v3.25.4
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stock- holders’ Equity
Common Stock
Additional Paid-in Capital
Retained Earnings (Distributions in Excess of Earnings)
Noncontrolling  Interests
Beginning balance (in shares) at Dec. 31, 2022     116,878,031      
Beginning balance at Dec. 31, 2022 $ 5,674,961 $ 5,437,047 $ 1,169 $ 5,170,760 $ 265,118 $ 237,914
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 238,288 212,241     212,241 26,047
Issuance of share-based compensation awards 3,110 3,110   3,110    
Non-cash amortization of share-based compensation 43,721 43,721   43,721    
Net settlement of restricted stock units for shares of common stock (in shares)     361,527      
Net settlement of restricted stock units for shares of common stock (11,595) (11,595) $ 4 (11,599)    
Distributions to noncontrolling interests in consolidated property partnerships (30,097)         (30,097)
Adjustment for noncontrolling interest in the Operating Partnership 0 (153)   (153)   153
Dividends declared per share of common stock and common unit (258,695) (256,210)     (256,210) (2,485)
Ending balance (in shares) at Dec. 31, 2023     117,239,558      
Ending balance at Dec. 31, 2023 5,659,693 5,428,161 $ 1,173 5,205,839 221,149 231,532
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 232,954 210,969     210,969 21,985
Issuance of share-based compensation awards 6,675 6,675   6,675    
Non-cash amortization of share-based compensation 24,402 24,402   24,402    
Net settlement of restricted stock units for shares of common stock (in shares)     807,116      
Net settlement of restricted stock units for shares of common stock (27,636) (27,636) $ 8 (27,644)    
Distributions to noncontrolling interests in consolidated property partnerships (23,829)         (23,829)
Adjustment for noncontrolling interest in the Operating Partnership 0 381   381   (381)
Dividends declared per share of common stock and common unit $ (263,390) (260,906)     (260,906) (2,484)
Ending balance (in shares) at Dec. 31, 2024 118,046,674   118,046,674      
Ending balance at Dec. 31, 2024 $ 5,608,869 5,382,046 $ 1,181 5,209,653 171,212 226,823
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 302,640 276,121     276,121 26,519
Issuance of share-based compensation awards 2,913 2,913   2,913    
Non-cash amortization of share-based compensation 23,968 23,968   23,968    
Net settlement of restricted stock units for shares of common stock (in shares)     308,765      
Net settlement of restricted stock units for shares of common stock (6,551) (6,551) $ 3 (6,554)    
Exchange of common units of the Operating Partnership (in shares)     17,012      
Exchange of common units of the Operating Partnership 0 714   714   (714)
Distributions to noncontrolling interests in consolidated property partnerships (33,163)         (33,163)
Adjustment for noncontrolling interest in the Operating Partnership 0 53   53   (53)
Dividends declared per share of common stock and common unit $ (260,933) (258,457)     (258,457) (2,476)
Ending balance (in shares) at Dec. 31, 2025 118,372,451   118,372,451      
Ending balance at Dec. 31, 2025 $ 5,637,743 $ 5,420,807 $ 1,184 $ 5,230,747 $ 188,876 $ 216,936