v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Additional Paid-in-Capital
Accumulated Distributions in Excess of Net Income
Accumulated Other Comprehensive Income/(Loss)
Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ 2,120,783 $ 94,016 $ 6 $ 3,315,127 $ (1,316,993) $ 6,136 $ 22,491
Preferred Shares, Beginning balance (in shares) at Dec. 31, 2024   1,935,400          
Common Shares Beginning balance (in shares) at Dec. 31, 2024     58,899,958        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Capital contributions 1,659           1,659
Share-based compensation, net 7,715   $ 0 7,715     0
Share-based compensation, net (in shares)     253,204        
Dividends/distributions (140,464)       (123,939)   (16,525)
Net income (loss) 88,916       84,389   4,527
Other comprehensive income (loss) (5,076)         (5,076) 0
Company's share of other comprehensive income (loss) of non-consolidated entities (55)         (55) 0
Ending balance at Sep. 30, 2025 2,073,478 $ 94,016 $ 6 3,322,842 (1,356,543) 1,005 12,152
Preferred Shares, Ending balance (in shares) at Sep. 30, 2025   1,935,400          
Common Shares Ending balance (in shares) at Sep. 30, 2025     59,153,162        
Beginning balance at Jun. 30, 2025 2,086,174 $ 94,016 $ 6 3,320,093 (1,351,361) 1,601 21,819
Preferred Shares, Beginning balance (in shares) at Jun. 30, 2025   1,935,400          
Common Shares Beginning balance (in shares) at Jun. 30, 2025     59,151,276        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Capital contributions 670           670
Share-based compensation, net 2,749     2,749     0
Share-based compensation, net (in shares)     1,886        
Dividends/distributions (57,876)       (41,461)   (16,415)
Net income (loss) 42,357       36,279   6,078
Other comprehensive income (loss) (558)         (558) 0
Company's share of other comprehensive income (loss) of non-consolidated entities (38)         (38) 0
Ending balance at Sep. 30, 2025 2,073,478 $ 94,016 $ 6 3,322,842 (1,356,543) 1,005 12,152
Preferred Shares, Ending balance (in shares) at Sep. 30, 2025   1,935,400          
Common Shares Ending balance (in shares) at Sep. 30, 2025     59,153,162        
Beginning balance at Dec. 31, 2025 $ 2,048,378 $ 94,016 $ 6 3,313,884 (1,371,654) 427 11,699
Preferred Shares, Beginning balance (in shares) at Dec. 31, 2025   1,935,400          
Common Shares Beginning balance (in shares) at Dec. 31, 2025 59,077,234   59,077,234        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Capital contributions $ 1,758           1,758
Share-based compensation, net 6,033     6,033     0
Share-based compensation, net (in shares)     204,604        
Repurchase of common shares (7,976)     (7,976)     0
Repurchase of common shares (in shares)     (324,586)        
Purchase of noncontrolling interest in consolidated joint venture (10,942)     (5,071)     (5,871)
Preferred shares conversion (1) $ (2)   1     0
Preferred shares conversion (in shares)   (25) 12        
Dividends/distributions (85,919)       (85,731)   (188)
Net income (loss) 91,753       91,870   (117)
Other comprehensive income (loss) 1,291         1,291 0
Company's share of other comprehensive income (loss) of non-consolidated entities 254         254 0
Ending balance at Sep. 30, 2026 $ 2,044,629 $ 94,014 $ 6 3,306,871 (1,365,515) 1,972 7,281
Preferred Shares, Ending balance (in shares) at Sep. 30, 2026   1,935,375          
Common Shares Ending balance (in shares) at Sep. 30, 2026 58,957,264   58,957,264        
Beginning balance at Jun. 30, 2026 $ 1,960,520 $ 94,014 $ 6 3,308,879 (1,456,767) 1,774 12,614
Preferred Shares, Beginning balance (in shares) at Jun. 30, 2026   1,935,375          
Common Shares Beginning balance (in shares) at Jun. 30, 2026     58,952,524        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Capital contributions 540           540
Share-based compensation, net 3,063     3,063     0
Share-based compensation, net (in shares)     4,740        
Purchase of noncontrolling interest in consolidated joint venture (10,942)     (5,071)     (5,871)
Dividends/distributions (802)       (802)   0
Net income (loss) 92,052       92,054   (2)
Other comprehensive income (loss) 81         81 0
Company's share of other comprehensive income (loss) of non-consolidated entities 117         117 0
Ending balance at Sep. 30, 2026 $ 2,044,629 $ 94,014 $ 6 $ 3,306,871 $ (1,365,515) $ 1,972 $ 7,281
Preferred Shares, Ending balance (in shares) at Sep. 30, 2026   1,935,375          
Common Shares Ending balance (in shares) at Sep. 30, 2026 58,957,264   58,957,264