v3.25.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Total revenues $ 1,687,785 $ 1,754,318 $ 1,579,348
Expenses      
Property operating 714,991 748,522 650,594
General and administrative 47,048 45,144 44,708
Management fees 105,356 153,411 167,100
Performance participation allocation     102,348
Impairment of investments in real estate 150,392 188,804 0
Depreciation and amortization 742,220 811,788 848,943
Total expenses 1,760,007 1,947,669 1,813,693
Other (expense) income      
(Loss) income from unconsolidated real estate ventures (13,435) (11,624) 12,189
Income from investments in real estate debt, net 95,755 123,138 99,787
Net gain on dispositions of real estate 87,108 289,818  
Interest expense (641,420) (583,476) (428,853)
Loss on extinguishment of debt   (93) (313)
Other (expense) income, net (179,994) (299,930) 485,608
Total other (expense) income (651,986) (482,167) 168,418
Net loss (724,208) (675,518) (65,927)
Net loss (income) attributable to non-controlling interests in consolidated joint ventures 3,228 (3,350) (1,927)
Net loss attributable to non-controlling interests in Operating Partnership 36,097 29,165 2,146
Net loss attributable to stockholders $ (684,883) $ (649,703) $ (65,708)
Net loss per share of common stock, basic $ (1.68) $ (1.39) $ (0.14)
Net loss per share of common stock, diluted $ (1.68) $ (1.39) $ (0.14)
Weighted Average Number of Shares Outstanding, basic 408,242,726 467,332,784 469,864,983
Weighted Average Number of Shares Outstanding, Diluted 408,242,726 467,332,784 469,864,983
Comprehensive loss:      
Net loss $ (724,208) $ (675,518) $ (65,927)
Other comprehensive (loss) income item:      
Foreign currency translation adjustments (35,027) 8,578 (23,777)
Other comprehensive (loss) income (35,027) 8,578 (23,777)
Comprehensive loss (759,235) (666,940) (89,704)
Rental revenue      
Revenues      
Total revenues 1,649,291 1,695,917 1,520,655
Other revenue      
Revenues      
Total revenues $ 38,494 $ 58,401 $ 58,693