v3.26.3
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024     252,925,496        
Beginning balance at Dec. 31, 2024 $ 2,842,425 $ 2,756,487 $ 2,527 $ 6,160,780 $ (3,406,786) $ (34) $ 85,938
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (182,693) (178,389)     (178,389)   (4,304)
Interest rate cap agreements 23 23       23  
Amortization of share and unit-based plans (in shares)     182,361        
Amortization of share and unit-based plans 13,477 13,477 $ 2 13,475      
Employee stock purchases (in shares)     91,990        
Employee stock purchases 1,251 1,251 $ 1 1,250      
Stock offerings, net (in shares)     2,783,330        
Stock offerings, net 49,101 49,101 $ 28 49,073      
Distributions paid (130,277) (130,277)     (130,277)    
Distributions to noncontrolling interests (11,755)           (11,755)
Conversion of noncontrolling interests to common shares (in shares)     313,016        
Conversion of noncontrolling interests to common shares 0 5,762 $ 3 5,759     (5,762)
Redemption of noncontrolling interests (4)           (4)
Adjustment of noncontrolling interests in Operating Partnership 0 (6,431)   (6,431)     6,431
Ending balance (in shares) at Sep. 30, 2025     256,296,193        
Ending balance at Sep. 30, 2025 2,581,548 2,511,004 $ 2,561 6,223,906 (3,715,452) (11) 70,544
Beginning balance (in shares) at Jun. 30, 2025     253,199,243        
Beginning balance at Jun. 30, 2025 2,662,815 2,585,322 $ 2,530 6,167,547 (3,584,742) (13) 77,493
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (89,995) (87,360)     (87,360)   (2,635)
Interest rate cap agreements 2 2       2  
Amortization of share and unit-based plans (in shares)     6,704        
Amortization of share and unit-based plans 4,857 4,857 $ 0 4,857      
Stock offerings, net (in shares)     2,783,330        
Stock offerings, net 49,740 49,740 $ 28 49,712      
Distributions paid (43,350) (43,350)     (43,350)    
Distributions to noncontrolling interests (2,517)           (2,517)
Conversion of noncontrolling interests to common shares (in shares)     306,916        
Conversion of noncontrolling interests to common shares 0 5,644 $ 3 5,641     (5,644)
Redemption of noncontrolling interests (4)           (4)
Adjustment of noncontrolling interests in Operating Partnership 0 (3,851)   (3,851)     3,851
Ending balance (in shares) at Sep. 30, 2025     256,296,193        
Ending balance at Sep. 30, 2025 $ 2,581,548 2,511,004 $ 2,561 6,223,906 (3,715,452) (11) 70,544
Beginning balance (in shares) at Dec. 31, 2025 256,990,913   256,990,913        
Beginning balance at Dec. 31, 2025 $ 2,527,070 2,448,871 $ 2,569 6,224,127 (3,777,816) (9) 78,199
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (79,883) (80,155)     (80,155)   272
Interest rate cap agreements 6 6       6  
Amortization of share and unit-based plans (in shares)     178,941        
Amortization of share and unit-based plans 19,353 19,353 $ 2 19,351      
Employee stock purchases (in shares)     80,340        
Employee stock purchases 1,104 1,104 $ 1 1,103      
Stock offerings, net (in shares)     26,537,202        
Stock offerings, net 530,243 530,243 $ 266 529,977      
Purchase of capped calls on exchangeable senior notes (44,950) (44,950)   (44,950)      
Distributions paid (140,769) (140,769)     (140,769)    
Distributions to noncontrolling interests (11,201)           (11,201)
Conversion of noncontrolling interests to common shares (in shares)     295,838        
Conversion of noncontrolling interests to common shares 0 5,383 $ 3 5,380     (5,383)
Redemption of noncontrolling interests (830)           (830)
Adjustment of noncontrolling interests in Operating Partnership $ 0 (15,608)   (15,608)     15,608
Ending balance (in shares) at Sep. 30, 2026 284,083,234   284,083,234        
Ending balance at Sep. 30, 2026 $ 2,800,143 2,723,478 $ 2,841 6,719,380 (3,998,740) (3) 76,665
Beginning balance (in shares) at Jun. 30, 2026     284,076,260        
Beginning balance at Jun. 30, 2026 2,907,473 2,827,198 $ 2,841 6,758,116 (3,933,754) (5) 80,275
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (16,137) (16,734)     (16,734)   597
Interest rate cap agreements 2 2       2  
Amortization of share and unit-based plans (in shares)     6,974        
Amortization of share and unit-based plans 6,492 6,492 $ 0 6,492      
Stock offerings, net (in shares)     0        
Stock offerings, net (1,596) (1,596) $ 0 (1,596)      
Purchase of capped calls on exchangeable senior notes (44,950) (44,950)   (44,950)      
Distributions paid (48,252) (48,252)     (48,252)    
Distributions to noncontrolling interests $ (2,889)           (2,889)
Adjustment of noncontrolling interests in Operating Partnership   1,318   1,318     (1,318)
Ending balance (in shares) at Sep. 30, 2026 284,083,234   284,083,234        
Ending balance at Sep. 30, 2026 $ 2,800,143 $ 2,723,478 $ 2,841 $ 6,719,380 $ (3,998,740) $ (3) $ 76,665