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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Shareholders’ Equity
Common Shares
Additional Paid-In Capital
Cumulative Distributions
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non- controlling Interests
Beginning balance (in shares) at Dec. 31, 2022     35,999,898          
Beginning balance at Dec. 31, 2022 $ 1,857,323 $ 1,682,668 $ 36 $ 2,948,600 $ (1,036,678) $ (269,926) $ 40,636 $ 174,655
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Deferred equity compensation (in shares)     13,620          
Deferred equity compensation 2,556 2,556   2,556        
Shares acquired to satisfy employee tax withholding requirements on vesting RSUs (in shares)     (5,700)          
Shares acquired to satisfy employee tax withholding requirements on vesting RSUs (381) (381)   (381)        
Cash distributions to common shareholders (14,873) (14,873)     (14,873)      
Repurchase of common shares (in shares)     (896)          
Repurchase of common shares (60) (60)   (60)        
Reclass of noncontrolling interest subject to redemption 10             10
Distributions to noncontrolling interests (1,435)             (1,435)
Distributions to noncontrolling interests subject to redemption (2)             (2)
Offering costs (9) (9)   (9)        
Net income (loss) 6,618 6,033       6,033   585
Other comprehensive income (loss) (7,445) (6,789)         (6,789) (656)
Ending balance (in shares) at Mar. 31, 2023     36,006,922          
Ending balance at Mar. 31, 2023 1,842,302 1,669,145 $ 36 2,950,706 (1,051,551) (263,893) 33,847 173,157
Beginning balance (in shares) at Dec. 31, 2022     35,999,898          
Beginning balance at Dec. 31, 2022 $ 1,857,323 1,682,668 $ 36 2,948,600 (1,036,678) (269,926) 40,636 174,655
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exchange of noncontrolling interests               (27,169)
Reclass of redeemable non-controlling interest               3,801
Distributions to noncontrolling interests               (2,989)
Distributions to noncontrolling interests subject to redemption               (728)
Net income (loss)               (54,555)
Other comprehensive income (loss)               (1,396)
Ending balance (in shares) at Dec. 31, 2023 36,304,145   36,304,145          
Ending balance at Dec. 31, 2023 $ 1,203,713 1,112,084 $ 36 2,990,085 (1,076,000) (827,854) 25,817 91,629
Beginning balance (in shares) at Mar. 31, 2023     36,006,922          
Beginning balance at Mar. 31, 2023 1,842,302 1,669,145 $ 36 2,950,706 (1,051,551) (263,893) 33,847 173,157
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Deferred equity compensation (in shares)     33,092          
Deferred equity compensation 4,034 4,034   4,034        
Shares acquired to satisfy employee tax withholding requirements on vesting RSUs (in shares)     (49,738)          
Shares acquired to satisfy employee tax withholding requirements on vesting RSUs (1,069) (1,069)   (1,069)        
Cash distributions to common shareholders (8,117) (8,117)     (8,117)      
Exchange of noncontrolling interests (in shares)     4,188          
Exchange of noncontrolling interests 0 370   370       (370)
Share class conversion (in shares)     (69,988)          
Reclass of redeemable non-controlling interest 3,801             3,801
Distributions to noncontrolling interests (776)             (776)
Distributions to noncontrolling interests subject to redemption (1)             (1)
Offering costs 4,970 4,970   4,970        
Net income (loss) (457,385) (416,476)       (416,476)   (40,909)
Other comprehensive income (loss) 7,067 6,435         6,435 632
Ending balance (in shares) at Jun. 30, 2023     35,924,476          
Ending balance at Jun. 30, 2023 $ 1,394,826 1,259,292 $ 36 2,959,011 (1,059,668) (680,369) 40,282 135,534
Beginning balance (in shares) at Dec. 31, 2023 36,304,145   36,304,145          
Beginning balance at Dec. 31, 2023 $ 1,203,713 1,112,084 $ 36 2,990,085 (1,076,000) (827,854) 25,817 91,629
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Deferred equity compensation (in shares)     41,674          
Deferred equity compensation 1,579 1,579   1,579        
Shares acquired to satisfy employee tax withholding requirements on vesting RSUs (in shares)     (4,875)          
Shares acquired to satisfy employee tax withholding requirements on vesting RSUs (79) (79)   (79)        
Cash distributions to common shareholders (8,273) (8,273)     (8,273)      
Exchange of noncontrolling interests (in shares)     5,664          
Exchange of noncontrolling interests 0 486   486       (486)
Distributions to noncontrolling interests (723)             (723)
Net income (loss) 5,470 5,025       5,025   445
Other comprehensive income (loss) 133 121         121 12
Ending balance (in shares) at Mar. 31, 2024     36,346,608          
Ending balance at Mar. 31, 2024 $ 1,201,820 1,110,943 $ 36 2,992,071 (1,084,273) (822,829) 25,938 90,877
Beginning balance (in shares) at Dec. 31, 2023 36,304,145   36,304,145          
Beginning balance at Dec. 31, 2023 $ 1,203,713 1,112,084 $ 36 2,990,085 (1,076,000) (827,854) 25,817 91,629
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exchange of noncontrolling interests               (486)
Reclass of redeemable non-controlling interest               0
Distributions to noncontrolling interests               (1,447)
Distributions to noncontrolling interests subject to redemption               0
Net income (loss)               112
Other comprehensive income (loss)               (337)
Ending balance (in shares) at Jun. 30, 2024 36,370,740   36,370,740          
Ending balance at Jun. 30, 2024 $ 1,186,591 1,097,120 $ 37 2,994,303 (1,092,609) (826,597) 21,986 89,471
Beginning balance (in shares) at Mar. 31, 2024     36,346,608          
Beginning balance at Mar. 31, 2024 1,201,820 1,110,943 $ 36 2,992,071 (1,084,273) (822,829) 25,938 90,877
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Deferred equity compensation (in shares)     24,132          
Deferred equity compensation 2,233 2,233 $ 1 2,232        
Cash distributions to common shareholders (8,336) (8,336)     (8,336)      
Distributions to noncontrolling interests (724)             (724)
Net income (loss) (4,101) (3,768)       (3,768)   (333)
Other comprehensive income (loss) $ (4,301) (3,952)         (3,952) (349)
Ending balance (in shares) at Jun. 30, 2024 36,370,740   36,370,740          
Ending balance at Jun. 30, 2024 $ 1,186,591 $ 1,097,120 $ 37 $ 2,994,303 $ (1,092,609) $ (826,597) $ 21,986 $ 89,471