Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands |
Total |
Common Stock |
Paid-in Capital |
Accumulated Deficit and Distributions in Excess of Net Earnings |
Accumulated Other Comprehensive Loss |
Noncontrolling Interests in Operating Partnership |
| Beginning balance (in shares) at Dec. 31, 2024 |
|
284,265,041,000
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 3,307,005
|
$ 2,842
|
$ 5,646,879
|
$ (2,341,654)
|
$ (27,279)
|
$ 26,217
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
(16,473)
|
|
|
(16,380)
|
|
(93)
|
| Other comprehensive income (loss) |
(14,815)
|
|
|
|
(14,733)
|
(82)
|
| Distributions on common stock, restricted stock and OP units |
(66,037)
|
|
|
(65,573)
|
|
(464)
|
| Stock-based compensation expense |
8,220
|
|
5,175
|
|
|
3,045
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares) |
|
367,887,000
|
|
|
|
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes |
(375)
|
$ 4
|
(379)
|
|
|
|
| Common stock issuance related to employee stock purchase plan (in shares) |
|
86,664,000
|
|
|
|
|
| Common stock issuance related to employee stock purchase plan |
1,577
|
$ 1
|
1,576
|
|
|
|
| Conversion of OP units |
(43)
|
|
|
|
|
(43)
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
284,719,592,000
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
3,219,059
|
$ 2,847
|
5,653,251
|
(2,423,607)
|
(42,012)
|
28,580
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
284,265,041,000
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
3,307,005
|
$ 2,842
|
5,646,879
|
(2,341,654)
|
(27,279)
|
26,217
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
(26,372)
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
284,853,672,000
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
3,070,933
|
$ 2,848
|
5,660,410
|
(2,565,199)
|
(64,804)
|
37,678
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
284,719,592,000
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
3,219,059
|
$ 2,847
|
5,653,251
|
(2,423,607)
|
(42,012)
|
28,580
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
1,550
|
|
|
1,539
|
|
11
|
| Other comprehensive income (loss) |
(16,575)
|
|
|
|
(16,456)
|
(119)
|
| Distributions on common stock, restricted stock and OP units |
(66,364)
|
|
|
(65,883)
|
|
(481)
|
| Stock-based compensation expense |
7,585
|
|
3,869
|
|
|
3,716
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares) |
|
23,788,000
|
|
|
|
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes |
65
|
|
65
|
|
|
|
| Conversion of OP units to common stock ( in shares) |
|
1,621,000
|
|
|
|
|
| Conversion of OP units |
0
|
|
35
|
|
|
(35)
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
284,745,001,000
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
3,145,320
|
$ 2,847
|
5,657,220
|
(2,487,951)
|
(58,468)
|
31,672
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
(11,449)
|
|
|
(11,366)
|
|
(83)
|
| Other comprehensive income (loss) |
(6,382)
|
|
|
|
(6,336)
|
(46)
|
| Distributions on common stock, restricted stock and OP units |
(66,338)
|
|
|
(65,882)
|
|
(456)
|
| Stock-based compensation expense |
10,050
|
|
3,420
|
|
|
6,630
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares) |
|
105,967,000
|
|
|
|
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes |
(268)
|
$ 1
|
(269)
|
|
|
|
| Common stock issuance related to employee stock purchase plan (in shares) |
|
0
|
|
|
|
|
| Common stock issuance related to employee stock purchase plan |
0
|
$ 0
|
0
|
|
|
|
| Conversion of OP units to common stock ( in shares) |
|
2,704,000
|
|
|
|
|
| Conversion of OP units |
0
|
|
39
|
|
|
(39)
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
284,853,672,000
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 3,070,933
|
$ 2,848
|
5,660,410
|
(2,565,199)
|
(64,804)
|
37,678
|
| Beginning balance (in shares) at Dec. 31, 2025 |
284,871,943
|
284,871,943
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 2,922,013
|
$ 2,848
|
5,664,195
|
(2,719,408)
|
(63,190)
|
37,568
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
(13,692)
|
|
|
(13,557)
|
|
(135)
|
| Other comprehensive income (loss) |
8,746
|
|
|
|
8,682
|
64
|
| Distributions on common stock, restricted stock and OP units |
(66,908)
|
|
|
(66,240)
|
|
(668)
|
| Stock-based compensation expense |
8,432
|
|
6,379
|
|
|
2,053
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares) |
|
422,931
|
|
|
|
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes |
64
|
$ 4
|
60
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2026 |
|
285,294,874
|
|
|
|
|
| Ending balance at Mar. 31, 2026 |
$ 2,858,655
|
$ 2,852
|
5,670,634
|
(2,799,205)
|
(54,508)
|
38,882
|
| Beginning balance (in shares) at Dec. 31, 2025 |
284,871,943
|
284,871,943
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 2,922,013
|
$ 2,848
|
5,664,195
|
(2,719,408)
|
(63,190)
|
37,568
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
$ 330,384
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
285,518,624
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 3,085,437
|
$ 2,854
|
5,678,145
|
(2,591,112)
|
(50,002)
|
45,552
|
| Beginning balance (in shares) at Mar. 31, 2026 |
|
285,294,874
|
|
|
|
|
| Beginning balance at Mar. 31, 2026 |
2,858,655
|
$ 2,852
|
5,670,634
|
(2,799,205)
|
(54,508)
|
38,882
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
(346,460)
|
|
|
(342,810)
|
|
(3,650)
|
| Other comprehensive income (loss) |
625
|
|
|
|
619
|
6
|
| Distributions on common stock, restricted stock and OP units |
(66,906)
|
|
|
(66,234)
|
|
(672)
|
| Stock-based compensation expense |
5,611
|
|
3,631
|
|
|
1,980
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares) |
|
137,254
|
|
|
|
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes |
(473)
|
$ 1
|
(474)
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2026 |
|
285,432,128
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
2,451,052
|
$ 2,853
|
5,673,791
|
(3,208,249)
|
(53,889)
|
36,546
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
690,536
|
|
|
683,359
|
|
7,177
|
| Other comprehensive income (loss) |
3,927
|
|
|
|
3,887
|
40
|
| Distributions on common stock, restricted stock and OP units |
(66,899)
|
|
|
(66,222)
|
|
(677)
|
| Stock-based compensation expense |
5,822
|
|
3,356
|
|
|
2,466
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes (in shares) |
|
86,496
|
|
|
|
|
| Common stock issuance related to stock-based payment plans, net of shares withheld for employee taxes |
$ 999
|
$ 1
|
998
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
285,518,624
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 3,085,437
|
$ 2,854
|
$ 5,678,145
|
$ (2,591,112)
|
$ (50,002)
|
$ 45,552
|