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Condensed 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, 2023 $ 6,918,914 $ 6,822,662 $ 3,810 $ 9,602,592 $ (10,741) $ 1,028,794 $ (3,801,793) $ 96,252
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock, net of issuance costs 104 104   104        
Common stock redemptions (138) (138)   (138)        
Conversion of OP Units to common stock   3,412 2 3,410       (3,412)
Share-based compensation     3          
Share-based compensation 6,944 6,944   6,941        
Common stock repurchases (273,053) (273,053) (172) (272,881)        
Net loss (461,157) (454,616)       (454,616)   (6,541)
Reclassification adjustments for gains included in net income (interest expense) (7,528) (7,424)     (7,424)     (104)
(Losses) gains arising during the period on interest rate swaps 25,501 25,151     25,151     350
Dividends to common stockholders and distributions to non-controlling interest holders (238,770) (235,900)         (235,900) (2,870)
Ending balance at Jun. 30, 2024 5,970,817 5,887,142 3,643 9,340,028 6,986 574,178 (4,037,693) 83,675
Redeemable Non-controlling Interests, beginning balance at Dec. 31, 2023 3,868              
Redeemable Non-controlling Interests                
Contributions from redeemable non-controlling interests 13              
Adjustments to redemption value of redeemable non-controlling interests (6)              
Redeemable Non-controlling Interests, ending balance at Jun. 30, 2024 3,875              
Beginning balance at Mar. 31, 2024 6,503,138 6,415,895 3,815 9,609,530 4,791 717,958 (3,920,199) 87,243
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock redemptions (3) (3)   (3)        
Share-based compensation 3,382 3,382   3,382        
Common stock repurchases (273,053) (273,053) (172) (272,881)        
Net loss (145,938) (143,780)       (143,780)   (2,158)
Reclassification adjustments for gains included in net income (interest expense) (3,662) (3,611)     (3,611)     (51)
(Losses) gains arising during the period on interest rate swaps 5,891 5,806     5,806     85
Dividends to common stockholders and distributions to non-controlling interest holders (118,938) (117,494)         (117,494) (1,444)
Ending balance at Jun. 30, 2024 5,970,817 5,887,142 3,643 9,340,028 6,986 574,178 (4,037,693) 83,675
Redeemable Non-controlling Interests, beginning balance at Mar. 31, 2024 3,880              
Redeemable Non-controlling Interests                
Adjustments to redemption value of redeemable non-controlling interests (5)              
Redeemable Non-controlling Interests, ending balance at Jun. 30, 2024 3,875              
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock redemptions (1,543) (1,543) (1) (1,542)        
Conversion of OP Units to common stock 0 334   334       (334)
Share-based compensation     12          
Share-based compensation 11,802 11,802   11,790        
Redemption of non-controlling interest (331) 0           (331)
Net loss (205,616) (202,724)       (202,724)   (2,892)
Reclassification adjustments for gains included in net income (interest expense) (1,921) (1,894)     (1,894)     (27)
(Losses) gains arising during the period on interest rate swaps (6,206) (6,123)     (6,123)     (83)
Adjustments to redemption value of redeemable non-controlling interests 527 527   527        
Dividends to common stockholders and distributions to non-controlling interest holders (220,714) (217,926)         (217,926) (2,788)
Ending balance at Jun. 30, 2025 4,877,094 4,817,314 3,516 9,129,338 (9,185) 171,585 (4,477,940) 59,780
Redeemable Non-controlling Interests, beginning balance at Dec. 31, 2024 4,778              
Redeemable Non-controlling Interests                
Net loss 84              
Adjustments to redemption value of redeemable non-controlling interests (530)              
Redeemable Non-controlling Interests, ending balance at Jun. 30, 2025 4,332              
Beginning balance at Mar. 31, 2025 5,142,215 5,078,270 3,510 9,121,269 (7,206) 329,436 (4,368,739) 63,945
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock redemptions (1,328) (1,328) (1) (1,327)        
Conversion of OP Units to common stock 0 334   334       (334)
Share-based compensation     7          
Share-based compensation 8,774 8,774   8,767        
Net loss (160,144) (157,851)       (157,851)   (2,293)
Reclassification adjustments for gains included in net income (interest expense) (980) (966)     (966)     (14)
(Losses) gains arising during the period on interest rate swaps (1,028) (1,013)     (1,013)     (15)
Adjustments to redemption value of redeemable non-controlling interests 295 295   295        
Dividends to common stockholders and distributions to non-controlling interest holders (110,710) (109,201)         (109,201) (1,509)
Ending balance at Jun. 30, 2025 4,877,094 $ 4,817,314 $ 3,516 $ 9,129,338 $ (9,185) $ 171,585 $ (4,477,940) $ 59,780
Redeemable Non-controlling Interests, beginning balance at Mar. 31, 2025 4,627              
Redeemable Non-controlling Interests                
Adjustments to redemption value of redeemable non-controlling interests (295)              
Redeemable Non-controlling Interests, ending balance at Jun. 30, 2025 $ 4,332