CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (unaudited) - USD ($)
shares in Thousands, $ in Thousands |
Total |
Series C Preferred Stock |
Series E Preferred Units |
PREFERRED SHARES |
COMMON SHARES |
COMMON SHARES
Series E Preferred Units
|
ACCUMULATED DISTRIBUTIONS IN EXCESS OF NET INCOME (LOSS) |
ACCUMULATED DISTRIBUTIONS IN EXCESS OF NET INCOME (LOSS)
Series C Preferred Stock
|
ACCUMULATED OTHER COMPREHENSIVE LOSS |
NONCONTROLLING INTERESTS |
NONCONTROLLING INTERESTS
Series E Preferred Units
|
| Beginning balance (prior year as adjusted) at Dec. 31, 2022 |
|
|
|
|
$ 1,252,142
|
|
|
|
|
$ 146,101
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Redemption of Units for common shares |
|
|
|
|
5,224
|
$ 1,557
|
|
|
|
(5,224)
|
$ (1,557)
|
| Equity rebalancing |
|
|
|
|
(933)
|
|
|
|
|
933
|
|
| Other |
|
|
|
|
(306)
|
|
|
|
|
(622)
|
|
| Ending balance (prior year as adjusted) at Dec. 31, 2023 |
$ 931,025
|
|
|
$ 93,530
|
$ 1,249,440
|
|
$ (548,273)
|
|
$ (1,119)
|
137,447
|
|
| Ending balance (prior year as adjusted) (in shares) at Dec. 31, 2023 |
|
|
|
|
14,963
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Redemption of Units for common shares |
|
|
|
|
$ 797
|
$ 728
|
|
|
|
(797)
|
(728)
|
| Equity rebalancing |
|
|
|
|
(122)
|
|
|
|
|
122
|
|
| Ending balance (prior year as adjusted) at Mar. 31, 2024 |
907,085
|
|
|
93,530
|
$ 1,246,741
|
|
(564,951)
|
|
(922)
|
132,687
|
|
| Ending balance (prior year as adjusted) (in shares) at Mar. 31, 2024 |
|
|
|
|
14,912
|
|
|
|
|
|
|
| Beginning balance (prior year as adjusted) at Dec. 31, 2023 |
931,025
|
|
|
93,530
|
$ 1,249,440
|
|
(548,273)
|
|
(1,119)
|
137,447
|
|
| Beginning balance (prior year as adjusted) (in shares) at Dec. 31, 2023 |
|
|
|
|
14,963
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net loss attributable to controlling interests and noncontrolling interests |
(6,775)
|
|
|
|
|
|
(5,201)
|
|
|
(1,574)
|
|
| Amortization of swap settlements |
370
|
|
|
|
|
|
|
|
370
|
|
|
| Distributions - common shares and Units |
(23,712)
|
|
|
|
|
|
(22,451)
|
|
|
(1,261)
|
|
| Distributions - Series C preferred shares |
(3,214)
|
$ (3,214)
|
|
|
|
|
|
$ (3,214)
|
|
|
|
| Distributions - Series E preferred units |
|
|
$ (3,329)
|
|
|
|
|
|
|
|
(3,329)
|
| Share-based compensation, net of forfeitures (in shares) |
|
|
|
|
13
|
|
|
|
|
|
|
| Share-based compensation, net of forfeitures |
1,481
|
|
|
|
$ 1,481
|
|
|
|
|
|
|
| Sale of common shares, net (in shares) |
|
|
|
|
110
|
|
|
|
|
|
|
| Sale of common shares, net |
7,320
|
|
|
|
$ 7,320
|
|
|
|
|
|
|
| Redemption of Units for common shares (as adjusted) (in shares) |
|
|
|
|
33
|
25
|
|
|
|
|
|
| Redemption of Units for common shares |
0
|
|
0
|
|
$ 1,534
|
$ 1,150
|
|
|
|
(1,534)
|
(1,150)
|
| Equity rebalancing |
0
|
|
|
|
$ (673)
|
|
|
|
|
673
|
|
| Shares repurchased (in shares) |
|
|
|
|
(88)
|
|
|
|
|
|
|
| Shares repurchased |
(4,703)
|
|
|
|
$ (4,703)
|
|
|
|
|
|
|
| Shares withheld for taxes |
(121)
|
|
|
|
$ (121)
|
|
|
|
|
|
|
| Other (in shares) |
|
|
|
|
(1)
|
|
|
|
|
|
|
| Other |
(45)
|
|
|
|
$ (29)
|
|
|
|
|
(16)
|
|
| Ending balance (prior year as adjusted) at Jun. 30, 2024 |
898,297
|
|
|
93,530
|
$ 1,255,399
|
|
(579,139)
|
|
(749)
|
129,256
|
|
| Ending balance (prior year as adjusted) (in shares) at Jun. 30, 2024 |
|
|
|
|
15,057
|
|
|
|
|
|
|
| Beginning balance (prior year as adjusted) at Dec. 31, 2023 |
931,025
|
|
|
93,530
|
