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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue from tenants $ 124,905 $ 145,464 $ 257,320 $ 293,344
Expenses:        
Property operating 12,018 15,934 25,971 33,730
Impairment charges 9,812 27,402 70,127 31,729
Merger, transaction and other costs 2,002 1,576 3,581 2,329
General and administrative 11,339 13,746 27,542 28,409
Equity-based compensation 3,338 2,340 6,431 4,313
Depreciation and amortization 45,636 56,654 101,970 113,826
Goodwill impairment 0 0 7,134 0
Total expenses 84,145 117,652 242,756 214,336
Operating income before gain (loss) on dispositions of real estate investments 40,760 27,812 14,564 79,008
Gain (loss) on dispositions of real estate investments 1,537 34,114 (141) 39,982
Operating income 42,297 61,926 14,423 118,990
Other income (expense):        
Interest expense (53,348) (71,984) (106,785) (136,577)
Loss on extinguishment and modification of debt (4,348) (13,089) (4,766) (13,147)
(Loss) gain on derivative instruments (8,823) 509 (12,679) 2,097
Unrealized (losses) gains on undesignated foreign currency advances and other hedge ineffectiveness (6,324) 300 (12,675) 1,332
Other income 1,683 345 1,731 305
Total other expense, net (71,160) (83,919) (135,174) (145,990)
Net loss before income tax (28,863) (21,993) (120,751) (27,000)
Income tax (expense) benefit (2,995) 250 (6,275) (2,108)
Loss from continuing operations (31,858) (21,743) (127,026) (29,108)
Income (loss) from discontinued operations 7,715 (13,921) (86,496) (30,307)
Net loss (24,143) (35,664) (213,522) (59,415)
Preferred stock dividends (10,936) (10,936) (21,872) (21,872)
Net loss attributable to common stockholders $ (35,079) $ (46,600) $ (235,394) $ (81,287)
Basic and Diluted Loss Per Share:        
Net loss per share from continuing operations, basic (in dollars per share) $ (0.19) $ (0.14) $ (0.66) $ (0.22)
Net loss per share from continuing operations, diluted (in dollars per share) (0.19) (0.14) (0.66) (0.22)
Net loss per share from discontinued operations, basic (in dollars per share) 0.03 (0.06) (0.38) (0.13)
Net loss per share from discontinued operations, diluted (in dollars per share) 0.03 (0.06) (0.38) (0.13)
Net loss per share attributable to common stockholders — Basic (in dollars per share) (0.16) (0.20) (1.04) (0.35)
Net loss per share attributable to common stockholders — Diluted (in dollars per share) $ (0.16) $ (0.20) $ (1.04) $ (0.35)
Weighted average common shares outstanding:        
Weighted average shares outstanding — Basic (in shares) 222,960,030 230,380,574 226,591,693 230,350,148
Weighted average shares outstanding — Diluted (in shares) 222,960,030 230,380,574 226,591,693 230,350,148