v3.26.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Common Stock
Paid-in Capital
Redeemable Perpetual Preferred Stock
Distributions in Excess of Accumulated Earnings
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interests – Common OP Units
Beginning balance at Dec. 31, 2024 $ 1,823,786 $ 1,962 $ 1,951,430 $ 0 $ (214,979) $ 2,303 $ 83,070
Increase (Decrease) in Stockholders' Equity              
Issuance of Common Stock through employee stock purchase plan 391   391        
Compensation expenses related to restricted stock and stock options 1,771   1,771        
Repurchase of Common Stock or Common OP Units (2,258)   (2,258)        
Adjustment for Common OP Unitholders in the Operating Partnership 0   118       (118)
Adjustment for fair market value of swaps (1,629)         (1,629)  
Consolidated net income 114,393       109,192   5,201
Distributions (103,128)       (98,439)   (4,689)
Other (61)   (61)        
Ending balance at Mar. 31, 2025 1,833,265 1,962 1,951,391 0 (204,226) 674 83,464
Beginning balance at Dec. 31, 2024 1,823,786 1,962 1,951,430 0 (214,979) 2,303 83,070
Increase (Decrease) in Stockholders' Equity              
Adjustment for fair market value of swaps (4,313)            
Ending balance at Jun. 30, 2025 1,812,952 1,962 1,953,854 0 (222,992) (2,010) 82,138
Beginning balance at Mar. 31, 2025 1,833,265 1,962 1,951,391 0 (204,226) 674 83,464
Increase (Decrease) in Stockholders' Equity              
Exchange of Common OP Units for Common Stock (1)   396       (397)
Issuance of Common Stock through employee stock purchase plan 355   355        
Compensation expenses related to restricted stock and stock options 1,812   1,812        
Adjustment for Common OP Unitholders in the Operating Partnership 0   40       (40)
Adjustment for fair market value of swaps (2,684)         (2,684)  
Consolidated net income 83,493     8 79,708   3,777
Distributions (103,148)     (8) (98,474)   (4,666)
Other (140)   (140)        
Ending balance at Jun. 30, 2025 1,812,952 1,962 1,953,854 0 (222,992) (2,010) 82,138
Beginning balance at Dec. 31, 2025 1,814,826 1,988 1,981,540 0 (225,045) (2,208) 58,551
Increase (Decrease) in Stockholders' Equity              
Exchange of Common OP Units for Common Stock 0   22       (22)
Issuance of Common Stock through employee stock purchase plan 375   375        
Compensation expenses related to restricted stock and stock options 2,148   2,148        
Repurchase of Common Stock or Common OP Units (1,929)   (1,929)        
Adjustment for Common OP Unitholders in the Operating Partnership 0   (62)       62
Adjustment for fair market value of swaps 2,152         2,152  
Consolidated net income 111,491       107,904   3,587
Distributions (108,704)       (105,208)   (3,496)
Other (70)   (70)        
Ending balance at Mar. 31, 2026 1,820,289 1,988 1,982,024 0 (222,349) (56) 58,682
Beginning balance at Dec. 31, 2025 1,814,826 1,988 1,981,540 0 (225,045) (2,208) 58,551
Increase (Decrease) in Stockholders' Equity              
Adjustment for fair market value of swaps 5,108            
Ending balance at Jun. 30, 2026 1,816,605 1,988 1,984,545 0 (231,263) 2,900 58,435
Beginning balance at Mar. 31, 2026 1,820,289 1,988 1,982,024 0 (222,349) (56) 58,682
Increase (Decrease) in Stockholders' Equity              
Exchange of Common OP Units for Common Stock 0   118       (118)
Issuance of Common Stock through employee stock purchase plan 602   602        
Compensation expenses related to restricted stock and stock options 2,187   2,187        
Adjustment for Common OP Unitholders in the Operating Partnership 0   (168)       168
Adjustment for fair market value of swaps 2,956         2,956  
Consolidated net income 99,518     8 96,316   3,194
Distributions (108,729)     (8) (105,230)   (3,491)
Other (218)   (218)        
Ending balance at Jun. 30, 2026 $ 1,816,605 $ 1,988 $ 1,984,545 $ 0 $ (231,263) $ 2,900 $ 58,435