v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF EQUITY - USD ($)
$ in Thousands
Redeemable Noncontrolling Interests
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Dividends in Excess of Earnings
Accumulated Other Comprehensive Income Loss, Net
Noncontrolling Interests
Total
Beginning balance at Dec. 31, 2024 $ 1,433,185 $ 731,690 $ 3,337 $ 28,079,738 $ (6,292,085) $ (1,182,283) $ 402,198 $ 21,742,595
Beginning balance (shares) at Dec. 31, 2024     336,636,742          
CONDENSED CONSOLIDATED STATEMENT OF EQUITY                
Conversion of common units to common stock       7,572     (7,572)  
Conversion of common units to common stock (shares)     90,990          
Effect of equity compensation plans     $ 37 49,398       49,435
Effect of equity compensation plans (shares)     156,947          
Issuance of common stock, net of costs       605,163       605,163
Issuance of common stock, net of costs (shares)     3,487,397          
Reclassification of vested share-based awards       (21,699)     21,699  
Adjustment to redeemable noncontrolling interests (654)     654       654
Dividends declared on preferred stock         (20,362)     (20,362)
Dividends and distributions on common stock and common and incentive units (380)       (827,290)   (15,217) (842,507)
Contributions from (distributions to) noncontrolling interests             1,736 1,736
Net income (loss) (11,680)       1,142,130   22,891 1,165,021
Other comprehensive income (loss) 85,418         638,527 15,695 654,222
Ending balance at Jun. 30, 2025 1,505,889 731,690 $ 3,374 28,720,826 (5,997,607) (543,756) 441,430 23,355,957
Ending balance (shares) at Jun. 30, 2025     340,372,076          
Beginning balance at Mar. 31, 2025 1,459,322 731,690 $ 3,338 28,091,661 (6,604,217) (926,874) 423,236 21,718,834
Beginning balance (shares) at Mar. 31, 2025     336,743,461          
CONDENSED CONSOLIDATED STATEMENT OF EQUITY                
Conversion of common units to common stock       7,202     (7,202)  
Conversion of common units to common stock (shares)     86,587          
Effect of equity compensation plans     $ 36 24,386       24,422
Effect of equity compensation plans (shares)     54,631          
Issuance of common stock, net of costs       604,179       604,179
Issuance of common stock, net of costs (shares)     3,487,397          
Reclassification of vested share-based awards       (1,758)     1,758  
Adjustment to redeemable noncontrolling interests 4,844     (4,844)       (4,844)
Dividends declared on preferred stock         (10,181)     (10,181)
Dividends and distributions on common stock and common and incentive units (190)       (415,365)   (7,561) (422,926)
Contributions from (distributions to) noncontrolling interests             1,871 1,871
Net income (loss) (5,535)       1,032,156   20,325 1,052,481
Other comprehensive income (loss) 47,448         383,118 9,003 392,121
Ending balance at Jun. 30, 2025 1,505,889 731,690 $ 3,374 28,720,826 (5,997,607) (543,756) 441,430 23,355,957
Ending balance (shares) at Jun. 30, 2025     340,372,076          
Beginning balance at Dec. 31, 2025 1,498,975 731,690 $ 3,406 29,350,487 (6,690,722) (469,198) 421,336 23,346,999
Beginning balance (shares) at Dec. 31, 2025     343,557,430          
CONDENSED CONSOLIDATED STATEMENT OF EQUITY                
Conversion of common units to common stock     $ 2 27,055     (27,057)  
Conversion of common units to common stock (shares)     478,841          
Effect of equity compensation plans       51,668       51,668
Effect of equity compensation plans (shares)     198,002          
Issuance of common stock, net of costs     $ 138 2,495,544       2,495,682
Issuance of common stock, net of costs (shares)     13,465,583          
Common stock issued in connection with acquisition of Blackstone joint venture interests     $ 123 2,345,964       2,346,087
Common stock issued in connection with acquisition of Blackstone joint venture interests (shares)     12,310,249          
Common units issued in connection with the Astra acquisition             103,981 103,981
Reclassification of vested share-based awards       (45,311)     45,311  
Adjustment to redeemable noncontrolling interests 64,796     (64,796)       (64,796)
Dividends declared on preferred stock         (20,362)     (20,362)
Dividends and distributions on common stock and common and incentive units (380)       (860,955)   (15,748) (876,703)
Contributions from (distributions to) noncontrolling interests 300           4,101 4,101
Net income (loss) (12,349)       632,563   12,197 644,760
Other comprehensive income (loss) 15,940         (52,826) 563 (52,263)
Ending balance at Jun. 30, 2026 1,567,282 731,690 $ 3,669 34,160,611 (6,939,476) (522,024) 544,684 27,979,154
Ending balance (shares) at Jun. 30, 2026     370,010,105          
Beginning balance at Mar. 31, 2026 1,594,718 731,690 $ 3,459 30,093,165 (6,946,676) (512,885) 433,543 23,802,296
Beginning balance (shares) at Mar. 31, 2026     348,924,263          
CONDENSED CONSOLIDATED STATEMENT OF EQUITY                
Conversion of common units to common stock     $ 2 8,548     (8,550)  
Conversion of common units to common stock (shares)     155,804          
Effect of equity compensation plans       25,329       25,329
Effect of equity compensation plans (shares)     59,278          
Issuance of common stock, net of costs     $ 85 1,625,031       1,625,116
Issuance of common stock, net of costs (shares)     8,560,511          
Common stock issued in connection with acquisition of Blackstone joint venture interests     $ 123 2,345,964       2,346,087
Common stock issued in connection with acquisition of Blackstone joint venture interests (shares)     12,310,249          
Common units issued in connection with the Astra acquisition             103,981 103,981
Reclassification of vested share-based awards       (10,865)     10,865  
Adjustment to redeemable noncontrolling interests (73,439)     73,439       73,439
Dividends declared on preferred stock         (10,181)     (10,181)
Dividends and distributions on common stock and common and incentive units (190)       (435,908)   (8,145) (444,053)
Contributions from (distributions to) noncontrolling interests 300           4,257 4,257
Net income (loss) (4,113)       453,289   8,431 461,720
Other comprehensive income (loss) 50,006         (9,139) 302 (8,837)
Ending balance at Jun. 30, 2026 $ 1,567,282 $ 731,690 $ 3,669 $ 34,160,611 $ (6,939,476) $ (522,024) $ 544,684 $ 27,979,154
Ending balance (shares) at Jun. 30, 2026     370,010,105