -4,000 | -382,000 | -54,000 | -38,000 | -69,000 | 0 | -527,000 | -6,846,000 | -133,000 | -62,000 | -501,000 | -2,228,000 | -935,000 | -269,000 | -6,064,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents and restricted cash | -11,849,000 | -12,283,000 | -41,444,000 | 308,702,000 | 21,482,000 | 18,013,000 | -11,705,000 | 91,672,000 | -50,882,000 | 35,957,000 | 88,728,000 | -11,457,000 | 142,884,000 | 99,596,000 | 73,503,000 | -12,925,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of hotel property | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of hotel property and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of outstanding common stock | -2,257,000 | -90,454,000 | -8,016,000 | -944,000 | -22,672,000 | -20,880,000 | -14,042,000 | -2,855,000 | -18,626,000 | -21,796,000 | -8,666,000 | -34,515,000 | -43,465,000 | 0 | 0 | 0 | -103,894,000 | -88,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | 0 | -38,000 | -21,000 | -88,000 | -222,000 | 20,000 | -26,559,000 | -28,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of hotel property | 0 | 0 | -950,000 | -346,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | 0 | 0 | 0 | -457,000 | -34,109,000 | -48,176,000 | -53,077,000 | 6,000 | -15,669,000 | -11,000 | -6,986,000 | -1,180,000 | -44,570,000 | -196,000 | 8,000 | -214,526,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | 1,671,000 | 13,478,000 | 0 | 18,100,000 | 115,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for interest rate derivative | 0 | 0 | 0 | 0 | 0 | -19,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to noncontrolling interest | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposition deposit | 0 | 3,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from note payable | 0 | 100,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on hurricane-related damage | 0 | 0 | 0 | 0 | 0 | -4,369,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from preferred stock offerings | 0 | 100,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of preferred stock offering costs | 0 | -3,344,000 | 0 | 0 | -2,624,000 | -4,016,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemptions of preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock offerings | 0 | 0 | 0 | 0 | 0 | 3,189,000 | 20,198,000 | 0 | 0 | 158,400,000 | 145,883,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution from noncontrolling interest | 1,375,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued payroll and employee benefits | 1,026,000 | -5,326,000 | 388,000 | 3,697,000 | 3,194,000 | -5,613,000 | -3,149,000 | 5,699,000 | 3,341,000 | -1,957,000 | 969,000 | 902,000 | -2,297,000 | -7,860,000 | 3,402,000 | 1,587,000 | 3,305,000 | -7,937,000 | 2,951,000 | 1,156,000 | 2,758,000 | -8,513,000 | 3,667,000 | 2,533,000 | 3,153,000 | -8,569,000 | 3,161,000 | 1,544,000 | 2,031,000 | -6,790,000 | -2,472,000 | 4,609,000 | 2,882,000 | -13,184,000 | 1,052,000 | 4,262,000 | 4,141,000 | -7,611,000 | 1,408,000 | 1,343,000 | 2,341,000 | 1,092,000 | 1,913,000 | -1,517,000 | 653,000 | 839,000 | 153,000 | -933,000 | -2,201,000 | 566,000 | -1,266,000 | -6,380,000 | 402,000 | 2,398,000 | 4,229,000 | -892,000 | 450,000 | 1,056,000 | 3,090,000 | -1,218,000 | 1,831,000 | 815,000 | -2,208,000 | -400,000 | ||||||||||||||||||||||
bad debt (recovery) expense | -58,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets | 0 | 0 | 191,291,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash interest on derivatives and finance lease obligation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 0 | 0 | 0 | 7,415,000 | 934,000 | 390,000 | 2,648,000 | -3,284,000 | 2,232,000 | 719,000 | 2,147,000 | -3,966,000 | 4,393,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of costs related to extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest | 0 | 0 | 0 | -2,000,000 | -3,149,000 | -2,625,000 | -788,000 | -1,950,000 | -2,725,000 | -4,000,000 | -1,475,000 | -1,169,000 | -2,963,000 | -1,037,000 | -2,325,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interest | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 0 | 0 | 5,626,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition and disposition deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -3,186,000 | -3,513,000 | -186,301,000 | -12,730,000 | -12,735,000 | -12,734,000 | -39,345,000 | -12,570,000 | -12,370,000 | -11,467,000 | -11,443,000 | -5,137,000 | -5,137,000 | -5,138,000 | -5,137,000 | -12,499,000 | -25,775,000 | -25,784,000 | -25,995,000 | -24,361,000 | -23,949,000 | -23,826,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of hotel properties and other assets | -546,000 | -60,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash interest on derivatives and finance lease obligations | -794,000 | -762,000 | 216,000 | 6,080,000 | -857,000 | 1,155,000 | 3,634,000 | 2,119,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -22,124,000 | -27,918,000 | -55,287,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of hotel property and other assets | -512,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of intangible assets | -27,000 | -32,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable and debt restructuring | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on notes payable and debt restructuring | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of intangible asset | -52,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on hurricane-related damage | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for interest rate derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock for employee tax obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of right-of-use assets | -253,000 | -251,000 | -19,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock for employee withholding obligations | 0 | 0 | -4,435,000 | 0 | 0 | 0 | -4,232,000 | 0 | 0 | 0 | -3,793,000 | 0 | 0 | 0 | -2,641,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of outstanding common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash interest on derivatives and capital lease obligations | 3,805,000 | -818,000 | -1,040,000 | -3,137,000 | -1,777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 44,000 | 126,000 | -1,000 | -52,000 | -87,000 | 49,000 | 17,000 | 5,000 | 14,000 | -58,000 | 45,000 | 39,000 | -32,000 | -13,000 | 21,000 | 68,000 | -100,000 | 11,000 | 60,000 | 129,000 | -176,000 | 72,000 | 35,000 | 1,593,000 | -124,000 | 116,000 | 51,000 | -133,000 | -32,000 | 298,000 | 157,000 | -66,000 | -127,000 | 297,000 | -97,000 | -36,000 | -84,000 | 1,000 | 15,000 | -84,000 | 178,000 | -342,000 | -12,000 | -175,000 | 52,000 | 128,000 | 27,000 | |||||||||||||||||||||||||||||||||||||||
