XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Accumulated Earnings
Total Common Shareholders' Equity
Noncontrolling Interests
Redeemable Non Controlling Interests
Balance at Dec. 31, 2023 $ 2,083,217 $ 95 $ 1,953,521 $ 32,442 $ (349,141) $ 1,636,917 $ 446,300  
Balance (in Shares) at Dec. 31, 2023   95,362,000            
Beginning Balance, Redeemable NCI at Dec. 31, 2023               $ 50,339
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (1) $ 1 20,886     20,887 (20,888)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   1,290,000            
Issuance of Common Shares, net 328,842 $ 18 328,824     328,842    
Issuance of Common Shares (in Shares)   17,173,000            
Dividends/distributions declared (63,111)       (59,157) (59,157) (3,954)  
Adjustment of redeemable non-controlling interest to estimated redemption value 0              
City Point Loan accrued interest               (8,778)
Employee and trustee stock compensation, net 10,085   1,059     1,059 9,026  
Employee and trustee stock compensation, net (in Shares)   77,000            
Noncontrolling interest distributions (21,010)           (21,010) (6)
Noncontrolling interest contributions 46,118           46,118  
Comprehensive (loss) income (15,731)     (15,191) 13,126 (2,065) (7,148) (6,518)
Comprehensive income (loss) (9,213)              
Reallocation of noncontrolling interests     244     244 (244) [1]  
Balance at Sep. 30, 2024 2,374,927 $ 114 2,304,534 17,251 (395,172) 1,926,727 448,200  
Balance (in Shares) at Sep. 30, 2024   113,902,000            
Ending Balance, Redeemable NCI at Sep. 30, 2024               35,037
Balance at Jun. 30, 2024 2,238,691 $ 105 2,115,689 47,621 (381,945) 1,781,470 457,221  
Balance (in Shares) at Jun. 30, 2024   105,267,000            
Beginning Balance, Redeemable NCI at Jun. 30, 2024               40,874
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     1,546     1,546 (1,546)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   95,000            
Issuance of Common Shares, net 186,719 $ 9 186,710     186,719    
Issuance of Common Shares (in Shares)   8,534,000            
Dividends/distributions declared (22,914)       (21,641) (21,641) (1,273)  
City Point Loan accrued interest               (4,165)
Employee and trustee stock compensation, net 2,729   235     235 2,494  
Employee and trustee stock compensation, net (in Shares)   6,000            
Noncontrolling interest distributions (7,591)           (7,591)  
Noncontrolling interest contributions 2,409           2,409  
Comprehensive (loss) income (26,788)     (30,370) 8,414 (21,956) (3,160) (1,672)
Comprehensive income (loss) (25,116)              
Reallocation of noncontrolling interests     354     354 (354) [1]  
Balance at Sep. 30, 2024 2,374,927 $ 114 2,304,534 17,251 (395,172) 1,926,727 448,200  
Balance (in Shares) at Sep. 30, 2024   113,902,000            
Ending Balance, Redeemable NCI at Sep. 30, 2024               35,037
Balance at Dec. 31, 2024 $ 2,501,689 $ 120 2,436,285 38,650 (409,383) 2,065,672 436,017  
Balance (in Shares) at Dec. 31, 2024 119,657,594 119,658,000            
Beginning Balance, Redeemable NCI at Dec. 31, 2024 $ 30,583             30,583
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     2,403     2,403 (2,403)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   153,000            
Issuance of Common Shares, net 277,506 $ 11 277,495     277,506    
Issuance of Common Shares (in Shares)   11,173,000            
Dividends/distributions declared (82,932)       (78,595) (78,595) (4,337)  
Adjustment of redeemable non-controlling interest to estimated redemption value (1,014)       (1,014) (1,014) 0 1,014
Consolidation of previously unconsolidated investment 29,573           29,573  
City Point Loan accrued interest               (9,296)
Acquisition of noncontrolling interest (1,633)   (1,528)     (1,528) (105) (8,232)
Employee and trustee stock compensation, net 8,664   257     257 8,407  
Employee and trustee stock compensation, net (in Shares)   47,000            
Noncontrolling interest distributions (25,889)           (25,889) (5)
Noncontrolling interest contributions 14,414           14,414 10
Comprehensive (loss) income (69,338)     (21,649) 9,189 (12,460) (51,918) (4,960)
Comprehensive income (loss) (64,378)              
Reallocation of noncontrolling interests     (6,221)     (6,221) 6,221 [1]  
Balance at Sep. 30, 2025 $ 2,656,000 $ 131 2,708,691 17,001 (479,803) 2,246,020 409,980  
Balance (in Shares) at Sep. 30, 2025 131,031,455 131,031,000            
Ending Balance, Redeemable NCI at Sep. 30, 2025 $ 9,114             9,114
Balance at Jun. 30, 2025 2,706,159 $ 131 2,707,218 19,982 (458,205) 2,269,126 437,033  
Balance (in Shares) at Jun. 30, 2025   131,011,000            
Beginning Balance, Redeemable NCI at Jun. 30, 2025               21,174
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     290     290 (290)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   17,000            
Dividends/distributions declared (27,649)       (26,202) (26,202) (1,447)  
Adjustment of redeemable non-controlling interest to estimated redemption value (1,014)       (1,014) (1,014) 0 1,014
City Point Loan accrued interest               (3,270)
Acquisition of noncontrolling interest (1,633)   (1,528)     (1,528) (105) (8,232)
Employee and trustee stock compensation, net 3,019   58     58 2,961  
Employee and trustee stock compensation, net (in Shares)   3,000            
Noncontrolling interest distributions (16,215)           (16,215) (5)
Noncontrolling interest contributions 6,046           6,046  
Comprehensive (loss) income (14,280)     (2,981) 5,618 2,637 (15,350) (1,567)
Comprehensive income (loss) (12,713)              
Reallocation of noncontrolling interests     2,653     2,653 (2,653) [1]  
Balance at Sep. 30, 2025 $ 2,656,000 $ 131 $ 2,708,691 $ 17,001 $ (479,803) $ 2,246,020 $ 409,980  
Balance (in Shares) at Sep. 30, 2025 131,031,455 131,031,000            
Ending Balance, Redeemable NCI at Sep. 30, 2025 $ 9,114             $ 9,114
[1] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.