| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Property rental | $416.8M-8.8% | $456.9M-5.4% | $483.2M-1.7% | $491.7M-1.6% | $499.6M+8.9% | $459.0M-7.0% | $493.3M-3.9% | $513.4M | — |
| Third-party real estate services, including reimbursements | $62.2M-10.4% | $69.5M-24.5% | $92.1M+3.4% | $89.0M-21.9% | $114.0M+0.1% | $113.9M-5.7% | $120.9M+22.5% | $98.7M+56.1% | $63.2M |
| Other revenue | $19.6M-6.4% | $20.9M-27.9% | $29.0M+15.7% | $25.1M+20.7% | $20.8M-30.4% | $29.8M-11.3% | $33.6M+4.9% | $32.0M+13.5% | $28.2M |
| Total revenue | $498.6M-8.9% | $547.3M-9.4% | $604.2M-0.3% | $605.8M-4.5% | $634.4M+5.2% | $602.7M-7.0% | $647.8M+0.6% | $644.2M+18.6% | $543.0M |
| Depreciation and amortization | $190.1M-8.7% | $208.2M-1.0% | $210.2M-1.7% | $213.8M-9.5% | $236.3M+6.6% | $221.8M+15.8% | $191.6M-9.4% | $211.4M+30.8% | $161.7M |
| Property operating | $141.7M-3.3% | $146.6M+1.8% | $144.0M-4.0% | $150.0M-0.4% | $150.6M+3.4% | $145.6M+5.8% | $137.6M-7.1% | $148.1M+24.6% | $118.8M |
| Real estate taxes | $48.9M-7.1% | $52.6M-8.8% | $57.7M-7.2% | $62.2M-12.2% | $70.8M-0.2% | $71.0M+0.7% | $70.5M-0.8% | $71.1M+7.0% | $66.4M |
| Corporate and other | $59.2M+0.6% | $58.8M+7.2% | $54.8M-5.9% | $58.3M+8.3% | $53.8M+15.4% | $46.6M-0.4% | $46.8M+38.8% | $33.7M-14.3% | $39.4M |
| Third-party real estate services | $60.6M-18.4% | $74.3M-16.5% | $88.9M-5.9% | $94.5M-11.8% | $107.2M-6.7% | $114.8M+1.2% | $113.5M+26.3% | $89.8M+73.0% | $51.9M |
| Share-based compensation related to Formation Transaction and special equity awards | $549K | — | — | — | $16.3M-48.5% | $31.7M-24.9% | $42.2M+17.0% | $36.0M+23.2% | $29.3M |
| Transaction and other costs | $6.2M+17.0% | $5.3M-39.1% | $8.7M+58.5% | $5.5M-47.2% | $10.4M+20.3% | $8.7M-62.7% | $23.2M-16.1% | $27.7M-78.3% | $127.7M |
| Total expenses | $506.6M-7.2% | $545.8M-3.4% | $565.0M-4.2% | $589.7M-8.7% | $645.5M+0.8% | $640.1M+2.4% | $625.4M+1.2% | $617.9M+3.8% | $595.2M |
| Loss from unconsolidated real estate ventures, net | -$4.4M+37.9% | -$7.1M+73.6% | -$27.0M-54.9% | -$17.4M-742.0% | -$2.1M+89.8% | -$20.3M-1357.8% | -$1.4M-103.5% | $39.4M+1051.2% | -$4.1M |
| Interest and other income, net | $4.2M-63.7% | $11.6M-26.5% | $15.8M-15.2% | $18.6M+110.7% | $8.8M+1513.6% | -$625K-111.6% | $5.4M-64.5% | $15.2M+748.3% | $1.8M |
| Interest expense | -$142.0M-5.9% | -$134.1M-23.4% | -$108.7M-43.1% | -$75.9M-11.7% | -$68.0M-9.0% | -$62.3M-18.3% | -$52.7M+29.2% | -$74.4M-28.0% | -$58.1M |
| Gain (loss) on the sale of real estate, net | $46.6M+1793.9% | -$2.8M-103.5% | $79.3M-51.0% | $161.9M+1334.0% | $11.3M-81.0% | $59.5M-43.4% | $105.0M+101.2% | $52.2M | $0 |
| Gain (loss) on the extinguishment of debt, net | -$2.4M-126.0% | $9.2M+2152.2% | -$450K+85.4% | -$3.1M | — | — | — | -$5.2M-635.1% | -$701K |
| Impairment loss | -$65.8M-18.8% | -$55.4M+38.6% | -$90.2M | — | — | — | — | — | — |
| Total other income (expense) | -$163.9M+8.2% | -$178.5M-36.1% | -$131.2M-256.1% | $84.1M+212.0% | -$75.0M-120.1% | -$34.1M-167.5% | $50.5M+158.2% | $19.6M+153.1% | -$36.8M |
| LOSS BEFORE INCOME TAX (EXPENSE) BENEFIT | -$171.9M+2.9% | -$177.0M-92.4% | -$92.0M-191.8% | $100.3M+216.3% | -$86.2M-20.5% | -$71.5M-198.2% | $72.8M+58.8% | $45.9M+151.5% | -$89.0M |
| Income tax (expense) benefit | $3.8M+602.6% | -$762K-357.4% | $296K+123.4% | -$1.3M+64.3% | -$3.5M-183.0% | $4.3M+227.6% | $1.3M+76.4% | $738K-92.6% | $9.9M |
| NET LOSS | -$168.1M+5.5% | -$177.8M-93.8% | -$91.7M-192.6% | $99.0M+210.3% | -$89.7M-33.4% | -$67.3M-190.7% | $74.1M+59.1% | $46.6M+158.9% | -$79.1M |
| Net loss attributable to redeemable noncontrolling interests | $29.0M+30.6% | $22.2M+109.5% | $10.6M+180.0% | -$13.2M-251.7% | $8.7M+76.0% | $5.0M+157.8% | -$8.6M-27.8% | -$6.7M-191.6% | $7.3M |
| Net loss attributable to noncontrolling interests | $12.0M+959.5% | $1.1M | — | -$371K-121.3% | $1.7M | — | — | — | $3K |
| NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | -$139.1M+3.1% | -$143.5M-79.5% | -$80.0M-193.7% | $85.4M+207.7% | -$79.3M-27.2% | -$62.3M-195.0% | $65.6M+64.2% | $39.9M+155.6% | -$71.8M |
| LOSS PER COMMON SHARE - BASIC | -$2090.00-26.7% | -$1650.00-111.5% | -$780.00-211.4% | $700.00+211.1% | -$630.00-28.6% | -$490.00-202.1% | $480.00 | — | -$700.00 |
| LOSS PER COMMON SHARE - DILUTED | -$2090.00-26.7% | -$1650.00-111.5% | -$780.00-211.4% | $700.00+211.1% | -$630.00-28.6% | -$490.00-202.1% | $480.00 | — | -$700.00 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC | 67.4M-23.7% | 88.3M-16.0% | 105.1M-11.7% | 119.0M-9.0% | 130.8M-2.0% | 133.5M+2.1% | 130.7M | — | 105.4M |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED | 67.4M-23.7% | 88.3M-16.0% | 105.1M-11.7% | 119.0M-9.0% | 130.8M-2.0% | 133.5M+2.1% | 130.7M+9.7% | 119.2M+13.1% | 105.4M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.