v3.25.4
Income Taxes - Reconciliation of Provision for Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Income before income taxes $ 504,823 $ 492,339 $ 752,316
Income before income taxes attributable to taxable subsidiaries   63,669 73,669
Federal provision at statutory tax rate (21%) 106,013 13,370 15,471
REIT income not subject to federal income taxes (88,760)    
State and local taxes, net of federal benefit 3,038 2,382 3,517
Change in valuation allowance   3,215 9,970
Other   3,803 10,536
Changes in unrecognized tax benefits (1,421)    
Non-deductible expense   6,227 3,201
Rate differential   2,712 1,357
Total Provision for Income Taxes $ 31,908 $ 31,709 $ 44,052
Percent      
Federal provision at statutory tax rate 21.00%    
REIT income not subject to federal income taxes (17.60%)    
State and local taxes, net of federal benefit 0.60%    
Changes in unrecognized tax benefits (0.30%)    
Total Provision for Income Taxes 6.30%    
The Netherlands      
Amount      
Change in valuation allowance $ (6,524)    
Other $ 278    
Percent      
Change in valuation allowance (1.30%)    
Other 0.10%    
United Kingdom      
Amount      
Other foreign jurisdictions $ 6,822    
Percent      
Other foreign jurisdictions 1.40%    
Other foreign jurisdictions      
Amount      
Other foreign jurisdictions $ 11,561    
Percent      
Other foreign jurisdictions 2.30%    
UNITED STATES      
Amount      
Change in valuation allowance $ 196    
Other $ 705    
Percent      
Change in valuation allowance 0.00%    
Other 0.10%