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Stockholders' Equity of the Company
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Stockholders' Equity of the Company Stockholders’ Equity of the Company
Common Stock

At-The-Market Stock Offering Program

Under our at-the-market (“ATM”) stock offering program (the “2024 ATM Program”), which commenced in March 2024, we may offer and sell shares of our common stock having an aggregate gross sales price up to $500.0 million from time to time in “at-the-market” offerings. In connection with the 2024 ATM Program, the Company may also, at its discretion, enter into forward equity sale agreements. The use of forward equity sale agreements allows the Company to lock in a share price on the sale of shares of our common stock at the time an agreement is executed, but defer settling the forward equity sale agreements and receiving the proceeds from the sale of shares until a later date. The Company did not have any outstanding forward equity sale agreements to be settled at December 31, 2025. Since commencement of the 2024 ATM Program, we have not completed any sales of common stock.
Share Repurchase Program

Under our current share repurchase program, which commenced in February 2024 (the “Share Repurchase Program”), we are authorized to repurchase shares of the Company’s common stock having an aggregate gross purchase price of up to $500.0 million. Under the Share Repurchase Program, repurchases may be made from time to time using a variety of methods, which may include open market purchases and privately negotiated transactions. The specific timing, price, and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The Share Repurchase Program does not have a termination date and repurchases may be discontinued at any time. As of December 31, 2025, the Share Repurchase Program had $500.0 million of available repurchase capacity. Since commencement of the Share Repurchase Program, we have not completed any common stock repurchases and did not repurchase any common stock under the previous share repurchase program approved by the Company’s Board of Directors in 2016 during the year ended December 31, 2023.

Accrued Dividends and Distributions

The following tables summarize accrued dividends and distributions for the noted outstanding shares of common stock and noncontrolling units:
December 31, 2025December 31, 2024
(in thousands)
Dividends and Distributions payable to:
Common stockholders$63,921 $63,745 
Noncontrolling common unitholders of the Operating Partnership612 621 
RSU holders (1)
476 484 
Total accrued dividends and distribution to common stockholders and noncontrolling unitholders$65,009 $64,850 
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(1)The amount includes the value of the dividend equivalents that will be paid with additional RSUs (See Note 14 “Share-Based and Other Compensation” for additional information).

 December 31, 2025December 31, 2024
Outstanding Shares and Units:
Common stock118,372,451 118,046,674 
Noncontrolling common units1,133,562 1,150,574 
RSUs (1)
846,072 861,385 
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(1)The amount includes nonvested RSUs. Does not include 1,394,111 and 926,695 performance-based RSUs because not all the necessary performance conditions have been met as of December 31, 2025 and 2024, respectively. Refer to Note 14 “Share-Based and Other Compensation” for additional information.