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BENEFICIARIES' EQUITY OF THE PARENT COMPANY (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):
| Three Months Ended September 30,
| 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator |  |  |  |  |  |  |
Net loss | $ | (165,720) |  |  | $ | (165,720) |  |  | $ | (21,636) |  |  | $ | (21,636) |
Net loss attributable to noncontrolling interests | 500 |  |  | 500 |  |  | 82 |  |  | 82 |
Nonforfeitable dividends allocated to unvested restricted shareholders | (276) |  |  | (276) |  |  | (159) |  |  | (159) |
Net loss attributable to common shareholders | $ | (165,496) |  |  | $ | (165,496) |  |  | $ | (21,713) |  |  | $ | (21,713) |
Denominator |  |  |  |  |  |  |
Weighted-average shares outstanding | 172,668,731 |  |  | 172,668,731 |  |  | 172,097,661 |  |  | 172,097,661 |
Weighted-average shares outstanding | 172,668,731 |  |  | 172,668,731 |  |  | 172,097,661 |  |  | 172,097,661 |
Loss per Common Share: |  |  |  |  |  |  |
Net loss attributable to common shareholders | $ | (0.96) |  |  | $ | (0.96) |  |  | $ | (0.13) |  |  | $ | (0.13) |
| Nine Months Ended September 30,
| 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator |  |  |  |  |  |  |
Net loss | $ | (151,867) |  |  | $ | (151,867) |  |  | $ | (39,649) |  |  | $ | (39,649) |
Net loss attributable to noncontrolling interests | 452 |  |  | 452 |  |  | 140 |  |  | 140 |
Nonforfeitable dividends allocated to unvested restricted shareholders | (889) |  |  | (889) |  |  | (433) |  |  | (433) |
Net loss attributable to common shareholders | $ | (152,304) |  |  | $ | (152,304) |  |  | $ | (39,942) |  |  | $ | (39,942) |
Denominator |  |  |  |  |  |  |
Weighted-average shares outstanding | 172,480,325 |  |  | 172,480,325 |  |  | 171,912,552 |  |  | 171,912,552 |
Weighted-average shares outstanding | 172,480,325 |  |  | 172,480,325 |  |  | 171,912,552 |  |  | 171,912,552 |
Loss per Common Share: |  |  |  |  |  |  |
Net loss attributable to common shareholders | $ | (0.88) |  |  | $ | (0.88) |  |  | $ | (0.23) |  |  | $ | (0.23) |
The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):
| Three Months Ended September 30,
| 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator |  |  |  |  |  |  |
Net loss | $ | (165,720) |  |  | $ | (165,720) |  |  | $ | (21,636) |  |  | $ | (21,636) |
Net loss attributable to noncontrolling interests | 3 |  |  | 3 |  |  | 20 |  |  | 20 |
Nonforfeitable dividends allocated to unvested restricted unitholders | (276) |  |  | (276) |  |  | (159) |  |  | (159) |
Net loss attributable to common unitholders | $ | (165,993) |  |  | $ | (165,993) |  |  | $ | (21,775) |  |  | $ | (21,775) |
Denominator |  |  |  |  |  |  |
Total weighted-average units outstanding | 173,184,325 |  |  | 173,184,325 |  |  | 172,614,128 |  |  | 172,614,128 |
Loss per Common Partnership Unit: |  |  |  |  |  |  |
Net loss attributable to common unitholders | $ | (0.96) |  |  | $ | (0.96) |  |  | $ | (0.13) |  |  | $ | (0.13) |
| Nine Months Ended September 30,
| 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator |  |  |  |  |  |  |
Net loss | $ | (151,867) |  |  | $ | (151,867) |  |  | $ | (39,649) |  |  | $ | (39,649) |
Net (income) loss attributable to noncontrolling interests | (3) |  |  | (3) |  |  | 21 |  |  | 21 |
Nonforfeitable dividends allocated to unvested restricted unitholders | (889) |  |  | (889) |  |  | (433) |  |  | (433) |
Net loss attributable to common unitholders | $ | (152,759) |  |  | $ | (152,759) |  |  | $ | (40,061) |  |  | $ | (40,061) |
Denominator |  |  |  |  |  |  |
Total weighted-average units outstanding | 172,995,920 |  |  | 172,995,920 |  |  | 172,429,019 |  |  | 172,429,019 |
Loss per Common Partnership Unit: |  |  |  |  |  |  |
Net loss attributable to common unitholders | $ | (0.88) |  |  | $ | (0.88) |  |  | $ | (0.23) |  |  | $ | (0.23) |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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