amortization of deferred financing fees | 745,000 | 747,000 | 675,000 | 577,000 | 579,000 | 578,000 | 552,000 | 544,000 | 549,000 | 555,000 | 639,000 | 673,000 | 736,000 | 736,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
renovations and additions to hotel properties | -39,321,000 | -33,627,000 | -21,971,000 | -29,627,000 | -29,872,000 | -42,339,000 | -39,812,000 | -51,216,000 | -48,818,000 | -33,586,000 | -36,869,000 | -36,120,000 | -27,528,000 | -32,490,000 | -33,346,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on redemption of note receivable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hurricane-related loss | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 125,000 | -136,000 | -4,000 | 4,013,000 | -221,000 | 2,087,000 | 7,583,000 | 8,176,000 | 7,986,000 | -2,261,000 | -3,302,000 | 6,113,000 | 12,346,000 | 1,189,000 | -8,160,000 | 6,168,000 | 300,000 | 1,151,000 | -4,340,000 | 4,573,000 | 11,938,000 | -7,353,000 | 5,089,000 | -2,929,000 | -4,694,000 | 751,000 | 4,155,000 | 1,830,000 | -3,724,000 | -131,000 | 4,008,000 | -2,285,000 | 18,297,000 | -8,786,000 | 2,032,000 | -5,494,000 | -3,439,000 | -2,389,000 | -10,947,000 | -10,216,000 | 4,545,000 | 332,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from redemption of note receivable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash — replacement reserve | 112,000 | -4,995,000 | -1,997,000 | -504,000 | -454,000 | -7,000,000 | -1,605,000 | -309,000 | 7,375,000 | -824,000 | 2,106,000 | -11,299,000 | -1,296,000 | -6,338,000 | 2,933,000 | 390,000 | -5,158,000 | -4,624,000 | 1,887,000 | 9,167,000 | 593,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable and credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on notes payable and credit facility | -69,032,000 | -3,058,000 | -296,683,000 | -5,494,000 | -112,200,000 | -18,430,000 | -16,730,000 | -5,673,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of costs related to extinguishment of notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -1,749,000 | -3,188,000 | -2,025,000 | -775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 21,483,000 | -130,799,000 | 155,488,000 | 72,293,000 | 322,877,000 | 77,430,000 | 86,669,000 | -225,275,000 | 265,910,000 | -9,571,000 | 51,096,000 | -6,598,000 | -39,399,000 | 156,678,000 | 7,655,000 | -9,946,000 | 151,372,000 | 32,838,000 | -16,671,000 | 36,141,000 | -13,925,000 | -96,160,000 | 109,524,000 | -4,273,000 | 2,400,000 | 83,871,000 | -8,145,000 | 63,932,000 | -16,516,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 8,400,000 | 14,901,000 | 8,054,000 | 9,632,000 | 12,562,000 | 11,736,000 | 13,354,000 | 12,455,000 | 16,233,000 | 15,320,000 | 16,759,000 | 15,240,000 | 17,857,000 | 17,467,000 | 17,759,000 | 16,428,000 | 19,065,000 | 17,640,000 | 16,862,000 | 17,996,000 | 19,768,000 | 19,438,000 | 20,933,000 | 20,435,000 | 18,686,000 | 16,469,000 | 16,813,000 | 15,832,000 | 16,902,000 | 21,687,000 | 22,974,000 | 27,021,000 | 27,025,000 | 27,130,000 | 21,457,000 | 21,819,000 | 22,326,000 | 21,716,000 | 27,380,000 | 23,226,000 | 22,041,000 | 22,476,000 | 22,625,000 | 25,682,000 | 14,180,000 | 14,228,000 | 10,601,000 | |||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 569,000 | 417,000 | 409,000 | 38,000 | 1,747,000 | 281,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash investing activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable related to renovations and additions to hotel properties and other assets | 2,711,000 | 885,000 | -8,895,000 | 2,119,000 | -736,000 | 4,093,000 | -2,772,000 | 5,844,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred stock compensation — construction activities | 116,000 | 47,000 | 158,000 | 151,000 | 141,000 | -36,000 | 247,000 | 239,000 | 138,000 | 138,000 | 139,000 | 165,000 | 120,000 | 120,000 | 120,000 | 114,000 | 100,000 | 100,000 | 100,000 | 93,000 | 77,000 | 76,000 | 72,000 | 185,000 | 71,000 | 57,000 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash financing activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock redemption charge | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock distributions | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends and distributions payable | 119,420,000 | 9,000 | 237,000 | 14,228,000 | 105,814,000 | 135,000 | 1,153,000 | 1,000 | 1,119,000 | 21,553,000 | 2,945,000 | 4,516,000 | 11,412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 369,537,000 | 0 | 0 | 499,067,000 | 0 | 0 | 222,096,000 | 0 | 0 | 104,363,000 | 0 | 0 | 157,217,000 | -681,000 | 0 | 150,533,000 | 0 | 153,000 | 275,881,000 | 0 | 0 | 353,255,000 | -150,000 | -2,144,000 | 179,042,000 | -1,214,000 | 0 | 67,412,000 | 0 | 0 | 29,029,000 | 0 | 0 | 17,538,000 | 0 | 0 | 5,966,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | -130,799,000 | 155,488,000 | 441,830,000 | 12,435,000 | -41,987,000 | 396,669,000 | 77,430,000 | -58,212,000 | 156,972,000 | -225,275,000 | 265,910,000 | 94,792,000 | -22,992,000 | -85,096,000 | 208,313,000 | -40,080,000 | 78,350,000 | 126,199,000 | 