v3.26.1
Consolidated Statements of Stockholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Total Stockholders' Equity
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Retained Earnings (Deficit)
Non-controlling Interests
Private Perpetual Preferred Units
Beginning balance (in shares) at Dec. 31, 2024         166,405,000 978,000          
Beginning balance at Dec. 31, 2024 $ 1,781,962     $ 1,030,696 $ 1,664 $ 10 $ 1,077,976 $ 9,934 $ (58,888) $ 721,326 $ 29,940
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Conversion of operating partnership units and Class B shares to Class A shares (in shares)         2,075,000 (3,000)          
Conversion of operating partnership units and Class B shares to Class A shares 0     9,986 $ 21   9,869 96   (9,986)  
Repurchases of common shares (in shares)         (310,000)            
Repurchases of common shares (2,148)     (2,148) $ (3)   (1,992)   (153)    
Equity compensation:                      
LTIP units 10,774                 10,774  
Restricted stock, net of forfeitures (in shares)         131,000            
Restricted stock, net of forfeitures 207     207 $ 1   206        
Dividends and distributions (21,589)     (11,799)         (11,799) (7,689) (2,101)
Net income (loss) 27,163     15,739         15,739 9,323 2,101
Other comprehensive income (loss) (7,121)     (4,472)       (4,472)   (2,649)  
Ending balance (in shares) at Jun. 30, 2025         168,301,000 975,000          
Ending balance at Jun. 30, 2025 1,789,248     1,038,209 $ 1,683 $ 10 1,086,059 5,558 (55,101) 721,099 29,940
Beginning balance (in shares) at Mar. 31, 2025         167,094,000 976,000          
Beginning balance at Mar. 31, 2025 1,785,875     1,032,060 $ 1,671 $ 10 1,079,194 6,733 (55,548) 723,875 29,940
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Conversion of operating partnership units and Class B shares to Class A shares (in shares)         1,540,000 (1,000)          
Conversion of operating partnership units and Class B shares to Class A shares 0     8,401 $ 16   8,322 63   (8,401)  
Repurchases of common shares (in shares)         (310,000)            
Repurchases of common shares (2,148)     (2,148) $ (3)   (1,992)   (153)    
Equity compensation:                      
LTIP units 6,364                 6,364  
Restricted stock, net of forfeitures (in shares)         (23,000)            
Restricted stock, net of forfeitures 534     534 $ (1)   535        
Dividends and distributions (10,806)     (5,919)         (5,919) (3,836) (1,051)
Net income (loss) 11,385     6,519         6,519 3,815 1,051
Other comprehensive income (loss) (1,956)     (1,238)       (1,238)   (718)  
Ending balance (in shares) at Jun. 30, 2025         168,301,000 975,000          
Ending balance at Jun. 30, 2025 1,789,248     1,038,209 $ 1,683 $ 10 1,086,059 5,558 (55,101) 721,099 29,940
Beginning balance (in shares) at Dec. 31, 2025   169,523,000 972,000   169,523,000 972,000          
Beginning balance at Dec. 31, 2025 1,822,192     1,060,002 $ 1,695 $ 10 1,091,444 6,501 (39,648) 732,250 29,940
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Conversion of operating partnership units and Class B shares to Class A shares (in shares)         1,795,000 (4,000)          
Conversion of operating partnership units and Class B shares to Class A shares 0     8,809 $ 18   8,710 81   (8,809)  
Repurchases of common shares 0                    
Equity compensation:                      
LTIP units 15,324                 15,324  
Restricted stock, net of forfeitures (in shares)         472,000            
Restricted stock, net of forfeitures 920     920 $ 5   915        
Dividends and distributions (21,510)     (12,063)         (12,063) (7,346) (2,101)
Net income (loss) (36,559)     (24,588)         (24,588) (14,072) 2,101
Other comprehensive income (loss) 9,342     5,941       5,941   3,401  
Ending balance (in shares) at Jun. 30, 2026   171,790,000 968,000   171,790,000 968,000          
Ending balance at Jun. 30, 2026 1,789,709     1,039,021 $ 1,718 $ 10 1,101,069 12,523 (76,299) 720,748 29,940
Beginning balance (in shares) at Mar. 31, 2026         171,089,000 970,000          
Beginning balance at Mar. 31, 2026 1,824,138     1,064,195 $ 1,711 $ 10 1,097,522 9,387 (44,435) 730,003 29,940
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Conversion of operating partnership units and Class B shares to Class A shares (in shares)         733,000 (2,000)          
Conversion of operating partnership units and Class B shares to Class A shares $ 0     2,820 $ 7   2,773 40   (2,820)  
Repurchases of common shares (in shares) 0                    
Repurchases of common shares $ 0                    
Equity compensation:                      
LTIP units 10,308                 10,308  
Restricted stock, net of forfeitures (in shares)         (32,000)            
Restricted stock, net of forfeitures 774     774     774        
Dividends and distributions (10,818)     (6,041)         (6,041) (3,726) (1,051)
Net income (loss) (39,554)     (25,823)         (25,823) (14,782) 1,051
Other comprehensive income (loss) 4,861     3,096       3,096   1,765  
Ending balance (in shares) at Jun. 30, 2026   171,790,000 968,000   171,790,000 968,000          
Ending balance at Jun. 30, 2026 $ 1,789,709     $ 1,039,021 $ 1,718 $ 10 $ 1,101,069 $ 12,523 $ (76,299) $ 720,748 $ 29,940