v3.26.3
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Total Stockholders’ Equity
Common Stock
APIC
AOCI
Accumulated Deficit
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024     125,120        
Beginning balance at Dec. 31, 2024 $ 2,633,985 $ 2,319,922 $ 1,251 $ 3,646,801 $ 4,305 $ (1,332,435) $ 314,063
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Change in unrealized value on interest rate swaps (3,674) (3,329)     (3,329)   (345)
Common distributions declared (117,057) (117,057)       (117,057)  
Distributions to noncontrolling interests (12,437)           (12,437)
Share-based compensation (in shares)     85        
Share-based compensation $ 8,534 2,459 $ 1 2,458     6,075
Conversion of noncontrolling interests (in shares) 505   505        
Conversion of noncontrolling interests $ 0 12,020 $ 5 12,011 4   (12,020)
Net income 70,373 63,778       63,778 6,595
Ending balance (in shares) at Sep. 30, 2025     125,710        
Ending balance at Sep. 30, 2025 2,579,724 2,277,793 $ 1,257 3,661,270 980 (1,385,714) 301,931
Beginning balance (in shares) at Jun. 30, 2025     125,611        
Beginning balance at Jun. 30, 2025 2,594,222 2,290,139 $ 1,256 3,657,722 1,989 (1,370,828) 304,083
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Change in unrealized value on interest rate swaps (1,112) (1,009)     (1,009)   (103)
Common distributions declared (39,571) (39,571)       (39,571)  
Distributions to noncontrolling interests (4,210)           (4,210)
Share-based compensation $ 3,167 1,177   1,177     1,990
Conversion of noncontrolling interests (in shares) 99   99        
Conversion of noncontrolling interests $ 0 2,372 $ 1 2,371     (2,372)
Net income 27,228 24,685       24,685 2,543
Ending balance (in shares) at Sep. 30, 2025     125,710        
Ending balance at Sep. 30, 2025 2,579,724 2,277,793 $ 1,257 3,661,270 980 (1,385,714) 301,931
Beginning balance (in shares) at Dec. 31, 2025     125,788        
Beginning balance at Dec. 31, 2025 2,589,378 2,286,569 $ 1,258 3,664,205 358 (1,379,252) 302,809
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     2,203        
Issuance of common stock 92,625 92,625 $ 22 92,603      
Offering costs, discounts, and commissions (1,265) (1,265)   (1,265)      
Change in unrealized value on interest rate swaps (198) (178)     (178)   (20)
Common distributions declared (125,146) (125,146)       (125,146)  
Distributions to noncontrolling interests (12,500)           (12,500)
Share-based compensation (in shares)     84        
Share-based compensation $ 9,280 2,820 $ 1 2,819     6,460
Conversion of noncontrolling interests (in shares) 837   837        
Conversion of noncontrolling interests $ 0 20,178 $ 8 20,169 1   (20,178)
Net income 147,120 134,173       134,173 12,947
Ending balance (in shares) at Sep. 30, 2026     128,912        
Ending balance at Sep. 30, 2026 2,699,294 2,409,776 $ 1,289 3,778,531 181 (1,370,225) 289,518
Beginning balance (in shares) at Jun. 30, 2026     128,425        
Beginning balance at Jun. 30, 2026 2,668,155 2,374,292 $ 1,284 3,762,738 286 (1,390,016) 293,863
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     154        
Issuance of common stock 6,480 6,480 $ 2 6,478      
Offering costs, discounts, and commissions (177) (177)   (177)      
Change in unrealized value on interest rate swaps (117) (105)     (105)   (12)
Common distributions declared (42,887) (42,887)       (42,887)  
Distributions to noncontrolling interests (4,278)           (4,278)
Share-based compensation $ 3,494 1,298   1,298     2,196
Conversion of noncontrolling interests (in shares) 333   333        
Conversion of noncontrolling interests $ 0 8,197 $ 3 8,194     (8,197)
Net income 68,624 62,678       62,678 5,946
Ending balance (in shares) at Sep. 30, 2026     128,912        
Ending balance at Sep. 30, 2026 $ 2,699,294 $ 2,409,776 $ 1,289 $ 3,778,531 $ 181 $ (1,370,225) $ 289,518