XML 41 R6.htm IDEA: XBRL DOCUMENT v3.25.3
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)
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 19,588             19,588
Distributions (24,013)             (24,013)
Purchase of non-controlling interest (40,937)     160,581       (201,518)
Transaction costs (79)     (79)        
Effect of consolidation of previously unconsolidated real estate entity 55,593             55,593
Issuance of unrestricted stock (in shares)     263,014          
Settlement of restricted stock units for shares of common stock 0   $ 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 (30,518) (15,141)   (211,076) 196,738   (1,039)  
Amortization of share/unit-based compensation 20,488     2,552     17,936  
Redemption of operating partnership units (in shares)     6,698          
Redemption of operating partnership units 0     133     (133)  
Net income (loss) (205,298) 15,141     (196,738)   (5,004) (18,697)
Other comprehensive loss (2,189)         (2,157) (117) 85
Ending balance at Sep. 30, 2024 3,286,312 425,000 $ 1,403 2,603,414 0 (2,344) 92,362 166,477
Ending balance (in shares) at Sep. 30, 2024     141,232,361          
Beginning balance at Jun. 30, 2024 3,395,808 425,000 $ 1,403 2,700,907 0 2,824 89,328 176,346
Beginning balance (in shares) at Jun. 30, 2024     141,232,361          
Increase (Decrease) in Stockholders' Equity                
Contributions 6,403             6,403
Distributions (5,316)             (5,316)
Declared dividend (5,047) (5,047)   (97,918) 97,918      
Amortization of share/unit-based compensation 6,268     425     5,843  
Net income (loss) (106,198) 5,047     (97,918)   (2,550) (10,777)
Other comprehensive loss (5,606)         (5,168) (259) (179)
Ending balance at Sep. 30, 2024 3,286,312 425,000 $ 1,403 2,603,414 0 (2,344) 92,362 166,477
Ending balance (in shares) at Sep. 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 $ 29,608             29,608
Distributions (15,269)             (15,269)
Purchase of non-controlling interest 0     23,644       (23,644)
Deconsolidation of real estate entity (62,534)             (62,534)
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        
Transaction costs (5,648)     (5,648)        
Exercise of pre-funded warrants (in shares)     211,073          
Exercise of pre-funded warrants 0   $ 1 (1)        
Issuance of unrestricted stock (in shares)     457,516          
Settlement of restricted stock units for shares of common stock 0   $ 4 (4)        
Shares withheld to satisfy tax withholding obligations (in shares)     (67,838)          
Shares withheld to satisfy tax withholding obligations (237)   $ (1) (236)        
Declared dividend (15,494) (15,141)   (294,410) 294,324   (267)  
Amortization of share/unit-based compensation 26,882     1,826     25,056  
Redemption of operating partnership units (318)     492     (810)  
Net income (loss) (309,673) 15,141     (294,324)   (6,382) (24,108)
Other comprehensive loss 5,541         5,156 190 195
Ending balance at Sep. 30, 2025 $ 3,433,338 425,000 $ 3,781 2,822,616 0 (3,261) 111,502 73,700
Ending balance (in shares) at Sep. 30, 2025 379,433,295   379,433,295          
Beginning balance at Jun. 30, 2025 $ 3,630,332 425,000 $ 3,779 2,935,476 0 2,160 110,343 153,574
Beginning balance (in shares) at Jun. 30, 2025     379,150,864          
Increase (Decrease) in Stockholders' Equity                
Contributions 19,683             19,683
Distributions (3,521)             (3,521)
Purchase of non-controlling interest 0     23,644       (23,644)
Deconsolidation of real estate entity (62,534)             (62,534)
Sale of common stock (in shares)     211,073          
Sale of common stock 0   $ 1 (1)        
Transaction costs (609)     (609)        
Issuance of unrestricted stock (in shares)     71,358          
Settlement of restricted stock units for shares of common stock 0   $ 1 (1)        
Shares withheld to satisfy tax withholding obligations (42)     (42)        
Declared dividend (5,047) (5,047)   (136,467) 136,467      
Amortization of share/unit-based compensation 3,696     616     3,080  
Net income (loss) (143,165) 5,047     (136,467)   (1,779) (9,966)
Other comprehensive loss (5,455)         (5,421) (142) 108
Ending balance at Sep. 30, 2025 $ 3,433,338 $ 425,000 $ 3,781 $ 2,822,616 $ 0 $ (3,261) $ 111,502 $ 73,700
Ending balance (in shares) at Sep. 30, 2025 379,433,295   379,433,295