v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024     252,925,496        
Beginning balance at Dec. 31, 2024 $ 2,842,425 $ 2,756,487 $ 2,527 $ 6,160,780 $ (3,406,786) $ (34) $ 85,938
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (92,698) (91,029)     (91,029)   (1,669)
Interest rate cap agreements 21 21       21  
Amortization of share and unit-based plans (in shares)     175,657        
Amortization of share and unit-based plans 8,620 8,620 $ 2 8,618      
Employee stock purchases (in shares)     91,990        
Employee stock purchases 1,251 1,251 $ 1 1,250      
Stock offerings, net (639) (639)   (639)      
Distributions paid (86,927) (86,927)     (86,927)    
Distributions to noncontrolling interests (9,238)           (9,238)
Conversion of noncontrolling interests to common shares (in shares)     6,100        
Conversion of noncontrolling interests to common shares 0 118   118     (118)
Adjustment of noncontrolling interests in Operating Partnership 0 (2,580)   (2,580)     2,580
Ending balance (in shares) at Jun. 30, 2025     253,199,243        
Ending balance at Jun. 30, 2025 2,662,815 2,585,322 $ 2,530 6,167,547 (3,584,742) (13) 77,493
Beginning balance (in shares) at Mar. 31, 2025     253,030,425        
Beginning balance at Mar. 31, 2025 2,743,923 2,663,572 $ 2,528 6,161,896 (3,500,838) (14) 80,351
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (41,544) (40,905)     (40,905)   (639)
Interest rate cap agreements 1 1       1  
Amortization of share and unit-based plans (in shares)     76,828        
Amortization of share and unit-based plans 5,138 5,138 $ 1 5,137      
Employee stock purchases (in shares)     91,990        
Employee stock purchases 1,251 1,251 $ 1 1,250      
Stock offerings, net (221) (221)   (221)      
Distributions paid (42,999) (42,999)     (42,999)    
Distributions to noncontrolling interests (2,734)           (2,734)
Adjustment of noncontrolling interests in Operating Partnership 0 (515)   (515)     515
Ending balance (in shares) at Jun. 30, 2025     253,199,243        
Ending balance at Jun. 30, 2025 $ 2,662,815 2,585,322 $ 2,530 6,167,547 (3,584,742) (13) 77,493
Beginning balance (in shares) at Dec. 31, 2025 256,990,913   256,990,913        
Beginning balance at Dec. 31, 2025 $ 2,527,070 2,448,871 $ 2,569 6,224,127 (3,777,816) (9) 78,199
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (63,746) (63,421)     (63,421)   (325)
Interest rate cap agreements 4 4       4  
Amortization of share and unit-based plans (in shares)     171,967        
Amortization of share and unit-based plans 12,861 12,861 $ 2 12,859      
Employee stock purchases (in shares)     80,340        
Employee stock purchases 1,104 1,104 $ 1 1,103      
Stock offerings, net (in shares)     26,537,202        
Stock offerings, net 531,839 531,839 $ 266 531,573      
Distributions paid (92,517) (92,517)     (92,517)    
Distributions to noncontrolling interests (8,312)           (8,312)
Conversion of noncontrolling interests to common shares (in shares)     295,838        
Conversion of noncontrolling interests to common shares 0 5,383 $ 3 5,380     (5,383)
Redemption of noncontrolling interests (830)           (830)
Adjustment of noncontrolling interests in Operating Partnership $ 0 (16,926)   (16,926)     16,926
Ending balance (in shares) at Jun. 30, 2026 284,076,260   284,076,260        
Ending balance at Jun. 30, 2026 $ 2,907,473 2,827,198 $ 2,841 6,758,116 (3,933,754) (5) 80,275
Beginning balance (in shares) at Mar. 31, 2026     260,632,896        
Beginning balance at Mar. 31, 2026 2,511,866 2,437,998 $ 2,606 6,293,832 (3,858,433) (7) 73,868
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (26,852) (27,071)     (27,071)   219
Interest rate cap agreements 2 2       2  
Amortization of share and unit-based plans (in shares)     68,485        
Amortization of share and unit-based plans 6,785 6,785 $ 1 6,784      
Employee stock purchases (in shares)     80,340        
Employee stock purchases 1,104 1,104 $ 1 1,103      
Stock offerings, net (in shares)     23,285,039        
Stock offerings, net 466,363 466,363 $ 233 466,130      
Distributions paid (48,250) (48,250)     (48,250)    
Distributions to noncontrolling interests (3,545)           (3,545)
Conversion of noncontrolling interests to common shares (in shares)     9,500        
Conversion of noncontrolling interests to common shares 0 150   150     (150)
Adjustment of noncontrolling interests in Operating Partnership $ 0 (9,883)   (9,883)     9,883
Ending balance (in shares) at Jun. 30, 2026 284,076,260   284,076,260        
Ending balance at Jun. 30, 2026 $ 2,907,473 $ 2,827,198 $ 2,841 $ 6,758,116 $ (3,933,754) $ (5) $ 80,275