v3.25.4
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Total Equity Attributable to Common Shareholders
Common shares
Additional Paid In Capital
Cumulative Net Income (Deficit)
Cumulative Other Comprehensive Income (Loss)
Cumulative Common Distributions
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022     65,568,145          
Beginning balance at Dec. 31, 2022 $ 1,330,771 $ 790,724 $ 656 $ 1,014,201 $ 117,185 $ 21,903 $ (363,221) $ 540,047
Increase (Decrease) in Stockholders' Equity                
Net loss (149,719) (107,989)     (107,989)     (41,730)
Share grants, repurchases and forfeitures (in shares)     275,242          
Share grants, repurchases and forfeitures 1,578 1,578 $ 2 1,576        
Distributions to common shareholders (2,627) (2,627)         (2,627)  
Other comprehensive (loss) gain (17,999) (11,732)       (11,732)   (6,267)
Distributions to noncontrolling interests (225)             (225)
Ending balance (in shares) at Dec. 31, 2023     65,843,387          
Ending balance at Dec. 31, 2023 1,161,779 669,954 $ 658 1,015,777 9,196 10,171 (365,848) 491,825
Increase (Decrease) in Stockholders' Equity                
Net loss (137,168) (95,669)     (95,669)     (41,499)
Share grants, repurchases and forfeitures (in shares)     300,921          
Share grants, repurchases and forfeitures 1,608 1,608 $ 3 1,605        
Distributions to common shareholders (2,638) (2,638)         (2,638)  
Other comprehensive (loss) gain (13,925) (11,236)       (11,236)   (2,689)
Distributions to noncontrolling interests $ (326)             (326)
Ending balance (in shares) at Dec. 31, 2024 66,144,308   66,144,308          
Ending balance at Dec. 31, 2024 $ 1,009,330 562,019 $ 661 1,017,382 (86,473) (1,065) (368,486) 447,311
Increase (Decrease) in Stockholders' Equity                
Net loss (102,568) (66,187)     (66,187)     (36,381)
Share grants, repurchases and forfeitures (in shares)     508,821          
Share grants, repurchases and forfeitures 1,609 1,609 $ 6 1,603        
Distributions to common shareholders (7,973) (7,973)         (7,973)  
Other comprehensive (loss) gain 360 229       229   131
Distributions to noncontrolling interests $ (60)             (60)
Ending balance (in shares) at Dec. 31, 2025 66,653,129   66,653,129          
Ending balance at Dec. 31, 2025 $ 900,698 $ 489,697 $ 667 $ 1,018,985 $ (152,660) $ (836) $ (376,459) $ 411,001