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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total Shareholders' Equity
Common Shares
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Noncontrolling Interest in Subsidiaries
Noncontrolling Interests in the Operating Partnership
Total
Balance at Dec. 31, 2023 $ 2,798,828 $ 2,249 $ 4,142,229 $ (411) $ (1,345,239) $ 21,704   $ 2,820,532
Balance (in shares) at Dec. 31, 2023   224,921            
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2023             $ 60,276  
Increase (Decrease) in Stockholders' Equity                
Contributions from noncontrolling interest in subsidiaries           309   309
Distributions paid to noncontrolling interest in subsidiaries           (125)   (125)
Issuance of common shares, net (10)   (10)         (10)
Issuance of restricted shares 1 $ 1           1
Issuance of restricted shares (in shares)   24            
Conversion from units to shares 561   561       (561) 561
Conversion from units to shares (in shares)   12            
Exercise of stock options 201   201         201
Exercise of stock options (in shares)   8            
Equity compensation expense 2,829   2,829         2,829
Taxes withheld upon net settlement of equity compensation (838)   (838)         (838)
Adjustment for noncontrolling interests in the Operating Partnership 1,346       1,346   (1,346) 1,346
Net income (loss) 94,527       94,527 (210)   94,317
Net income (loss)             541  
Other comprehensive income, net 20     20       20
Common share distributions (115,357)       (115,357)   (657) (115,357)
Balance at Mar. 31, 2024 2,782,108 $ 2,250 4,144,972 (391) (1,364,723) 21,678   2,803,786
Balance (in shares) at Mar. 31, 2024   224,965            
Balance of Noncontrolling Interests in the Operating Partnership at Mar. 31, 2024             58,253  
Increase (Decrease) in Stockholders' Equity                
Distributions paid to noncontrolling interest in subsidiaries           (54)   (54)
Issuance of common shares, net (39)   (39)         (39)
Issuance of restricted shares (in shares)   28            
Conversion from units to shares 2,123 $ 1 2,122       (2,123) 2,123
Conversion from units to shares (in shares)   50            
Exercise of stock options 4,518 $ 1 4,517         4,518
Exercise of stock options (in shares)   154            
Equity compensation expense 2,858   2,858         2,858
Taxes withheld upon net settlement of equity compensation (161)   (161)         (161)
Adjustment for noncontrolling interests in the Operating Partnership 93       93   (93) 93
Net income (loss) 93,964       93,964 (302)   93,662
Net income (loss)             524  
Other comprehensive income, net 20     20       20
Common share distributions (115,390)       (115,390)   (631) (115,390)
Balance at Jun. 30, 2024 2,770,094 $ 2,252 4,154,269 (371) (1,386,056) 21,322   2,791,416
Balance (in shares) at Jun. 30, 2024   225,197            
Balance of Noncontrolling Interests in the Operating Partnership at Jun. 30, 2024             55,930  
Increase (Decrease) in Stockholders' Equity                
Distributions paid to noncontrolling interest in subsidiaries           (130)   (130)
Issuance of common shares, net 32,768 $ 6 32,762         32,768
Issuance of common shares, net (in shares)   612            
Issuance of restricted shares (in shares)   2            
Conversion from units to shares 324   324       (324) 324
Conversion from units to shares (in shares)   6            
Exercise of stock options 5,222 $ 2 5,220         5,222
Exercise of stock options (in shares)   186            
Equity compensation expense 2,903   2,903         2,903
Taxes withheld upon net settlement of equity compensation (29)   (29)         (29)
Adjustment for noncontrolling interests in the Operating Partnership (10,801)       (10,801)   10,801 (10,801)
Net income (loss) 100,797       100,797 (398)   100,399
Net income (loss)             551  
Other comprehensive income, net 20     20       20
