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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance at Dec. 31, 2022 $ 2,949,349 $ 2,865,773 $ 2,151 $ 5,506,084 $ (2,643,094) $ 632 $ 83,576
Beginning balance (in shares) at Dec. 31, 2022     215,241,129        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (72,600) (73,697)     (73,697)   1,097
Interest rate cap agreements 470 470       470  
Amortization of share and unit-based plans 12,019 12,019 $ 2 12,017      
Amortization of share and unit-based plans (in shares)     250,914        
Employee stock purchases 1,021 1,021 $ 1 1,020      
Employee stock purchases (in shares)     125,754        
Stock offerings, net (77) (77)   (77)      
Distributions paid (73,306) (73,306)     (73,306)    
Distributions to noncontrolling interests (7,839)           (7,839)
Adjustment of noncontrolling interests in Operating Partnership 0 (807)   (807)     807
Ending balance at Jun. 30, 2023 2,809,037 2,731,396 $ 2,154 5,518,237 (2,790,097) 1,102 77,641
Ending balance (in shares) at Jun. 30, 2023     215,617,797        
Beginning balance at Mar. 31, 2023 2,855,414 2,775,892 $ 2,152 5,511,513 (2,738,525) 752 79,522
Beginning balance (in shares) at Mar. 31, 2023     215,361,920        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (14,406) (14,964)     (14,964)   558
Interest rate cap agreements 350 350       350  
Amortization of share and unit-based plans 6,047 6,047 $ 1 6,046      
Amortization of share and unit-based plans (in shares)     130,123        
Employee stock purchases 1,021 1,021 $ 1 1,020      
Employee stock purchases (in shares)     125,754        
Stock offerings, net (56) (56)   (56)      
Distributions paid (36,608) (36,608)     (36,608)    
Distributions to noncontrolling interests (2,725)           (2,725)
Adjustment of noncontrolling interests in Operating Partnership 0 (286)   (286)     286
Ending balance at Jun. 30, 2023 2,809,037 2,731,396 $ 2,154 5,518,237 (2,790,097) 1,102 77,641
Ending balance (in shares) at Jun. 30, 2023     215,617,797        
Beginning balance at Dec. 31, 2023 $ 2,527,601 2,447,020 $ 2,158 5,509,603 (3,063,789) (952) 80,581
Beginning balance (in shares) at Dec. 31, 2023 215,976,614   215,976,614        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income $ 134,053 125,279     125,279   8,774
Interest rate cap agreements 920 920       920  
Amortization of share and unit-based plans 5,443 5,443 $ 2 5,441      
Amortization of share and unit-based plans (in shares)     228,844        
Employee stock purchases 1,021 1,021 $ 1 1,020      
Employee stock purchases (in shares)     105,240        
Stock offerings, net (66) (66)   (66)      
Distributions paid (73,519) (73,519)     (73,519)    
Distributions to noncontrolling interests (6,713)           (6,713)
Conversion of noncontrolling interests to common shares 0 5,970 $ 1 5,969     (5,970)
Conversion of noncontrolling interests to common shares (in shares)     92,523        
Adjustment of noncontrolling interests in Operating Partnership 0 (6,634)   (6,634)     6,634
Ending balance at Jun. 30, 2024 $ 2,588,740 2,505,434 $ 2,162 5,515,333 (3,012,029) (32) 83,306
Ending balance (in shares) at Jun. 30, 2024 216,403,221   216,403,221        
Beginning balance at Mar. 31, 2024 $ 2,360,615 2,287,138 $ 2,159 5,512,628 (3,227,312) (337) 73,477
Beginning balance (in shares) at Mar. 31, 2024     216,091,693        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income 265,499 252,007     252,007   13,492
Interest rate cap agreements 305 305       305  
Amortization of share and unit-based plans 2,397 2,397 $ 1 2,396      
Amortization of share and unit-based plans (in shares)     113,765        
Employee stock purchases 1,021 1,021 $ 1 1,020      
Employee stock purchases (in shares)     105,240        
Stock offerings, net (66) (66)   (66)      
Distributions paid (36,724) (36,724)     (36,724)    
Distributions to noncontrolling interests (4,307)           (4,307)
Conversion of noncontrolling interests to common shares 0 5,970 $ 1 5,969     (5,970)
Conversion of noncontrolling interests to common shares (in shares)     92,523        
Adjustment of noncontrolling interests in Operating Partnership 0 (6,614)   (6,614)     6,614
Ending balance at Jun. 30, 2024 $ 2,588,740 $ 2,505,434 $ 2,162 $ 5,515,333 $ (3,012,029) $ (32) $ 83,306
Ending balance (in shares) at Jun. 30, 2024 216,403,221   216,403,221