CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands |
Total |
Common Shares |
Additional Paid-in Capital |
Accumulated Other Comprehensive Income (Loss) |
Distributions in Excess of Accumulated Earnings |
Total Common Shareholders' Equity |
Noncontrolling Interests |
Redeemable Non Controlling Interests |
| Balance at Dec. 31, 2024 |
$ 2,501,689
|
$ 120
|
$ 2,436,285
|
$ 38,650
|
$ (409,383)
|
$ 2,065,672
|
$ 436,017
|
|
|
| Balance (in Shares) at Dec. 31, 2024 |
|
119,658,000
|
|
|
|
|
|
|
|
| Beginning Balance, Redeemable NCI at Dec. 31, 2024 |
|
|
|
|
|
|
|
|
$ 30,583
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Issuance of Common Shares (in Shares) |
|
11,173,000
|
|
|
|
|
|
|
|
| Issuance of Common Shares, net |
277,506
|
$ 11
|
277,495
|
|
|
277,506
|
|
|
|
| Conversion of OP Units to Common Shares by limited partners of the Operating Partnership |
|
|
2,113
|
|
|
2,113
|
(2,113)
|
|
|
| Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares) |
|
136,000
|
|
|
|
|
|
|
|
| Dividends/distributions declared |
(55,284)
|
|
|
|
(52,393)
|
(52,393)
|
(2,891)
|
|
|
| Adjustment of redeemable non-controlling interest to estimated redemption value |
(0)
|
|
|
|
|
|
|
|
|
| City Point Loan accrued interest |
|
|
|
|
|
|
|
|
(6,026)
|
| Employee and trustee stock compensation, net |
5,650
|
|
204
|
|
|
204
|
5,446
|
|
|
| Employee and trustee stock compensation, net (in Shares) |
|
44,000
|
|
|
|
|
|
|
|
| Noncontrolling interest distributions |
(9,674)
|
|
|
|
|
|
(9,674)
|
|
|
| Noncontrolling interest contributions |
8,368
|
|
|
|
|
|
8,368
|
|
10
|
| Consolidation of previously unconsolidated investment |
29,573
|
|
|
|
|
|
29,573
|
|
|
| Comprehensive (loss) income |
(55,062)
|
|
|
(18,668)
|
3,571
|
(15,097)
|
(36,572)
|
|
(3,393)
|
| Comprehensive income (loss) |
(51,669)
|
|
|
|
|
|
|
|
|
| Reallocation of noncontrolling interests |
|
|
(8,879)
|
|
|
(8,879)
|
8,879
|
[1] |
|
| Balance at Jun. 30, 2025 |
2,706,159
|
$ 131
|
2,707,218
|
19,982
|
(458,205)
|
2,269,126
|
437,033
|
|
|
| Balance (in Shares) at Jun. 30, 2025 |
|
131,011,000
|
|
|
|
|
|
|
|
| Ending Balance, Redeemable NCI at Jun. 30, 2025 |
|
|
|
|
|
|
|
|
21,174
|
| Balance at Mar. 31, 2025 |
2,762,746
|
$ 131
|
2,704,731
|
27,064
|
(433,966)
|
2,297,960
|
464,786
|
|
|
| Balance (in Shares) at Mar. 31, 2025 |
|
130,956,000
|
|
|
|
|
|
|
|
| Beginning Balance, Redeemable NCI at Mar. 31, 2025 |
|
|
|
|
|
|
|
|
25,897
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Conversion of OP Units to Common Shares by limited partners of the Operating Partnership |
|
|
395
|
|
|
395
|
(395)
|
|
|
| Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares) |
|
23,000
|
|
|
|
|
|
|
|
| Dividends/distributions declared |
(27,649)
|
|
|
|
(26,202)
|
(26,202)
|
(1,447)
|
|
|
| City Point Loan accrued interest |
|
|
|
|
|
|
|
|
(3,009)
|
| Employee and trustee stock compensation, net |
3,035
|
|
66
|
|
|
66
|
2,969
|
|
|
| Employee and trustee stock compensation, net (in Shares) |
|
32,000
|
|
|
|
|
|
|
|
| Noncontrolling interest distributions |
(4,875)
|
|
|
|
|
|
(4,875)
|
|
|
| Noncontrolling interest contributions |
377
|
|
|
|
|
|
377
|
|
10
|
| Comprehensive (loss) income |
(29,199)
|
|
|
(7,082)
|
1,963
|
(5,119)
|
(22,356)
|
|
(1,724)
|
| Comprehensive income (loss) |
(27,475)
|
|
|
|
|
|
|
|
|
| Reallocation of noncontrolling interests |
|
|
2,026
|
|
|
2,026
|
(2,026)
|
[1] |
|
| Balance at Jun. 30, 2025 |
2,706,159
|
$ 131
|
2,707,218
|
19,982
|
(458,205)
|
2,269,126
|
437,033
|
|
|
| Balance (in Shares) at Jun. 30, 2025 |
|
131,011,000
|
|
|
|
|
|
|
|
| Ending Balance, Redeemable NCI at Jun. 30, 2025 |
|
|
|
|
|
|
|
|
21,174
|
| Balance at Dec. 31, 2025 |
$ 2,620,318
|
$ 131
|
