v3.26.1
Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Dividends Payable Dividends declared (on a per share basis) during the six months ended June 30, 2026 are as follows:
Common StockPreferred Stock
Dividend
Declaration DateDividendDeclaration DateSeries DSeries ESeries F
February 24, 2026$0.30 March 30, 2026$0.3984375 $0.390625 $0.390625 
May 7, 2026$0.17 June 29, 2026$0.3984375 $0.390625 $0.390625 
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the numerator and denominator of our basic and diluted EPS computations is as follows ($ in thousands, except share and per share data):
Three Months Ended June 30,
20262025
BasicDiluted (1)BasicDiluted
Net (loss) income attributable to common stockholders (2)$(37,342)$(37,342)$23,952 $23,952 
Net (loss) income attributable to noncontrolling interest (3)— — — 2,015 
Net (loss) income attributable to common stockholders and noncontrolling interest (4)$(37,342)$(37,342)$23,952 $25,967 
Weighted average shares outstanding190,806,800190,806,800192,236,206192,236,206
Dilutive effect of OP Units (3)———16,173,761
Dilutive effect of RSUs (5)———593,035
Weighted average shares outstanding (4)190,806,800 190,806,800192,236,206209,003,002
Net (loss) income per common share (2)$(0.20)$(0.20)$0.12 $0.12 
Six Months Ended June 30,
20262025
Net (loss) income attributable to common stockholders (2)$(36,713)$(36,713)$54,389 $54,389 
Net (loss) income attributable to noncontrolling interest (3)— — — 4,617 
Net (loss) income attributable to common stockholders and noncontrolling interest (4)$(36,713)$(36,713)$54,389 $59,006 
Weighted average shares outstanding192,491,494192,491,494191,154,501191,154,501
Dilutive effect of OP Units (3)———16,211,314
Dilutive effect of RSUs (5)———572,759
Weighted average shares outstanding (4)192,491,494192,491,494191,154,501207,938,574
Net (loss) income per common share (2)$(0.19)$(0.19)$0.28 $0.28 
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(1)For the three and six months ended June 30, 2026, potentially dilutive securities were excluded from the computation of diluted loss per common share because their effect would have been anti-dilutive due to the net loss attributable to common stockholders incurred during the period.
(2)Net of preferred stock dividends.
(3)We consider OP Units to be common stock equivalents as the holders have voting rights, the right to distributions and the right to redeem the OP Units for the cash value of a corresponding number of shares of common stock or a corresponding number of shares of common stock, at our election.
(4)The three and six months ended June 30, 2025 excludes interest expense of $6.1 million and $12.2 million, respectively, and potentially dilutive shares of 17,471,534 and 17,543,663, respectively, attributable to convertible debt since their effect would have been anti-dilutive. In August 2025, our convertible debt matured and was fully settled.
(5)Represents the dilutive effect of performance-based RSUs granted to certain executive officers that vest based upon our achievement of total stockholder return objectives and RSUs granted to our chief executive officer and certain directors who have decided to defer the receipt of the common stock into which the RSUs are converted, or to defer receipt of cash fees, to a future date pursuant to a pre-established deferral election.