v3.26.3
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Preferred Stock
Common Stock
Additional Paid-in Capital
Cumulative Distributions in Excess of Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning Balance at Dec. 31, 2024 $ 8,725,979 $ 8,324,070 $ 155,676 $ 2,253 $ 8,601,276 $ (441,881) $ 6,746 $ 401,909
Beginning Balance (in shares) at Dec. 31, 2024       225,285,011        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       9,776,768        
Issuance of common stock 478,572 478,572   $ 97 478,475      
Offering costs (974) (974)     (974)      
Share-based compensation (in shares)       237,147        
Share-based compensation 32,947 6,340   $ 3 6,337     26,607
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (in shares)       (43,794)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (1,757) (1,757)     (1,757)      
Repurchase of common stock (in shares)       (3,883,845)        
Repurchase of common stock (150,078) (150,078)   $ (39) (150,039)      
Conversion of OP units to common stock (in shares)       1,439,119        
Conversion of OP Units to common stock 0 60,135   $ 14 60,121     (60,135)
Net (loss) income 287,498 277,452 6,943     270,509   10,046
Other comprehensive income (loss) (7,532) (7,261)         (7,261) (271)
Preferred stock dividends (6,943) (6,943) (6,943)          
Preferred unit distributions (561)             (561)
Common stock dividends (303,441) (303,441)       (303,441)    
Common unit distributions (11,351)             (11,351)
Ending Balance at Sep. 30, 2025 9,042,359 8,676,115 155,676 $ 2,328 8,993,439 (474,813) (515) 366,244
Ending Balance (in shares) at Sep. 30, 2025       232,810,406        
Beginning Balance at Jun. 30, 2025 9,195,024 8,837,090 155,676 $ 2,367 9,140,264 (462,309) 1,092 357,934
Beginning Balance (in shares) at Jun. 30, 2025       236,694,751        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation (in shares)       (25,960)        
Share-based compensation 12,388 2,101     2,101     10,287
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (in shares)       (1,279)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (51) (51)     (51)      
Repurchase of common stock (in shares)       (3,883,845)        
Repurchase of common stock (150,078) (150,078)   $ (39) (150,039)      
Conversion of OP units to common stock (in shares)       26,739        
Conversion of OP Units to common stock 0 1,164     1,164     (1,164)
Net (loss) income 93,056 89,919 2,314     87,605   3,137
Other comprehensive income (loss) (1,663) (1,607)         (1,607) (56)
Preferred stock dividends (2,314) (2,314) (2,314)          
Preferred unit distributions (90)             (90)
Common stock dividends (100,109) (100,109)       (100,109)    
Common unit distributions (3,804)             (3,804)
Ending Balance at Sep. 30, 2025 9,042,359 8,676,115 155,676 $ 2,328 8,993,439 (474,813) (515) 366,244
Ending Balance (in shares) at Sep. 30, 2025       232,810,406        
Beginning Balance at Dec. 31, 2025 $ 8,838,019 8,460,563 155,676 $ 2,316 8,945,123 (642,130) (422) 377,456
Beginning Balance (in shares) at Dec. 31, 2025 231,580,135     231,580,135        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation (in shares)       280,271        
Share-based compensation $ 11,003 7,620   $ 3 7,617     3,383
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (in shares)       (618,688)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock $ (21,504) (21,504)   $ (6) (21,498)      
Repurchase of common stock (in shares) (16,479,275)     (16,479,275)        
Repurchase of common stock $ (609,077) (609,077)   $ (165) (608,912)      
Conversion of OP units to common stock (in shares)       101,598        
Conversion of OP Units to common stock 0 4,157   $ 1 4,156     (4,157)
Net (loss) income (411,179) (395,574) 6,943     (402,517)   (15,605)
Other comprehensive income (loss) 16,022 15,400         15,400 622
Preferred stock dividends (6,943) (6,943) (6,943)          
Preferred unit distributions (271)             (271)
Common stock dividends (288,901) (288,901)       (288,901)    
Common unit distributions (11,884)             (11,884)
Ending Balance at Sep. 30, 2026 $ 7,515,285 7,165,741 155,676 $ 2,149 8,326,486 (1,333,548) 14,978 349,544
Ending Balance (in shares) at Sep. 30, 2026 214,864,041     214,864,041        
Beginning Balance at Jun. 30, 2026 $ 7,893,128 7,541,567 155,676 $ 2,230 8,631,341 (1,255,153) 7,473 351,561
Beginning Balance (in shares) at Jun. 30, 2026       222,989,057        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation (in shares)       (22,282)        
Share-based compensation 5,018 2,370     2,370     2,648
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (in shares)       (712)        
Shares acquired to satisfy employee tax withholding requirements on vesting restricted stock (27) (27)     (27)      
Repurchase of common stock (in shares)       (8,143,611)        
Repurchase of common stock (308,911) (308,911)   $ (82) (308,829)      
Conversion of OP units to common stock (in shares)       41,589        
Conversion of OP Units to common stock 0 1,632   $ 1 1,631     (1,632)
Net (loss) income 18,070 17,385 2,314     15,071   685
Other comprehensive income (loss) 7,819 7,505         7,505 314
Preferred stock dividends (2,314) (2,314) (2,314)          
Preferred unit distributions (91)             (91)
Common stock dividends (93,466) (93,466)       (93,466)    
Common unit distributions (3,941)             (3,941)
Ending Balance at Sep. 30, 2026 $ 7,515,285 $ 7,165,741 $ 155,676 $ 2,149 $ 8,326,486 $ (1,333,548) $ 14,978 $ 349,544
Ending Balance (in shares) at Sep. 30, 2026 214,864,041     214,864,041