v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Distributions In Excess Of Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interest in Joint Ventures
BALANCE at Dec. 31, 2023 $ 2,608,634 $ 5 $ 2,949,907 $ (366,473) $ 24,888 $ 307
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 58,658 0 0 58,644 0 14
Net unrealized change in fair value of interest rate swaps 5,894 0 0 0 5,894 0
Common dividends declared (61,125) 0 0 (61,125) 0 0
Stock-based compensation, net of forfeitures 4,147 0 4,147 0 0 0
Issuance of common stock, common stock offering, net of expenses 49,294 0 49,294 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock (6,125) 0 (6,125) 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of common stock (13) 0 (13) 0 0 0
Net distributions to noncontrolling interest (67) 0 0 0 0 (67)
Contributions from noncontrolling interest 62 0 0 0 0 62
BALANCE at Mar. 31, 2024 $ 2,659,359 5 2,997,210 (368,954) 30,782 316
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common dividends declared - per share (in dollars per share) $ 1.27          
Issuance of shares of common stock, common stock offering, net of expenses 272,342          
Shares withheld for tax obligations, vesting of restricted stock 33,381          
Shares withheld for tax obligations, common stock issued for compensation 68          
BALANCE at Dec. 31, 2023 $ 2,608,634 5 2,949,907 (366,473) 24,888 307
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 113,959          
BALANCE at Jun. 30, 2024 2,766,947 5 3,112,554 (375,556) 29,687 257
BALANCE at Dec. 31, 2023 2,608,634 5 2,949,907 (366,473) 24,888 307
BALANCE at Dec. 31, 2024 3,292,544 5 3,673,393 (403,172) 21,953 365
BALANCE at Mar. 31, 2024 2,659,359 5 2,997,210 (368,954) 30,782 316
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 55,301 0 0 55,287 0 14
Net unrealized change in fair value of interest rate swaps (1,095) 0 0 0 (1,095) 0
Common dividends declared (61,889) 0 0 (61,889) 0 0
Stock-based compensation, net of forfeitures 2,644 0 2,644 0 0 0
Issuance of common stock, common stock offering, net of expenses 112,710 0 112,710 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of common stock (10) 0 (10) 0 0 0
Net distributions to noncontrolling interest (73) 0 0 0 0 (73)
BALANCE at Jun. 30, 2024 $ 2,766,947 5 3,112,554 (375,556) 29,687 257
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common dividends declared - per share (in dollars per share) $ 1.27          
Issuance of shares of common stock, common stock offering, net of expenses 639,299          
Shares withheld for tax obligations, common stock issued for compensation 57          
BALANCE at Dec. 31, 2024 $ 3,292,544 5 3,673,393 (403,172) 21,953 365
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 59,437 0 0 59,423 0 14
Net unrealized change in fair value of interest rate swaps (6,927) 0 0 0 (6,927) 0
Common dividends declared (73,309) 0 0 (73,309) 0 0
Stock-based compensation, net of forfeitures 4,791 0 4,791 0 0 0
Issuance of common stock, common stock offering, net of expenses 72,849 0 72,849 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock (4,133) 0 (4,133) 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of common stock (3) 0 (3) 0 0 0
Net distributions to noncontrolling interest (92) 0 0 0 0 (92)
BALANCE at Mar. 31, 2025 $ 3,345,157 5 3,746,897 (417,058) 15,026 287
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common dividends declared - per share (in dollars per share) $ 1.40          
Issuance of shares of common stock, common stock offering, net of expenses 418,373          
Shares withheld for tax obligations, vesting of restricted stock 24,745          
Shares withheld for tax obligations, common stock issued for compensation 14          
BALANCE at Dec. 31, 2024 $ 3,292,544 5 3,673,393 (403,172) 21,953 365
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 122,750          
BALANCE at Jun. 30, 2025 3,407,111 5 3,823,605 (427,632) 10,890 243
BALANCE at Mar. 31, 2025 3,345,157 5 3,746,897 (417,058) 15,026 287
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 63,313 0 0 63,299 0 14
Net unrealized change in fair value of interest rate swaps (4,136) 0 0 0 (4,136) 0
Common dividends declared (73,873) 0 0 (73,873) 0 0
Stock-based compensation, net of forfeitures 2,668 0 2,668 0 0 0
Issuance of common stock, common stock offering, net of expenses 74,061 0 74,061 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of common stock (21) 0 (21) 0 0 0
Net distributions to noncontrolling interest (58) 0 0 0 0 (58)
BALANCE at Jun. 30, 2025 $ 3,407,111 $ 5 $ 3,823,605 $ (427,632) $ 10,890 $ 243
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common dividends declared - per share (in dollars per share) $ 1.40          
Issuance of shares of common stock, common stock offering, net of expenses 416,067          
Shares withheld for tax obligations, common stock issued for compensation 122