v3.26.3
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Cumulative Distributions in Excess of Retained Earnings
Accumulated Other Comprehensive Income
Non- controlling Interests
Beginning balance at Dec. 31, 2024 $ 3,141,424 $ 47 $ 3,450,584 $ (496,543) $ 49,657 $ 137,679
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 17,493     16,743   750
Issuance of shares of common stock under equity incentive plan 104   104      
Offering costs, discounts, and commissions (136)   (136)      
Stock-based compensation, net of three shares of restricted stock forfeited 2,147   2,147      
Retirement of shares of common stock under equity incentive plan (1,446)   (1,446)      
Conversion of Units to shares of common stock 0   3,882     (3,882)
Distributions declared (58,874)     (56,274)   (2,600)
Change in fair value of interest rate swap agreements (19,892)       (19,039) (853)
Realized gain (loss) on interest rate swap agreements (6)       (6)  
Adjustment of non-controlling interests 0   906   (892) (14)
Ending balance at Mar. 31, 2025 3,080,814 47 3,456,041 (536,074) 29,720 131,080
Beginning balance at Dec. 31, 2024 3,141,424 47 3,450,584 (496,543) 49,657 137,679
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 64,388          
Conversion of Units to shares of common stock     5,211      
Change in fair value of interest rate swap agreements (35,336)          
Realized gain (loss) on interest rate swap agreements 6,091          
Ending balance at Sep. 30, 2025 3,012,509 47 3,463,010 (597,571) 19,172 127,851
Beginning balance at Mar. 31, 2025 3,080,814 47 3,456,041 (536,074) 29,720 131,080
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 19,830     20,160   (330)
Issuance of shares of common stock under equity incentive plan 0          
Contributions from non-controlling interests 1,173         1,173
Offering costs, discounts, and commissions (132)   (132)      
Stock-based compensation, net of three shares of restricted stock forfeited 2,471   2,471      
Distributions declared (57,866)     (55,388)   (2,478)
Change in fair value of interest rate swap agreements (10,463)       (10,018) (445)
Realized gain (loss) on interest rate swap agreements (6)       (6)  
Adjustment of non-controlling interests 0   1,559   (1,687) 128
Ending balance at Jun. 30, 2025 3,035,821 47 3,459,939 (571,302) 18,009 129,128
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 27,065     26,466   599
Issuance of shares of common stock under equity incentive plan 0          
Contributions from non-controlling interests 1,581         1,581
Offering costs, discounts, and commissions (175)   (175)      
Stock-based compensation, net of three shares of restricted stock forfeited 2,488   2,488      
Conversion of Units to shares of common stock 0   1,329     (1,329)
Distributions declared (55,395)     (52,735)   (2,660)
Change in fair value of interest rate swap agreements (4,981)       (4,770) (211)
Realized gain (loss) on interest rate swap agreements 6,103       5,845 (258)
Adjustment of non-controlling interests 2   (571)   88 485
Ending balance at Sep. 30, 2025 3,012,509 47 3,463,010 (597,571) 19,172 127,851
Beginning balance at Dec. 31, 2025 3,033,461 48 3,502,380 (620,221) 19,788 131,466
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 46,392     46,365   27
Issuance of shares of common stock under equity incentive plan 1,053   1,053      
Contributions from non-controlling interests 43         43
Stock-based compensation, net of three shares of restricted stock forfeited 2,566   2,566      
Retirement of shares of common stock under equity incentive plan (5,183)   (5,183)      
Distributions declared (59,605)     (57,095)   (2,510)
Change in fair value of interest rate swap agreements 2,591       2,483 108
Realized gain (loss) on interest rate swap agreements 31       30 1
Adjustment of non-controlling interests 0   1,649   (1,403) (246)
Ending balance at Mar. 31, 2026 3,021,349 48 3,502,465 (630,951) 20,898 128,889
Beginning balance at Dec. 31, 2025 3,033,461 48 3,502,380 (620,221) 19,788 131,466
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 114,786          
Conversion of Units to shares of common stock     2,175      
Change in fair value of interest rate swap agreements 19,279          
Realized gain (loss) on interest rate swap agreements 75          
Ending balance at Sep. 30, 2026 2,997,238 48 3,507,541 (677,162) 38,400 128,411
Beginning balance at Mar. 31, 2026 3,021,349 48 3,502,465 (630,951) 20,898 128,889
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 40,255     39,799   456
Issuance of shares of common stock under equity incentive plan 0          
Offering costs, discounts, and commissions (251)   (251)      
Stock-based compensation, net of three shares of restricted stock forfeited 2,859   2,859      
Distributions declared (60,061)     (57,589)   (2,472)
Change in fair value of interest rate swap agreements 3,934       3,771 163
Realized gain (loss) on interest rate swap agreements 22       21 1
Adjustment of non-controlling interests 0   (497)   430 67
Ending balance at Jun. 30, 2026 3,008,107 48 3,504,576 (648,741) 25,120 127,104
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 28,139     27,117   1,022
Issuance of shares of common stock under equity incentive plan 0          
Contributions from non-controlling interests 4,013         4,013
Offering costs, discounts, and commissions (700)   (700)      
Stock-based compensation, net of three shares of restricted stock forfeited 2,892   2,892      
Conversion of Units to shares of common stock 0   2,175     (2,175)
Distributions declared (57,989)     (55,538)   (2,451)
Change in fair value of interest rate swap agreements 12,754       12,232 522
Realized gain (loss) on interest rate swap agreements 22       21 1
Adjustment of non-controlling interests 0   (1,402)   1,027 375
Ending balance at Sep. 30, 2026 $ 2,997,238 $ 48 $ 3,507,541 $ (677,162) $ 38,400 $ 128,411