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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Rental income $ 114,499 $ 123,686 $ 228,114 $ 263,121
Expenses:        
Real estate taxes 12,111 14,727 25,569 30,436
Utility expenses 5,683 5,762 13,250 13,913
Other operating expenses 31,237 27,151 62,442 54,478
Depreciation and amortization 43,838 50,391 87,571 100,732
Loss on impairment of real estate 2,426 131,732 2,426 131,732
Transaction related costs 3,940 0 4,816 233
General and administrative 4,816 5,290 9,874 10,934
Total expenses 104,051 235,053 205,948 342,458
Gain (loss) on sale of real estate 159 (64) (4,578) (2,448)
Interest and other income 788 226 1,950 1,583
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $11,364, $3,634, $23,283 and $7,078 respectively) (52,507) (38,349) (105,885) (73,825)
Net gain (loss) on early extinguishment of debt 148 225,798 (95) 225,373
(Loss) income before income tax (expense) benefit and equity in net losses of investees (40,964) 76,244 (86,442) 71,346
Income tax (expense) benefit (94) 107 (231) 51
Equity in net losses of investees (128) (180) (380) (410)
Net (loss) income $ (41,186) $ 76,171 $ (87,053) $ 70,987
Weighted average common shares outstanding (basic) (in shares) 71,282 48,648 70,275 48,557
Weighted average common shares outstanding (diluted) (in shares) 71,282 48,648 70,275 48,557
Per common share amounts (basic and diluted):        
Net (loss) income (basic) (in dollars per share) $ (0.58) $ 1.56 $ (1.24) $ 1.45
Net (loss) income (diluted) (in dollars per share) $ (0.58) $ 1.56 $ (1.24) $ 1.45