STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

Stock-Based Compensation [Abstract]

Schedule of assumptions used for estimating fair value of stock awards using Monte-Carlo model

The following are the significant assumptions used in estimating the value of the awards for grants made on the following dates:


		January 1,				January 1,				January 1,
		2025				2024				2023
Closing price on date of grant		$	37.85			$	30.66			$	27.95
Dividend yield			7.08	%			8.74	%			9.59	%
Risk free interest rate at time of grant			4.49	%			4.15	%			4.28	%
Expected volatility⁽¹⁾			23.61	%			25.27	%			40.28	%

(1)	Expected volatility is using 50% historical volatility and 50% implied volatility.

Schedule of activity in RSUs, PRSUs and PIUs

The following table summarizes the activity in restricted stock, RSUs, PRSUs, and PIUs for the years ended December 31, 2023, 2024 and 2025:


		Time-Based					Performance-Based
				Weighted -					Weighted -			Total
		Number of		Average Grant-			Number of		Average Grant-			Compensation
		Shares/Omega		Date Fair Value			Shares/Omega		Date Fair Value			Cost ⁽¹⁾
		OP Units		per Share			OP Units		per Share			(in millions)
Non-vested at December 31, 2022		408,024			31.93		3,215,946			17.16
Granted during 2023		309,927			28.15		2,139,421			13.42		$	37.40
Cancelled during 2023		—			—		(1,228)			11.35
Forfeited during 2023		—			—		(539,312)			17.50
Vested during 2023		(208,119)			34.31		(482,772)			21.52
Non-vested at December 31, 2023		509,832			28.66		4,332,055			14.78
Granted during 2024		306,526			30.73		2,368,170			13.22		$	40.70
Cancelled during 2024		—			—		(20,811)			12.98
Vested during 2024		(251,457)			29.56		(578,763)			19.93
Non-vested at December 31, 2024		564,901			29.38		6,100,651			13.69
Granted during 2025		263,477			37.53		1,924,305			16.93		$	42.50
Cancelled during 2025		—			—		(16,182)			12.34
Forfeited during 2025		—			—		(827,111)			13.10
Vested during 2025⁽²⁾		(305,120)			28.50		(1,609,459)			14.75
Non-vested at December 31, 2025		523,258		$	34.00		5,572,204		$	14.60

(1)	Total compensation cost to be recognized on the awards based on grant date fair value.

(2)	PRSUs and performance PIUs are shown as vesting in the year that the Compensation Committee determines the level of achievement of the applicable performance measures.