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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Rental income $ 1,138,056 $ 1,232,776 $ 1,309,184
Interest income 14,275 16,383 17,134
Other operating 28,215 19,157 17,451
Total Revenue 1,180,546 1,268,316 1,343,769
Expenses      
Property operating 449,075 473,444 500,437
General and administrative 72,569 83,121 58,405
Transaction costs 2,029 3,122 2,026
Merger-related costs 0 0 (1,952)
Depreciation and amortization 563,966 675,152 730,709
Total expenses 1,087,639 1,234,839 1,289,625
Other income (expense)      
Gain on sales of real estate properties and other assets 235,389 109,753 77,546
Interest expense (208,989) (242,425) (258,584)
(Loss) gain on extinguishment of debt (451) (237) 62
Impairment of real estate properties and credit loss reserves (364,598) (313,547) (154,912)
Impairment of goodwill 0 (250,530) 0
Equity loss from unconsolidated joint ventures (188) (135) (1,682)
Interest and other (expense) income, net (3,555) (260) 1,343
Total other income (expense) (342,392) (697,381) (336,227)
Net loss (249,485) (663,904) (282,083)
Net loss attributable to non-controlling interests 3,414 9,419 3,822
Net loss attributable to common stockholders $ (246,071) $ (654,485) $ (278,261)
Basic and diluted earnings per share:      
Basic earnings per common share (in dollars per share) $ (0.71) $ (1.81) $ (0.74)
Diluted earnings per common share (in dollars per share) $ (0.71) $ (1.81) $ (0.74)
Weighted average number of shares outstanding, basic and diluted:      
Weighted average common shares outstanding - basic (in shares) 349,797,750 365,553,056 378,927,871
Weighted average common shares outstanding - diluted (in shares) 349,797,750 365,553,056 378,927,871
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member]