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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Director
Preferred Shares
Common Shares
Total Shareholders' Equity
Total Shareholders' Equity
Director
Total Shareholders' Equity
Preferred Shares
Total Shareholders' Equity
Common Shares
Preferred Shares
Preferred Shares
Preferred Shares
Common Shares
Common Shares
Director
Common Shares
Common Shares
Additional Paid-In Capital
Additional Paid-In Capital
Director
Additional Paid-In Capital
Preferred Shares
Additional Paid-In Capital
Common Shares
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Retained Earnings
Distributions in Excess of Retained Earnings
Preferred Shares
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]                                          
Repurchase of shares (in shares)                     (1,242,644)                    
Repurchase of shares (16,851)       (16,851)           $ (13)     (16,838)              
Share-based compensation (in shares)                     289,192 47,497                  
Share-based compensation 10,084 $ 745     6,993 $ 745         $ 3 $ 1   6,990 $ 744           3,091
Distributions on common shares/units (3,671)       (3,624)                           (3,624)   (47)
Distributions on preferred shares/units (35,386)       (31,894)                           (31,894)   (3,492)
Other comprehensive income (loss):                                          
Change in fair value of derivative instruments 5,067       5,188                         5,188     (121)
Amounts reclassified from other comprehensive income (18,299)       (18,299)                         (18,299)      
Net income (loss) 49,864       46,243                           46,243   3,621
Ending balance (in shares) at Sep. 30, 2024                 27,600,000   119,285,394                    
Ending balance at Sep. 30, 2024 2,841,898       2,752,001       $ 276   $ 1,193     4,069,808       11,263 (1,330,539)   89,897
Beginning balance (in shares) at Jun. 30, 2024                 27,600,000   120,094,380                    
Beginning balance at Jun. 30, 2024 2,834,435       2,745,759       $ 276   $ 1,201     4,077,360       29,281 (1,362,359)   88,676
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Repurchase of shares (in shares)                     (854,993)                    
Repurchase of shares (10,000)       (10,000)           $ (9)     (9,991)              
Share-based compensation (in shares)                     46,007                    
Share-based compensation 3,501       2,440           $ 1     2,439             1,061
Distributions on common shares/units (1,216)       (1,206)                           (1,206)   (10)
Distributions on preferred shares/units (11,795)       (10,631)                           (10,631)   (1,164)
Other comprehensive income (loss):                                          
Change in fair value of derivative instruments (12,177)       (12,023)                         (12,023)     (154)
Amounts reclassified from other comprehensive income (5,995)       (5,995)                         (5,995)      
Net income (loss) 45,145       43,657                           43,657   1,488
Ending balance (in shares) at Sep. 30, 2024                 27,600,000   119,285,394                    
Ending balance at Sep. 30, 2024 2,841,898       2,752,001       $ 276   $ 1,193     4,069,808       11,263 (1,330,539)   89,897
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)              
Repurchase of shares (in shares)                   (57,843)     (5,719,480)                
Repurchase of shares     $ (1,064) $ (65,611)     $ (1,064) $ (65,611)   $ (1)     $ (58)     $ (1,375) $ (65,553)     $ 312  
Share-based compensation (in shares)                     221,181 54,451                  
Share-based compensation 10,263 $ 745     6,623 $ 745         $ 2 $ 1   6,621 $ 744           3,640
Distributions on common shares/units (3,585)       (3,533)                           (3,533)   (52)
Distributions on preferred shares/units (35,366)       (31,874)                           (31,874)   (3,492)
Purchases of capped calls in connection with convertible senior notes (27,240)       (27,240)                 (27,240)              
Other comprehensive income (loss):                                          
Change in fair value of derivative instruments (1,315)       (1,298)                 (36)       (1,262)     (17)
Amounts reclassified from other comprehensive income (11,823)       (11,823)                         (11,823)      
Net income (loss) (45,248)       (47,958)                           (47,958)   2,710
Ending balance (in shares) at Sep. 30, 2025                 27,542,157   113,841,546                    
Ending balance at Sep. 30, 2025 2,607,589       2,514,350       $ 275   $ 1,138     3,985,385       3,465 (1,475,913)   93,239
Beginning balance (in shares) at Jun. 30, 2025                 27,600,000   118,166,806                    
Beginning balance at Jun. 30, 2025 2,731,101       2,638,604       $ 276   $ 1,182     4,061,670       6,870 (1,431,394)   92,497
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Repurchase of shares (in shares)                   (57,843)     (4,325,260)                
Repurchase of shares     $ (1,064) $ (49,999)     $ (1,064) $ (49,999)   $ (1)     $ (44)     $ (1,375) $ (49,955)     $ 312  
Share-based compensation 3,521       2,285                 2,285             1,236
Distributions on common shares/units (1,165)       (1,153)                           (1,153)   (12)
Distributions on preferred shares/units (11,775)       (10,611)                           (10,611)   (1,164)
Purchases of capped calls in connection with convertible senior notes (27,240)       (27,240)                 (27,240)              
Other comprehensive income (loss):                                          
Change in fair value of derivative instruments 647       679                         679     (32)
Amounts reclassified from other comprehensive income (4,084)       (4,084)                         (4,084)      
Net income (loss) (32,353)       (33,067)                           (33,067)   714
Ending balance (in shares) at Sep. 30, 2025                 27,542,157   113,841,546                    
Ending balance at Sep. 30, 2025 $ 2,607,589       $ 2,514,350       $ 275   $ 1,138     $ 3,985,385       $ 3,465 $ (1,475,913)   $ 93,239