15,246,000 | -8,486,000 | 153,214,000 | -133,210,000 | -129,220,000 | 333,519,000 | 7,505,000 | 58,915,000 | 136,158,000 | 150,158,000 | 16,640,000 | 22,300,000 | -16,671,000 | 36,141,000 | 15,104,000 | 109,524,000 | -4,273,000 | 19,938,000 | 83,871,000 | -8,145,000 | 69,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on derivatives | 1,006,000 | -657,000 | -1,374,000 | 2,782,000 | 6,402,000 | -189,000 | 96,000 | 423,000 | 76,000 | 564,000 | 1,087,000 | 960,000 | 44,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of air rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on derivatives | -161,000 | -125,000 | -109,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for costs related to extinguishment of notes payable | -20,000 | 0 | -4,026,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes, net of refunds received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock in connection with acquisition of hotel property | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of air rights lease | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from note payable and credit facility | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 12,435,000 | -41,987,000 | -102,398,000 | -65,124,000 | -19,736,000 | -42,884,000 | -45,112,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid (refunds received) for income taxes | 394,000 | 505,000 | 204,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of other assets | 7,000 | 42,427,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from preferred stock offering | 115,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock dividends | 78,823,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 13,592,000 | 252,394,000 | -5,000 | 1,000 | 12,734,000 | 64,124,000 | 200,000 | 903,000 | 11,467,000 | 999,000 | 8,144,000 | -1,612,000 | 3,912,000 | 0 | 0 | 7,437,000 | 127,000 | 2,173,000 | 5,137,000 | 0 | 0 | 5,137,000 | -1,000 | 1,000 | 5,137,000 | -3,576,000 | -9,000 | 25,784,000 | -1,018,000 | 1,247,000 | 23,949,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization and write-off of deferred financing fees | 676,000 | 692,000 | 736,000 | 736,000 | 725,000 | 760,000 | 893,000 | 1,127,000 | 965,000 | 967,000 | 1,031,000 | 843,000 | 815,000 | 616,000 | 539,000 | 434,000 | 561,000 | 2,089,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of loan discounts | 0 | 0 | 0 | 3,000 | 267,000 | 267,000 | 258,000 | 266,000 | 270,000 | 270,000 | 261,000 | 261,000 | 253,000 | 252,000 | 245,000 | 246,000 | 237,000 | 655,000 | 684,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 0 | 0 | 0 | 432,000 | 222,000 | 126,000 | -242,000 | 403,000 | 0 | 0 | 584,000 | 0 | -900,000 | 110,000 | 0 | 0 | 0 | 77,000 | 706,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of hotel properties and other assets | 11,000 | 27,000 | 65,000 | 7,000 | 7,000 | 0 | 4,000 | 46,352,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of hotel properties and other real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable related to renovations and additions to hotel properties and other real estate | 11,333,000 | 137,000 | 1,291,000 | 4,919,000 | -2,638,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of debt in connection with acquisition of hotel property | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of hotel property and other real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling interests | -3,195,000 | -2,134,000 | -1,457,000 | -2,758,000 | -3,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash (refunds received) paid for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable related to renovations and additions to hotel properties | -596,000 | -433,000 | 12,479,000 | 1,604,000 | -1,818,000 | 9,077,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of other real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash (refunds received) paid for income tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax refunds received net of cash paid | -647,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock dividend | 37,349,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock in connection with acquisitions of hotel properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assignment of debt in connection with dispositions of hotel properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of assets | -27,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes net of refunds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash proceeds held by accommodator | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock offering | 262,800,000 | 1,392,000 | 0 | 0 | 295,251,000 | 0 | 0 | 165,600,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of hotel properties and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on remeasurement of equity interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds received from sale of note receivable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for interest rate derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred stock compensation — unconsolidated joint venture | 0 | 0 | 2,000 | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of note receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of debt in connection with acquisitions of hotel properties | 0 | 233,769,000 | 312,183,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for costs related to extinguishment of notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable related to renovations and additions to hotel properties and other assets | 339,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of hotel property and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of hotel properties and other assets | 195,616,000 | 11,000 | 73,000 | 39,887,000 | 42,000 | 2,000 | 7,763,000 | 53,705,000 | 2,584,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sales of hotel properties and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on extinguishment of debt | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to third-party managers | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from unconsolidated joint venture | 0 | 133,000 | 414,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
