v3.26.1
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Paid-in Capital
Accumulated Deficit and Distributions in Excess of Net Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests in Operating Partnership
Beginning balance (in shares) at Dec. 31, 2024   284,265,041,000        
Beginning balance at Dec. 31, 2024 $ 3,307,005 $ 2,842 $ 5,646,879 $ (2,341,654) $ (27,279) $ 26,217
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (16,473)     (16,380)   (93)
Other comprehensive income (loss) (14,815)       (14,733) (82)
Distributions on common stock, restricted stock and OP units (66,037)     (65,573)   (464)
Stock-based compensation expense 8,220   5,175     3,045
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares)   367,887,000        
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (375) $ 4 (379)      
Common stock issuance related to employee stock purchase plan (in shares)   86,664,000        
Common stock issuance related to employee stock purchase plan 1,577 $ 1 1,576      
Conversion of OP units (43)         (43)
Ending balance (in shares) at Mar. 31, 2025   284,719,592,000        
Ending balance at Mar. 31, 2025 3,219,059 $ 2,847 5,653,251 (2,423,607) (42,012) 28,580
Beginning balance (in shares) at Dec. 31, 2024   284,265,041,000        
Beginning balance at Dec. 31, 2024 3,307,005 $ 2,842 5,646,879 (2,341,654) (27,279) 26,217
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (14,923)          
Ending balance (in shares) at Jun. 30, 2025   284,745,001,000        
Ending balance at Jun. 30, 2025 3,145,320 $ 2,847 5,657,220 (2,487,951) (58,468) 31,672
Beginning balance (in shares) at Mar. 31, 2025   284,719,592,000        
Beginning balance at Mar. 31, 2025 3,219,059 $ 2,847 5,653,251 (2,423,607) (42,012) 28,580
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 1,550     1,539   11
Other comprehensive income (loss) (16,575)       (16,456) (119)
Distributions on common stock, restricted stock and OP units (66,364)     (65,883)   (481)
Stock-based compensation expense 7,585   3,869     3,716
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares)   23,788,000        
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes 65   65      
Conversion of OP units to common stock ( in shares)   1,621,000        
Conversion of OP units 0   35     (35)
Ending balance (in shares) at Jun. 30, 2025   284,745,001,000        
Ending balance at Jun. 30, 2025 $ 3,145,320 $ 2,847 5,657,220 (2,487,951) (58,468) 31,672
Beginning balance (in shares) at Dec. 31, 2025 284,871,943 284,871,943        
Beginning balance at Dec. 31, 2025 $ 2,922,013 $ 2,848 5,664,195 (2,719,408) (63,190) 37,568
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (13,692)     (13,557)   (135)
Other comprehensive income (loss) 8,746       8,682 64
Distributions on common stock, restricted stock and OP units (66,908)     (66,240)   (668)
Stock-based compensation expense 8,432   6,379     2,053
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares)   422,931        
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes 64 $ 4 60      
Ending balance (in shares) at Mar. 31, 2026   285,294,874        
Ending balance at Mar. 31, 2026 $ 2,858,655 $ 2,852 5,670,634 (2,799,205) (54,508) 38,882
Beginning balance (in shares) at Dec. 31, 2025 284,871,943 284,871,943        
Beginning balance at Dec. 31, 2025 $ 2,922,013 $ 2,848 5,664,195 (2,719,408) (63,190) 37,568
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income $ (360,152)          
Ending balance (in shares) at Jun. 30, 2026 285,432,128 285,432,128        
Ending balance at Jun. 30, 2026 $ 2,451,052 $ 2,853 5,673,791 (3,208,249) (53,889) 36,546
Beginning balance (in shares) at Mar. 31, 2026   285,294,874        
Beginning balance at Mar. 31, 2026 2,858,655 $ 2,852 5,670,634 (2,799,205) (54,508) 38,882
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (346,460)     (342,810)   (3,650)
Other comprehensive income (loss) 625       619 6
Distributions on common stock, restricted stock and OP units (66,906)     (66,234)   (672)
Stock-based compensation expense 5,611   3,631     1,980
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares)   137,254        
Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes $ (473)   (474)      
Ending balance (in shares) at Jun. 30, 2026 285,432,128 285,432,128        
Ending balance at Jun. 30, 2026 $ 2,451,052 $ 2,853 $ 5,673,791 $ (3,208,249) $ (53,889) $ 36,546