v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Instruments
The table below summarizes our interest rate swap instruments as of June 30, 2026:
Agreement Date
Forward
Effective Date
Maturity
Date		Strike
Rate		IndexNotional
Amount
September 20, 2024December 31, 2024May 31, 20283.13%One month Term SOFR$200,000 
September 20, 2024December 31, 2024May 31, 20283.14%One month Term SOFR200,000 
September 23, 2024December 31, 2024May 31, 20283.13%One month Term SOFR200,000 
September 24, 2024December 31, 2024May 31, 20283.08%One month Term SOFR200,000 
September 24, 2024December 31, 2024May 31, 20283.08%One month Term SOFR200,000 
September 25, 2024December 31, 2024May 31, 20281.93%One month Term SOFR200,000 
September 25, 2024December 31, 2024May 31, 20293.12%One month Term SOFR200,000 
May 8, 2025May 8, 2025May 31, 20283.51%One month Term SOFR200,000 
June 20, 2025June 20, 2025May 31, 20283.60%One month Term SOFR200,000 
March 22, 2023July 9, 2025May 31, 20292.99%One month Term SOFR300,000 
Schedule of Fair Values of Derivative Instruments on the Condensed Consolidated Balance Sheets
The table below presents the fair value of our derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025:
Asset DerivativesLiability Derivatives
Fair Value as ofFair Value as of
Balance
Sheet Location		June 30,
2026		December 31, 2025Balance
Sheet Location		June 30,
2026		December 31, 2025
Derivatives designated as hedging instruments:
Interest rate swapsOther assets$37,276 $14,354 Other liabilities$— $2,616 
Derivatives not designated as hedging instruments:
Interest rate capsOther assets— — Other liabilities— — 
Total$37,276 $14,354 $— $2,616 
Schedule of Offsetting Derivative Assets The tables below present a gross presentation, the effects of offsetting, and a net presentation of our derivatives as of June 30, 2026 and December 31, 2025:
June 30, 2026
Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/ LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/ Liabilities Presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet
Amount
Offsetting assets:
Derivatives$37,276 $— $37,276 $— $— $37,276 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 

December 31, 2025
Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/ LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/ Liabilities Presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet
Amount
Offsetting assets:
Derivatives$14,354 $— $14,354 $(1,106)$— $13,248 
Offsetting liabilities:
Derivatives$2,616 $— $2,616 $(1,106)$— $1,510 
Schedule of Offsetting Derivative Liabilities The tables below present a gross presentation, the effects of offsetting, and a net presentation of our derivatives as of June 30, 2026 and December 31, 2025:
June 30, 2026
Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/ LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/ Liabilities Presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet
Amount
Offsetting assets:
Derivatives$37,276 $— $37,276 $— $— $37,276 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 

December 31, 2025
Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/ LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/ Liabilities Presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet
Amount
Offsetting assets:
Derivatives$14,354 $— $14,354 $(1,106)$— $13,248 
Offsetting liabilities:
Derivatives$2,616 $— $2,616 $(1,106)$— $1,510 
Schedule of Effect of Derivative Instruments on the Condensed Consolidated Statements of Comprehensive Income (Loss) and the Condensed Consolidated Statements of Operations
The table below presents the effect of our derivative financial instruments on the condensed consolidated statements of comprehensive income (loss) and the condensed consolidated statements of operations for the three months ended June 30, 2026 and 2025:
Amount of Gain (Loss) Recognized in OCI on DerivativesLocation of Gain (Loss) Reclassified from Accumulated OCI into Net IncomeAmount of Gain Reclassified from Accumulated OCI into Net Income
Total Amount of Interest Expense Presented in the Condensed Consolidated Statements of Operations
For the Three Months
Ended June 30,		For the Three Months
Ended June 30,		For the Three Months
Ended June 30,
202620252026202520262025
    Derivatives in cash flow hedging relationships:
Interest rate swaps$17,054 $(10,768)Interest expense$2,510 $9,057 $93,987 $87,414 
The table below presents the effect of our derivative financial instruments on the condensed consolidated statements of comprehensive income (loss) and the condensed consolidated statements of operations for the six months ended June 30, 2026 and 2025:
Amount of Gain (Loss) Recognized in OCI on DerivativesLocation of Gain (Loss) Reclassified from Accumulated OCI into Net IncomeAmount of Gain Reclassified from Accumulated OCI into Net Income
Total Amount of Interest Expense Presented in the Condensed Consolidated Statements of Operations
For the Six Months Ended June 30,For the Six Months Ended June 30,For the Six Months Ended June 30,
202620252026202520262025
    Derivatives in cash flow hedging relationships:
Interest rate swaps$31,824 $(29,726)Interest expense$5,199 $19,844 $189,300 $171,668