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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, 2022 $ 7,679,818 $ 7,571,076 $ 3,806 $ 9,587,637 $ 2,140 $ 1,307,055 $ (3,329,562) $ 108,742
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of stock, net of costs 130 130   130        
Common stock redemption (2,235) (2,235) (1) (2,234)        
Conversion of OP Units to common stock   2,776 2 2,774       (2,776)
Share-based compensation 14,288 14,288 3 14,285        
Net loss (282,083) (278,261)       (278,261)   (3,822)
Reclassification adjustments for gains (losses) included in net income (interest expense) (14,488) (14,315)     (14,315)     (173)
Gain on interest rate swaps and treasury locks 1,463 1,434     1,434     29
Dividends to common stockholders and distributions to non-controlling interest holders (477,979) (472,231)         (472,231) (5,748)
Ending 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
Redeemable Non-controlling Interests, beginning balance at Dec. 31, 2022 2,014              
Redeemable Non-controlling Interests                
Contributions from redeemable non-controlling interests 1,889              
Adjustments to redemption value of redeemable non-controlling interests (35)              
Redeemable Non-controlling Interests, ending balance at Dec. 31, 2023 3,868              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of stock, net of costs 104 104   104        
Common stock redemption (8,697) (8,697) (5) (8,692)        
Conversion of OP Units to common stock   3,412 3 3,409       (3,412)
Share-based compensation 31,824 31,824 5 31,819        
Common stock repurchases (510,423) (510,423) (308) (510,115)        
Redemption of non-controlling interest (11,930)             (11,930)
Net loss (663,904)              
Net (loss) gain (663,921) (654,485)       (654,485)   (9,436)
Reclassification adjustments for gains (losses) included in net income (interest expense) (13,137) (12,954)     (12,954)     (183)
Gain on interest rate swaps and treasury locks 22,809 22,527     22,527     282
Adjustments to redemption value of redeemable non-controlling interests (888) (888)   (888)        
Dividends to common stockholders and distributions to non-controlling interest holders (463,559) (458,221)         (458,221) (5,338)
Ending 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
Redeemable Non-controlling Interests                
Net (loss) gain 17              
Contributions from redeemable non-controlling interests 13              
Adjustments to redemption value of redeemable non-controlling interests 880              
Redeemable Non-controlling Interests, ending balance at Dec. 31, 2024 4,778              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock redemption (4,068) (4,068) (2) (4,066)        
Conversion of OP Units to common stock   334 2 332       (334)
Share-based compensation 22,387 22,387 11 22,376        
Redemption of non-controlling interest (834)              
Net loss (249,485)              
Net (loss) gain (249,569) (246,071)       (246,071)   (3,498)
Reclassification adjustments for gains (losses) included in net income (interest expense) 1,043 1,029     1,029     14
Gain on interest rate swaps and treasury locks (5,102) (5,035)     (5,035)     (67)
Adjustments to redemption value of redeemable non-controlling interests 386 386   386        
Dividends to common stockholders and distributions to non-controlling interest holders (391,966) (386,930)         (386,930) (5,036)
Ending balance at Dec. 31, 2025 4,673,373 $ 4,616,893 $ 3,516 $ 9,137,257 $ (5,174) $ 128,238 $ (4,646,944) $ 56,480
Redeemable Non-controlling Interests                
Net (loss) gain 84              
Adjustments to redemption value of redeemable non-controlling interests (1,610)              
Redeemable Non-controlling Interests, ending balance at Dec. 31, 2025 $ 3,252