v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid in Capital [Member]
Earnings Less than Distributions [Member]
Accumulated Other Comprehensive Income [Member]
Noncontrolling Interest [Member]
Consolidated Joint Ventures [Member]
Noncontrolling Interest [Member]
Consolidated Real Estate Related Funds [Member]
Noncontrolling Interest [Member]
Operating Partnership [Member]
Beginning balance at Dec. 31, 2023 $ 4,014,888 $ 2,173 $ 4,133,801 $ (943,935) $ 11,246 $ 413,925 $ 110,589 $ 287,089
Common stock, shares outstanding at Dec. 31, 2023   217,366,000            
Net (loss) income 16,731     9,865   5,206 762 898
Common shares issued under Omnibus share plan, net of shares withheld for taxes (178)     (178)        
Common shares issued under Omnibus share plan, net of shares withheld for taxes, shares   (37,000)            
Dividends and distributions (8,376)     (7,607)       (769)
Contributions from noncontrolling interests 63,109         62,220 889  
Distributions to noncontrolling interests (9,163)         (809) (8,354)  
Change in value of interest rate swaps and interest rate caps (4,687)       (4,297)     (390)
Pro rata share of other comprehensive income of unconsolidated joint ventures 143       131     12
Amortization of equity awards 6,194   269         5,925
Reallocation of noncontrolling interest     (2,418)         2,418
Ending balance at Mar. 31, 2024 4,078,661 $ 2,173 4,131,652 (941,855) 7,080 480,542 103,886 295,183
Common stock, shares outstanding at Mar. 31, 2024   217,329,000            
Beginning balance at Dec. 31, 2024 $ 4,009,497 $ 2,175 4,144,301 (1,005,627) 428 495,340 82,875 290,005
Common stock, shares outstanding at Dec. 31, 2024 217,527,797 217,528,000            
Net (loss) income $ (5,317)     (10,026)   3,845 1,769 (905)
Common shares issued upon redemption of common units   $ 17 25,033         (25,050)
Common shares issued upon redemption of common units, shares   1,733,000            
Common shares issued under Omnibus share plan, net of shares withheld for taxes (140)     (140)        
Common shares issued under Omnibus share plan, net of shares withheld for taxes, shares   (36,000)            
Contributions from noncontrolling interests 2,250         2,250    
Distributions to noncontrolling interests (1,855)         (1,855)    
Change in value of interest rate swaps and interest rate caps (13)       (12)     (1)
Pro rata share of other comprehensive income of unconsolidated joint ventures 0              
Amortization of equity awards 3,752   197         3,555
Sale of a 45.0% interest in 900 Third Avenue 92,757   (71,912)     164,669    
Reallocation of noncontrolling interest     2,717         (2,717)
Ending balance at Mar. 31, 2025 $ 4,100,931 $ 2,192 $ 4,100,336 $ (1,015,793) $ 416 $ 664,249 $ 84,644 $ 264,887
Common stock, shares outstanding at Mar. 31, 2025 219,225,083 219,225,000