renovations and additions to hotel properties and other real estate | -8,625,000 | -10,618,000 | -7,428,000 | -12,247,000 | -13,812,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for repurchases of notes payable and related costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for repurchase of notes payable and related costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net (earnings) losses of unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due from affiliates | 0 | -3,000 | 14,000 | 27,000 | -7,000 | -3,000 | 27,000 | 1,000 | 17,000 | 13,000 | 24,000 | -7,000 | -4,000 | -27,000 | 54,000 | 800,000 | 400,000 | -17,000 | -31,000 | 99,000 | -81,000 | 309,000 | 413,000 | -30,000 | 126,000 | -92,000 | 26,000 | 202,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of hotel properties and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of hotel properties and buyefficient | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of deferred financing costs and interest rate derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deconsolidation of assets of hotel placed into receivership | 0 | -19,000 | 18,393,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deconsolidation of liabilities of hotel placed into receivership | 0 | -22,000 | 26,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of hotel properties and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and goodwill impairment losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from unconsolidated joint ventures | 300,000 | 300,000 | 250,000 | 568,000 | 1,107,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of hotel properties | -4,000,000 | -30,720,000 | 36,000 | -11,000 | -145,000 | -12,000 | -115,828,000 | -287,264,000 | -9,399,000 | -306,000 | -196,415,000 | -242,253,000 | -247,838,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipt of note receivable | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net earnings of unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to third party managers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of hotel properties and land | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for repurchases of outstanding common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (earnings) losses of unconsolidated joint ventures | -112,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operations held for non-sale disposition | -7,504,000 | 17,000 | 946,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on notes payable and related costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of stock dividend | 0 | 0 | 29,056,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses of unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to interstate shp | -108,000 | -1,319,000 | -1,411,000 | -1,435,000 | 223,000 | -2,557,000 | 1,117,000 | -759,000 | -692,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of other assets | -319,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other impairment losses | 2,209,000 | 131,941,000 | 3,716,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in ) provided by operating activities | -1,516,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash – replacement reserve | 2,291,000 | 553,000 | -1,861,000 | -3,169,000 | 2,654,000 | -2,324,000 | -1,054,000 | 7,308,000 | 1,206,000 | 4,371,000 | 5,157,000 | -3,053,000 | -482,000 | -1,472,000 | 2,784,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred stock compensation – construction activities | 42,000 | 33,000 | 62,000 | 62,000 | 51,000 | 74,000 | 105,000 | 227,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred stock compensation – unconsolidated joint venture | 10,000 | 12,000 | 11,000 | 5,000 | -30,000 | 13,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sales of hotel properties, other real estate and 50% interest in subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred franchise fees and other intangibles | 101,000 | 102,000 | 108,000 | 107,000 | 108,000 | 108,000 | 312,000 | 1,749,000 | 5,383,000 | 107,000 | 107,000 | 104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of loan discounts and premiums | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net incomees of unconsolidated joint ventures | 25,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of hotel properties, other real estate and 50% interest in subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for repurchases of notes payable and costs | -53,000 | -20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for repurchases of outstanding common stock | -53,000 | -172,587,000 | 0 | -11,827,000 | 0 | -13,325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of hotel properties and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net losses of unconsolidated joint ventures | 584,000 | 1,517,000 | -100,000 | 23,000 | 56,000 | 1,466,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of hotel properties, other real estate and 50% interest in subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 2,600,000 | 7,376,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of loan premiums | -510,000 | -66,000 | -67,000 | -66,000 | -66,000 | -67,000 | -2,049,000 | -304,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss – goodwill, discontinued operations and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from (contributed to) unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of 50% interest in subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of hotel properties and vacant land | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of hotel properties and other real estate | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to hotel properties and other real estate | -20,908,000 | -27,887,000 | -31,809,000 | -32,249,000 | -27,234,000 | -38,721,000 | -37,027,000 | -36,510,000 | -36,652,000 | -32,570,000 | -33,632,000 | -18,875,000 | -9,810,000 | -13,705,000 | 31,553,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | -2,876,000 | 321,000 | 643,000 | 151,000 | -2,579,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss – goodwill and discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from(contributed to) unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses of unconsolidated joint venture | 766,000 | 110,000 | 1,351,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to shp | 969,000 | -43,000 | -1,365,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of hotel properties | 6,349,000 | 0 | -16,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of hotel properties | 0 | 25,793,000 | 699,000 | -16,812,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of hotel properties | -92,000 | -1,812,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred franchise fees | 25,000 | 34,000 | 24,000 | 21,000 | 24,000 | 61,000 | 21,000 | 1,471,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss—investment in hotel properties, discontinued operations and goodwill | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of income from unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to management company | -1,534,000 | -1,126,000 | -817,000 | 575,000 | -1,720,000 | 459,000 | 1,354,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued pension liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions and advances to unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of membership units from the predecessor’s members | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the exercise of the over-allotment option | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of interest rate cap agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from members | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from minority interest holders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to minority interest holders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on interest rate cap agreements | 0 | -2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of hotel properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from preferred securities offerings | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of preferred securities offering costs | -150,000 | -130,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of common stock offerings costs | -350,000 | 0 | -343,000 | -3,698,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on interest rate cap agreements | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating data | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
room | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
food and beverage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management and other fees from affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising and promotion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repairs and maintenance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
utilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
franchise costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property tax, ground lease and insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property general and administrative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate overhead | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest, income taxes, cumulative effect of change in accounting principle and discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before cumulative effect of change in accounting principle and discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of change in accounting principle | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends and accretion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance sheet data | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in hotel properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock/membership unit information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
membership units outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unvested restricted stock issuable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total diluted common stock, membership units and unvested restricted stock units outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares of common stock issuable related to unvested restricted stock units. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss—investment in hotel properties and discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to members | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 81,000 | 158,000 | 185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from preferred securities offering | 0 | 121,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments) refunds of deferred financing costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt recovery | -1,054,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of hotel properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on interest rate cap agreements | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of offering costs | -3,799,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss—goodwill | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from equity offering | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of interest rate cap agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of member’s interest to minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation—investment in hotel properties and discontinued operations |