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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 Loss
Noncontrolling Interests
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        
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 (in shares)     105,240        
Employee stock purchases 1,021 1,021 $ 1 1,020      
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        
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 (in shares)     105,240        
Employee stock purchases 1,021 1,021 $ 1 1,020      
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        
Beginning balance at Dec. 31, 2024 $ 2,842,425 2,756,487 $ 2,527 6,160,780 (3,406,786) (34) 85,938
Beginning balance (in shares) at Dec. 31, 2024 252,925,496   252,925,496        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income $ (92,698) (91,029)     (91,029)   (1,669)
Interest rate cap agreements 21 21       21  
Amortization of share and unit-based plans 8,620 8,620 $ 2 8,618      
Amortization of share and unit-based plans (in shares)     175,657        
Employee stock purchases (in shares)     91,990        
Employee stock purchases 1,251 1,251 $ 1 1,250      
Stock offerings, net (639) (639)   (639)      
Distributions paid (86,927) (86,927)     (86,927)    
Distributions to noncontrolling interests (9,238)           (9,238)
Conversion of noncontrolling interests to common shares 0 118   118     (118)
Conversion of noncontrolling interests to common shares (in shares)     6,100        
Adjustment of noncontrolling interests in Operating Partnership 0 (2,580)   (2,580)     2,580
Ending balance at Jun. 30, 2025 $ 2,662,815 2,585,322 $ 2,530 6,167,547 (3,584,742) (13) 77,493
Ending balance (in shares) at Jun. 30, 2025 253,199,243   253,199,243        
Beginning balance at Mar. 31, 2025 $ 2,743,923 2,663,572 $ 2,528 6,161,896 (3,500,838) (14) 80,351
Beginning balance (in shares) at Mar. 31, 2025     253,030,425        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (41,544) (40,905)     (40,905)   (639)
Interest rate cap agreements 1 1       1  
Amortization of share and unit-based plans 5,138 5,138 $ 1 5,137      
Amortization of share and unit-based plans (in shares)     76,828        
Employee stock purchases (in shares)     91,990        
Employee stock purchases 1,251 1,251 $ 1 1,250      
Stock offerings, net (221) (221)   (221)      
Distributions paid (42,999) (42,999)     (42,999)    
Distributions to noncontrolling interests (2,734)           (2,734)
Adjustment of noncontrolling interests in Operating Partnership 0 (515)   (515)     515
Ending balance at Jun. 30, 2025 $ 2,662,815 $ 2,585,322 $ 2,530 $ 6,167,547 $ (3,584,742) $ (13) $ 77,493
Ending balance (in shares) at Jun. 30, 2025 253,199,243   253,199,243