v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Preferred Stock
Series A Preferred Stock
Common Stock
Additional Paid-In Capital
Dividends in excess of net income
Accumulated Other Comprehensive Income
Non-Controlling Interest
Total
Balance at Dec. 31, 2023 $ 175,000 $ 10 $ 5,354,120 $ (346,473) $ 16,554 $ 942 $ 5,200,153
Balance (in shares) at Dec. 31, 2023 7,000 100,519,355          
Repurchase of common shares     (2,183)       (2,183)
Repurchase of common shares (in shares)   (37,957)          
Issuance of stock under the 2020 Omnibus Incentive Plan             0
Issuance of stock under the 2020 Omnibus Incentive Plan (in shares)   147,656          
Forfeiture of restricted stock             0
Forfeiture of restricted stock (in shares)   (79)          
Stock-based compensation     2,425       2,425
Series A preferred dividends declared for the period $ (1,859)           (1,859)
Dividends and distributions declared for the period       (74,732)   (257) (74,989)
Amortization, changes in fair value, and settlement of interest rate swaps         10,876 38 10,914
Net income 1,859     43,000   155 45,014
Balance at Mar. 31, 2024 $ 175,000 $ 10 5,354,362 (378,205) 27,430 878 5,179,475
Balance (in shares) at Mar. 31, 2024 7,000 100,628,975          
Balance at Dec. 31, 2023 $ 175,000 $ 10 5,354,120 (346,473) 16,554 942 5,200,153
Balance (in shares) at Dec. 31, 2023 7,000 100,519,355          
Net income             99,927
Balance at Jun. 30, 2024 $ 175,000 $ 10 5,357,143 (400,809) 30,915 819 5,163,078
Balance (in shares) at Jun. 30, 2024 7,000 100,624,624          
Balance at Mar. 31, 2024 $ 175,000 $ 10 5,354,362 (378,205) 27,430 878 5,179,475
Balance (in shares) at Mar. 31, 2024 7,000 100,628,975          
Repurchase of common shares     (7)       (7)
Repurchase of common shares (in shares)   (126)          
Forfeiture of restricted stock     (17)       (17)
Forfeiture of restricted stock (in shares)   (4,225)          
Stock-based compensation     2,805       2,805
Series A preferred dividends declared for the period $ (1,859)           (1,859)
Dividends and distributions declared for the period       (75,469)   (260) (75,729)
Amortization, changes in fair value, and settlement of interest rate swaps         3,485 12 3,497
Net income 1,859     52,865   189 54,913
Balance at Jun. 30, 2024 $ 175,000 $ 10 5,357,143 (400,809) 30,915 819 5,163,078
Balance (in shares) at Jun. 30, 2024 7,000 100,624,624          
Balance at Dec. 31, 2024 $ 175,000 $ 10 5,765,582 (470,622) 40,076 615 5,510,661
Balance (in shares) at Dec. 31, 2024 7,000 107,248,705          
Issuance of common stock, net of issuance costs   $ 1 183,090       183,091
Issuance of common stock, net of issuance costs (in shares)   2,665,998          
Repurchase of common shares     (3,645)       (3,645)
Repurchase of common shares (in shares)   (50,038)          
Issuance of restricted stock under the 2024 Omnibus Incentive Plan             0
Issuance of restricted stock under the 2024 Omnibus Incentive Plan (in shares)   153,925          
Stock-based compensation     3,129       3,129
Series A preferred dividends declared for the period $ (1,859)           (1,859)
Dividends and distributions declared for the period       (82,574)   (264) (82,838)
Amortization, changes in fair value, and settlement of interest rate swaps         (10,732) (35) (10,767)
Net income 1,859     45,137   152 47,148
Balance at Mar. 31, 2025 $ 175,000 $ 11 5,948,156 (508,059) 29,344 468 5,644,920
Balance (in shares) at Mar. 31, 2025 7,000 110,018,590          
Balance at Dec. 31, 2024 $ 175,000 $ 10 5,765,582 (470,622) 40,076 615 5,510,661
Balance (in shares) at Dec. 31, 2024 7,000 107,248,705          
Net income             96,501
Balance at Jun. 30, 2025 $ 175,000 $ 11 5,992,510 (545,372) 31,891 364 5,654,404
Balance (in shares) at Jun. 30, 2025 7,000 110,666,238          
Balance at Mar. 31, 2025 $ 175,000 $ 11 5,948,156 (508,059) 29,344 468 5,644,920
Balance (in shares) at Mar. 31, 2025 7,000 110,018,590          
Issuance of common stock, net of issuance costs     41,104       41,104
Issuance of common stock, net of issuance costs (in shares)   663,892          
Repurchase of common shares     (9)       (9)
Repurchase of common shares (in shares)   (128)          
Forfeiture of restricted stock     (52)       (52)
Forfeiture of restricted stock (in shares)   (16,116)          
Stock-based compensation     3,311       3,311
Series A preferred dividends declared for the period $ (1,859)           (1,859)
Dividends and distributions declared for the period       (84,652)   (267) (84,919)
Amortization, changes in fair value, and settlement of interest rate swaps         2,547 8 2,555
Net income 1,859     47,339   155 49,353
Balance at Jun. 30, 2025 $ 175,000 $ 11 $ 5,992,510 $ (545,372) $ 31,891 $ 364 $ 5,654,404
Balance (in shares) at Jun. 30, 2025 7,000 110,666,238