10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-004430`
Period End Date	20190331
Filing Date	20190508
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	sho-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 43 Cash Flow Statement 74 Stockholders Equity 20

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$467.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$684.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$809.32M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$79.34M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$53.05M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$42.31M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$33.84M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.26M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$908.47M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$792.39M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$2.95B	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.03B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$55.73M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	228.25M	shares	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$55.36M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	228.59M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.59M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.25M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$64.08M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$63.23M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$3.54M	USD	Point-in-time
Deferred financing costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$3.34M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$29.54M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$29.82M	USD	Point-in-time
Total assets	`Assets`	$3.89B	USD	Point-in-time
Total assets	`Assets`	$3.97B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$30.43M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$34.67M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.10M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$25.04M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$126.46M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrent`	$14.64M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$39.91M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$44.96M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$6.06M	USD	Point-in-time
Current portion of notes payable, net	`LongTermDebtCurrent`	$5.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$232.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$112.38M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$971.23M	USD	Point-in-time
Notes payable, less current portion, net	`LongTermDebtNoncurrent`	$969.66M	USD	Point-in-time
Finance lease obligations, less current portion	`FinanceLeaseLiabilityNoncurrent`	$27.01M	USD	Point-in-time
Finance lease obligations, less current portion	`FinanceLeaseLiabilityNoncurrent`	$27.06M	USD	Point-in-time
Operating lease obligations, less current portion	`OperatingLeaseLiabilityNoncurrent`	$53.28M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.99M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$30.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.18B	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 228,587,447 shares issued and outstanding at March 31, 2019 and 228,246,247 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$2.29M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 228,587,447 shares issued and outstanding at March 31, 2019 and 228,246,247 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$2.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.73B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.73B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.18B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.20B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.45B	USD	Point-in-time
Cumulative dividends and distributions	`CumulativeDividends`	$1.44B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.66B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.66B	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$47.33M	USD	Point-in-time
Noncontrolling interest in consolidated joint venture	`MinorityInterest`	$47.69M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.89B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.97B	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$271.45M	USD	1 Quarter
Total revenues	`Revenues`	$257.68M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$13.91M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$13.56M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$11.10M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$10.28M	USD	1 Quarter
Utilities	`CostOfOtherPropertyOperatingExpense`	$6.67M	USD	1 Quarter
Utilities	`CostOfOtherPropertyOperatingExpense`	$7.47M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$7.85M	USD	1 Quarter
Franchise costs	`CostsOfFranchisedOutlets`	$6.84M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$21.78M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$20.35M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$33.91M	USD	1 Quarter
Other property-level expenses	`OtherCostAndExpenseOperating`	$32.84M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.52M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$7.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$36.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$36.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$245.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$233.47M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$1.49M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncome`	$4.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.88M	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$15.66M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.80M	USD	1 Quarter
Income tax benefit, net	`IncomeTaxExpenseBenefit`	$-3.11M	USD	1 Quarter
Income tax benefit, net	`IncomeTaxExpenseBenefit`	$-3.74M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$17.92M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$38.45M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.60M	USD	1 Quarter
Income from consolidated joint venture attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.44M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.21M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$32.81M	USD	1 Quarter
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`EarningsLossBeforeDistributedAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$13.11M	USD	1 Quarter
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.06	USD	1 Quarter
Basic and diluted income attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	227.22M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.28M	shares	1 Quarter
Distributions declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Distributions declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$17.92M	USD	1 Quarter
Net income	`ProfitLoss`	$38.45M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$180.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$82.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$15.67M	USD	1 Quarter
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$2.12M	USD	1 Quarter
Noncash interest on derivatives and finance lease obligations, net	`NoncashInterestOnDerivativesAndCapitalLeaseObligations`	$-3.14M	USD	1 Quarter
Depreciation	`Depreciation`	$36.01M	USD	1 Quarter
Depreciation	`Depreciation`	$36.34M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$42.00K	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$746.00K	USD	1 Quarter
Amortization of right-of-use assets	`RightOfUseAssetsAmortization`	$-19.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$747.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$698.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$2.00M	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$2.12M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$-3.28M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$-3.97M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.64M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.58M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.13M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-5.84M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$514.00K	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.94M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.51M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.60M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$136.99M	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$24.52M	USD	1 Quarter
Renovations and additions to hotel properties and other assets	`PaymentsForCapitalImprovements`	$39.32M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$97.67M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.52M	USD	1 Quarter
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.43M	USD	1 Quarter
Repurchase of common stock for employee withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.23M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$1.83M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfDebt`	$1.89M	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$5.00K	USD	1 Quarter
Dividends and distributions paid	`PaymentsOfOrdinaryDividends`	$133.89M	USD	1 Quarter
Dividends and distributions paid	`PaymentsOfOrdinaryDividends`	$126.46M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$1.17M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$1.95M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-134.68M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-141.19M	USD	1 Quarter
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-127.63M	USD	1 Quarter
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.93M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$546.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$734.74M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$559.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.37M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$546.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$734.74M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$559.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$467.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$684.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$809.32M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$79.34M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$53.05M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.75M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$546.39M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$734.74M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$559.31M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.37M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.62M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$14.29M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$35.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$137.00K	USD	1 Quarter
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$11.64M	USD	1 Quarter
Accrued renovations and additions to hotel properties and other assets	`CapitalExpendituresIncurredButNotYetPaid`	$17.21M	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$113.00K	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$99.00K	USD	1 Quarter
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.49M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$14.64M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Common stock distributions and distributions payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Amortization of deferred stock compensation	`RestrictedStockExpense`	$2.11M	USD	1 Quarter
Amortization of deferred stock compensation	`RestrictedStockExpense`	$2.22M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-4.43M	USD	1 Quarter
Issuance of restricted common stock, net	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-4.23M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.28M	USD	1 Quarter
Common stock distributions and distributions payable	`DividendsCommonStockCash`	$11.43M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.17M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.95M	USD	1 Quarter
Net income	`ProfitLoss`	$17.92M	USD	1 Quarter
Net income	`ProfitLoss`	$38.45M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.