Common share distributions (115,790)       (115,790)   (628) (115,790)
Balance at Sep. 30, 2024 2,785,508 $ 2,260 4,195,449 (351) (1,411,850) 20,794   2,806,302
Balance (in shares) at Sep. 30, 2024   226,003            
Balance of Noncontrolling Interests in the Operating Partnership at Sep. 30, 2024             66,330  
Balance at Dec. 31, 2024 2,871,856 $ 2,278 4,285,570 (330) (1,415,662) 30,819   2,902,675
Balance (in shares) at Dec. 31, 2024   227,765            
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2024             51,193 51,193
Increase (Decrease) in Stockholders' Equity                
Distributions paid to noncontrolling interest in subsidiaries           (112)   (112)
Issuance of common shares, net (168)   (168)         (168)
Issuance of restricted shares 1 $ 1           1
Issuance of restricted shares (in shares)   103            
Conversion from units to shares 2,209   2,209       (2,209) 2,209
Conversion from units to shares (in shares)   52            
Equity compensation expense 3,208   3,208         3,208
Taxes withheld upon net settlement of equity compensation (3,047)   (3,047)         (3,047)
Adjustment for noncontrolling interests in the Operating Partnership 59       59   (59) 59
Net income (loss) 89,197       89,197 (905)   88,292
Net income (loss)             453  
Other comprehensive income, net 20     20       20
Common share distributions (119,114)       (119,114)   (594) (119,114)
Balance at Mar. 31, 2025 2,844,221 $ 2,279 4,287,772 (310) (1,445,520) 29,802   2,874,023
Balance (in shares) at Mar. 31, 2025   227,920            
Balance of Noncontrolling Interests in the Operating Partnership at Mar. 31, 2025             48,784  
Increase (Decrease) in Stockholders' Equity                
Distributions paid to noncontrolling interest in subsidiaries           (165)   (165)
Issuance of common shares, net (122)   (122)         (122)
Issuance of restricted shares (in shares)   29            
Conversion from units to shares 1,543   1,543       (1,543) 1,543
Conversion from units to shares (in shares)   39            
Exercise of stock options 1,669 $ 1 1,668         1,669
Exercise of stock options (in shares)   46            
Equity compensation expense 2,504   2,504         2,504
Taxes withheld upon net settlement of equity compensation (183)   (183)         (183)
Adjustment for noncontrolling interests in the Operating Partnership 180       180   (180) 180
Net income (loss) 82,960       82,960 (929)   82,031
Net income (loss)             401  
Other comprehensive income, net 20     20       20
Common share distributions (119,114)       (119,114)   (574) (119,114)
Balance at Jun. 30, 2025 2,813,678 $ 2,280 4,293,182 (290) (1,481,494) 28,708   2,842,386
Balance (in shares) at Jun. 30, 2025   228,034            
Balance of Noncontrolling Interests in the Operating Partnership at Jun. 30, 2025             46,888  
Increase (Decrease) in Stockholders' Equity                
Contributions from noncontrolling interest in subsidiaries           303   303
Distributions paid to noncontrolling interest in subsidiaries           (157)   (157)
Issuance of common shares, net (110)   (110)         (110)
Issuance of restricted shares (in shares)   1            
Equity compensation expense 2,889   2,889         2,889
Taxes withheld upon net settlement of equity compensation (20)   (20)         (20)
Adjustment for noncontrolling interests in the Operating Partnership 1,852       1,852   (1,852) 1,852
Net income (loss) 82,930       82,930 (910)   82,020
Net income (loss)             396  
Other comprehensive income, net 20     20       20
Common share distributions (119,103)       (119,103)   (574) (119,103)
Balance at Sep. 30, 2025 $ 2,782,136 $ 2,280 $ 4,295,941 $ (270) $ (1,515,815) $ 27,944   2,810,080
Balance (in shares) at Sep. 30, 2025   228,035            
Balance of Noncontrolling Interests in the Operating Partnership at Sep. 30, 2025             $ 44,858 $ 44,858