CONSOLIDATED STATEMENTS OF BENEFICIARIES’ EQUITY - USD ($)
$ in Thousands |
Total |
Common Stock |
Rabbi Trust/Deferred Compensation Shares |
Additional Paid-in Capital |
Common Shares in Grantor Trust |
Cumulative Earnings |
Accumulated Other Comprehensive Income (Loss) |
Cumulative Distributions |
Noncontrolling Interests |
| Beginning balance (in shares) at Dec. 31, 2024 |
|
172,665,995
|
1,221,333
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 1,044,587
|
$ 1,724
|
$ 20,456
|
$ 3,182,621
|
$ (20,456)
|
$ 783,499
|
$ 2,521
|
$ (2,931,730)
|
$ 5,952
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Net loss |
(27,056)
|
|
|
|
|
(26,975)
|
|
|
(81)
|
| Other comprehensive income (loss) |
(2,552)
|
|
|
|
|
|
(2,544)
|
|
(8)
|
| Share-based compensation activity (in shares) |
|
439,776
|
258,549
|
|
|
|
|
|
|
| Share-based compensation activity |
11,298
|
$ 4
|
$ 1,199
|
11,294
|
(1,199)
|
|
|
|
|
| Share Issuance from/(to) Deferred Compensation Plan (in shares) |
|
(54,808)
|
(138,310)
|
|
|
|
|
|
|
| Share Issuance from/(to) Deferred Compensation Plan |
(406)
|
|
$ 220
|
(406)
|
(220)
|
|
|
|
|
| Reallocation of Noncontrolling interest |
0
|
|
|
(24)
|
|
|
|
|
24
|
| Distributions declared |
(26,475)
|
|
|
|
|
|
|
(26,398)
|
(77)
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
173,050,963
|
1,341,572
|
|
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
999,396
|
$ 1,728
|
$ 21,875
|
3,193,485
|
(21,875)
|
756,524
|
(23)
|
(2,958,128)
|
5,810
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
172,665,995
|
1,221,333
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
1,044,587
|
$ 1,724
|
$ 20,456
|
3,182,621
|
(20,456)
|
783,499
|
2,521
|
(2,931,730)
|
5,952
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Net loss |
(115,992)
|
|
|
|
|
|
|
|
|
| Other comprehensive income (loss) |
$ (3,651)
|
|
|
|
|
|
|
|
|
| Repurchase and retirement of Common Shares of Beneficial Interest (in shares) |
0
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
173,702,177
|
1,586,138
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 885,242
|
$ 1,733
|
$ 23,069
|
3,195,813
|
(23,069)
|
667,855
|
(1,118)
|
(2,984,508)
|
5,467
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
173,050,963
|
1,341,572
|
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
999,396
|
$ 1,728
|
$ 21,875
|
3,193,485
|
(21,875)
|
756,524
|
(23)
|
(2,958,128)
|
5,810
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Net loss |
(88,936)
|
|
|
|
|
(88,669)
|
|
|
(267)
|
| Other comprehensive income (loss) |
$ (1,099)
|
|
|
|
|
|
(1,095)
|
|
(4)
|
| Repurchase and retirement of Common Shares of Beneficial Interest (in shares) |
0
|
|
|
|
|
|
|
|
|
| Share-based compensation activity (in shares) |
|
726,852
|
320,204
|
|
|
|
|
|
|
| Share-based compensation activity |
$ 2,380
|
$ 5
|
$ 1,194
|
2,375
|
(1,194)
|
|
|
|
|
| Share Issuance from/(to) Deferred Compensation Plan (in shares) |
|
(75,638)
|
(75,638)
|
|
|
|
|
|
|
| Share Issuance from/(to) Deferred Compensation Plan |
(42)
|
|
|
(42)
|
|
|
|
|
|
| Reallocation of Noncontrolling interest |
0
|
|
|
(5)
|
|
|
|
|
5
|
| Distributions declared |
(26,457)
|
|
|
|
|
|
|
(26,380)
|
(77)
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
173,702,177
|
1,586,138
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 885,242
|
$ 1,733
|
$ 23,069
|
3,195,813
|
(23,069)
|
