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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/ Earnings
Accumulated Other Comprehensive Income (Loss)
Non- controlling Interests
Beginning balance (in shares) at Dec. 31, 2023     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]                
Share-based compensation (in shares)     41,674          
Share-based compensation 1,579 1,579   1,579        
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (in shares)     (4,875)          
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (79) (79)   (79)        
Dividends declared 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 interest (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          
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 (1,058)              
Distributions to noncontrolling interest (2,168)              
Net income (loss) (25,180)              
Ending balance (in shares) at Sep. 30, 2024     36,377,254          
Ending balance at Sep. 30, 2024 1,132,171 1,047,843 $ 37 2,996,900 (1,100,893) (850,992) 2,791 84,328
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]                
Share-based compensation (in shares)     24,132          
Share-based compensation 2,233 2,233 $ 1 2,232        
Dividends declared to common shareholders (8,336) (8,336)     (8,336)      
Distributions to noncontrolling interest (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          
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 2,025 2,025   2,025        
Dividends declared to common shareholders (8,284) (8,284)     (8,284)      
Exchange of noncontrolling interests (in shares)     6,514          
Exchange of noncontrolling interests 0 572   572       (572)
Distributions to noncontrolling interest (721)             (721)
Net income (loss) (26,549) (24,395)       (24,395)   (2,154)
Other comprehensive income (loss) (20,891) (19,195)         (19,195) (1,696)
Ending balance (in shares) at Sep. 30, 2024     36,377,254          
Ending balance at Sep. 30, 2024 $ 1,132,171 1,047,843 $ 37 2,996,900 (1,100,893) (850,992) 2,791 84,328
Beginning balance (in shares) at Dec. 31, 2024 36,733,327   36,733,327          
Beginning balance at Dec. 31, 2024 $ 1,152,022 1,085,221 $ 37 3,016,804 (1,109,215) (838,279) 15,874 66,801
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation (in shares)     19,975          
Share-based compensation 1,452 1,452   1,452        
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (in shares)     (9,673)          
Shares withheld to satisfy employee tax withholding requirements on vesting restricted shares (113) (113)   (113)        
Dividends declared to common shareholders (8,410) (8,410)     (8,410)      
Exchange of noncontrolling interests (in shares)     18,541          
Exchange of noncontrolling interests 0 1,560   1,560       (1,560)
Distributions to noncontrolling interest (668)             (668)
Net income (loss) (53,401) (49,382)       (49,382)   (4,019)
Other comprehensive income (loss) (12,086) (11,176)         (11,176) (910)
Ending balance (in shares) at Mar. 31, 2025     36,762,170          
Ending balance at Mar. 31, 2025 $ 1,078,796 1,019,152 $ 37 3,019,703 (1,117,625) (887,661) 4,698 59,644
Beginning balance (in shares) at Dec. 31, 2024 36,733,327   36,733,327          
Beginning balance at Dec. 31, 2024 $ 1,152,022 1,085,221 $ 37 3,016,804 (1,109,215) (838,279) 15,874 66,801
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exchange of noncontrolling interests (2,646)              
Distributions to noncontrolling interest (1,628)              
Net income (loss) $ (336,381)              
Ending balance (in shares) at Sep. 30, 2025 36,790,867   36,790,867          
Ending balance at Sep. 30, 2025 $ 776,856 741,119 $ 37 3,024,078 (1,129,788) (1,149,462) (3,746) 35,737
Beginning balance (in shares) at Mar. 31, 2025     36,762,170          
Beginning balance at Mar. 31, 2025 1,078,796 1,019,152 $ 37 3,019,703 (1,117,625) (887,661) 4,698 59,644
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation (in shares)     17,047          
Share-based compensation 1,737 1,737   1,737        
Dividends declared to common shareholders (8,420) (8,420)     (8,420)      
Exchange of noncontrolling interests (in shares)     10,662          
Exchange of noncontrolling interests 0 956   956       (956)
Distributions to noncontrolling interest (665)             (665)
Net income (loss) (286,760) (265,300)       (265,300)   (21,460)
Other comprehensive income (loss) (8,451) (7,819)         (7,819) (632)
Ending balance (in shares) at Jun. 30, 2025     36,789,879          
Ending balance at Jun. 30, 2025 776,237 740,306 $ 37 3,022,396 (1,126,045) (1,152,961) (3,121) 35,931
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation (in shares)     0          
Share-based compensation 1,595 1,595   1,595        
Dividends declared to common shareholders (3,743) (3,743)     (3,743)      
Exchange of noncontrolling interests (in shares)     988          
Exchange of noncontrolling interests (43) 87   87       (130)
Distributions to noncontrolling interest (295)             (295)
Net income (loss) 3,780 3,499       3,499   281
Other comprehensive income (loss) $ (675) (625)         (625) (50)
Ending balance (in shares) at Sep. 30, 2025 36,790,867   36,790,867          
Ending balance at Sep. 30, 2025 $ 776,856 $ 741,119 $ 37 $ 3,024,078 $ (1,129,788) $ (1,149,462) $ (3,746) $ 35,737