v3.25.4
Consolidated Statements of Equity - USD ($)
$ in Thousands
Common shares
Common Shares
Common shares
Class B
Common Shares
Class B
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Total
Balance at beginning of period at Dec. 31, 2022 $ 1,141       $ 3,263,738 $ (628,636) $ 45,644 $ 32,225 $ 2,714,112
Balance at beginning of period (in shares) at Dec. 31, 2022 114,013,000                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net loss attributable to common shareholders and noncontrolling interests           (79,978)   (1,135) (81,113)
Redemption of OP Units for common shares $ 28       44,592       44,620
Redemption of OP Units for common shares (in shares) 2,758,000                
Common shares repurchased $ (225)       (335,088)       $ (335,313)
Common shares repurchased (in shares) (22,576,000)               (22,600,000)
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP")         2,506       $ 2,506
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") (in shares) 114,000                
Dividends declared on common shares           (68,348)     (68,348)
Distributions to noncontrolling interests, net               (32) (32)
Redeemable noncontrolling interests redemption value adjustment and total other comprehensive loss allocation         3,104   4,486   7,590
Total other comprehensive loss             (32,173)   (32,173)
Other comprehensive (income) loss attributable to noncontrolling interests             2,085 (2,085) 2,085
Balance at end of period (in shares) at Dec. 31, 2023 94,309,000                
Balance at end of period at Dec. 31, 2023 $ 944       2,978,852 (776,962) 20,042 28,973 2,251,849
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net loss attributable to common shareholders and noncontrolling interests           (143,526)   (12,025) (155,551)
Redemption of OP Units for common shares $ 11       17,060       17,071
Redemption of OP Units for common shares (in shares) 1,025,000                
Common shares repurchased $ (109)       (170,661)       $ (170,770)
Common shares repurchased (in shares) (10,929,000)               (10,900,000)
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP")         2,187       $ 2,187
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") (in shares) 95,000                
Dividends declared on common shares           (76,795)     (76,795)
Acquisition of noncontrolling interests         (30,475)     (18,972) (49,447)
Contributions from noncontrolling interests, net               20 20
Redeemable noncontrolling interests redemption value adjustment and total other comprehensive loss allocation         (6,560)   817   (5,743)
Total other comprehensive loss             (3,828)   (3,828)
Other comprehensive (income) loss attributable to noncontrolling interests             (1,939) 1,939 (1,939)
Other               $ 65 65
Balance at end of period (in shares) at Dec. 31, 2024 84,500,000 84,500,000              
Balance at end of period at Dec. 31, 2024 $ 846       2,790,403 (997,283) 15,092   1,809,058
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net loss attributable to common shareholders and noncontrolling interests           (139,063)     (139,063)
Redemption of OP Units for common shares $ 19   $ (3)   31,342       31,358
Redemption of OP Units for common shares (in shares) 1,763,000   (274)            
Common shares repurchased $ (269)       (443,385)       $ (443,654)
Common shares repurchased (in shares) (26,825,000)               (26,800,000)
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP")         2,020       $ 2,020
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") (in shares) 89,000                
Dividends declared on common shares           (44,064)     (44,064)
Issuance of Class B Common Shares     $ 139   (139)        
Issuance of Class B Common Shares (in shares)     13,919            
Redeemable noncontrolling interests redemption value adjustment and total other comprehensive loss allocation         (41,360)   3,763   (37,597)
Total other comprehensive loss             (20,468)   (20,468)
Balance at end of period (in shares) at Dec. 31, 2025 59,527,000 59,527,000 13,645 13,645,000          
Balance at end of period at Dec. 31, 2025 $ 596   $ 136   $ 2,338,881 $ (1,180,410) $ (1,613)   $ 1,157,590