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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Common Stock
Additional Paid-In Capital
Retained Earnings / Accumulated (Deficit)
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Total
Balance at the beginning of the period at Dec. 31, 2023 [1]           $ 19,011
Increase (Decrease) in Temporary Equity [Roll Forward]            
Net income (loss) [1]           (576)
Redemption of noncontrolling interests [1]           (18,435)
Balance at the beginning of the period at Dec. 31, 2023 $ 711 $ 2,184,299 $ 47,580 $ (1,337) $ 45,412 2,276,665
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     60,393   767 61,160
Issuance of common stock, net / amortization 3 7,055     113 7,171
Dividends declared     (25,376)     (25,376)
Change in accumulated other comprehensive income (loss)       39,576   39,576
Contributions from noncontrolling interests         23,682 23,682
Distributions to noncontrolling interests         (419) (419)
Balance at the end of the period at Jun. 30, 2024 714 2,191,354 82,597 38,239 69,555 2,382,459
Balance at the beginning of the period at Mar. 31, 2024 [1]           19,011
Increase (Decrease) in Temporary Equity [Roll Forward]            
Net income (loss) [1]           (576)
Redemption of noncontrolling interests [1]           (18,435)
Balance at the beginning of the period at Mar. 31, 2024 714 2,190,671 65,630 26,458 46,038 2,329,511
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     29,665   466 30,131
Issuance of common stock, net / amortization   683     (260) 423
Dividends declared     (12,698)     (12,698)
Change in accumulated other comprehensive income (loss)       11,781   11,781
Contributions from noncontrolling interests         23,559 23,559
Distributions to noncontrolling interests         (248) (248)
Balance at the end of the period at Jun. 30, 2024 714 2,191,354 82,597 38,239 69,555 2,382,459
Balance at the beginning of the period at Dec. 31, 2024 714 2,191,840 102,472 48,992 30,009 2,374,027 [2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     57,311   68 57,379
Issuance of common stock, net / amortization 3 5,028     656 5,687
Dividends declared     (25,597)     (25,597)
Change in accumulated other comprehensive income (loss)       (7,262)   (7,262)
Distributions to noncontrolling interests         (42) (42)
Redemption of noncontrolling interests   (109)     (16) (125)
Balance at the end of the period at Jun. 30, 2025 717 2,196,759 134,186 41,730 30,675 2,404,067 [2]
Balance at the beginning of the period at Mar. 31, 2025 717 2,195,721 119,034 35,360 30,344 2,381,176
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     27,947   22 27,969
Issuance of common stock, net / amortization   1,038     327 1,365
Dividends declared     (12,795)     (12,795)
Change in accumulated other comprehensive income (loss)       6,370   6,370
Distributions to noncontrolling interests         (18) (18)
Balance at the end of the period at Jun. 30, 2025 $ 717 $ 2,196,759 $ 134,186 $ 41,730 $ 30,675 $ 2,404,067 [2]
[1] Refer to Note 3.
[2] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).