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Consolidated Statements of Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid- In-Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Retained Deficit
Noncontrolling Interests
Series I Preferred Stock
Series I Preferred Stock
Beginning balance at Dec. 31, 2023 $ 3,855,925 $ 660 $ 3,826,452 $ (128,655) $ 17,477 $ (151,551) $ 69,610 $ 221,932
Beginning balance (in shares) at Dec. 31, 2023   64,726            
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 15,291         18,456 (3,165)  
Acquisition of subsidiary interest from noncontrolling interest (5,674)           (5,674)  
Other comprehensive income (loss) 22,894       22,894      
Perpetual preferred unit dividends (7,475)         (7,475)    
DRSPP proceeds (in shares)   2            
DRSPP proceeds 120   120          
Measurement adjustment for redeemable noncontrolling interest 0              
Reallocation of noncontrolling interest in the Operating Partnership (42,477)         (42,477)    
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (in shares)   86            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 10,179   10,179          
Repurchases of common stock (in shares)              
Repurchases of common units 0        
Proceeds from stock options exercised 0              
Contributions to consolidated joint venture interests 1,823           1,823  
Deconsolidation of partially owned entity 0              
Consolidation of joint venture interest 6,678           6,678  
Cash distributions to noncontrolling interests (2,807)           (2,807)  
Issuance of special dividend paid in stock 0            
Cash distributions declared (96,716)         (96,716)    
Ending balance at Jun. 30, 2024 3,757,761 $ 660 3,836,751 (128,655) 40,371 (279,763) 66,465 221,932
Ending balance (in shares) at Jun. 30, 2024   64,814            
Beginning balance at Dec. 31, 2023 3,855,925 $ 660 3,826,452 (128,655) 17,477 (151,551) 69,610 221,932
Beginning balance (in shares) at Dec. 31, 2023   64,726            
Ending balance at Dec. 31, 2024 4,069,951 $ 711 4,159,562 0 18,196 (449,101) 118,651 221,932
Ending balance (in shares) at Dec. 31, 2024   71,097            
Beginning balance at Mar. 31, 2024 3,803,648 $ 660 3,831,130 (128,655) 40,151 (229,607) 68,037 221,932
Beginning balance (in shares) at Mar. 31, 2024   64,806            
Increase (Decrease) in Stockholders' Equity                
Net income (loss) (294)         1,577 (1,871)  
Other comprehensive income (loss) 220       220      
Perpetual preferred unit dividends (3,737)         (3,737)    
DRSPP proceeds (in shares)              
DRSPP proceeds 43   43          
Conversion of units in the Operating Partnership for common stock 0              
Reallocation of noncontrolling interest in the Operating Partnership 364         364    
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (in shares)   8            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 5,578 5,578          
Contributions to consolidated joint venture interests 1,823           1,823  
Cash distributions to noncontrolling interests (1,524)           (1,524)  
Cash distributions declared (48,360)         (48,360)    
Ending balance at Jun. 30, 2024 3,757,761 $ 660 3,836,751 (128,655) 40,371 (279,763) 66,465 221,932
Ending balance (in shares) at Jun. 30, 2024   64,814            
Beginning balance at Dec. 31, 2024 4,069,951 $ 711 4,159,562 0 18,196 (449,101) 118,651 221,932
Beginning balance (in shares) at Dec. 31, 2024   71,097            
Increase (Decrease) in Stockholders' Equity                
Net income (loss) (30,429)         (24,692) (5,737)  
Acquisition of subsidiary interest from noncontrolling interest (15,631)   36,023       (51,654)  
Other comprehensive income (loss) (34,520)       (34,520)      
Perpetual preferred unit dividends (7,475)         (7,475)    
DRSPP proceeds (in shares)   2            
DRSPP proceeds 131   131          
Conversion of units in the operating partnership for common stock (in shares)   5            
Conversion of units in the Operating Partnership for common stock 0              
Measurement adjustment for redeemable noncontrolling interest (22,895)         (22,895)    
Reallocation of noncontrolling interest in the Operating Partnership 0            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (in shares)   (79)            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 3,457 $ (1) 3,458          
Proceeds from issuance of common stock (871)   (871)          
Repurchases of common stock (in shares)              
Repurchases of common units 0        
Proceeds from stock options exercised 0              
Contributions to consolidated joint venture interests 4,747           4,747  
Sale of interest in partially owned entity 0              
Deconsolidation of partially owned entity 0              
Consolidation of joint venture interest 0              
Contributions to debt fund investments 24,193           (24,193)  
Distributions from debt fund investments 0              
Cash distributions to noncontrolling interests (1,601)           (1,601)  
Issuance of special dividend paid in stock 0            
Cash distributions declared (108,954)         (108,954)    
Ending balance at Jun. 30, 2025 3,880,103 $ 710 4,198,303 0 (16,324) (613,117) 88,599 221,932
Ending balance (in shares) at Jun. 30, 2025   71,025            
Beginning balance at Mar. 31, 2025 3,953,427 $ 710 4,156,242 0 (4,842) (537,585) 116,970 221,932
Beginning balance (in shares) at Mar. 31, 2025   71,016            
Increase (Decrease) in Stockholders' Equity                
Net income (loss) (8,195)         (7,355) (840)  
Acquisition of subsidiary interest from noncontrolling interest (15,631)   36,023       (51,654)  
Other comprehensive income (loss) (11,482)       (11,482)      
Perpetual preferred unit dividends (3,737)         (3,737)    
DRSPP proceeds (in shares)   1            
DRSPP proceeds 56 56          
Conversion of units in the operating partnership for common stock (in shares)   1            
Conversion of units in the Operating Partnership for common stock 0          
Measurement adjustment for redeemable noncontrolling interest (9,955)         (9,955)    
Reallocation of noncontrolling interest in the Operating Partnership 0            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (in shares)   7            
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 5,982 5,982          
Contributions to consolidated joint venture interests 1,310           1,310  
Sale of interest in partially owned entity 0              
Deconsolidation of partially owned entity 0              
Consolidation of joint venture interest 0              
Contributions to debt fund investments 24,193           24,193  
Distributions from debt fund investments 0              
Cash distributions to noncontrolling interests (1,380)           (1,380)  
Cash distributions declared (54,485)         (54,485)    
Ending balance at Jun. 30, 2025 $ 3,880,103 $ 710 $ 4,198,303 $ 0 $ (16,324) $ (613,117) $ 88,599 $ 221,932
Ending balance (in shares) at Jun. 30, 2025   71,025