Consolidated Statement of Changes in Stockholders' Equity and Noncontrolling Interests - USD ($)
$ in Thousands |
Total |
Common Stock |
Additional Paid-In Capital |
Retained Earnings |
Accumulated Other Comprehensive Loss |
Noncontrolling Interests |
Redeemable Noncontrolling Interests |
| Beginning balance (shares) at Dec. 31, 2023 |
|
171,910,599
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
$ 22,606,513
|
$ 1,719
|
$ 18,485,352
|
$ 0
|
$ (15,896)
|
$ 4,135,338
|
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Net (loss) income |
312,682
|
|
|
217,247
|
|
95,435
|
|
| Total other comprehensive income (loss) |
(11,814)
|
|
|
|
(11,814)
|
|
|
| Contributions from and sales of noncontrolling interests |
266,585
|
|
7,700
|
|
|
258,885
|
|
| Distributions to and redemption of noncontrolling interests |
(135,871)
|
|
(8,084)
|
|
|
(127,787)
|
|
| Transfer of noncontrolling interests |
(250)
|
|
|
|
|
(250)
|
|
| Reallocation of capital to joint venture partner |
0
|
|
(30,185)
|
|
|
30,185
|
|
| Issuances pursuant to stock plan (in shares) |
|
179,178
|
|
|
|
|
|
| Issuance pursuant to stock plan |
70,069
|
$ 2
|
70,067
|
|
|
|
|
| Taxes paid related to net settlement of equity awards (in shares) |
|
(72,103)
|
|
|
|
|
|
| Taxes related to net settlement of equity awards |
(7,945)
|
$ (1)
|
(7,944)
|
|
|
|
|
| Dividends declared on common stock |
(449,542)
|
|
|
(449,542)
|
|
|
|
| Reclassification of distributions and net loss |
0
|
|
(232,295)
|
232,295
|
|
|
|
| Ending balance (shares) at Jun. 30, 2024 |
|
172,017,674
|
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
22,650,427
|
$ 1,720
|
18,284,611
|
0
|
(27,710)
|
4,391,806
|
|
| Beginning balance at Dec. 31, 2023 |
|
|
|
|
|
|
$ 16,480
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net Income |
|
|
|
|
|
|
543
|
| Distributions to and redemption of noncontrolling interests |
|
|
|
|
|
|
(833)
|
| Transfer of noncontrolling interests |
|
|
|
|
|
|
250
|
| Ending balance at Jun. 30, 2024 |
|
|
|
|
|
|
16,440
|
| Beginning balance (shares) at Mar. 31, 2024 |
|
172,007,967
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
22,739,298
|
$ 1,720
|
18,434,690
|
0
|
(23,815)
|
4,326,703
|
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Net (loss) income |
93,778
|
|
|
46,702
|
|
47,076
|
|
| Total other comprehensive income (loss) |
(3,895)
|
|
|
|
(3,895)
|
|
|
| Contributions from and sales of noncontrolling interests |
78,406
|
|
499
|
|
|
77,907
|
|
| Distributions to and redemption of noncontrolling interests |
(59,894)
|
|
(14)
|
|
|
(59,880)
|
|
| Issuances pursuant to stock plan (in shares) |
|
14,394
|
|
|
|
|
|
| Issuance pursuant to stock plan |
30,691
|
$ 0
|
30,691
|
|
|
|
|
| Taxes paid related to net settlement of equity awards (in shares) |
|
(4,687)
|
|
|
|
|
|
| Taxes related to net settlement of equity awards |
(549)
|
$ 0
|
(549)
|
|
|
|
|
| Dividends declared on common stock |
(227,408)
|
|
|
(227,408)
|
|
|
|
| Reclassification of distributions and net loss |
0
|
|
(180,706)
|
180,706
|
|
|
|
| Ending balance (shares) at Jun. 30, 2024 |
|
172,017,674
|
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
22,650,427
|
$ 1,720
|
18,284,611
|
0
|
(27,710)
|
4,391,806
|
|
| Beginning balance at Mar. 31, 2024 |
|
|
|
|
|
|
16,620
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net Income |
|
|
|
|
|
|
271
|
| Distributions to and redemption of noncontrolling interests |
|
|
|
|
|
|
(451)
|
| Ending balance at Jun. 30, 2024 |
|
|
|
|
|
|
16,440
|
| Beginning balance (shares) at Dec. 31, 2024 |
|
172,203,443
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
22,378,489
|
$ 1,722
|
17,933,572
|
0
|
(46,252)
|
4,489,447
