v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 392,280,000 $ 400,265,000
Expenses    
Property operating 160,119,000 171,105,000
General and administrative 10,239,000 9,654,000
Management fees 20,427,000 22,766,000
Performance participation allocation 0 0
Depreciation and amortization 177,646,000 172,850,000
Total expenses 368,431,000 376,375,000
Other expense    
Loss from unconsolidated real estate ventures (2,927,000) (1,829,000)
Income from investments in real estate debt, net 20,143,000 19,636,000
Net (loss) gain on dispositions of real estate (65,000) 9,690,000
Interest expense (172,317,000) (152,227,000)
Loss on extinguishment of debt (2,356,000) 0
Other income (expense), net 13,805,000 (86,734,000)
Total other expense (143,717,000) (211,464,000)
Net loss (119,868,000) (187,574,000)
Net loss attributable to non-controlling interests in consolidated joint ventures 911,000 1,079,000
Net loss attributable to non-controlling interests in Operating Partnership 6,103,000 9,315,000
Net loss attributable to stockholders $ (112,854,000) $ (177,180,000)
Net loss per share of common stock, basic $ (0.29) $ (0.44)
Net loss per share of common stock, diluted $ (0.29) $ (0.44)
Weighted-average shares of common stock outstanding, basic 389,628,622 400,996,211
Weighted-average shares of common stock outstanding, diluted 389,628,622 400,996,211
Comprehensive loss:    
Net loss $ (119,868,000) $ (187,574,000)
Other comprehensive income (loss) item:    
Foreign currency translation adjustments (8,702,000) 22,208,000
Other comprehensive (loss) income (8,702,000) 22,208,000
Comprehensive loss (128,570,000) (165,366,000)
Rental revenue    
Revenues    
Total revenues 385,714,000 394,050,000
Other revenue    
Revenues    
Total revenues $ 6,566,000 $ 6,215,000