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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 (Loss) Income
Units in the Operating Partnership
Members in Consolidated Real Estate Entities
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          
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
Transaction costs (79)     (79)        
Issuance of unrestricted stock (in shares)     263,014          
Settlement of restricted stock units for shares of common stock 0   $ 1 (1)        
Sale of common stock (40,937)     160,581       (201,518)
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 share/unit-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 operating partnership units (in shares)     6,698          
Redemption of operating partnership units 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          
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          
Settlement of restricted stock units for shares of common stock 0              
Declared dividend (12,555) (5,047)   (53,938) 46,820   (390)  
Amortization of share/unit-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          
Beginning balance at Dec. 31, 2024 $ 3,118,637 425,000 $ 1,403 2,437,484 0 (8,417) 93,715 169,452
Beginning balance (in shares) at Dec. 31, 2024 141,279,102   141,279,102          
Increase (Decrease) in Stockholders' Equity                
Contributions $ 9,925             9,925
Distributions (11,748)             (11,748)
Transaction costs (5,039)     (5,039)        
Issuance of unrestricted stock (in shares)     386,158          
Settlement of restricted stock units for shares of common stock 0   $ 3 (3)        
Sale of common stock (in shares)     237,553,442          
Sale of common stock 523,392   $ 2,374 521,018        
Sale of pre-funded warrants 138,451     138,451        
Shares withheld to satisfy tax withholding obligations (in shares)     (67,838)          
Shares withheld to satisfy tax withholding obligations (195)   $ (1) (194)        
Declared dividend (10,447) (10,094)   (157,943) 157,857   (267)  
Amortization of share/unit-based compensation 23,186     1,210     21,976  
Net income (loss) (166,508) 10,094     (157,857)   (4,603) (14,142)
Other comprehensive (loss) income 10,996         10,577 332 87
Redemption of operating partnership units (318)     492     (810)  
Ending balance at Jun. 30, 2025 $ 3,630,332 425,000 $ 3,779 2,935,476 0 2,160 110,343 153,574
Ending balance (in shares) at Jun. 30, 2025 379,150,864   379,150,864          
Beginning balance at Mar. 31, 2025 $ 3,038,385 425,000 $ 1,403 2,362,920 0 (7,074) 95,924 160,212
Beginning balance (in shares) at Mar. 31, 2025     141,392,410          
Increase (Decrease) in Stockholders' Equity                
Contributions 6,936             6,936
Distributions (6,959)             (6,959)
Transaction costs (5,039)     (5,039)        
Issuance of unrestricted stock (in shares)     208,178          
Settlement of restricted stock units for shares of common stock 0   $ 2 (2)        
Sale of common stock (in shares)     237,553,442          
Sale of common stock 523,392   $ 2,374 521,018        
Shares withheld to satisfy tax withholding obligations (in shares)     (3,166)          
Shares withheld to satisfy tax withholding obligations 0              
Declared dividend (5,047) (5,047)   (83,149) 83,149      
Amortization of share/unit-based compensation 17,985     785     17,200  
Net income (loss) (86,986) 5,047     (83,149)   (2,209) (6,675)
Other comprehensive (loss) income 9,532         9,234 238 60
Redemption of operating partnership units (318)     492     (810)  
Ending balance at Jun. 30, 2025 $ 3,630,332 $ 425,000 $ 3,779 $ 2,935,476 $ 0 $ 2,160 $ 110,343 $ 153,574
Ending balance (in shares) at Jun. 30, 2025 379,150,864   379,150,864