v3.26.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Director
Preferred Shares
Common Shares
Total Shareholders' Equity
Total Shareholders' Equity
Director
Total Shareholders' Equity
Preferred Shares
Total Shareholders' Equity
Common Shares
Preferred Shares
Preferred Shares
Preferred Shares
Common Shares
Common Shares
Director
Common Shares
Common Shares
Additional Paid-In Capital
Additional Paid-In Capital
Director
Additional Paid-In Capital
Preferred Shares
Additional Paid-In Capital
Common Shares
Accumulated Other Comprehensive Income (Loss)
Distributions and retained deficit
Distributions and retained deficit
Preferred Shares
Non-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2024                 27,600,000   119,285,394                    
Beginning balance at Dec. 31, 2024 $ 2,787,874       $ 2,697,424       $ 276   $ 1,193     $ 4,072,265       $ 16,550 $ (1,392,860)   $ 90,450
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of shares, net of offering costs (41)       (41)                 (41)              
Repurchase of common shares (in shares)                         (1,394,220)                
Repurchase of common shares       $ (15,612)       $ (15,612)         $ (14)       $ (15,598)        
Share-based compensation (in shares)                     221,181 54,451                  
Share-based compensation 6,742 $ 745     4,338 $ 745         $ 2 $ 1   4,336 $ 744           2,404
Distributions on common shares/units (2,420)       (2,380)                           (2,380)   (40)
Distributions on preferred shares/units (23,591)       (21,263)                           (21,263)   (2,328)
Other comprehensive income (loss):                                          
Change in fair value of derivative instruments (1,962)       (1,977)                 (36)       (1,941)     15
Amounts reclassified from other comprehensive income (7,739)       (7,739)                         (7,739)      
Net income (loss) (12,895)       (14,891)                           (14,891)   1,996
Ending balance (in shares) at Jun. 30, 2025                 27,600,000   118,166,806                    
Ending balance at Jun. 30, 2025 2,731,101       2,638,604       $ 276   $ 1,182     4,061,670       6,870 (1,431,394)   92,497
Beginning balance (in shares) at Mar. 31, 2025                 27,600,000   118,278,405                    
Beginning balance at Mar. 31, 2025 2,726,416       2,635,155       $ 276   $ 1,183     4,060,426       10,892 (1,437,622)   91,261
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of shares, net of offering costs (41)       (41)                 (41)              
Repurchase of common shares (in shares)                         (111,599)                
Repurchase of common shares       (1,000)       (1,000)         $ (1)       (999)        
Share-based compensation 3,522       2,284                 2,284             1,238
Distributions on common shares/units (1,224)       (1,196)                           (1,196)   (28)
Distributions on preferred shares/units (11,796)       (10,632)                           (10,632)   (1,164)
Other comprehensive income (loss):                                          
Change in fair value of derivative instruments (122)       (83)                         (83)     (39)
Amounts reclassified from other comprehensive income (3,939)       (3,939)                         (3,939)      
Net income (loss) 19,285       18,056                           18,056   1,229
Ending balance (in shares) at Jun. 30, 2025                 27,600,000   118,166,806                    
Ending balance at Jun. 30, 2025 2,731,101       2,638,604       $ 276   $ 1,182     4,061,670       6,870 (1,431,394)   92,497
Beginning balance (in shares) at Dec. 31, 2025                 27,068,962   113,188,134                    
Beginning balance at Dec. 31, 2025 2,562,738       2,468,621       $ 271   $ 1,132     3,969,875       605 (1,503,262)   94,117
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Repurchase of preferred shares (in shares)                 (1,487,038) (1,487,038)                      
Repurchase of preferred shares     $ (28,331)       $ (28,331)   $ (28,600) $ (15)           $ (35,315)       $ 6,999  
Repurchase of common shares (in shares)                         (1,030,945)                
Repurchase of common shares       (13,860)       (13,860)         $ (10)       (13,850)        
Share-based compensation (in shares)                     217,449 77,206                  
Share-based compensation 4,869 902     3,829 902         $ 2 $ 1   3,827 901           1,040
Distributions on common shares/units (2,288)       (2,245)                           (2,245)   (43)
Distributions on preferred shares/units (22,674)       (20,346)                           (20,346)   (2,328)
Other comprehensive income (loss):                                          
Change in fair value of derivative instruments 4,040       3,964                         3,964     76
Amounts reclassified from other comprehensive income 1,529       1,529                         1,529      
Net income (loss) 6,477       4,305                           4,305   2,172
Ending balance (in shares) at Jun. 30, 2026                 25,581,924   112,451,844                    
Ending balance at Jun. 30, 2026 2,513,402       2,418,368       $ 256   $ 1,125     3,925,438       6,098 (1,514,549)   95,034
Beginning balance (in shares) at Mar. 31, 2026                 27,068,962   112,985,227                    
Beginning balance at Mar. 31, 2026 2,531,527       2,437,223       $ 271   $ 1,130     3,966,623       3,268 (1,534,069)   94,304
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Repurchase of preferred shares (in shares)                   (1,487,038)                      
Repurchase of preferred shares     $ (28,331)       $ (28,331)     $ (15)           $ (35,315)       $ 6,999  
Repurchase of common shares (in shares)                         (538,631)                
Repurchase of common shares       $ (7,960)       $ (7,960)         $ (5)       $ (7,955)        
Share-based compensation (in shares)                       5,248                  
Share-based compensation 2,563 $ 77     2,008 $ 77               2,008 $ 77           555
Distributions on common shares/units (1,168)       (1,139)                           (1,139)   (29)
Distributions on preferred shares/units (11,083)       (9,919)                           (9,919)   (1,164)
Other comprehensive income (loss):                                          
Change in fair value of derivative instruments 2,100       2,066                         2,066     34
Amounts reclassified from other comprehensive income 764       764                         764      
Net income (loss) 24,913       23,579                           23,579   1,334
Ending balance (in shares) at Jun. 30, 2026                 25,581,924   112,451,844                    
Ending balance at Jun. 30, 2026 $ 2,513,402       $ 2,418,368       $ 256   $ 1,125     $ 3,925,438       $ 6,098 $ (1,514,549)   $ 95,034