XML 21 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Stockholders' Equity
Class A Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Non-Controlling Interests
Beginning balance at Dec. 31, 2023 $ 4,387,504 $ 4,367,711 $ 1,732 $ 5,507,459 $ 9,454 $ (1,150,934) $ 19,793
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Restricted class A common stock earned 7,911 7,911 4 7,907      
Dividends reinvested 253 253   253      
Deferred directors’ compensation 201 201   201      
Net (loss) income (123,170) (123,838)       (123,838) 668
Other comprehensive income (loss) 416 416     416    
Dividends declared on common stock and deferred stock units (107,901) (107,901)       (107,901)  
Distributions to non-controlling interests (627)           (627)
Ending balance at Mar. 31, 2024 $ 4,164,587 4,144,753 1,736 5,515,820 9,870 (1,382,673) 19,834
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared on common stock and deferred stock units (in dollars per share) $ 0.62            
Beginning balance at Dec. 31, 2023 $ 4,387,504 4,367,711 1,732 5,507,459 9,454 (1,150,934) 19,793
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchases of class A common stock (11,000)            
Net (loss) income (239,216)            
Other comprehensive income (loss) 1,637            
Dividends declared on common stock and deferred stock units (297,318)            
Ending balance at Sep. 30, 2024 $ 3,860,397 3,844,592 1,730 5,521,305 11,091 (1,689,534) 15,805
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared on common stock and deferred stock units (in dollars per share) $ 1.71            
Beginning balance at Mar. 31, 2024 $ 4,164,587 4,144,753 1,736 5,515,820 9,870 (1,382,673) 19,834
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Restricted class A common stock earned 7,761 7,761   7,761      
Dividends reinvested 261 261   261      
Deferred directors’ compensation 201 201   201      
Net (loss) income (60,202) (61,057)       (61,057) 855
Other comprehensive income (loss) 458 458     458    
Dividends declared on common stock and deferred stock units (107,873) (107,873)       (107,873)  
Contributions from non-controlling interests 1,245           1,245
Distributions to non-controlling interests (1,840)           (1,840)
Ending balance at Jun. 30, 2024 $ 4,004,598 3,984,504 1,736 5,524,043 10,328 (1,551,603) 20,094
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared on common stock and deferred stock units (in dollars per share) $ 0.62            
Repurchases of class A common stock $ (10,998) (10,998) (6) (10,992)      
Restricted class A common stock earned 7,728 7,728   7,728      
Dividends reinvested 270 270   270      
Deferred directors’ compensation 256 256   256      
Net (loss) income (55,844) (56,384)       (56,384) 540
Other comprehensive income (loss) 763 763     763    
Dividends declared on common stock and deferred stock units (81,547) (81,547)       (81,547)  
Distributions to non-controlling interests (4,829)           (4,829)
Ending balance at Sep. 30, 2024 $ 3,860,397 3,844,592 1,730 5,521,305 11,091 (1,689,534) 15,805
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared on common stock and deferred stock units (in dollars per share) $ 0.47            
Beginning balance at Dec. 31, 2024 $ 3,794,189 3,787,308 1,728 5,511,053 8,268 (1,733,741) 6,881
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares of class A common stock issued, net 0   1 (1)      
Repurchases of class A common stock (31,647) (31,647) (18) (31,629)      
Restricted class A common stock earned 6,792 6,792 5 6,787      
Dividends reinvested 213 213   213      
Deferred directors’ compensation 173 173   173      
Net (loss) income (351) (357)       (357) 6
Other comprehensive income (loss) 323 323     323    
Dividends declared on common stock and deferred stock units (80,837) (80,837)       (80,837)  
Distributions to non-controlling interests (137)           (137)
Ending balance at Mar. 31, 2025 $ 3,688,718 3,681,968 1,716 5,486,596 8,591 (1,814,935) 6,750
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared on common stock and deferred stock units (in dollars per share) $ 0.47            
Beginning balance at Dec. 31, 2024 $ 3,794,189 3,787,308 1,728 5,511,053 8,268 (1,733,741) 6,881
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchases of class A common stock (47,700)            
Net (loss) income 70,041            
Other comprehensive income (loss) 1,052            
Dividends declared on common stock and deferred stock units (242,014)            
Ending balance at Sep. 30, 2025 $ 3,597,403 3,590,702 1,707 5,485,421 9,320 (1,905,746) 6,701
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared on common stock and deferred stock units (in dollars per share) $ 1.41            
Beginning balance at Mar. 31, 2025 $ 3,688,718 3,681,968 1,716 5,486,596 8,591 (1,814,935) 6,750
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchases of class A common stock (39) (39)   (39)      
Restricted class A common stock earned 7,131 7,131   7,131      
Dividends reinvested 160 160   160      
Deferred directors’ compensation 172 172   172      
Net (loss) income 6,984 6,969       6,969 15
Other comprehensive income (loss) 1,207 1,207     1,207    
Dividends declared on common stock and deferred stock units (80,796) (80,796)       (80,796)  
Ending balance at Jun. 30, 2025 $ 3,623,537 3,616,772 1,716 5,494,020 9,798 (1,888,762) 6,765
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared on common stock and deferred stock units (in dollars per share) $ 0.47            
Repurchases of class A common stock $ (16,066) (16,066) (9) (16,057)      
Restricted class A common stock earned 7,130 7,130   7,130      
Dividends reinvested 156 156   156      
Deferred directors’ compensation 172 172   172      
Net (loss) income 63,408 63,397       63,397 11
Other comprehensive income (loss) (478) (478)     (478)    
Dividends declared on common stock and deferred stock units (80,381) (80,381)       (80,381)  
Distributions to non-controlling interests (75)           (75)
Ending balance at Sep. 30, 2025 $ 3,597,403 $ 3,590,702 $ 1,707 $ 5,485,421 $ 9,320 $ (1,905,746) $ 6,701
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared on common stock and deferred stock units (in dollars per share) $ 0.47