v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Series B Preferred Stock
Series C Preferred Stock
Total Stockholders’ Equity
Preferred Stock
Common Stock
Additional Paid-in Capital
Cumulative Distributions in Excess of Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning Balance at Dec. 31, 2022 $ 6,923,342     $ 6,556,938 $ 155,676 $ 1,891 $ 6,646,867 $ (255,743) $ 8,247 $ 366,404
Beginning Balance, (in shares) at Dec. 31, 2022           189,114,129        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of stock (shares)           22,751,622        
Issuance of stock 1,281,990     1,281,990   $ 227 1,281,763      
Offering costs (6,258)     (6,258) 0   (6,258)      
Share-based compensation (shares)           183,994        
Share-based compensation 34,655     7,331   $ 2 7,329     27,324
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (shares)           (32,507)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (1,914)     (1,914)     (1,914)      
Conversion of units to common stock (shares)           329,212        
Conversion of OP Units to common stock 0     12,997   $ 3 12,994     (12,997)
Net income 249,591     238,016 9,258     228,758   11,575
Other comprehensive loss (1,147)     (1,075)         (1,075) (72)
Dividends, Preferred Stock (9,258)     (9,258) (9,258)          
Preferred unit distributions (3,208)                 (3,208)
Common stock dividends (311,850)     (311,850)       (311,850)    
Common unit distributions (12,038)                 (12,038)
Ending Balance at Dec. 31, 2023 8,143,905     7,766,917 155,676 $ 2,123 7,940,781 (338,835) 7,172 376,988
Ending Balance, (in shares) at Dec. 31, 2023           212,346,450        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Preferred stock dividends declared (in dollars per share)   $ 1.468752 $ 1.406252              
Issuance of stock (shares)           12,666,152        
Issuance of stock 653,444     653,444   $ 127 653,317      
Offering costs (3,900)     (3,900)     (3,900)      
Share-based compensation (shares)           199,828        
Share-based compensation 42,957     8,573   $ 2 8,571     34,384
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (shares)           (41,649)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (2,154)     (2,154)     (2,154)      
Conversion of units to common stock (shares)           114,230        
Conversion of OP Units to common stock 0     4,662   $ 1 4,661     (4,662)
Acquisition of Private REIT, Preferred Units (122)                 (122)
Net income 285,926     273,802 9,258     264,544   12,124
Other comprehensive loss (432)     (426)         (426) (6)
Dividends, Preferred Stock (9,258)     (9,258) (9,258)          
Preferred unit distributions (2,346)                 (2,346)
Common stock dividends (367,590)     (367,590)       (367,590)    
Common unit distributions (14,451)                 (14,451)
Ending Balance at Dec. 31, 2024 $ 8,725,979     8,324,070 155,676 $ 2,253 8,601,276 (441,881) 6,746 401,909
Ending Balance, (in shares) at Dec. 31, 2024 225,285,011         225,285,011        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Preferred stock dividends declared (in dollars per share)   1.468752 1.406252              
Issuance of stock (shares)           9,776,768        
Issuance of stock $ 478,572     478,572   $ 97 478,475      
Offering costs (974)     (974)     (974)      
Share-based compensation (shares)           1,352,223        
Share-based compensation 102,171     53,655   $ 14 53,641     48,516
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (shares)           (45,558)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (1,830)     (1,830)     (1,830)      
Repurchase of common stock (in shares)           (6,327,283)        
Repurchase of common stock (250,126)     (250,126)   $ (63) (250,063)      
Conversion of units to common stock (shares)           1,538,974        
Conversion of OP Units to common stock 0     64,613   $ 15 64,598     (64,613)
Net income 219,763     212,029 9,258     202,771   7,734
Other comprehensive loss (7,436)     (7,168)         (7,168) (268)
Dividends, Preferred Stock (9,258)     (9,258) (9,258)          
Preferred unit distributions (651)                 (651)
Common stock dividends (403,020)     (403,020)       (403,020)    
Common unit distributions (15,171)                 (15,171)
Ending Balance at Dec. 31, 2025 $ 8,838,019     $ 8,460,563 $ 155,676 $ 2,316 $ 8,945,123 $ (642,130) $ (422) $ 377,456
Ending Balance, (in shares) at Dec. 31, 2025 231,580,135         231,580,135        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Preferred stock dividends declared (in dollars per share)   $ 1.468752 $ 1.406252