2,710,651
|
15,585
|
(500,720)
|
2,225,647
|
394,671
|
|
|
| Balance (in Shares) at Dec. 31, 2025 |
131,036,560
|
131,037,000
|
|
|
|
|
|
|
|
| Beginning Balance, Redeemable NCI at Dec. 31, 2025 |
$ 9,113
|
|
|
|
|
|
|
|
9,113
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Issuance of Common Shares (in Shares) |
|
6,210,000
|
|
|
|
|
|
|
|
| Issuance of Common Shares, net |
127,314
|
$ 6
|
127,308
|
|
|
127,314
|
|
|
|
| Conversion of OP Units to Common Shares by limited partners of the Operating Partnership |
|
|
751
|
|
|
751
|
(751)
|
|
|
| Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares) |
|
44,000
|
|
|
|
|
|
|
|
| Dividends/distributions declared |
(57,403)
|
|
|
|
(54,161)
|
(54,161)
|
(3,242)
|
|
|
| Adjustment of redeemable non-controlling interest to estimated redemption value |
(5,661)
|
|
|
|
(5,661)
|
(5,661)
|
0
|
|
5,661
|
| Acquisition of noncontrolling interest |
|
|
|
|
|
|
|
|
(8,627)
|
| City Point Loan accrued interest |
|
|
|
|
|
|
|
|
(4,119)
|
| Employee and trustee stock compensation, net |
9,764
|
|
405
|
|
|
405
|
9,359
|
|
|
| Employee and trustee stock compensation, net (in Shares) |
|
39,000
|
|
|
|
|
|
|
|
| Noncontrolling interest distributions |
(195,943)
|
|
|
|
|
|
(195,943)
|
|
(5)
|
| Noncontrolling interest contributions |
1,738
|
|
|
|
|
|
1,738
|
|
4,155
|
| Comprehensive (loss) income |
174,592
|
|
|
10,253
|
41,515
|
51,768
|
124,503
|
|
(1,679)
|
| Comprehensive income (loss) |
176,271
|
|
|
|
|
|
|
|
|
| Reallocation of noncontrolling interests |
|
|
(9,366)
|
|
|
(9,366)
|
9,366
|
[1] |
|
| Balance at Jun. 30, 2026 |
$ 2,676,398
|
$ 137
|
2,829,749
|
25,838
|
(519,027)
|
2,336,697
|
339,701
|
|
|
| Balance (in Shares) at Jun. 30, 2026 |
137,329,896
|
137,330,000
|
|
|
|
|
|
|
|
| Ending Balance, Redeemable NCI at Jun. 30, 2026 |
$ 4,499
|
|
|
|
|
|
|
|
4,499
|
| Balance at Mar. 31, 2026 |
2,635,527
|
$ 134
|
2,755,574
|
20,057
|
(498,735)
|
2,277,030
|
358,497
|
|
|
| Balance (in Shares) at Mar. 31, 2026 |
|
133,514,000
|
|
|
|
|
|
|
|
| Beginning Balance, Redeemable NCI at Mar. 31, 2026 |
|
|
|
|
|
|
|
|
8,457
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Issuance of Common Shares (in Shares) |
|
3,764,000
|
|
|
|
|
|
|
|
| Issuance of Common Shares, net |
71,475
|
$ 3
|
71,472
|
|
|
71,475
|
|
|
|
| Conversion of OP Units to Common Shares by limited partners of the Operating Partnership |
|
|
451
|
|
|
451
|
(451)
|
|
|
| Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares) |
|
26,000
|
|
|
|
|
|
|
|
| Dividends/distributions declared |
(29,083)
|
|
|
|
(27,462)
|
(27,462)
|
(1,621)
|
|
|
| Adjustment of redeemable non-controlling interest to estimated redemption value |
(3,868)
|
|
|
|
(3,868)
|
(3,868)
|
0
|
|
3,868
|
| Acquisition of noncontrolling interest |
|
|
|
|
|
|
|
|
(8,627)
|
| City Point Loan accrued interest |
|
|
|
|
|
|
|
|
(2,373)
|
| Employee and trustee stock compensation, net |
3,353
|
|
289
|
|
|
289
|
3,064
|
|
|
| Employee and trustee stock compensation, net (in Shares) |
|
26,000
|
|
|
|
|
|
|
|
| Noncontrolling interest distributions |
(33,108)
|
|
|
|
|
|
(33,108)
|
|
|
| Noncontrolling interest contributions |
1,732
|
|
|
|
|
|
1,732
|
|
4,155
|
| Comprehensive (loss) income |
29,389
|
|
|
5,781
|
11,038
|
16,819
|
13,551
|
|
(981)
|
| Comprehensive income (loss) |
30,370
|
|
|
|
|
|
|
|
|
| Reallocation of noncontrolling interests |
|
|
1,963
|
|
|
1,963
|
(1,963)
|
[1] |
|
| Balance at Jun. 30, 2026 |
$ 2,676,398
|
$ 137
|
$ 2,829,749
|
$ 25,838
|
$ (519,027)
|
$ 2,336,697
|
$ 339,701
|
|
|
| Balance (in Shares) at Jun. 30, 2026 |
137,329,896
|
137,330,000
|
|
|
|
|
|
|
|
| Ending Balance, Redeemable NCI at Jun. 30, 2026 |
$ 4,499
|
|
|
|
|
|
|
|
$ 4,499
|
|
|