CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands |
Total |
Total Stockholders’ Equity |
Common Stock |
Capital in Excess of Par Value |
Accumulated Distributions in Excess of Earnings |
Accumulated Other Comprehensive (Loss) Income |
Non-Controlling Interests |
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
437,254,715
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
$ 2,266,077
|
$ 2,266,077
|
$ 4,372
|
$ 3,529,973
|
$ (1,187,125)
|
$ (81,143)
|
$ 0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Issuance of common stock (in shares) |
|
|
1,742,240
|
|
|
|
|
| Issuance of common stock |
10,865
|
10,865
|
$ 19
|
10,846
|
|
|
|
| Equity-based compensation |
815
|
815
|
|
815
|
|
|
|
| Distributions declared on common stock |
(49,278)
|
(49,278)
|
|
|
(49,278)
|
|
|
| Redemptions of common stock (in shares) |
|
|
(1,754,973)
|
|
|
|
|
| Redemptions of common stock |
(11,079)
|
(11,079)
|
$ (17)
|
(11,062)
|
|
|
|
| Changes in redeemable common stock |
249
|
249
|
|
249
|
|
|
|
| Comprehensive (loss) income |
(33,587)
|
(33,587)
|
|
|
(38,542)
|
4,955
|
|
| Ending balance (in shares) at Mar. 31, 2024 |
|
|
437,241,982
|
|
|
|
|
| Ending balance at Mar. 31, 2024 |
2,184,062
|
2,184,062
|
$ 4,374
|
3,530,821
|
(1,274,945)
|
(76,188)
|
0
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
437,254,715
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
2,266,077
|
2,266,077
|
$ 4,372
|
3,529,973
|
(1,187,125)
|
(81,143)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Comprehensive (loss) income |
(290,859)
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
437,117,869
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
1,878,271
|
1,878,221
|
$ 4,375
|
3,531,522
|
(1,570,017)
|
(87,659)
|
50
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
|
437,241,982
|
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
2,184,062
|
2,184,062
|
$ 4,374
|
3,530,821
|
(1,274,945)
|
(76,188)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Issuance of common stock (in shares) |
|
|
1,765,256
|
|
|
|
|
| Issuance of common stock |
10,751
|
10,751
|
$ 20
|
10,731
|
|
|
|
| Equity-based compensation |
701
|
701
|
|
701
|
|
|
|
| Distributions declared on common stock |
(49,271)
|
(49,271)
|
|
|
(49,271)
|
|
|
| Redemptions of common stock (in shares) |
|
|
(1,889,369)
|
|
|
|
|
| Redemptions of common stock |
(11,522)
|
(11,522)
|
$ (19)
|
(11,503)
|
|
|
|
| Changes in redeemable common stock |
772
|
772
|
|
772
|
|
|
|
| Contributions from non-controlling interests |
50
|
|
|
|
|
|
50
|
| Comprehensive (loss) income |
(257,272)
|
(257,272)
|
|
|
(245,801)
|
(11,471)
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
437,117,869
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 1,878,271
|
1,878,221
|
$ 4,375
|
3,531,522
|
(1,570,017)
|
(87,659)
|
50
|
| Beginning balance (in shares) at Dec. 31, 2024 |
437,313,001
|
|
437,313,001
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 1,775,202
|
1,774,858
|
$ 4,374
|
3,533,329
|
(1,676,562)
|
(86,283)
|
344
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Issuance of common stock (in shares) |
|
|
1,416,038
|
|
|
|
|
| Issuance of common stock |
8,621
|
8,621
|
$ 13
|
8,608
|
|
|
|
| Equity-based compensation (in shares) |
|
|
9,852
|
|
|
|
|
| Equity-based compensation |
740
|
740
|
$ 2
|
738
|
|
|
|
| Distributions declared on common stock |
(37,201)
|
(37,201)
|
|
|
(37,201)
|
|
|
| Redemptions of common stock (in shares) |
|
|
(1,844,645)
|
|
|
|
|
| Redemptions of common stock |
(11,236)
|
(11,236)
|
$ (18)
|
(11,218)
|
|
|
|
| Changes in redeemable common stock |
2,625
|
2,625
|
|
2,625
|
|
|
|
| Contributions from non-controlling interests |
200
|
|
|
|
|
|
200
|
| Comprehensive (loss) income |
38,807
|
38,798
|
|
|
(32,883)
|
71,681
|
9
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
|
436,894,246
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
$ 1,777,758
|
1,777,205
|
$ 4,371
|
3,534,082
|
(1,746,646)
|
(14,602)
|
553
|
| Beginning balance (in shares) at Dec. 31, 2024 |
437,313,001
|
|
437,313,001
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 1,775,202
|
1,774,858
|
$ 4,374
|
3,533,329
|
(1,676,562)
|
(86,283)
|
344
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Comprehensive (loss) income |
$ 60,964
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
436,775,501
|
|
436,775,501
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 1,764,686
|
1,763,360
|
$ 4,370
|
3,535,314
|
(1,758,664)
|
(17,660)
|
1,326
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
|
436,894,246
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
1,777,758
|
1,777,205
|
$ 4,371
|
3,534,082
|
(1,746,646)
|
(14,602)
|
553
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Issuance of common stock (in shares) |
|
|
1,464,961
|
|
|
|
|
| Issuance of common stock |
7,649
|
7,649
|
$ 15
|
7,634
|
|
|
|
| Equity-based compensation (in shares) |
|
|
182,189
|
|
|
|
|
| Equity-based compensation |
1,230
|
1,230
|
$ 2
|
1,228
|
|
|
|
| Distributions declared on common stock |
(37,210)
|
(37,210)
|
|
|
(37,210)
|
|
|
| Redemptions of common stock (in shares) |
|
|
(1,765,895)
|
|
|
|
|
| Redemptions of common stock |
(9,250)
|
(9,250)
|
$ (18)
|
(9,232)
|
|
|
|
| Changes in redeemable common stock |
1,602
|
1,602
|
|
1,602
|
|
|
|
| Contributions from non-controlling interests |
750
|
|
|
|
|
|
750
|
| Comprehensive (loss) income |
$ 22,157
|
22,134
|
|
|
25,192
|
(3,058)
|
23
|
| Ending balance (in shares) at Jun. 30, 2025 |
436,775,501
|
|
436,775,501
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 1,764,686
|
$ 1,763,360
|
$ 4,370
|
$ 3,535,314
|
$ (1,758,664)
|
$ (17,660)
|
$ 1,326
|