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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 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Variable Interest Entity [Line Items]        
Interest expense $ 124,047 $ 88,124 $ 325,137 $ 225,883
Total net interest income 36,586 20,237 106,131 57,144
Expenses related to real estate 22,982 39,398 69,523 143,414
Total net loss from real estate (3,878) (7,495) (9,126) (36,968)
Unrealized gains, net 54,852 96,949 197,670 41,046
Gains (losses) on derivative instruments, net (13,006) (60,640) (86,774) 4,042
Impairment of real estate (1,619) (7,823) (9,437) (48,142)
Loss on reclassification of disposal group 0 0 0 (14,636)
Other income 1,479 19,715 5,644 16,541
Total other income (loss) 48,604 52,875 71,292 (10,527)
NET INCOME (LOSS) 39,785 40,466 81,291 (63,674)
Net loss attributable to non-controlling interest in Consolidated VIEs 5,035 2,383 14,231 33,034
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 44,820 42,849 95,522 (30,640)
VIE, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Net loss attributable to non-controlling interest in Consolidated VIEs 4,241 565 11,966 19,543
VIE, Primary Beneficiary | Financing And Other VIEs        
Variable Interest Entity [Line Items]        
Interest income 14,306 11,002 36,936 28,284
Interest expense 11,199 7,375 26,592 19,928
Total net interest income 3,107 3,627 10,344 8,356
Income from real estate 17,123 29,096 53,999 97,725
Expenses related to real estate 19,943 36,024 60,631 134,667
Total net loss from real estate (2,820) (6,928) (6,632) (36,942)
Unrealized gains, net 2,440 6,753 11,225 7,259
Gains (losses) on derivative instruments, net 8 (179) 54 2,668
Impairment of real estate 0 (8,402) (7,180) (44,173)
Loss on reclassification of disposal group     0 (14,636)
Other income 138 16,266 141 16,272
Total other income (loss) 2,586 14,438 4,240 (32,610)
NET INCOME (LOSS) 2,873 11,137 7,952 (61,196)
Net loss attributable to non-controlling interest in Consolidated VIEs 5,035 2,383 14,231 33,034
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 7,908 13,520 22,183 (28,162)
VIE, Primary Beneficiary | Consolidated SLST        
Variable Interest Entity [Line Items]        
Interest income 14,306 11,002 36,936 28,284
Interest expense 11,199 7,375 26,592 19,928
Total net interest income 3,107 3,627 10,344 8,356
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 2,440 6,753 11,225 7,259
Gains (losses) 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 income (loss) 2,440 6,753 11,225 7,259
NET INCOME (LOSS) 5,547 10,380 21,569 15,615
Net loss attributable to non-controlling interest in Consolidated VIEs 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 5,547 10,380 21,569 15,615
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 17,123 29,096 53,999 97,725
Expenses related to real estate 19,943 36,024 60,631 134,667
Total net loss from real estate (2,820) (6,928) (6,632) (36,942)
Unrealized gains, net 0 0 0 0
Gains (losses) on derivative instruments, net 8 (179) 54 2,668
Impairment of real estate 0 (8,402) (7,180) (44,173)
Loss on reclassification of disposal group     0 (14,636)
Other income 138 16,266 141 16,272
Total other income (loss) 146 7,685 (6,985) (39,869)
NET INCOME (LOSS) (2,674) 757 (13,617) (76,811)
Net loss attributable to non-controlling interest in Consolidated VIEs 5,035 2,383 14,231 33,034
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY $ 2,361 $ 3,140 $ 614 $ (43,777)