667,855
|
(1,118)
|
(2,984,508)
|
5,467
|
| Beginning balance (in shares) at Dec. 31, 2025 |
173,699,039
|
173,699,039
|
1,583,000
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 797,854
|
$ 1,733
|
$ 23,069
|
3,199,838
|
(23,069)
|
605,252
|
(1,437)
|
(3,012,654)
|
5,122
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Net loss |
(48,804)
|
|
|
|
|
(48,591)
|
|
|
(213)
|
| Other comprehensive income (loss) |
1,567
|
|
|
|
|
|
1,563
|
|
4
|
| Repurchase and retirement of Common Shares of Beneficial Interest (in shares) |
|
(700,000)
|
|
|
|
|
|
|
|
| Repurchase and retirement of Common Shares of Beneficial Interest |
(2,170)
|
$ (7)
|
|
(2,163)
|
|
|
|
|
|
| Share-based compensation activity (in shares) |
|
724,931
|
400,441
|
|
|
|
|
|
|
| Share-based compensation activity |
5,400
|
$ 4
|
$ 640
|
5,396
|
(640)
|
|
|
|
|
| Share Issuance from/(to) Deferred Compensation Plan (in shares) |
|
(12,125)
|
(36,091)
|
|
|
|
|
|
|
| Share Issuance from/(to) Deferred Compensation Plan |
(399)
|
$ 3
|
$ 573
|
(402)
|
(573)
|
|
|
|
|
| Reallocation of Noncontrolling interest |
0
|
|
|
(7)
|
|
|
|
|
7
|
| Distributions declared |
(14,256)
|
|
|
|
|
|
|
(14,215)
|
(41)
|
| Ending balance (in shares) at Mar. 31, 2026 |
|
173,711,845
|
1,947,350
|
|
|
|
|
|
|
| Ending balance at Mar. 31, 2026 |
$ 739,192
|
$ 1,733
|
$ 24,282
|
3,202,662
|
(24,282)
|
556,661
|
126
|
(3,026,869)
|
4,879
|
| Beginning balance (in shares) at Dec. 31, 2025 |
173,699,039
|
173,699,039
|
1,583,000
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 797,854
|
$ 1,733
|
$ 23,069
|
3,199,838
|
(23,069)
|
605,252
|
(1,437)
|
(3,012,654)
|
5,122
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Net loss |
(80,339)
|
|
|
|
|
|
|
|
|
| Other comprehensive income (loss) |
$ 2,016
|
|
|
|
|
|
|
|
|
| Repurchase and retirement of Common Shares of Beneficial Interest (in shares) |
(700,000)
|
|
|
|
|
|
|
|
|
| Repurchase and retirement of Common Shares of Beneficial Interest |
$ (2,200)
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2026 |
174,611,856
|
174,611,856
|
2,376,607
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
$ 695,900
|
$ 1,740
|
$ 25,467
|
3,204,718
|
(25,467)
|
525,251
|
573
|
(3,041,100)
|
4,718
|
| Beginning balance (in shares) at Mar. 31, 2026 |
|
173,711,845
|
1,947,350
|
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2026 |
739,192
|
$ 1,733
|
$ 24,282
|
3,202,662
|
(24,282)
|
556,661
|
126
|
(3,026,869)
|
4,879
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Net loss |
(31,535)
|
|
|
|
|
(31,410)
|
|
|
(125)
|
| Other comprehensive income (loss) |
$ 449
|
|
|
|
|
|
447
|
|
2
|
| Repurchase and retirement of Common Shares of Beneficial Interest (in shares) |
0
|
|
|
|
|
|
|
|
|
| Share-based compensation activity (in shares) |
|
900,011
|
429,257
|
|
|
|
|
|
|
| Share-based compensation activity |
$ 2,067
|
$ 7
|
$ 1,185
|
2,060
|
(1,185)
|
|
|
|
|
| Reallocation of Noncontrolling interest |
0
|
|
|
(4)
|
|
|
|
|
4
|
| Distributions declared |
(14,258)
|
|
|
|
|
|
|
(14,216)
|
(42)
|
| Distributions to Noncontrolling interest holders |
$ (15)
|
|
|
|
|
|
|
(15)
|
|
| Ending balance (in shares) at Jun. 30, 2026 |
174,611,856
|
174,611,856
|
2,376,607
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
$ 695,900
|
$ 1,740
|
$ 25,467
|
$ 3,204,718
|
$ (25,467)
|
$ 525,251
|
$ 573
|
$ (3,041,100)
|
$ 4,718
|