XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue from tenants $ 203,286 $ 95,844 $ 409,331 $ 190,176
Expenses:        
Property operating 35,533 9,033 73,363 17,179
Operating fees to related parties 0 10,110 0 20,211
Impairment charges 27,402 0 31,729 0
Merger, transaction and other costs 1,572 6,279 2,333 6,378
Settlement costs 0 15,084 0 15,084
General and administrative 15,196 10,683 31,373 16,343
Equity-based compensation 2,340 2,870 4,313 5,795
Depreciation and amortization 89,493 37,297 181,493 74,326
Total expenses 171,536 91,356 324,604 155,316
Operating income before gain on dispositions of real estate investments 31,750 4,488 84,727 34,860
Gain on dispositions of real estate investments 34,102 0 39,969 0
Operating income 65,852 4,488 124,696 34,860
Other income (expense):        
Interest expense (89,815) (27,710) (172,568) (54,675)
Loss on extinguishment of debt (13,090) (404) (13,148) (404)
Gain (loss) on derivative instruments 530 (774) 2,118 (2,430)
Unrealized gains on undesignated foreign currency advances and other hedge ineffectiveness 300 0 1,332 0
Other income 309 1,650 293 1,716
Total other expense, net (101,766) (27,238) (181,973) (55,793)
Net loss before income tax (35,914) (22,750) (57,277) (20,933)
Income tax expense 250 (3,508) (2,138) (6,215)
Net loss (35,664) (26,258) (59,415) (27,148)
Preferred stock dividends (10,936) (5,099) (21,872) (10,198)
Net loss attributable to common stockholders $ (46,600) $ (31,357) $ (81,287) $ (37,346)
Basic and Diluted Loss Per Share:        
Net loss per share attributable to common stockholders — Basic (in dollars per share) $ (0.20) $ (0.30) $ (0.35) $ (0.36)
Net loss per share attributable to common stockholders — Diluted (in dollars per share) $ (0.20) $ (0.30) $ (0.35) $ (0.36)
Weighted average common shares outstanding:        
Weighted average shares outstanding — Basic (in shares) 230,380,574 104,148,850 230,350,148 103,966,910
Weighted average shares outstanding — Diluted (in shares) 230,380,574 104,148,850 230,350,148 103,966,910