v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Capital in Excess of Par Value
Accumulated Distributions in Excess of Earnings
Accumulated Other Comprehensive (Loss) Income
Non-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2022     437,397,414        
Beginning balance at Dec. 31, 2022 $ 2,456,075 $ 2,456,083 $ 4,373 $ 3,529,523 $ (1,029,287) $ (48,526) $ (8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     6,549,117        
Issuance of common stock 42,879 42,879 $ 65 42,814      
Equity-based compensation (in shares)     73,059        
Equity-based compensation 480 480   480      
Distributions declared on common stock (185,916) (185,916)     (185,916)    
Redemptions of common stock (in shares)     (6,764,875)        
Redemptions of common stock (44,445) (44,445) $ (66) (44,379)      
Changes in redeemable common stock 1,535 1,535   1,535      
Comprehensive income (loss) (4,531) (4,539)     28,078 (32,617) 8
Ending balance (in shares) at Dec. 31, 2023     437,254,715        
Ending balance at Dec. 31, 2023 2,266,077 2,266,077 $ 4,372 3,529,973 (1,187,125) (81,143) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     6,958,904        
Issuance of common stock 42,635 42,635 $ 73 42,562      
Equity-based compensation (in shares)     418,965        
Equity-based compensation 3,334 3,334 $ 2 3,332      
Distributions declared on common stock (197,136) (197,136)     (197,136)    
Redemptions of common stock (in shares)     (7,319,583)        
Redemptions of common stock (44,979) (44,979) $ (73) (44,906)      
Changes in redeemable common stock 2,368 2,368   2,368      
Contributions from non-controlling interests 333           333
Comprehensive income (loss) $ (297,430) (297,441)     (292,301) (5,140) 11
Ending balance (in shares) at Dec. 31, 2024 437,313,001   437,313,001        
Ending balance at Dec. 31, 2024 $ 1,775,202 1,774,858 $ 4,374 3,533,329 (1,676,562) (86,283) 344
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     5,744,542        
Issuance of common stock 31,217 31,217 $ 57 31,160      
Equity-based compensation (in shares)     629,069        
Equity-based compensation 4,562 4,562 $ 9 4,553      
Distributions declared on common stock (150,479) (150,479)     (150,479)    
Redemptions of common stock (in shares)     (6,778,287)        
Redemptions of common stock (37,054) (37,054) $ (68) (36,986)      
Changes in redeemable common stock 5,847 5,847   5,847      
Contributions from non-controlling interests 1,408           1,408
Comprehensive income (loss) $ 119,230 119,211     52,356 66,855 19
Ending balance (in shares) at Dec. 31, 2025 436,908,325   436,908,325        
Ending balance at Dec. 31, 2025 $ 1,749,933 $ 1,748,162 $ 4,372 $ 3,537,903 $ (1,774,685) $ (19,428) $ 1,771