v3.26.1
Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Noncontrolling Interest
Beginning Balance (in shares) at Dec. 31, 2024   274,422,549        
Beginning Balance at Dec. 31, 2024 $ 4,645,524 $ 2,744 $ 6,209,827 $ (1,944,009)   $ 376,962
Increase (Decrease) in Shareholders' Equity            
Restricted stock activity (in shares)   410,450        
Restricted stock and LTIP unit activity $ (5,948) $ 4 (9,478)     3,526
Dividends declared per common share (in dollars per share) $ 0.76          
Dividends paid $ (209,061)     (209,061)    
Distributions to noncontrolling interest (6,341)         (6,341)
Net income 170,354     165,184   5,170
Ending Balance (in shares) at Mar. 31, 2025   274,832,999        
Ending Balance at Mar. 31, 2025 4,594,528 $ 2,748 6,200,349 (1,987,886)   379,317
Beginning Balance (in shares) at Dec. 31, 2024   274,422,549        
Beginning Balance at Dec. 31, 2024 4,645,524 $ 2,744 6,209,827 (1,944,009)   376,962
Increase (Decrease) in Shareholders' Equity            
Unrealized gain on cash flow hedges 864          
Reclassification of derivative gain to interest expense 0          
Net income 326,519          
Ending Balance (in shares) at Jun. 30, 2025   283,007,539        
Ending Balance at Jun. 30, 2025 4,933,310 $ 2,830 6,608,591 (2,057,380) $ 837 378,432
Beginning Balance (in shares) at Mar. 31, 2025   274,832,999        
Beginning Balance at Mar. 31, 2025 4,594,528 $ 2,748 6,200,349 (1,987,886)   379,317
Increase (Decrease) in Shareholders' Equity            
Stock option activity (in shares)   8,170,387        
Issuance of common stock, net of costs 403,038 $ 82 402,956      
Restricted stock activity (in shares)   4,153        
Restricted stock and LTIP unit activity $ 6,156 $ 0 5,286     870
Dividends declared per common share (in dollars per share) $ 0.78          
Dividends paid $ (220,933)     (220,933)    
Reclassification of derivative gain on cash flow hedges to interest expense           (27)
Unrealized gain on cash flow hedges 864          
Unrealized gain on cash flow hedges         837  
Reclassification of derivative gain to interest expense 0          
Distributions to noncontrolling interest (6,508)         (6,508)
Net income 156,165     151,439   4,726
Ending Balance (in shares) at Jun. 30, 2025   283,007,539        
Ending Balance at Jun. 30, 2025 $ 4,933,310 $ 2,830 6,608,591 (2,057,380) 837 378,432
Beginning Balance (in shares) at Dec. 31, 2025 283,037,310 283,037,310        
Beginning Balance at Dec. 31, 2025 $ 5,008,260 $ 2,830 6,613,488 (1,990,770) 904 381,808
Increase (Decrease) in Shareholders' Equity            
Issuance of common stock, net of costs (120)   (120)      
Restricted stock activity (in shares)   184,531        
Restricted stock and LTIP unit activity $ 1,842 $ 2 (2,209)     4,049
Dividends declared per common share (in dollars per share) $ 0.78          
Dividends paid $ (221,068)     (221,068)    
Issuance of operating partnership units 15,393         15,393
Reclassification of derivative gain to interest expense (24)       (23) (1)
Distributions to noncontrolling interest (6,856)         (6,856)
Net income 239,402     231,829   7,573
Ending Balance (in shares) at Mar. 31, 2026   283,221,841        
Ending Balance at Mar. 31, 2026 $ 5,036,829 $ 2,832 6,611,159 (1,980,009) 881 401,966
Beginning Balance (in shares) at Dec. 31, 2025 283,037,310 283,037,310        
Beginning Balance at Dec. 31, 2025 $ 5,008,260 $ 2,830 6,613,488 (1,990,770) 904 381,808
Increase (Decrease) in Shareholders' Equity            
Unrealized gain on cash flow hedges 0          
Reclassification of derivative gain to interest expense (48)          
Net income $ 474,346          
Ending Balance (in shares) at Jun. 30, 2026 290,919,328 290,919,328        
Ending Balance at Jun. 30, 2026 $ 5,381,427 $ 2,909 6,969,771 (1,990,222) 858 398,111
Beginning Balance (in shares) at Mar. 31, 2026   283,221,841        
Beginning Balance at Mar. 31, 2026 5,036,829 $ 2,832 6,611,159 (1,980,009) 881 401,966
Increase (Decrease) in Shareholders' Equity            
Stock option activity (in shares)   7,589,487        
Issuance of common stock, net of costs 350,871 $ 76 350,795      
Restricted stock activity (in shares)   0        
Restricted stock and LTIP unit activity $ 4,644 $ 0 3,025     1,619
Dividends declared per common share (in dollars per share) $ 0.82          
Dividends paid $ (238,629)     (238,629)    
Unrealized gain on cash flow hedges $ 0          
Conversion of noncontrolling interest to common shares (in shares) 108,000 108,000        
Redemption of noncontrolling interests to common shares $ 0 $ 1 4,792     (4,793)
Reclassification of derivative gain to interest expense (24)       (23) (1)
Distributions to noncontrolling interest (7,208)         (7,208)
Net income $ 234,944     228,416   6,528
Ending Balance (in shares) at Jun. 30, 2026 290,919,328 290,919,328        
Ending Balance at Jun. 30, 2026 $ 5,381,427 $ 2,909 $ 6,969,771 $ (1,990,222) $ 858 $ 398,111