XML 22 R4.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total revenues $ 1,754,318 $ 1,579,348 $ 642,905
Expenses      
Property operating 748,522 650,594 248,651
General and administrative 45,144 44,708 25,404
Management fees 153,411 167,100 62,237
Performance participation allocation   102,348 204,225
Impairment of investments in real estate 188,804 0 0
Depreciation and amortization 811,788 848,943 330,455
Total expenses 1,947,669 1,813,693 870,972
Other (expense) income      
(Loss) income from unconsolidated real estate ventures (11,624) 12,189 (615)
Income from investments in real estate debt 123,138 99,787 45,156
Net gain on dispositions of real estate 289,818    
Interest expense (583,476) (428,853) (134,127)
Loss on extinguishment of debt (93) (313)  
Other (expense) income, net (299,930) 485,608 13,210
Total other (expense) income (482,167) 168,418 (76,376)
Net income (loss) (675,518) (65,927) (304,443)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures (3,350) (1,927) 434
Net loss attributable to non-controlling interests in Operating Partnership 29,165 2,146 1,758
Net income (loss) attributable to stockholders $ (649,703) $ (65,708) $ (302,251)
Net loss per share of common stock, basic $ (1.39) $ (0.14) $ (1.49)
Net loss per share of common stock, diluted $ (1.39) $ (0.14) $ (1.49)
Weighted-average shares of common stock outstanding, basic 467,332,784 469,864,983 203,300,648
Weighted-average shares of common stock outstanding, diluted 467,332,784 469,864,983 203,300,648
Comprehensive loss:      
Net loss $ (675,518) $ (65,927) $ (304,443)
Other comprehensive income (loss) item:      
Foreign currency translation adjustments 8,578 (23,777) (530)
Other comprehensive income (loss) 8,578 (23,777) (530)
Comprehensive loss (666,940) (89,704) (304,973)
Rental revenue      
Revenues      
Total revenues 1,695,917 1,520,655 604,574
Other revenue      
Revenues      
Total revenues $ 58,401 $ 58,693 $ 38,331