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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Series C Cumulative Redeemable Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest - Members in Consolidated Real Estate Entities
Non-controlling Interest - Real Estate Entities
Beginning balance at Dec. 31, 2022 $ 3,749,831 $ 425,000 $ 1,409 $ 2,889,967 $ 0 $ (11,272) $ 66,971 $ 377,756
Beginning balance (in shares) at Dec. 31, 2022     141,054,478          
Increase (Decrease) in Stockholders' Equity                
Contributions 14,205             14,205
Distributions (38,439)             (38,439)
Issuance of unrestricted stock (in shares)     82,861          
Shares withheld to satisfy tax withholding obligations (in shares)     (12,237)          
Shares withheld to satisfy tax withholding obligations (87)     (87)        
Shares repurchased (in shares)     (187,400)          
Shares repurchased (1,369)   $ (6) (1,363)        
Declared dividend (65,054) (10,094)   (108,959) 55,738   (1,739)  
Amortization of stock-based compensation 12,901     4,300     8,601  
Net income (loss) (45,195) 10,094     (55,738)   (928) 1,377
Other comprehensive (loss) income 18,559         17,685 503 371
Ending balance at Jun. 30, 2023 3,645,352 425,000 $ 1,403 2,783,858 0 6,413 73,408 355,270
Ending balance (in shares) at Jun. 30, 2023     140,937,702          
Beginning balance at Mar. 31, 2023 3,698,882 425,000 $ 1,403 2,835,061 0 (8,147) 69,605 375,960
Beginning balance (in shares) at Mar. 31, 2023     140,888,769          
Increase (Decrease) in Stockholders' Equity                
Contributions 7,708             7,708
Distributions (28,880)             (28,880)
Issuance of unrestricted stock (in shares)     48,933          
Declared dividend (23,342) (5,047)   (53,591) 35,866   (570)  
Amortization of stock-based compensation 6,993     2,388     4,605  
Net income (loss) (31,119) 5,047     (35,866)   (646) 346
Other comprehensive (loss) income 15,110         14,560 414 136
Ending balance at Jun. 30, 2023 3,645,352 425,000 $ 1,403 2,783,858 0 6,413 73,408 355,270
Ending balance (in shares) at Jun. 30, 2023     140,937,702          
Beginning balance at Dec. 31, 2023 $ 3,494,172 425,000 $ 1,403 2,651,798 0 (187) 80,719 335,439
Beginning balance (in shares) at Dec. 31, 2023 141,034,806   141,034,806          
Increase (Decrease) in Stockholders' Equity                
Contributions $ 13,185             13,185
Distributions (18,697)             (18,697)
Effect of consolidation of previously unconsolidated real estate entity 55,593             55,593
Purchase of non-controlling interest (40,937)     160,581       (201,518)
Transaction costs (79)     (79)        
Issuance of unrestricted stock (in shares)     263,014          
Issuance of unrestricted stock     $ 1 (1)        
Shares withheld to satisfy tax withholding obligations (in shares)     (72,157)          
Shares withheld to satisfy tax withholding obligations (495)   $ (1) (494)        
Declared dividend (25,471) (10,094)   (113,158) 98,820   (1,039)  
Amortization of stock-based compensation 14,220     2,127     12,093  
Net income (loss) (99,100) 10,094     (98,820)   (2,454) (7,920)
Other comprehensive (loss) income 3,417         3,011 142 264
Redemption of common units in operating partnership (in shares)     6,698          
Redemption of common units in operating partnership 0     133     (133)  
Ending balance at Jun. 30, 2024 $ 3,395,808 425,000 $ 1,403 2,700,907 0 2,824 89,328 176,346
Ending balance (in shares) at Jun. 30, 2024 141,232,361   141,232,361          
Beginning balance at Mar. 31, 2024 $ 3,388,564 425,000 $ 1,403 2,753,640 0 3,033 84,962 120,526
Beginning balance (in shares) at Mar. 31, 2024     141,144,592          
Increase (Decrease) in Stockholders' Equity                
Contributions 8,481             8,481
Distributions (4,612)             (4,612)
Effect of consolidation of previously unconsolidated real estate entity 55,593             55,593
Transaction costs (79)     (79)        
Issuance of unrestricted stock (in shares)     87,769          
Issuance of unrestricted stock 0              
Declared dividend (12,555) (5,047)   (53,938) 46,820   (390)  
Amortization of stock-based compensation 7,286     1,284     6,002  
Net income (loss) (46,749) 5,047     (46,820)   (1,225) (3,751)
Other comprehensive (loss) income (121)         (209) (21) 109
Ending balance at Jun. 30, 2024 $ 3,395,808 $ 425,000 $ 1,403 $ 2,700,907 $ 0 $ 2,824 $ 89,328 $ 176,346
Ending balance (in shares) at Jun. 30, 2024 141,232,361   141,232,361