v3.25.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Series C Cumulative Redeemable Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive (Loss) Income
Units in the Operating Partnership
Members in Consolidated Real Estate Entities
Beginning balance at Dec. 31, 2023 $ 3,494,172 $ 425,000 $ 1,403 $ 2,651,798 $ 0 $ (187) $ 80,719 $ 335,439
Beginning balance (in shares) at Dec. 31, 2023     141,034,806          
Increase (Decrease) in Stockholders' Equity                
Contributions 4,704             4,704
Distributions (14,085)             (14,085)
Purchase of non-controlling interest (40,937)     160,581       (201,518)
Issuance of unrestricted stock (in shares)     175,245          
Issuance of unrestricted stock 0   $ 1 (1)        
Shares withheld to satisfy tax withholding obligations (in shares)     (72,157)          
Shares withheld to satisfy tax withholding obligations (495)   $ (1) (494)        
Declared dividend (12,916) (5,047)   (59,220) 52,000   (649)  
Amortization of share/unit-based compensation 6,934     843     6,091  
Net income (loss) (52,351) 5,047     (52,000)   (1,229) (4,169)
Other comprehensive income 3,538         3,220 163 155
Redemption of operating partnership units (in shares)     6,698          
Redemption of operating partnership units 0     133     (133)  
Ending balance at Mar. 31, 2024 3,388,564 425,000 $ 1,403 2,753,640 0 3,033 84,962 120,526
Ending balance (in shares) at Mar. 31, 2024     141,144,592          
Beginning balance at Dec. 31, 2024 $ 3,118,637 425,000 $ 1,403 2,437,484 0 (8,417) 93,715 169,452
Beginning balance (in shares) at Dec. 31, 2024 141,279,102   141,279,102          
Increase (Decrease) in Stockholders' Equity                
Contributions $ 2,989             2,989
Distributions (4,789)             (4,789)
Issuance of unrestricted stock (in shares)     177,980          
Issuance of unrestricted stock 0   $ 1 (1)        
Shares withheld to satisfy tax withholding obligations (in shares)     (64,672)          
Shares withheld to satisfy tax withholding obligations (195)   $ (1) (194)        
Declared dividend (5,400) (5,047)   (74,794) 74,708   (267)  
Amortization of share/unit-based compensation 5,201     425     4,776  
Net income (loss) (79,522) 5,047     (74,708)   (2,394) (7,467)
Other comprehensive income 1,464         1,343 94 27
Ending balance at Mar. 31, 2025 $ 3,038,385 $ 425,000 $ 1,403 $ 2,362,920 $ 0 $ (7,074) $ 95,924 $ 160,212
Ending balance (in shares) at Mar. 31, 2025 141,392,410   141,392,410