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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Rental income $ 287,399 $ 306,499 $ 863,326 $ 932,710
Interest income 3,480 3,904 10,660 12,307
Other operating 6,886 5,020 20,257 13,533
Revenues 297,765 315,423 894,243 958,550
Expenses        
Property operating 113,456 120,232 338,343 359,030
General and administrative 21,771 20,124 58,782 48,913
Transaction costs 125 719 1,729 1,545
Depreciation and amortization 137,841 163,226 436,558 514,821
Expenses 273,193 304,301 835,412 924,309
Other income (expense)        
Gain on sales of real estate properties and other assets 76,771 39,310 99,678 77,670
Interest expense (52,642) (60,649) (160,800) (184,159)
Loss on extinguishment of debt (286) 0 (286) 0
Impairment of real estate properties and credit loss reserves (104,362) (84,394) (258,791) (232,450)
Impairment of goodwill 0 0 0 (250,530)
Equity income (loss) from unconsolidated joint ventures 287 208 446 (360)
Interest and other (expense) income, net (2,884) (132) (3,154) (104)
Total other income (expense) (83,116) (105,657) (322,907) (589,933)
Net loss (58,544) (94,535) (264,076) (555,692)
Net loss attributable to non-controlling interests 806 1,512 3,614 8,053
Net loss attributable to common stockholders $ (57,738) $ (93,023) $ (260,462) $ (547,639)
Basic earnings per common share (in dollars per share) $ (0.17) $ (0.26) $ (0.75) $ (1.49)
Diluted earnings per common share (in dollars per share) $ (0.17) $ (0.26) $ (0.75) $ (1.49)
Weighted average common shares outstanding - basic (in shares) 349,964,005 358,959,830 349,711,994 370,254,198
Weighted average common shares outstanding - diluted (in shares) 349,964,005 358,959,830 349,711,994 370,254,198
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]