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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Rental income $ 109,127 $ 120,620 $ 337,241 $ 383,741
Expenses:        
Real estate taxes 13,648 16,927 39,217 47,363
Utility expenses 7,718 7,869 20,968 21,782
Other operating expenses 30,739 26,619 93,181 81,097
Depreciation and amortization 42,834 46,047 130,405 146,779
Loss on impairment of real estate 0 41,847 2,426 173,579
Transaction related costs 22,904 738 27,720 971
General and administrative 4,964 4,927 14,838 15,861
Total expenses 122,807 144,974 328,755 487,432
Gain (loss) on sale of real estate 6 8,456 (4,572) 6,008
Interest and other income 802 196 2,752 1,779
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $11,986, $2,183, $35,269 and $9,261 respectively) (53,259) (42,580) (159,144) (116,405)
Net (loss) gain on early extinguishment of debt (354) 264 (449) 225,637
(Loss) income before income tax benefit (expense) and equity in net losses of investees (66,485) (58,018) (152,927) 13,328
Income tax benefit (expense) 261 (230) 30 (179)
Equity in net losses of investees (115) (166) (495) (576)
Net (loss) income $ (66,339) $ (58,414) $ (153,392) $ 12,573
Weighted average common shares outstanding (basic) (in shares) 73,480 51,197 71,355 49,444
Weighted average common shares outstanding (diluted) (in shares) 73,480 51,197 71,355 49,444
Per common share amounts (basic and diluted):        
Net (loss) income (basic) (in dollars per share) $ (0.90) $ (1.14) $ (2.15) $ 0.25
Net (loss) income (diluted) (in dollars per share) $ (0.90) $ (1.14) $ (2.15) $ 0.25