v3.26.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Investment Entities
Noncontrolling Interests in Operating Company
Beginning balance at Dec. 31, 2024 $ 2,466,834 $ 1,958,582 $ 794,670 $ 1,744 $ 7,999,165 $ (6,837,502) $ 505 $ 430,528 $ 77,724
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (14,107) 13,782       13,782   (27,882) (7)
Other comprehensive income (loss) 2,229 2,087         2,087   142
Redemption of OP units for class A common stock 0 84     84       (84)
Equity-based compensation 7,155 7,115   24 7,091       40
Shares canceled for tax withholdings on vested equity awards (5,037) (5,037)   (5) (5,032)        
Contributions from noncontrolling interests 2,897             2,897  
Distributions to noncontrolling interests (2,883)             (2,763) (120)
Preferred stock dividends (14,660) (14,660)       (14,660)      
Common stock dividends declared (1,763) (1,763)       (1,763)      
Reallocation of equity (Notes 2 and 8) 0 577     572   5   (577)
Ending balance at Mar. 31, 2025 2,440,665 1,960,767 794,670 1,763 8,001,880 (6,840,143) 2,597 402,780 77,118
Beginning balance at Dec. 31, 2024 2,466,834 1,958,582 794,670 1,744 7,999,165 (6,837,502) 505 430,528 77,724
Ending balance at Jun. 30, 2025 2,425,796 2,018,531 794,670 1,809 8,040,320 (6,824,993) 6,725 357,216 50,049
Beginning balance at Mar. 31, 2025 2,440,665 1,960,767 794,670 1,763 8,001,880 (6,840,143) 2,597 402,780 77,118
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (27,081) 31,622       31,622   (59,785) 1,082
Other comprehensive income (loss) 4,234 3,980         3,980   254
Redemption of OP units for class A common stock 0 28,109   43 28,066       (28,109)
Equity-based compensation 10,704 10,664   3 10,661       40
Shares canceled for tax withholdings on vested equity awards (400) (400)     (400)        
Contributions from noncontrolling interests 14,228             14,228  
Distributions to noncontrolling interests (82)             (7) (75)
Preferred stock dividends (14,660) (14,660)       (14,660)      
Common stock dividends declared (1,812) (1,812)       (1,812)      
Reallocation of equity (Notes 2 and 8) 0 261     113   148   (261)
Ending balance at Jun. 30, 2025 2,425,796 2,018,531 794,670 1,809 8,040,320 (6,824,993) 6,725 357,216 50,049
Beginning balance at Dec. 31, 2025 2,416,997 2,107,297 794,670 1,826 8,066,683 (6,761,498) 5,616 268,977 40,723
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 890 19,965       19,965   (19,213) 138
Other comprehensive income (loss) (1,126) (1,092)         (1,092)   (34)
Redemption of OP units for class A common stock 0 2,064   3 2,061       (2,064)
Equity-based compensation 6,944 6,904   2 6,902       40
Shares canceled for tax withholdings on vested equity awards (11,861) (11,861)   (7) (11,854)        
Contributions from noncontrolling interests 771             771  
Distributions to noncontrolling interests (10,993)             (10,938) (55)
Preferred stock dividends (14,660) (14,660)       (14,660)      
Common stock dividends declared (1,824) (1,824)       (1,824)      
Reallocation of equity (Notes 2 and 8) 0 105     97   8   (105)
Ending balance at Mar. 31, 2026 2,385,138 2,106,898 794,670 1,824 8,063,889 (6,758,017) 4,532 239,597 38,643
Beginning balance at Dec. 31, 2025 2,416,997 2,107,297 794,670 1,826 8,066,683 (6,761,498) 5,616 268,977 40,723
Ending balance at Jun. 30, 2026 2,603,530 2,345,465 794,670 1,867 8,091,683 (6,547,204) 4,449 233,605 24,460
Beginning balance at Mar. 31, 2026 2,385,138 2,106,898 794,670 1,824 8,063,889 (6,758,017) 4,532 239,597 38,643
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 236,047 227,340       227,340   3,435 5,272
Other comprehensive income (loss) (148) (144)         (144)   (4)
Redemption of OP units for class A common stock 0 17,464   25 17,439       (17,464)
Equity-based compensation 9,383 9,342   19 9,323       41
Shares canceled for tax withholdings on vested equity awards (906) (906)   (1) (905)        
Contributions from noncontrolling interests 413             413  
Distributions to noncontrolling interests (9,870)             (9,840) (30)
Preferred stock dividends (14,660) (14,660)       (14,660)      
Common stock dividends declared (1,867) (1,867)       (1,867)      
Reallocation of equity (Notes 2 and 8) 0 1,998     1,937   61   (1,998)
Ending balance at Jun. 30, 2026 $ 2,603,530 $ 2,345,465 $ 794,670 $ 1,867 $ 8,091,683 $ (6,547,204) $ 4,449 $ 233,605 $ 24,460