Subsequent Events |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subsequent Events [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subsequent Events | Subsequent Events Dispositions On February 6, 2026, we completed the sale of the property located at 14005 Live Oak Avenue in Irwindale, California for a gross sales price of $14.5 million. Dividends Declared On February 2, 2026, the Board declared the following quarterly cash dividends/distributions:
Stock Repurchase Program On February 2, 2026, the Board terminated the Second Repurchase Program and authorized a new stock repurchase program pursuant to which we may repurchase up to a maximum of $500.0 million of our outstanding common stock (the “New Repurchase Program”). The New Repurchase Program replaces and supersedes, in all respects, the Second Repurchase Program and is scheduled to expire on February 29, 2028, unless modified, extended or terminated earlier at the Board’s discretion. Subsequent to December 31, 2025 and through the filing date of this Annual report on Form 10-K, we repurchased and settled 347,670 shares of common stock for a total purchase price of $13.4 million under the New Repurchase Program, leaving $486.6 million available for future repurchases.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||