Consolidated Statements of Operations - USD ($) $ in Thousands |
5 Months Ended | 7 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2022 |
Jul. 19, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Revenue: | ||||
| Rental revenue | $ 174,225 | $ 246,175 | $ 439,154 | $ 415,635 |
| Total revenue | 174,225 | 246,175 | 439,154 | 415,635 |
| Expenses: | ||||
| Property expenses | 39,956 | 74,848 | 130,941 | 125,951 |
| Depreciation and amortization | 225,472 | 50,557 | 93,486 | 96,314 |
| General and administrative | 7,578 | 19,079 | 19,327 | 14,612 |
| Merger costs | 33,255 | 100,952 | 0 | 0 |
| Total expenses | 306,261 | 245,436 | 243,754 | 236,877 |
| Other income (expense): | ||||
| Gain on sale of real estate, net | 0 | 157,022 | 359,875 | 27,273 |
| Interest expense | (43,189) | (615) | (728) | (548) |
| Other income | 235 | 2,044 | 2,085 | 1,222 |
| Total other income (expense) | (42,954) | 158,451 | 361,232 | 27,947 |
| Income (loss) before income tax | (174,990) | 159,190 | 556,632 | 206,705 |
| Income tax provision | (28) | 0 | (3,603) | 0 |
| Net income (loss) | (175,018) | 159,190 | 553,029 | 206,705 |
| Net (income) loss attributable to noncontrolling interests | 294 | (29,224) | (104,270) | (33,158) |
| Net income (loss) attributable to the Company | (174,724) | 129,966 | 448,759 | 173,547 |
| Allocation to preferred stockholders | (19,186) | (19,160) | (46,624) | (48,186) |
| Preferred securities redemption | 76,459 | 0 | (6,434) | 0 |
| Allocation to restricted stock unit holders | 0 | (1,011) | (2,613) | (716) |
| Net income (loss) available to common stockholders, basic | (117,451) | 109,795 | 393,088 | 124,645 |
| Net income (loss) available to common stockholders, diluted | $ (117,451) | $ 109,795 | $ 393,088 | $ 124,645 |
| Earnings (loss) per common share – basic and diluted: | ||||
| Net income attributable to common stockholders - basic | $ 3.98 | $ 14.28 | $ 4.54 | |
| Net income attributable to common stockholders - diluted | $ 3.96 | $ 14.22 | $ 4.52 | |
| Weighted average common shares outstanding - basic | 27,619,484 | 27,533,845 | 27,474,920 | |
| Weighted average common shares outstanding - diluted | 27,708,617 | 27,635,588 | 27,563,417 | |
| X | ||||||||||
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of preferred stock dividends and adjustments classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
| X | ||||||||||
- Definition The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|