XML 19 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Rental income $ 1,309,184 $ 907,451 $ 520,334
Interest income 17,134 11,480 4,192
Other operating 17,451 13,706 10,291
Total Revenue 1,343,769 932,637 534,817
Expenses      
Property operating 500,437 344,038 212,273
General and administrative 58,405 52,734 34,152
Acquisition and pursuit costs 2,026 3,229 3,930
Merger-related costs (1,952) 103,380 0
Depreciation and amortization 730,709 453,082 202,714
Total expenses 1,289,625 956,463 453,069
Other income (expense)      
Gain on sales of real estate properties 77,546 270,271 55,940
Interest expense (258,584) (146,691) (53,124)
Gain (loss) on extinguishment of debt 62 (2,401) 0
Impairment of real estate properties and credit loss reserves (154,912) (54,427) (17,101)
Equity loss from unconsolidated joint ventures (1,682) (687) (795)
Interest and other income (expense), net 1,343 (1,546) (9)
Total other income (expense) (336,227) 64,519 (15,089)
Net (loss) income (282,083) 40,693 66,659
Net loss attributable to non-controlling interests 3,822 204 0
Net (loss) income attributable to common stockholders $ (278,261) $ 40,897 $ 66,659
Basic and diluted earnings per share:      
Basic earnings per common share (in dollars per share) $ (0.74) $ 0.15 $ 0.45
Diluted earnings per common share (in dollars per share) $ (0.74) $ 0.15 $ 0.45
Weighted average number of shares outstanding, basic and diluted:      
Weighted average common shares outstanding - basic (in shares) 378,927,871 252,356,203 142,637,166
Weighted average common shares outstanding - diluted (in shares) 378,927,871 253,873,321 142,710,228
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member]