v3.26.1
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Common shares
Common Shares
Common shares
Class B
Common Shares
Class B
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Total
Balance at beginning of period at Dec. 31, 2024 $ 846       $ 2,790,403 $ (997,283) $ 15,092   $ 1,809,058
Balance at beginning of period (in shares) at Dec. 31, 2024 84,500,000                
Condensed Consolidated Statements of Equity                  
Net loss attributable to common shareholders           (64,961)     (64,961)
Redemption of common limited partnership units ("OP Units") $ 8       10,846       10,854
Redemption of common limited partnership units ("OP Units") (in shares) 712,000                
Common shares repurchased $ (234)       (372,614)       $ (372,848)
Common shares repurchased (in shares) (23,329,000)               (23,300,000)
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP")         1,244       $ 1,244
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") (in shares) 62,000                
Dividends declared on common shares           (12,434)     (12,434)
Redeemable noncontrolling interests redemption value adjustment and total other comprehensive loss allocation         (32,624)   3,446   (29,178)
Total other comprehensive income (loss)             (18,942)   (18,942)
Balance at end of period at Jun. 30, 2025 $ 620       2,397,255 (1,074,678) (404)   1,322,793
Balance at end of period (in shares) at Jun. 30, 2025 61,945,000                
Balance at beginning of period at Mar. 31, 2025 $ 731       2,607,115 (1,043,003) 6,149   1,570,992
Balance at beginning of period (in shares) at Mar. 31, 2025 73,033,000                
Condensed Consolidated Statements of Equity                  
Net loss attributable to common shareholders           (19,241)     (19,241)
Redemption of common limited partnership units ("OP Units") $ 1       1,134       1,135
Redemption of common limited partnership units ("OP Units") (in shares) 65,000                
Common shares repurchased $ (112)       (185,001)       $ (185,113)
Common shares repurchased (in shares) (11,175,000)               (11,200,000)
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP")         680       $ 680
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") (in shares) 22,000                
Dividends declared on common shares           (12,434)     (12,434)
Redeemable noncontrolling interests redemption value adjustment and total other comprehensive loss allocation         (26,673)   1,562   (25,111)
Total other comprehensive income (loss)             (8,115)   (8,115)
Balance at end of period at Jun. 30, 2025 $ 620       2,397,255 (1,074,678) (404)   1,322,793
Balance at end of period (in shares) at Jun. 30, 2025 61,945,000                
Balance at beginning of period at Dec. 31, 2025 $ 596   $ 136   2,338,881 (1,180,410) (1,613)   1,157,590
Balance at beginning of period (in shares) at Dec. 31, 2025 59,527,000 59,527,000 13,645,000 13,645,000          
Condensed Consolidated Statements of Equity                  
Net income (loss) attributable to common shareholders and noncontrolling interests           (77,852)   $ 87 (77,765)
Net loss attributable to common shareholders                 (77,852)
Issuance of Class B common shares ("Class B Shares")     $ 32   (32)        
Issuance of Class B common shares ("Class B Shares") (in shares)     3,117,000            
Redemption of common limited partnership units ("OP Units") $ 7   $ (7)   9,957       9,957
Redemption of common limited partnership units ("OP Units") (in shares) 672,000   (668,000)            
Common shares repurchased $ (18)       (28,383)       $ (28,401)
Common shares repurchased (in shares) (1,848,000)               (1,800,000)
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP")         1,072       $ 1,072
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") (in shares) 75,000                
Dividends declared on common shares           (10,249)     (10,249)
Sale of interest in consolidated real estate venture         127     11,686 11,813
Distributions to noncontrolling interests, net               (200) (200)
Redeemable noncontrolling interests redemption value adjustment and total other comprehensive loss allocation         6,683   (2,062)   4,621
Total other comprehensive income (loss)             9,548   9,548
Balance at end of period at Jun. 30, 2026 $ 585   $ 161   2,328,305 (1,268,511) 5,873 11,573 1,077,986
Balance at end of period (in shares) at Jun. 30, 2026 58,426,000 58,426,000 16,094,000 16,094,000          
Balance at beginning of period at Mar. 31, 2026 $ 585   $ 161   2,335,815 (1,199,107) 2,441   1,139,895
Balance at beginning of period (in shares) at Mar. 31, 2026 58,413,000   16,124,000            
Condensed Consolidated Statements of Equity                  
Net income (loss) attributable to common shareholders and noncontrolling interests           (59,155)   87 (59,068)
Net loss attributable to common shareholders                 (59,155)
Issuance of Class B common shares ("Class B Shares")     $ 2   (2)        
Issuance of Class B common shares ("Class B Shares") (in shares)     157,000            
Redemption of common limited partnership units ("OP Units") $ 2   $ (2)   2,909       2,909
Redemption of common limited partnership units ("OP Units") (in shares) 203,000   (187,000)            
Common shares repurchased $ (2)       (2,998)       $ (3,000)
Common shares repurchased (in shares) (208,000)               (208,565)
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP")         691       $ 691
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") (in shares) 18,000                
Dividends declared on common shares           (10,249)     (10,249)
Sale of interest in consolidated real estate venture         127     11,686 11,813
Distributions to noncontrolling interests, net               (200) (200)
Redeemable noncontrolling interests redemption value adjustment and total other comprehensive loss allocation         (8,237)   (944)   (9,181)
Total other comprehensive income (loss)             4,376   4,376
Balance at end of period at Jun. 30, 2026 $ 585   $ 161   $ 2,328,305 $ (1,268,511) $ 5,873 $ 11,573 $ 1,077,986
Balance at end of period (in shares) at Jun. 30, 2026 58,426,000 58,426,000 16,094,000 16,094,000