v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total Shareholders' Equity
Common Shares
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Noncontrolling Interest in Subsidiaries
Noncontrolling Interests in the Operating Partnership
Total
Balance at Dec. 31, 2024 $ 2,871,856 $ 2,278 $ 4,285,570 $ (330) $ (1,415,662) $ 30,819   $ 2,902,675
Balance (in shares) at Dec. 31, 2024   227,765            
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2024             $ 51,193  
Increase (Decrease) in Stockholders' Equity                
Distributions paid to noncontrolling interest in subsidiaries           (112)   (112)
Issuance of common shares, net (168)   (168)         (168)
Issuance of restricted shares 1 $ 1           1
Issuance of restricted shares (in shares)   103            
Conversion from units to shares 2,209   2,209       (2,209) 2,209
Conversion from units to shares (in shares)   52            
Equity compensation expense 3,208   3,208         3,208
Taxes withheld upon net settlement of equity compensation (3,047)   (3,047)         (3,047)
Adjustment for noncontrolling interests in the Operating Partnership 59       59   (59) 59
Net income (loss) 89,197       89,197 (905)   88,292
Net income (loss)             453  
Other comprehensive income, net 20     20       20
Common share distributions (119,114)       (119,114)   (594) (119,114)
Balance at Mar. 31, 2025 2,844,221 $ 2,279 4,287,772 (310) (1,445,520) 29,802   2,874,023
Balance (in shares) at Mar. 31, 2025   227,920            
Balance of Noncontrolling Interests in the Operating Partnership at Mar. 31, 2025             48,784  
Increase (Decrease) in Stockholders' Equity                
Distributions paid to noncontrolling interest in subsidiaries           (165)   (165)
Issuance of common shares, net (122)   (122)         (122)
Issuance of restricted shares (in shares)   29            
Conversion from units to shares 1,543   1,543       (1,543) 1,543
Conversion from units to shares (in shares)   39            
Exercise of stock options 1,669 $ 1 1,668         1,669
Exercise of stock options (in shares)   46            
Equity compensation expense 2,504   2,504         2,504
Taxes withheld upon net settlement of equity compensation (183)   (183)         (183)
Adjustment for noncontrolling interests in the Operating Partnership 180       180   (180) 180
Net income (loss) 82,960       82,960 (929)   82,031
Net income (loss)             401  
Other comprehensive income, net 20     20       20
Common share distributions (119,114)       (119,114)   (574) (119,114)
Balance at Jun. 30, 2025 2,813,678 $ 2,280 4,293,182 (290) (1,481,494) 28,708   2,842,386
Balance (in shares) at Jun. 30, 2025   228,034            
Balance of Noncontrolling Interests in the Operating Partnership at Jun. 30, 2025             46,888  
Balance at Dec. 31, 2025 2,719,443 $ 2,273 4,302,554 (249) (1,585,135) 26,466   2,745,909
Balance (in shares) at Dec. 31, 2025   227,269            
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2025             36,167 36,167
Increase (Decrease) in Stockholders' Equity                
Contributions from noncontrolling interest in subsidiaries           11   11
Distributions paid to noncontrolling interest in subsidiaries           (6,659)   (6,659)
Issuance of common shares, net (21)   (21)         (21)
Repurchase of common shares (33,382) $ (9)     (33,373)     (33,382)
Repurchase of common shares (in shares)   (911)            
Issuance of restricted shares 1 $ 1           1
Issuance of restricted shares (in shares)   85            
Exercise of stock options 608   608         608
Exercise of stock options (in shares)   23            
Equity compensation expense 3,284   3,284         3,284
Taxes withheld upon net settlement of equity compensation (2,171)   (2,171)         (2,171)
Adjustment for noncontrolling interests in the Operating Partnership (755)       (755)   755 (755)
Net income (loss) 82,887       82,887 (494)   82,393
Net income (loss)             357  
Other comprehensive income, net 20     20       20
Redemption of units for cash 4       4   (685) 4
Common share distributions (120,655)       (120,655)   (522) (120,655)
Balance at Mar. 31, 2026 2,649,263 $ 2,265 4,304,254 (229) (1,657,027) 19,324   2,668,587
Balance (in shares) at Mar. 31, 2026   226,466            
Balance of Noncontrolling Interests in the Operating Partnership at Mar. 31, 2026             36,072  
Increase (Decrease) in Stockholders' Equity                
Distributions paid to noncontrolling interest in subsidiaries           (178)   (178)
Issuance of common shares, net (106)   (106)         (106)
Repurchase of common shares (42,505) $ (11)     (42,494)     (42,505)
Repurchase of common shares (in shares)   (1,090)            
Issuance of restricted shares (in shares)   29            
Exercise of stock options 3,081 $ 1 3,080         3,081
Exercise of stock options (in shares)   117            
Equity compensation expense 3,320   3,320         3,320
Taxes withheld upon net settlement of equity compensation (158)   (158)         (158)
Adjustment for noncontrolling interests in the Operating Partnership (3,197)       (3,197)   3,197 (3,197)
Net income (loss) 89,585       89,585 (520)   89,065
Net income (loss)             395  
Other comprehensive income, net 20     20       20
Common share distributions (120,060)       (120,060)   (521) (120,060)
Balance at Jun. 30, 2026 $ 2,579,243 $ 2,255 $ 4,310,390 $ (209) $ (1,733,193) $ 18,626   2,597,869
Balance (in shares) at Jun. 30, 2026   225,522            
Balance of Noncontrolling Interests in the Operating Partnership at Jun. 30, 2026             $ 39,143 $ 39,143