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Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Schedule of Statement of Operations of Variable Interest Entities (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Variable Interest Entity [Line Items]        
Interest expense $ 104,454 $ 71,731 $ 201,091 $ 137,759
Total net interest income 36,447 19,044 69,545 36,907
Expenses related to real estate 23,652 49,572 46,542 104,016
Total net loss from real estate (3,014) (13,106) (5,249) (29,473)
Unrealized gains, net 24,614 (16,512) 142,818 (55,902)
(Losses) gains on derivative instruments, net (26,966) 15,471 (73,768) 64,682
Impairment of real estate (3,913) (4,071) (7,818) (40,319)
Loss on reclassification of disposal group 0 0 0 (14,636)
Other income 2,200 415 4,167 (3,175)
Total other (loss) income (9,264) (6,080) 22,689 (63,401)
NET INCOME (LOSS) 4,440 (24,083) 41,505 (104,141)
Net loss attributable to non-controlling interest in Consolidated VIEs 4,106 8,494 9,196 30,652
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 8,546 (15,589) 50,701 (73,489)
VIE, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Net loss attributable to non-controlling interest in Consolidated VIEs 4,099 4,578 7,726 18,978
VIE, Primary Beneficiary | Financing And Other VIEs        
Variable Interest Entity [Line Items]        
Interest income 11,890 9,154 22,630 17,281
Interest expense 8,429 6,752 15,393 12,553
Total net interest income 3,461 2,402 7,237 4,728
Income from real estate 18,390 33,535 36,876 68,628
Expenses related to real estate 20,661 46,882 40,688 98,643
Total net loss from real estate (2,271) (13,347) (3,812) (30,015)
Unrealized gains, net 5,521 542 8,785 506
(Losses) gains on derivative instruments, net 60 329 46 2,848
Impairment of real estate (3,615) (3,557) (7,180) (35,771)
Loss on reclassification of disposal group     0 (14,636)
Other income 1 4 3 7
Total other (loss) income 1,967 (2,682) 1,654 (47,046)
NET INCOME (LOSS) 3,157 (13,627) 5,079 (72,333)
Net loss attributable to non-controlling interest in Consolidated VIEs 4,106 8,494 9,196 30,652
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 7,263 (5,133) 14,275 (41,681)
VIE, Primary Beneficiary | Consolidated SLST        
Variable Interest Entity [Line Items]        
Interest income 11,890 9,154 22,630 17,281
Interest expense 8,429 6,752 15,393 12,553
Total net interest income 3,461 2,402 7,237 4,728
Income from real estate 0 0 0 0
Expenses related to real estate 0 0 0 0
Total net loss from real estate 0 0 0 0
Unrealized gains, net 5,521 542 8,785 506
(Losses) gains on derivative instruments, net 0 0 0 0
Impairment of real estate 0 0 0 0
Loss on reclassification of disposal group     0 0
Other income 0 0 0 0
Total other (loss) income 5,521 542 8,785 506
NET INCOME (LOSS) 8,982 2,944 16,022 5,234
Net loss attributable to non-controlling interest in Consolidated VIEs 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 8,982 2,944 16,022 5,234
VIE, Primary Beneficiary | Consolidated Real Estate        
Variable Interest Entity [Line Items]        
Interest income 0 0 0 0
Interest expense 0 0 0 0
Total net interest income 0 0 0 0
Income from real estate 18,390 33,535 36,876 68,628
Expenses related to real estate 20,661 46,882 40,688 98,643
Total net loss from real estate (2,271) (13,347) (3,812) (30,015)
Unrealized gains, net 0 0 0 0
(Losses) gains on derivative instruments, net 60 329 46 2,848
Impairment of real estate (3,615) (3,557) (7,180) (35,771)
Loss on reclassification of disposal group     0 (14,636)
Other income 1 4 3 7
Total other (loss) income (3,554) (3,224) (7,131) (47,552)
NET INCOME (LOSS) (5,825) (16,571) (10,943) (77,567)
Net loss attributable to non-controlling interest in Consolidated VIEs 4,106 8,494 9,196 30,652
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY $ (1,719) $ (8,077) $ (1,747) $ (46,915)