|
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Dividends declared on common stock |
(228,300)
|
|
|
|
|
|
|
| Ending balance (shares) at Mar. 31, 2025 |
|
170,129,883
|
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
21,989,946
|
$ 1,701
|
17,509,148
|
0
|
(46,202)
|
4,525,299
|
|
| Beginning balance at Dec. 31, 2024 |
19,972
|
|
|
|
|
|
19,972
|
| Ending balance at Mar. 31, 2025 |
|
|
|
|
|
|
9,612
|
| Beginning balance (shares) at Dec. 31, 2024 |
|
172,203,443
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
22,378,489
|
$ 1,722
|
17,933,572
|
0
|
(46,252)
|
4,489,447
|
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Net (loss) income |
(23,998)
|
|
|
(115,941)
|
|
91,943
|
|
| Total other comprehensive income (loss) |
18,837
|
|
|
|
18,837
|
|
|
| Contributions from and sales of noncontrolling interests |
96,055
|
|
73
|
|
|
95,982
|
|
| Distributions to and redemption of noncontrolling interests |
(130,264)
|
|
(7,048)
|
|
|
(123,216)
|
|
| Issuances pursuant to stock plan (in shares) |
|
151,066
|
|
|
|
|
|
| Issuance pursuant to stock plan |
60,532
|
$ 1
|
60,531
|
|
|
|
|
| Taxes paid related to net settlement of equity awards (in shares) |
|
(56,147)
|
|
|
|
|
|
| Taxes related to net settlement of equity awards |
(5,428)
|
$ 0
|
(5,428)
|
|
|
|
|
| Repurchase of Common Stock (in shares) |
|
(2,152,293)
|
|
|
|
|
|
| Repurchase of common stock |
(208,187)
|
$ (22)
|
(208,165)
|
|
|
|
|
| Dividends declared on common stock |
(456,645)
|
|
|
(456,645)
|
|
|
|
| Reclassification of distributions and net loss |
0
|
|
(572,586)
|
572,586
|
|
|
|
| Ending balance (shares) at Jun. 30, 2025 |
|
170,146,069
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
21,729,391
|
$ 1,701
|
17,200,949
|
0
|
(27,415)
|
4,554,156
|
|
| Beginning balance at Dec. 31, 2024 |
19,972
|
|
|
|
|
|
19,972
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net Income |
|
|
|
|
|
|
471
|
| Distributions to and redemption of noncontrolling interests |
|
|
|
|
|
|
(10,831)
|
| Ending balance at Jun. 30, 2025 |
9,612
|
|
|
|
|
|
9,612
|
| Beginning balance (shares) at Mar. 31, 2025 |
|
170,129,883
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
21,989,946
|
$ 1,701
|
17,509,148
|
0
|
(46,202)
|
4,525,299
|
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
| Net (loss) income |
(62,390)
|
|
|
(107,002)
|
|
44,612
|
|
| Total other comprehensive income (loss) |
18,787
|
|
|
|
18,787
|
|
|
| Contributions from and sales of noncontrolling interests |
41,647
|
|
19
|
|
|
41,628
|
|
| Distributions to and redemption of noncontrolling interests |
(57,383)
|
|
0
|
|
|
(57,383)
|
|
| Issuances pursuant to stock plan (in shares) |
|
25,786
|
|
|
|
|
|
| Issuance pursuant to stock plan |
27,776
|
$ 0
|
27,776
|
|
|
|
|
| Taxes paid related to net settlement of equity awards (in shares) |
|
(9,600)
|
|
|
|
|
|
| Taxes related to net settlement of equity awards |
(693)
|
$ 0
|
(693)
|
|
|
|
|
| Repurchase of Common Stock (in shares) |
|
0
|
|
|
|
|
|
| Repurchase of common stock |
0
|
$ 0
|
0
|
|
|
|
|
| Dividends declared on common stock |
(228,299)
|
|
|
(228,299)
|
|
|
|
| Reclassification of distributions and net loss |
0
|
|
(335,301)
|
335,301
|
|
|
|
| Ending balance (shares) at Jun. 30, 2025 |
|
170,146,069
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
21,729,391
|
$ 1,701
|
$ 17,200,949
|
$ 0
|
$ (27,415)
|
$ 4,554,156
|
|
| Beginning balance at Mar. 31, 2025 |
|
|
|
|
|
|
9,612
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net Income |
|
|
|
|
|
|
201
|
| Distributions to and redemption of noncontrolling interests |
|
|
|
|
|
|
(201)
|
| Ending balance at Jun. 30, 2025 |
$ 9,612
|
|
|
|
|
|
$ 9,612
|