$ 1,249,440
|
|
(548,273)
|
|
(1,119)
|
137,447
|
|
| Beginning balance (prior year as adjusted) (in shares) at Dec. 31, 2023 |
|
|
|
|
14,963
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Redemption of Units for common shares |
|
|
|
|
$ 2,346
|
1,810
|
|
|
|
(2,346)
|
(1,810)
|
| Equity rebalancing |
|
|
|
|
(7,124)
|
|
|
|
|
7,124
|
|
| Ending balance (prior year as adjusted) at Sep. 30, 2024 |
|
|
|
|
1,356,013
|
|
|
|
|
130,864
|
|
| Beginning balance (prior year as adjusted) at Dec. 31, 2023 |
931,025
|
|
|
93,530
|
$ 1,249,440
|
|
(548,273)
|
|
(1,119)
|
137,447
|
|
| Beginning balance (prior year as adjusted) (in shares) at Dec. 31, 2023 |
|
|
|
|
14,963
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Sale of common shares, net |
|
|
|
|
$ 4,385
|
|
|
|
|
9,490
|
|
| Redemption of Units for common shares |
|
|
|
|
3,218
|
$ 7,784
|
|
|
|
(3,218)
|
(7,784)
|
| Equity rebalancing |
|
|
|
|
(7,350)
|
|
|
|
|
7,350
|
|
| Ending balance (prior year as adjusted) at Dec. 31, 2024 |
882,443
|
|
|
0
|
$ 1,367,637
|
|
(615,242)
|
|
(407)
|
130,455
|
|
| Ending balance (prior year as adjusted) (in shares) at Dec. 31, 2024 |
|
|
|
|
16,719
|
|
|
|
|
|
|
| Beginning balance (prior year as adjusted) at Mar. 31, 2024 |
907,085
|
|
|
93,530
|
$ 1,246,741
|
|
(564,951)
|
|
(922)
|
132,687
|
|
| Beginning balance (prior year as adjusted) (in shares) at Mar. 31, 2024 |
|
|
|
|
14,912
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net loss attributable to controlling interests and noncontrolling interests |
(1,823)
|
|
|
|
|
|
(1,296)
|
|
|
(527)
|
|
| Amortization of swap settlements |
173
|
|
|
|
|
|
|
|
173
|
|
|
| Distributions - common shares and Units |
(11,907)
|
|
|
|
|
|
(11,285)
|
|
|
(622)
|
|
| Distributions - Series C preferred shares |
(1,607)
|
$ (1,607)
|
|
|
|
|
|
$ (1,607)
|
|
|
|
| Distributions - Series E preferred units |
|
|
(1,658)
|
|
|
|
|
|
|
|
(1,658)
|
| Share-based compensation, net of forfeitures (in shares) |
|
|
|
|
10
|
|
|
|
|
|
|
| Share-based compensation, net of forfeitures |
733
|
|
|
|
$ 733
|
|
|
|
|
|
|
| Sale of common shares, net (in shares) |
|
|
|
|
110
|
|
|
|
|
|
|
| Sale of common shares, net |
7,320
|
|
|
|
$ 7,320
|
|
|
|
|
|
|
| Redemption of Units for common shares (as adjusted) (in shares) |
|
|
|
|
16
|
9
|
|
|
|
|
|
| Redemption of Units for common shares |
0
|
|
0
|
|
$ 737
|
$ 422
|
|
|
|
(737)
|
(422)
|
| Equity rebalancing |
0
|
|
|
|
(551)
|
|
|
|
|
551
|
|
| Other |
(19)
|
|
|
|
(3)
|
|
|
|
|
(16)
|
|
| Ending balance (prior year as adjusted) at Jun. 30, 2024 |
898,297
|
|
|
93,530
|
$ 1,255,399
|
|
(579,139)
|
|
(749)
|
129,256
|
|
| Ending balance (prior year as adjusted) (in shares) at Jun. 30, 2024 |
|
|
|
|
15,057
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Redemption of Units for common shares |
|
|
|
|
$ 812
|
660
|
|
|
|
(812)
|
(660)
|
| Equity rebalancing |
|
|
|
|
(6,451)
|
|
|
|
|
6,451
|
|
| Ending balance (prior year as adjusted) at Sep. 30, 2024 |
|
|
|
|
1,356,013
|
|
|
|
|
130,864
|
|
| Beginning balance (prior year as adjusted) at Dec. 31, 2024 |
882,443
|
|
|
0
|
$ 1,367,637
|
|
(615,242)
|
|
(407)
|
130,455
|
|
| Beginning balance (prior year as adjusted) (in shares) at Dec. 31, 2024 |
|
|
|
|
16,719
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Redemption of Units for common shares |
|
|
|
|
$ 335
|
$ 14
|
|
|
|
(335)
|
(14)
|
| Equity rebalancing |
|
|
|
|
(94)
|
|
|
|
|
94
|
|
