v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Cumulative Distributions in Excess of Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024     186,993,010        
Beginning balance at Dec. 31, 2024 $ 2,911,140 $ 2,908,417 $ 1,870 $ 3,439,117 $ (532,570) $ 0 $ 2,723
Total Equity              
Issuance of common stock, net (in shares)     553,023        
Issuance of common stock, net 15,562 15,562 $ 6 15,556      
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (in shares)     123,915        
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (3,325) (3,325) $ 1 (3,326)      
Amortization of stock-based compensation 3,909 3,909   3,909      
Common dividends (63,053) (63,053)     (63,053)    
Distributions to noncontrolling interests (2)           (2)
Contributions from noncontrolling interests 642           642
Net income (loss) 65,908 65,802     65,802   106
Ending balance (in shares) at Mar. 31, 2025     187,669,948        
Ending balance at Mar. 31, 2025 2,930,781 2,927,312 $ 1,877 3,455,256 (529,821) 0 3,469
Beginning balance at Dec. 31, 2024 18,243            
Redeemable Noncontrolling Interests              
Distributions to noncontrolling interests (900)            
Contributions from noncontrolling interests 768            
Net income (loss) (715)            
Ending balance at Mar. 31, 2025 17,396            
Beginning balance (in shares) at Dec. 31, 2024     186,993,010        
Beginning balance at Dec. 31, 2024 2,911,140 2,908,417 $ 1,870 3,439,117 (532,570) 0 2,723
Ending balance (in shares) at Jun. 30, 2025     199,746,343        
Ending balance at Jun. 30, 2025 3,304,043 3,300,532 $ 1,997 3,807,882 (528,376) 19,029 3,511
Beginning balance at Dec. 31, 2024 18,243            
Ending balance at Jun. 30, 2025 20,934            
Beginning balance (in shares) at Mar. 31, 2025     187,669,948        
Beginning balance at Mar. 31, 2025 2,930,781 2,927,312 $ 1,877 3,455,256 (529,821) 0 3,469
Total Equity              
Issuance of common stock, net (in shares)     12,054,683        
Issuance of common stock, net 349,720 349,720 $ 120 349,600      
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (in shares)     21,712        
Amortization of stock-based compensation 3,026 3,026   3,026      
Common dividends (67,100) (67,100)     (67,100)    
Distributions to noncontrolling interests (35)           (35)
Contributions from noncontrolling interests 0            
Net income (loss) 68,622 68,545     68,545   77
Other comprehensive loss 19,029 19,029       19,029  
Ending balance (in shares) at Jun. 30, 2025     199,746,343        
Ending balance at Jun. 30, 2025 3,304,043 3,300,532 $ 1,997 3,807,882 (528,376) 19,029 3,511
Beginning balance at Mar. 31, 2025 17,396            
Redeemable Noncontrolling Interests              
Distributions to noncontrolling interests (1,220)            
Contributions from noncontrolling interests 5,478            
Net income (loss) (720)            
Ending balance at Jun. 30, 2025 $ 20,934            
Beginning balance (in shares) at Dec. 31, 2025 222,746,343   222,746,343        
Beginning balance at Dec. 31, 2025 $ 4,040,812 4,035,280 $ 2,227 4,518,977 (491,796) 5,872 5,532
Total Equity              
Issuance of common stock, net (in shares)     3,500,000        
Issuance of common stock, net 127,904 127,904 $ 35 127,869      
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (in shares)     285,088        
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (10,490) (10,490) $ 3 (10,493)      
Amortization of stock-based compensation 3,448 1,983   1,983     1,465
Common dividends (88,452) (88,452)     (88,452)    
Distributions to noncontrolling interests (486)           (486)
Contributions from noncontrolling interests 125           125
Net income (loss) 80,142 80,210     80,210   (68)
Other comprehensive loss (14,839) (14,839)       (14,839)  
Ending balance (in shares) at Mar. 31, 2026     226,531,431        
Ending balance at Mar. 31, 2026 4,138,164 4,131,596 $ 2,265 4,638,336 (500,038) (8,967) 6,568
Beginning balance at Dec. 31, 2025 18,156            
Redeemable Noncontrolling Interests              
Distributions to noncontrolling interests (1,814)            
Net income (loss) (637)            
Ending balance at Mar. 31, 2026 $ 15,705            
Beginning balance (in shares) at Dec. 31, 2025 222,746,343   222,746,343        
Beginning balance at Dec. 31, 2025 $ 4,040,812 4,035,280 $ 2,227 4,518,977 (491,796) 5,872 5,532
Ending balance (in shares) at Jun. 30, 2026 236,054,579   236,054,579        
Ending balance at Jun. 30, 2026 $ 4,499,932 4,491,393 $ 2,360 4,996,230 (503,199) (3,998) 8,539
Beginning balance at Dec. 31, 2025 18,156            
Ending balance at Jun. 30, 2026 13,322            
Beginning balance (in shares) at Mar. 31, 2026     226,531,431        
Beginning balance at Mar. 31, 2026 4,138,164 4,131,596 $ 2,265 4,638,336 (500,038) (8,967) 6,568
Total Equity              
Issuance of common stock, net (in shares)     9,503,000        
Issuance of common stock, net 356,432 356,432 $ 95 356,337      
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (in shares)     20,148        
Amortization of stock-based compensation 3,023 1,557   1,557     1,466
Common dividends (92,157) (92,157)     (92,157)    
Distributions to noncontrolling interests (467)           (467)
Contributions from noncontrolling interests 1,059           1,059
Net income (loss) 88,909 88,996     88,996   (87)
Other comprehensive loss $ 4,969 4,969       4,969  
Ending balance (in shares) at Jun. 30, 2026 236,054,579   236,054,579        
Ending balance at Jun. 30, 2026 $ 4,499,932 $ 4,491,393 $ 2,360 $ 4,996,230 $ (503,199) $ (3,998) $ 8,539
Beginning balance at Mar. 31, 2026 15,705            
Redeemable Noncontrolling Interests              
Distributions to noncontrolling interests (1,710)            
Net income (loss) (673)            
Ending balance at Jun. 30, 2026 $ 13,322