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Consolidated Statements of Equity and Redeemable Non-Controlling Interests - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Cumulative Net Income
Cumulative Dividends
Non- controlling Interests
Beginning Balance at Dec. 31, 2021 $ 2,185,116 $ 2,185,116 $ 1,505 $ 3,972,917 $ (9,981) $ 1,266,158 $ (3,045,483) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of stock, net of costs 22,907 22,907 6 22,901        
Merger consideration transferred 5,687,165 5,576,463 2,289 5,574,174       110,702
Common stock redemption (2,792) (2,792) (1) (2,791)        
Share-based compensation 20,346 20,346 7 20,339        
Redemption of non-controlling interest   97   97       (97)
Net income (loss) 40,693 40,897       40,897   (204)
Reclassification adjustments for losses included in net income (interest expense) 1,527 1,531     1,531     (4)
Gain on interest rate swaps and treasury locks 10,630 10,590     10,590     40
Dividends to common stockholders (285,774) (284,079)         (284,079) (1,695)
Ending Balance at Dec. 31, 2022 7,679,818 7,571,076 3,806 9,587,637 2,140 1,307,055 (3,329,562) 108,742
Redeemable Non-controlling Interests, beginning balance at Dec. 31, 2021 0              
Redeemable Non-controlling Interests                
Contributions from redeemable non-controlling interests 2,014              
Redeemable Non-controlling Interests, ending balance at Dec. 31, 2022 2,014              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of stock, net of costs 130 130   130        
Common stock redemption (2,235) (2,235) (1) (2,234)        
Conversion of OP Units to common stock   2,776 2 2,774       (2,776)
Share-based compensation 14,288 14,288 3 14,285        
Net income (loss) (282,083) (278,261)       (278,261)   (3,822)
Reclassification adjustments for losses included in net income (interest expense) (14,488) (14,315)     (14,315)     (173)
Gain on interest rate swaps and treasury locks 1,463 1,434     1,434     29
Dividends to common stockholders (477,979) (472,231)         (472,231) (5,748)
Ending Balance at Dec. 31, 2023 6,918,914 6,822,662 3,810 9,602,592 (10,741) 1,028,794 (3,801,793) 96,252
Redeemable Non-controlling Interests                
Contributions from redeemable non-controlling interests 1,889              
Adjustments to redemption value of redeemable non-controlling interests 35              
Redeemable Non-controlling Interests, ending balance at Dec. 31, 2023 3,868              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of stock, net of costs 104 104   104        
Common stock redemption (8,697) (8,697) (5) (8,692)        
Conversion of OP Units to common stock   3,412 3 3,409       (3,412)
Share-based compensation 31,824 31,824 5 31,819        
Common stock repurchases (510,423) (510,423) (308) (510,115)        
Redemption of non-controlling interest (11,930)             (11,930)
Net income (loss) (663,904)              
Net (loss) gain (663,921) (654,485)       (654,485)   (9,436)
Reclassification adjustments for losses included in net income (interest expense) (13,137) (12,954)     (12,954)     (183)
Gain on interest rate swaps and treasury locks 22,809 22,527     22,527     282
Adjustments to redemption value of redeemable non-controlling interests (888) (888)   (888)        
Dividends to common stockholders (463,559) (458,221)         (458,221) (5,338)
Ending Balance at Dec. 31, 2024 5,301,096 $ 5,234,861 $ 3,505 $ 9,118,229 $ (1,168) $ 374,309 $ (4,260,014) $ 66,235
Redeemable Non-controlling Interests                
Contributions from redeemable non-controlling interests 13              
Adjustments to redemption value of redeemable non-controlling interests 880              
Net (loss) gain 17              
Redeemable Non-controlling Interests, ending balance at Dec. 31, 2024 $ 4,778