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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Rental income $ 287,070 $ 308,135 $ 575,927 $ 626,211
Interest income 3,449 3,865 7,180 8,403
Other operating 6,983 4,322 13,371 8,513
Revenues 297,502 316,322 596,478 643,127
Expenses        
Property operating 109,924 117,719 224,887 238,798
General and administrative 23,482 14,002 37,011 28,788
Transaction costs 593 431 1,604 826
Depreciation and amortization 147,749 173,477 298,717 351,596
Expenses 281,748 305,629 562,219 620,008
Other income (expense)        
Gain on sales of real estate properties and other assets 20,004 38,338 22,907 38,360
Interest expense (53,346) (62,457) (108,157) (123,510)
Impairment of real estate properties and credit loss reserves (142,348) (132,118) (154,429) (148,055)
Impairment of goodwill 0 0 0 (250,530)
Equity income (loss) from unconsolidated joint ventures 158 (146) 159 (568)
Interest and other (expense) income, net (366) (248) (271) 27
Total other income (expense) (175,898) (156,631) (239,791) (484,276)
Net loss (160,144) (145,938) (205,532) (461,157)
Net loss attributable to non-controlling interests 2,293 2,158 2,808 6,541
Net loss attributable to common stockholders $ (157,851) $ (143,780) $ (202,724) $ (454,616)
Basic earnings per common share (in dollars per share) $ (0.45) $ (0.39) $ (0.58) $ (1.22)
Diluted earnings per common share (in dollars per share) $ (0.45) $ (0.39) $ (0.58) $ (1.22)
Weighted average common shares outstanding - basic (in shares) 349,628,307 372,477,299 349,583,900 375,962,033
Weighted average common shares outstanding - diluted (in shares) 349,628,307 372,477,299 349,583,900 375,962,033
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]