XML 87 R76.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Reporting - Segment’s Income to Consolidated Net (Loss) Income Attributable to Common Stockholders (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]                
Revenue from tenants $ 121,013     $ 138,666     $ 378,333 $ 432,010
Total net operating income (14,182)     12,846     241 131,836
Impairment charges (55,433) $ (9,800) $ (60,300) (38,483) $ (27,400) $ (4,300) (125,560) (70,212)
Merger, transaction and other costs (1,623)     (1,901)     (5,204) (4,230)
General and administrative (11,834)     (10,937)     (39,376) (39,346)
Equity-based compensation (3,059)     (2,309)     (9,490) (6,622)
Depreciation and amortization (44,780)     (52,746)     (146,750) (166,572)
Goodwill impairment 0     0     (7,134) 0
(Loss) gain on dispositions of real estate investments (5,797)     (4,280)     (5,938) 35,702
Interest expense (45,307)     (59,504)     (152,092) (196,081)
Loss on extinguishment of debt (4,121)     (317)     (8,887) (13,464)
Gain (Loss) on derivative instruments 2,271     (4,747)     (10,408) (2,650)
Unrealized income (loss) on undesignated foreign currency advances and other hedge ineffectiveness 31     0     (12,644) 1,332
Other income 1,820     76     3,551 381
Net loss before income tax (59,488)     (51,646)     (180,239) (78,646)
Income tax expense (3,092)     (1,312)     (9,367) (3,420)
Loss from continuing operations (62,580)     (52,958)     (189,606) (82,066)
Income (loss) from discontinued operations 2,464     (12,677)     (84,032) (42,984)
Net loss (60,116)     (65,635)     (273,638) (125,050)
Preferred stock dividends (10,935)     (10,936)     (32,807) (32,808)
Net loss attributable to common stockholders (71,051)     (76,571)     (306,445) (157,858)
Operating Segments                
Segment Reporting Information [Line Items]                
Revenue from tenants 121,013     138,666     378,333 432,010
Total net operating income 108,344     123,502     339,693 383,116
Industrial & Distribution                
Segment Reporting Information [Line Items]                
Revenue from tenants 56,698     59,654     169,705 183,084
Total net operating income 52,105     54,160     155,606 167,958
Industrial & Distribution | Operating Segments                
Segment Reporting Information [Line Items]                
Revenue from tenants 56,698     59,654     169,705 183,084
Total net operating income 52,105     54,160     155,606 167,958
Retail                
Segment Reporting Information [Line Items]                
Revenue from tenants 30,292     39,602     102,606 122,886
Total net operating income 26,242     36,691     91,662 110,917
Retail | Operating Segments                
Segment Reporting Information [Line Items]                
Revenue from tenants 30,292     39,602     102,606 122,886
Total net operating income 26,242     36,691     91,662 110,917
Office                
Segment Reporting Information [Line Items]                
Revenue from tenants 34,023     35,029     106,022 104,796
Total net operating income 29,997     30,068     92,425 90,457
Office | Operating Segments                
Segment Reporting Information [Line Items]                
Revenue from tenants 34,023     35,029     106,022 104,796
Total net operating income 29,997     30,068     92,425 90,457
Multi-Tenant Retail                
Segment Reporting Information [Line Items]                
Revenue from tenants 0     4,381     0 21,244
Total net operating income 0     2,583     0 13,784
Multi-Tenant Retail | Operating Segments                
Segment Reporting Information [Line Items]                
Revenue from tenants 0     4,381     0 21,244
Total net operating income $ 0     $ 2,583     $ 0 $ 13,784