v3.26.1
Consolidated Statements of Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid- In-Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Retained Deficit
Noncontrolling Interests
Series I Preferred Stock
Preferred stock
Beginning balance at Dec. 31, 2024 $ 4,069,951 $ 711 $ 4,159,562 $ 0 $ 18,196 $ (449,101) $ 118,651 $ 221,932
Beginning balance (in shares) at Dec. 31, 2024   71,097            
Increase (Decrease) in Stockholders' Equity                
Net loss (30,429)         (24,692) (5,737)  
Acquisition of subsidiary interest from noncontrolling interest (15,631)   36,023       (51,654)  
Other comprehensive income (loss) (34,520)       (34,520)      
Perpetual preferred stock dividends (7,475)         (7,475)    
DRSPP proceeds (in shares)   2            
DRSPP proceeds 131   131          
Conversion of units in the operating partnership for common stock (in shares)   5            
Measurement adjustment for redeemable noncontrolling interest (22,895)         (22,895)    
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (in shares)   (79)            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 3,457 $ (1) 3,458          
Proceeds from issuance of common stock (871)   (871)          
Contributions to consolidated joint venture interests 4,747           4,747  
Contributions to debt fund investments 24,193           24,193  
Cash distributions to noncontrolling interests (1,601)           (1,601)  
Cash distributions declared (108,954)         (108,954)    
Ending balance at Jun. 30, 2025 3,880,103 $ 710 4,198,303 0 (16,324) (613,117) 88,599 221,932
Ending balance (in shares) at Jun. 30, 2025   71,025            
Beginning balance at Dec. 31, 2024 4,069,951 $ 711 4,159,562 0 18,196 (449,101) 118,651 221,932
Beginning balance (in shares) at Dec. 31, 2024   71,097            
Ending balance at Dec. 31, 2025 3,912,448 $ 711 4,212,590 0 (22,198) (741,880) 241,293 221,932
Ending balance (in shares) at Dec. 31, 2025   71,159            
Beginning balance at Mar. 31, 2025 3,953,427 $ 710 4,156,242 0 (4,842) (537,585) 116,970 221,932
Beginning balance (in shares) at Mar. 31, 2025   71,016            
Increase (Decrease) in Stockholders' Equity                
Net loss (8,195)         (7,355) (840)  
Acquisition of subsidiary interest from noncontrolling interest (15,631)   36,023       (51,654)  
Other comprehensive income (loss) (11,482)       (11,482)      
Perpetual preferred stock dividends (3,737)         (3,737)    
DRSPP proceeds (in shares)   1            
DRSPP proceeds 56 56          
Conversion of units in the operating partnership for common stock (in shares)   1            
Measurement adjustment for redeemable noncontrolling interest (9,955)         (9,955)    
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (in shares)   7            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 5,982   5,982          
Contributions to consolidated joint venture interests 1,310           1,310  
Contributions to debt fund investments 24,193           24,193  
Cash distributions to noncontrolling interests (1,380)           (1,380)  
Cash distributions declared (54,485)         (54,485)    
Ending balance at Jun. 30, 2025 3,880,103 $ 710 4,198,303 0 (16,324) (613,117) 88,599 221,932
Ending balance (in shares) at Jun. 30, 2025   71,025            
Beginning balance at Dec. 31, 2025 3,912,448 $ 711 4,212,590 0 (22,198) (741,880) 241,293 221,932
Beginning balance (in shares) at Dec. 31, 2025   71,159            
Increase (Decrease) in Stockholders' Equity                
Net loss (83,913)         (103,419) 19,506  
Other comprehensive income (loss) 27,551       27,551      
Perpetual preferred stock dividends (7,475)         (7,475)    
DRSPP proceeds (in shares)   3            
DRSPP proceeds 145   145          
Conversion of units in the operating partnership for common stock (in shares)   4            
Measurement adjustment for redeemable noncontrolling interest (76,863)         (76,863)    
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (in shares)   (30)            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 8,750   7,819       933  
Repurchases of common stock (in shares)   (283)            
Repurchases of common stock (14,068) $ (4) (14,064)          
Contributions to consolidated joint venture interests 3,087           3,087  
Contributions to debt fund investments 209,092           209,092  
Distributions from debt fund investments (4,784)           (4,784)  
Consolidation of joint venture interest 38,421           38,421  
Cash distributions to noncontrolling interests (8,533)           (8,533)  
Cash distributions declared (87,268)         (87,268)    
Ending balance at Jun. 30, 2026 3,916,590 $ 705 4,206,490 0 5,353 (1,016,905) 499,015 221,932
Ending balance (in shares) at Jun. 30, 2026   70,853            
Beginning balance at Mar. 31, 2026 3,897,798 $ 711 4,213,857 0 (7,287) (892,890) 361,475 221,932
Beginning balance (in shares) at Mar. 31, 2026   71,124            
Increase (Decrease) in Stockholders' Equity                
Net loss (10,994)         (22,766) 11,772  
Other comprehensive income (loss) 12,640       12,640      
Perpetual preferred stock dividends (3,737)         (3,737)    
DRSPP proceeds (in shares)   2            
DRSPP proceeds 83   83          
Conversion of units in the operating partnership for common stock (in shares)   3            
Measurement adjustment for redeemable noncontrolling interest (53,962)         (53,962)    
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (in shares)   7            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 7,079 $ (2) 6,614       467  
Proceeds from issuance of common stock 0              
Repurchases of common stock (in shares)   283            
Repurchases of common stock (14,068) $ (4) (14,064)          
Contributions to consolidated joint venture interests 1,109           1,109  
Contributions to debt fund investments 127,367           127,367  
Distributions from debt fund investments (2,962)           (2,962)  
Cash distributions to noncontrolling interests (213)           (213)  
Cash distributions declared (43,550)         (43,550)    
Ending balance at Jun. 30, 2026 $ 3,916,590 $ 705 $ 4,206,490 $ 0 $ 5,353 $ (1,016,905) $ 499,015 $ 221,932
Ending balance (in shares) at Jun. 30, 2026   70,853