v3.26.1
Consolidated Statements of Changes in Equity (Unaudited) - 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, 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)      
Repurchases of class A common stock (31,647) (31,647) (18) (31,629)      
Restricted class A common stock earned 6,792 6,792 5 6,787      
Dividends reinvested 213 213   213      
Deferred directors’ compensation 173 173   173      
Net (loss) income (351) (357)       (357) 6
Other comprehensive income (loss) 323 323     323    
Dividends declared on common stock and deferred stock units (80,837) (80,837)       (80,837)  
Distributions to non-controlling interests (137)           (137)
Ending balance at Mar. 31, 2025 3,688,718 3,681,968 1,716 5,486,596 8,591 (1,814,935) 6,750
Beginning 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]              
Net (loss) income 6,633            
Other comprehensive income (loss) 1,530            
Dividends declared on common stock and deferred stock units (161,633)            
Ending balance at Jun. 30, 2025 3,623,537 3,616,772 1,716 5,494,020 9,798 (1,888,762) 6,765
Beginning balance at Mar. 31, 2025 3,688,718 3,681,968 1,716 5,486,596 8,591 (1,814,935) 6,750
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares of class A common stock issued, net (39) (39)   (39)      
Restricted class A common stock earned 7,131 7,131   7,131      
Dividends reinvested 160 160   160      
Deferred directors’ compensation 172 172   172      
Net (loss) income 6,984 6,969       6,969 15
Other comprehensive income (loss) 1,207 1,207     1,207    
Dividends declared on common stock and deferred stock units (80,796) (80,796)       (80,796)  
Ending balance at Jun. 30, 2025 3,623,537 3,616,772 1,716 5,494,020 9,798 (1,888,762) 6,765
Beginning balance at Dec. 31, 2025 3,504,390 3,498,910 1,683 5,430,542 12,113 (1,945,428) 5,480
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchases of class A common stock (802) (802) (1) (801)      
Restricted class A common stock earned 6,489 6,489 5 6,484      
Dividends reinvested 160 160   160      
Deferred directors’ compensation 198 198   198      
Net (loss) income (6,340) (6,297)       (6,297) (43)
Other comprehensive income (loss) (4,256) (4,256)     (4,256)    
Dividends declared on common stock and deferred stock units (79,442) (79,442)       (79,442)  
Distributions to non-controlling interests (2,345)           (2,345)
Ending balance at Mar. 31, 2026 3,418,052 3,414,960 1,687 5,436,583 7,857 (2,031,167) 3,092
Beginning balance at Dec. 31, 2025 3,504,390 3,498,910 1,683 5,430,542 12,113 (1,945,428) 5,480
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (87,607)            
Other comprehensive income (loss) (879)            
Dividends declared on common stock and deferred stock units (158,822)            
Ending balance at Jun. 30, 2026 3,264,587 3,261,540 1,685 5,440,390 11,234 (2,191,769) 3,047
Beginning balance at Mar. 31, 2026 3,418,052 3,414,960 1,687 5,436,583 7,857 (2,031,167) 3,092
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchases of class A common stock (3,034) (3,034) (2) (3,032)      
Restricted class A common stock earned 6,476 6,476   6,476      
Dividends reinvested 164 164   164      
Deferred directors’ compensation 199 199   199      
Net (loss) income (81,267) (81,222)       (81,222) (45)
Other comprehensive income (loss) 3,377 3,377     3,377    
Dividends declared on common stock and deferred stock units (79,380) (79,380)       (79,380)  
Ending balance at Jun. 30, 2026 $ 3,264,587 $ 3,261,540 $ 1,685 $ 5,440,390 $ 11,234 $ (2,191,769) $ 3,047