v3.25.4
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Stockholders' Equity
Class A Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Non-Controlling Interests
Beginning balance at Dec. 31, 2022 $ 4,544,200 $ 4,518,794 $ 1,717 $ 5,475,804 $ 10,022 $ (968,749) $ 25,406
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Restricted class A common stock earned 29,975 29,975 15 29,960      
Dividends reinvested 1,015 1,015   1,015      
Deferred directors’ compensation 680 680   680      
Net (loss) income 249,897 246,555       246,555 3,342
Other comprehensive income (loss) (568) (568)     (568)    
Dividends declared on common stock and deferred stock units (428,740) (428,740)       (428,740)  
Distributions to non-controlling interests (8,955)           (8,955)
Ending balance at Dec. 31, 2023 4,387,504 4,367,711 1,732 5,507,459 9,454 (1,150,934) 19,793
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Restricted class A common stock earned 30,969 30,969 12 30,957      
Repurchases of class A common stock (29,233) (29,233) (16) (29,217)      
Dividends reinvested 995 995   995      
Deferred directors’ compensation 859 859   859      
Net (loss) income (201,833) (204,088)       (204,088) 2,255
Other comprehensive income (loss) (1,186) (1,186)     (1,186)    
Dividends declared on common stock and deferred stock units (378,719) (378,719)       (378,719)  
Contributions from non-controlling interests 1,245           1,245
Distributions to non-controlling interests (16,412)           (16,412)
Ending balance at Dec. 31, 2024 3,794,189 3,787,308 1,728 5,511,053 8,268 (1,733,741) 6,881
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares of class A common stock issued, net 0   1 (1)      
Restricted class A common stock earned 27,554 27,554 14 27,540      
Repurchases of class A common stock (109,507) (109,507) (60) (109,447)      
Dividends reinvested 689 689   689      
Deferred directors’ compensation 708 708   708      
Net (loss) income 109,669 109,569       109,569 100
Other comprehensive income (loss) 3,845 3,845     3,845    
Dividends declared on common stock and deferred stock units (321,256) (321,256)       (321,256)  
Distributions to non-controlling interests (1,501)           (1,501)
Ending balance at Dec. 31, 2025 $ 3,504,390 $ 3,498,910 $ 1,683 $ 5,430,542 $ 12,113 $ (1,945,428) $ 5,480