v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Distributions In Excess Of Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interest in Joint Ventures
Balance at beginning of the year at Dec. 31, 2022 $ 1,953,439 $ 4 $ 2,251,521 $ (334,898) $ 36,371 $ 441
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 200,548 0 0 200,491 0 57
Net unrealized change in fair value of interest rate swaps (11,483) 0 0 0 (11,483) 0
Common dividends declared (232,066) 0 0 (232,066) 0 0
Stock-based compensation, net of forfeitures 11,777 0 11,777 0 0 0
Issuance of shares of common stock, common stock offering, net of expenses 691,478 1 691,477 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of restricted stock (4,836) 0 (4,836) 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of common stock (32) 0 (32) 0 0 0
Net distributions to noncontrolling interest (191) 0 0 0 0 (191)
Balance at end of the year at Dec. 31, 2023 $ 2,608,634 5 2,949,907 (366,473) 24,888 307
Stockholders' Equity, Parenthetical Disclosure [Abstract]            
Common dividends declared - per share (in dollars per share) $ 5.04          
Common stock offerings (in shares) 4,094,896          
Withheld shares for tax withholding obligation, vesting of restricted stock 31,254          
Withheld shares for tax withholding obligations, issuance of common stock 184          
Net income $ 227,807 0 0 227,751 0 56
Net unrealized change in fair value of interest rate swaps (2,935) 0 0 0 (2,935) 0
Common dividends declared (264,450) 0 0 (264,450) 0 0
Stock-based compensation, net of forfeitures 12,493 0 12,493 0 0 0
Issuance of shares of common stock, common stock offering, net of expenses 717,152 0 717,152 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of restricted stock (6,125) 0 (6,125) 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of common stock (34) 0 (34) 0 0 0
Contributions from Noncontrolling Interests 175 0 0 0 0 175
Net distributions to noncontrolling interest (173) 0 0 0 0 (173)
Balance at end of the year at Dec. 31, 2024 $ 3,292,544 5 3,673,393 (403,172) 21,953 365
Stockholders' Equity, Parenthetical Disclosure [Abstract]            
Common dividends declared - per share (in dollars per share) $ 5.34          
Common stock offerings (in shares) 4,071,536          
Withheld shares for tax withholding obligation, vesting of restricted stock 33,381          
Withheld shares for tax withholding obligations, issuance of common stock 192          
Net income $ 257,458 0 0 257,402 0 56
Net unrealized change in fair value of interest rate swaps (13,596) 0 0 0 (13,596) 0
Common dividends declared (313,183) 0 0 (313,183) 0 0
Stock-based compensation, net of forfeitures 13,683 0 13,683 0 0 0
Issuance of shares of common stock, common stock offering, net of expenses 263,885 0 263,885 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of restricted stock (4,133) 0 (4,133) 0 0 0
Withheld shares of common stock to satisfy tax withholding obligations in connection with the issuance of common stock (36) 0 (36) 0 0 0
Contributions from Noncontrolling Interests 124 0 0 0 0 124
Net distributions to noncontrolling interest (158) 0 0 0 0 (158)
Balance at end of the year at Dec. 31, 2025 $ 3,496,588 $ 5 $ 3,946,792 $ (458,953) $ 8,357 $ 387
Stockholders' Equity, Parenthetical Disclosure [Abstract]            
Common dividends declared - per share (in dollars per share) $ 5.90          
Common stock offerings (in shares) 1,482,198          
Withheld shares for tax withholding obligation, vesting of restricted stock 24,745          
Withheld shares for tax withholding obligations, issuance of common stock 205