v3.26.1
Equity - Schedule of Computation of Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator - Basic:        
Net income (loss) $ (39,554) $ 11,385 $ (36,559) $ 27,163
Private perpetual preferred unit distributions (1,051) (1,051) (2,101) (2,101)
Net (income) loss attributable to non-controlling interests 14,782 (3,815) 14,072 (9,323)
Net income (loss) attributable to common stockholders – basic (25,823) 6,519 (24,588) 15,739
Numerator - Diluted:        
Net income (loss) (39,554) 11,385 (36,559) 27,163
Private perpetual preferred unit distributions (1,051) (1,051) (2,101) (2,101)
Net income (loss) attributable to common stockholders – diluted $ (40,605) $ 10,334 $ (38,660) $ 25,062
Denominator:        
Weighted average shares outstanding – basic (in shares) 171,039,000 168,368,000 171,101,000 167,644,000
Operating partnership units (in shares) 97,908,000 98,531,000 97,769,000 99,341,000
Effect of dilutive securities:        
Stock-based compensation plans (in shares) 0 3,052,000 0 2,754,000
Weighted average shares outstanding – diluted (in shares) 268,947,000 269,951,000 268,870,000 269,739,000
Earnings per share:        
Basic (in USD per share) $ (0.15) $ 0.04 $ (0.14) $ 0.09
Diluted (in USD per share) $ (0.15) $ 0.04 $ (0.14) $ 0.09
Antidilutive securities (in shares) 3,300,000 0 2,700,000 0