v3.26.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Total
Balance at the beginning of the period at Dec. 31, 2024 $ 714 $ 2,191,840 $ 102,472 $ 48,992 $ 30,009 $ 2,374,027
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     57,311   68 57,379
Issuance of common stock, net / amortization 3 5,028     656 5,687
Dividends declared     (25,597)     (25,597)
Change in accumulated other comprehensive income (loss)       (7,262)   (7,262)
Distributions to noncontrolling interests         (42) (42)
Redemption and transfer of noncontrolling interests   (109)     (16) (125)
Balance at the end of the period at Jun. 30, 2025 717 2,196,759 134,186 41,730 30,675 2,404,067
Balance at the beginning of the period at Mar. 31, 2025 717 2,195,721 119,034 35,360 30,344 2,381,176
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     27,947   22 27,969
Issuance of common stock, net / amortization   1,038     327 1,365
Dividends declared     (12,795)     (12,795)
Change in accumulated other comprehensive income (loss)       6,370   6,370
Distributions to noncontrolling interests         (18) (18)
Balance at the end of the period at Jun. 30, 2025 717 2,196,759 134,186 41,730 30,675 2,404,067
Balance at the beginning of the period at Dec. 31, 2025 717 2,199,265 165,737 42,592 31,568 2,439,879 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     59,016   604 59,620
Issuance of common stock, net / amortization 3 4,378     1,776 6,157
Dividends declared     (25,459)     (25,459)
Change in accumulated other comprehensive income (loss)       9,387   9,387
Contributions from noncontrolling interests   1,229     159,212 160,441
Distributions to noncontrolling interests         (39) (39)
Redemption and transfer of noncontrolling interests   (1,420)     (20) (1,440)
Repurchase of common stock (9) (16,290)       (16,299)
Balance at the end of the period at Jun. 30, 2026 711 2,187,162 199,294 51,979 193,101 2,632,247 [1]
Balance at the beginning of the period at Mar. 31, 2026 718 2,198,355 181,797 47,440 32,378 2,460,688
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     30,155   568 30,723
Issuance of common stock, net / amortization   470     963 1,433
Dividends declared     (12,658)     (12,658)
Change in accumulated other comprehensive income (loss)       4,539   4,539
Contributions from noncontrolling interests   1,229     159,212 160,441
Distributions to noncontrolling interests         (20) (20)
Repurchase of common stock (7) (12,892)       (12,899)
Balance at the end of the period at Jun. 30, 2026 $ 711 $ 2,187,162 $ 199,294 $ 51,979 $ 193,101 $ 2,632,247 [1]
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).