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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 14,852 14,852   14,849        
Share-based compensation     3          
Common stock repurchases (423,070) (423,070) (257) (422,813)        
Redemption of non-controlling interest (625)             (625)
Net loss (555,692) (547,639)       (547,639)   (8,053)
Reclassification adjustments for (losses) gains included in net income (interest expense) (11,169) (11,012)     (11,012)     (157)
Gains (losses) arising during the period on interest rate swaps 4,839 4,790     4,790     49
Dividends to common stockholders and distributions to non-controlling interest holders (352,543) (348,535)         (348,535) (4,008)
Ending balance at Sep. 30, 2024 5,595,472 5,515,426 3,558 9,198,004 (16,963) 481,155 (4,150,328) 80,046
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 Sep. 30, 2024 3,875              
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 7,908 7,908   7,908        
Common stock repurchases (150,017) (150,017) (85) (149,932)        
Redemption of non-controlling interest (625)             (625)
Net loss (94,535) (93,023)       (93,023)   (1,512)
Reclassification adjustments for (losses) gains included in net income (interest expense) (3,641) (3,588)     (3,588)     (53)
Gains (losses) arising during the period on interest rate swaps (20,662) (20,361)     (20,361)     (301)
Dividends to common stockholders and distributions to non-controlling interest holders (113,773) (112,635)         (112,635) (1,138)
Ending balance at Sep. 30, 2024 5,595,472 5,515,426 3,558 9,198,004 (16,963) 481,155 (4,150,328) 80,046
Redeemable Non-controlling Interests, beginning balance at Jun. 30, 2024 3,875              
Redeemable Non-controlling Interests, ending balance at Sep. 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 (3,628) (3,628) (2) (3,626)        
Conversion of OP Units to common stock 0 334 2 332       (334)
Share-based compensation 19,035 19,035   19,024        
Share-based compensation     11          
Redemption of non-controlling interest (677)             (677)
Net loss (264,160) (260,462)       (260,462)   (3,698)
Reclassification adjustments for (losses) gains included in net income (interest expense) (123) (121)     (121)     (2)
Gains (losses) arising during the period on interest rate swaps (5,242) (5,172)     (5,172)     (70)
Adjustments to redemption value of redeemable non-controlling interests 527 527   527        
Dividends to common stockholders and distributions to non-controlling interest holders (306,314) (302,440)         (302,440) (3,874)
Ending balance at Sep. 30, 2025 4,740,514 4,682,934 3,516 9,134,486 (6,461) 113,847 (4,562,454) 57,580
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 Sep. 30, 2025 4,332              
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock redemptions (2,085) (2,085) (1) (2,084)        
Conversion of OP Units to common stock 0   1 (1)        
Share-based compensation 7,233 7,233   7,233        
Redemption of non-controlling interest (346)             (346)
Net loss (58,544) (57,738)       (57,738)   (806)
Reclassification adjustments for (losses) gains included in net income (interest expense) 1,798 1,773     1,773     25
Gains (losses) arising during the period on interest rate swaps 964 951     951     13
Dividends to common stockholders and distributions to non-controlling interest holders (85,600) (84,514)         (84,514) (1,086)
Ending balance at Sep. 30, 2025 4,740,514 $ 4,682,934 $ 3,516 $ 9,134,486 $ (6,461) $ 113,847 $ (4,562,454) $ 57,580
Redeemable Non-controlling Interests, beginning balance at Jun. 30, 2025 4,332              
Redeemable Non-controlling Interests, ending balance at Sep. 30, 2025 $ 4,332