| Ending balance (prior year as adjusted) at Mar. 31, 2025 |
863,440
|
|
|
0
|
$ 1,368,276
|
|
(631,855)
|
|
(232)
|
127,251
|
|
| Ending balance (prior year as adjusted) (in shares) at Mar. 31, 2025 |
|
|
|
|
16,735
|
|
|
|
|
|
|
| Beginning balance (prior year as adjusted) at Dec. 31, 2024 |
882,443
|
|
|
0
|
$ 1,367,637
|
|
(615,242)
|
|
(407)
|
130,455
|
|
| Beginning balance (prior year as adjusted) (in shares) at Dec. 31, 2024 |
|
|
|
|
16,719
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net loss attributable to controlling interests and noncontrolling interests |
(21,286)
|
|
|
|
|
|
(18,249)
|
|
|
(3,037)
|
|
| Amortization of swap settlements |
349
|
|
|
|
|
|
|
|
349
|
|
|
| Distributions - common shares and Units |
(27,275)
|
|
|
|
|
|
(25,775)
|
|
|
(1,500)
|
|
| Distributions - Series C preferred shares |
0
|
|
|
|
|
|
|
|
|
|
|
| Distributions - Series E preferred units |
|
|
(3,065)
|
|
|
|
|
|
|
|
(3,065)
|
| Share-based compensation, net of forfeitures (in shares) |
|
|
|
|
18
|
|
|
|
|
|
|
| Share-based compensation, net of forfeitures |
1,691
|
|
|
|
$ 1,691
|
|
|
|
|
|
|
| Redemption of Units for common shares (as adjusted) (in shares) |
|
|
|
|
12
|
8
|
|
|
|
|
|
| Redemption of Units for common shares |
0
|
|
0
|
|
$ 535
|
$ 338
|
|
|
|
(535)
|
(338)
|
| Equity rebalancing |
0
|
|
|
|
(223)
|
|
|
|
|
223
|
|
| Contribution to noncontrolling interests - consolidated real estate entities |
1,428
|
|
|
|
|
|
|
|
|
1,428
|
|
| Shares withheld for taxes |
(296)
|
|
|
|
(296)
|
|
|
|
|
|
|
| Other |
(407)
|
|
|
|
(306)
|
|
|
|
|
(101)
|
|
| Ending balance (prior year as adjusted) at Jun. 30, 2025 |
833,582
|
|
|
0
|
$ 1,369,376
|
|
(659,266)
|
|
(58)
|
123,530
|
|
| Ending balance (prior year as adjusted) (in shares) at Jun. 30, 2025 |
|
|
|
|
16,757
|
|
|
|
|
|
|
| Beginning balance (prior year as adjusted) at Mar. 31, 2025 |
863,440
|
|
|
0
|
$ 1,368,276
|
|
(631,855)
|
|
(232)
|
127,251
|
|
| Beginning balance (prior year as adjusted) (in shares) at Mar. 31, 2025 |
|
|
|
|
16,735
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net loss attributable to controlling interests and noncontrolling interests |
(16,945)
|
|
|
|
|
|
(14,515)
|
|
|
(2,430)
|
|
| Amortization of swap settlements |
174
|
|
|
|
|
|
|
|
174
|
|
|
| Distributions - common shares and Units |
(13,642)
|
|
|
|
|
|
(12,896)
|
|
|
(746)
|
|
| Distributions - Series C preferred shares |
0
|
|
|
|
|
|
|
|
|
|
|
| Distributions - Series E preferred units |
|
|
(1,533)
|
|
|
|
|
|
|
|
(1,533)
|
| Share-based compensation, net of forfeitures (in shares) |
|
|
|
|
10
|
|
|
|
|
|
|
| Share-based compensation, net of forfeitures |
833
|
|
|
|
$ 833
|
|
|
|
|
|
|
| Redemption of Units for common shares (as adjusted) (in shares) |
|
|
|
|
5
|
8
|
|
|
|
|
|
| Redemption of Units for common shares |
0
|
|
$ 0
|
|
$ 201
|
$ 323
|
|
|
|
(201)
|
$ (323)
|
| Equity rebalancing |
0
|
|
|
|
(129)
|
|
|
|
|
129
|
|
| Contribution to noncontrolling interests - consolidated real estate entities |
1,428
|
|
|
|
|
|
|
|
|
1,428
|
|
| Shares withheld for taxes |
(4)
|
|
|
|
$ (4)
|
|
|
|
|
|
|
| Other (in shares) |
|
|
|
|
(1)
|
|
|
|
|
|
|
| Other |
(169)
|
|
|
|
$ (124)
|
|
|
|
|
(45)
|
|
| Ending balance (prior year as adjusted) at Jun. 30, 2025 |
$ 833,582
|
|
|
$ 0
|
$ 1,369,376
|
|
$ (659,266)
|
|
$ (58)
|
$ 123,530
|
|
| Ending balance (prior year as adjusted) (in shares) at Jun. 30, 2025 |
|
|
|
|
16,757
|
|
|
|
|
|
|