v3.26.1
Earnings Per Share - Schedule of Basic and Diluted EPS (Details) - USD ($)
$ / shares in Units, $ in Thousands, shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net Income (Loss) Attributable to Parent [Abstract]        
Net Income / (Loss) from continuing operations $ 42,300 $ (30,000) $ 60,700 $ (51,700)
Less: allocation to restricted stock awards (5,300) 7,200 (5,500) 7,000
Net income attributable to common shareholders after restricted stock allocation (987,400) 1,266,400 (995,900) 1,223,800
Diluted earnings - net income / (loss) attributable to common shareholders after allocation to common and preferred OP units(1) $ (1,026,000) $ 1,266,400 $ (1,032,400) $ 1,223,800
Denominator        
Weighted average common shares outstanding (in shares) 122.5 126.4 122.6 126.5
Add: dilutive restricted stock (in shares) 0.1 0.0 0.2 0.0
Add: common and preferred OP units dilutive effect (in shares) 4.4 0.0 4.6 0.0
Diluted weighted average common shares and securities (in shares) 127.0 126.4 127.4 126.5
Basic earning per share (in dollars per share) $ (8.06) $ 10.02 $ (8.13) $ 9.68
Diluted earning per share (in dollars per share) (8.08) 10.02 (8.10) 9.68
Income (Loss) from Continuing Operations, Per Basic Share 0.65 (0.74) 0.78 (0.92)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (8.71) 10.76 (8.91) 10.60
Income (Loss) from Continuing Operations, Per Diluted Share 0.32 (0.74) 0.47 (0.92)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share $ (8.40) $ 10.76 $ (8.57) $ 10.60
Less: Preferred stock distribution $ (2,500) $ (3,200) $ (5,200) $ (6,300)
Less: Income / (loss) attributable to noncontrolling interests 34,700 (53,500) 35,000 (51,600)
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic 74,500 (86,700) 90,500 (109,600)
Income / (loss) from discontinued operations, net (see Note 2) (1,067,200) 1,360,300 (1,091,900) 1,340,400
Continuing Operations        
Net Income (Loss) Attributable to Parent [Abstract]        
Net income attributable to common shareholders after restricted stock allocation 79,800 (93,900) 96,000 (116,600)
Diluted earnings - net income / (loss) attributable to common shareholders after allocation to common and preferred OP units(1) 41,200 (93,900) 59,500 (116,600)
Common OP units        
Net Income (Loss) Attributable to Parent [Abstract]        
Add: allocation to restricted stock awards (33,300) 0 (31,000) 0
Restricted Stock        
Net Income (Loss) Attributable to Parent [Abstract]        
Add: allocation to restricted stock awards $ (5,300) $ 0 $ (5,500) $ 0