XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total Shareholders' Equity
Preferred Shares
Common Shares
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Retained Earnings
Non-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2023     27,600,000 120,191,349        
Beginning balance at Dec. 31, 2023 $ 2,850,345 $ 2,763,500 $ 276 $ 1,202 $ 4,078,912 $ 24,374 $ (1,341,264) $ 86,845
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common shares for Board of Trustees compensation (in shares)       47,497        
Issuance of common shares for Board of Trustees compensation 745 745   $ 1 744      
Repurchase of common shares (in shares)       (387,651)        
Repurchase of common shares (6,851) (6,851)   $ (4) (6,847)      
Share-based compensation (in shares)       243,185        
Share-based compensation 6,583 4,553   $ 2 4,551     2,030
Distributions on common shares/units (2,455) (2,418)         (2,418) (37)
Distributions on preferred shares/units (23,591) (21,263)         (21,263) (2,328)
Other comprehensive income (loss):                
Change in fair value of derivative instruments 17,244 17,211       17,211   33
Amounts reclassified from other comprehensive income (12,304) (12,304)       (12,304)    
Net income (loss) 4,719 2,586         2,586 2,133
Ending balance (in shares) at Jun. 30, 2024     27,600,000 120,094,380        
Ending balance at Jun. 30, 2024 2,834,435 2,745,759 $ 276 $ 1,201 4,077,360 29,281 (1,362,359) 88,676
Beginning balance (in shares) at Mar. 31, 2024     27,600,000 120,094,380        
Beginning balance at Mar. 31, 2024 2,813,509 2,725,992 $ 276 $ 1,201 4,074,898 31,067 (1,381,450) 87,517
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 3,523 2,462     2,462     1,061
Distributions on common shares/units (1,239) (1,213)         (1,213) (26)
Distributions on preferred shares/units (11,796) (10,632)         (10,632) (1,164)
Other comprehensive income (loss):                
Change in fair value of derivative instruments 4,168 4,183       4,183   (15)
Amounts reclassified from other comprehensive income (5,969) (5,969)       (5,969)    
Net income (loss) 32,239 30,936         30,936 1,303
Ending balance (in shares) at Jun. 30, 2024     27,600,000 120,094,380        
Ending balance at Jun. 30, 2024 2,834,435 2,745,759 $ 276 $ 1,201 4,077,360 29,281 (1,362,359) 88,676
Beginning balance (in shares) at Dec. 31, 2024     27,600,000 119,285,394        
Beginning balance at Dec. 31, 2024 2,787,874 2,697,424 $ 276 $ 1,193 4,072,265 16,550 (1,392,860) 90,450
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of shares, net of offering costs (41) (41)     (41)      
Issuance of common shares for Board of Trustees compensation (in shares)       54,451        
Issuance of common shares for Board of Trustees compensation 745 745   $ 1 744      
Repurchase of common shares (in shares)       (1,394,220)        
Repurchase of common shares (15,612) (15,612)   $ (14) (15,598)      
Share-based compensation (in shares)       221,181        
Share-based compensation 6,742 4,338   $ 2 4,336     2,404
Distributions on common shares/units (2,420) (2,380)         (2,380) (40)
Distributions on preferred shares/units (23,591) (21,263)         (21,263) (2,328)
Other comprehensive income (loss):                
Change in fair value of derivative instruments (1,962) (1,977)     (36) (1,941)   15
Amounts reclassified from other comprehensive income (7,739) (7,739)       (7,739)    
Net income (loss) (12,895) (14,891)         (14,891) 1,996
Ending balance (in shares) at Jun. 30, 2025     27,600,000 118,166,806        
Ending balance at Jun. 30, 2025 2,731,101 2,638,604 $ 276 $ 1,182 4,061,670 6,870 (1,431,394) 92,497
Beginning balance (in shares) at Mar. 31, 2025     27,600,000 118,278,405        
Beginning balance at Mar. 31, 2025 2,726,416 2,635,155 $ 276 $ 1,183 4,060,426 10,892 (1,437,622) 91,261
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of shares, net of offering costs (41) (41)     (41)      
Repurchase of common shares (in shares)       (111,599)        
Repurchase of common shares (1,000) (1,000)   $ (1) (999)      
Share-based compensation 3,522 2,284     2,284     1,238
Distributions on common shares/units (1,224) (1,196)         (1,196) (28)
Distributions on preferred shares/units (11,796) (10,632)         (10,632) (1,164)
Other comprehensive income (loss):                
Change in fair value of derivative instruments (122) (83)       (83)   (39)
Amounts reclassified from other comprehensive income (3,939) (3,939)       (3,939)    
Net income (loss) 19,285 18,056         18,056 1,229
Ending balance (in shares) at Jun. 30, 2025     27,600,000 118,166,806        
Ending balance at Jun. 30, 2025 $ 2,731,101 $ 2,638,604 $ 276 $ 1,182 $ 4,061,670 $ 6,870 $ (1,431,394) $ 92,497