CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands |
Total |
Total Equity Attributable to Common Shareholders |
Common Shares |
Additional Paid In Capital |
Cumulative Net Deficit |
Cumulative Other Comprehensive Gain (Loss) |
Cumulative Common Distributions |
Noncontrolling Interests |
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
66,144,308
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 1,009,330
|
$ 562,019
|
$ 661
|
$ 1,017,382
|
$ (86,473)
|
$ (1,065)
|
$ (368,486)
|
$ 447,311
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net loss |
(31,169)
|
(21,532)
|
|
|
(21,532)
|
|
|
(9,637)
|
| Share grants, repurchases and forfeitures (in shares) |
|
|
(604)
|
|
|
|
|
|
| Share grants, repurchases and forfeitures |
245
|
245
|
|
245
|
|
|
|
|
| Distributions to common shareholders |
(661)
|
(661)
|
|
|
|
|
(661)
|
|
| Other comprehensive gain (loss) |
(802)
|
(546)
|
|
|
|
(546)
|
|
(256)
|
| Distributions to noncontrolling interests |
(30)
|
|
|
|
|
|
|
(30)
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
|
66,143,704
|
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
976,913
|
539,525
|
$ 661
|
1,017,627
|
(108,005)
|
(1,611)
|
(369,147)
|
437,388
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net loss |
(30,394)
|
(21,310)
|
|
|
(21,310)
|
|
|
(9,084)
|
| Share grants, repurchases and forfeitures (in shares) |
|
|
192,295
|
|
|
|
|
|
| Share grants, repurchases and forfeitures |
849
|
849
|
$ 2
|
847
|
|
|
|
|
| Distributions to common shareholders |
(662)
|
(662)
|
|
|
|
|
(662)
|
|
| Other comprehensive gain (loss) |
1,058
|
712
|
|
|
|
712
|
|
346
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
|
66,335,999
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
947,764
|
519,114
|
$ 663
|
1,018,474
|
(129,315)
|
(899)
|
(369,809)
|
428,650
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net loss |
(30,431)
|
(21,565)
|
|
|
(21,565)
|
|
|
(8,866)
|
| Share grants, repurchases and forfeitures (in shares) |
|
|
323,236
|
|
|
|
|
|
| Share grants, repurchases and forfeitures |
270
|
270
|
$ 4
|
266
|
|
|
|
|
| Distributions to common shareholders |
(3,317)
|
(3,317)
|
|
|
|
|
(3,317)
|
|
| Other comprehensive gain (loss) |
(626)
|
(382)
|
|
|
|
(382)
|
|
(244)
|
| Distributions to noncontrolling interests |
(30)
|
|
|
|
|
|
|
(30)
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
66,659,235
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 913,630
|
494,120
|
$ 667
|
1,018,740
|
(150,880)
|
(1,281)
|
(373,126)
|
419,510
|
| Beginning balance (in shares) at Dec. 31, 2025 |
66,653,129
|
|
66,653,129,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 900,698
|
489,697
|
$ 667
|
1,018,985
|
(152,660)
|
(836)
|
(376,459)
|
411,001
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net loss |
(17,859)
|
(9,427)
|
|
|
(9,427)
|
|
|
(8,432)
|
| Share grants, repurchases and forfeitures (in shares) |
|
|
12,921,000
|
|
|
|
|
|
| Share grants, repurchases and forfeitures |
349
|
349
|
|
349
|
|
|
|
|
| Distributions to common shareholders |
(3,333)
|
(3,333)
|
|
|
|
|
(3,333)
|
|
| Other comprehensive gain (loss) |
3,986
|
2,432
|
|
|
|
2,432
|
|
1,554
|
| Distributions to noncontrolling interests |
(150)
|
|
|
|
|
|
|
(150)
|
| Ending balance (in shares) at Mar. 31, 2026 |
|
|
66,666,050,000
|
|
|
|
|
|
| Ending balance at Mar. 31, 2026 |
$ 883,691
|
479,718
|
$ 667
|
1,019,334
|
(162,087)
|
1,596
|
(379,792)
|
403,973
|
| Beginning balance (in shares) at Dec. 31, 2025 |
66,653,129
|
|
66,653,129,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 900,698
|
489,697
|
$ 667
|
1,018,985
|
(152,660)
|
(836)
|
(376,459)
|
411,001
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Distributions to common shareholders |
$ (13,341)
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
67,001,208
|
|
67,001,208,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 794,850
|
424,873
|
$ 670
|
1,020,767
|
(206,764)
|
0
|
(389,800)
|
369,977
|
| Beginning balance (in shares) at Mar. 31, 2026 |
|
|
66,666,050,000
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2026 |
883,691
|
479,718
|
$ 667
|
1,019,334
|
(162,087)
|
1,596
|
(379,792)
|
403,973
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net loss |
(23,088)
|
(14,463)
|
|
|
(14,463)
|
|
|
(8,625)
|
| Share grants, repurchases and forfeitures (in shares) |
|
|
96,181,000
|
|
|
|
|
|
| Share grants, repurchases and forfeitures |
1,334
|
1,334
|
$ 1
|
1,333
|
|
|
|
|
| Distributions to common shareholders |
(3,333)
|
(3,333)
|
|
|
|
|
(3,333)
|
|
| Other comprehensive gain (loss) |
(2,616)
|
(1,596)
|
|
|
|
(1,596)
|
|
(1,020)
|
| Distributions to noncontrolling interests |
(14,820)
|
|
|
|
|
|
|
(14,820)
|
| Ending balance (in shares) at Jun. 30, 2026 |
|
|
66,762,231,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
841,168
|
461,660
|
$ 668
|
1,020,667
|
(176,550)
|
0
|
(383,125)
|
379,508
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net loss |
(37,840)
|
(30,214)
|
|
|
(30,214)
|
|
|
(7,626)
|
| Share grants, repurchases and forfeitures (in shares) |
|
|
238,977,000
|
|
|
|
|
|
| Share grants, repurchases and forfeitures |
102
|
102
|
$ 2
|
100
|
|
|
|
|
| Distributions to common shareholders |
(6,675)
|
(6,675)
|
|
|
|
|
(6,675)
|
|
| Distributions to noncontrolling interests |
$ (1,905)
|
|
|
|
|
|
|
(1,905)
|
| Ending balance (in shares) at Sep. 30, 2026 |
67,001,208
|
|
67,001,208,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 794,850
|
$ 424,873
|
$ 670
|
$ 1,020,767
|
$ (206,764)
|
$ 0
|
$ (389,800)
|
$ 369,977
|