Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) - USD ($)
$ in Thousands |
Total |
Common Stock |
Additional Paid-In Capital |
Accumulated Deficit |
Accumulated Other Comprehensive Income |
Noncontrolling Interest |
| Beginning Balance (in shares) at Dec. 31, 2024 |
|
274,422,549
|
|
|
|
|
| Beginning Balance at Dec. 31, 2024 |
$ 4,645,524
|
$ 2,744
|
$ 6,209,827
|
$ (1,944,009)
|
|
$ 376,962
|
| Increase (Decrease) in Shareholders' Equity |
|
|
|
|
|
|
| Restricted stock activity (in shares) |
|
410,450
|
|
|
|
|
| Restricted stock and LTIP unit activity |
$ (5,948)
|
$ 4
|
(9,478)
|
|
|
3,526
|
| Dividends declared per common share (in dollars per share) |
$ 0.76
|
|
|
|
|
|
| Dividends paid |
$ (209,061)
|
|
|
(209,061)
|
|
|
| Distributions to noncontrolling interest |
(6,341)
|
|
|
|
|
(6,341)
|
| Net income |
170,354
|
|
|
165,184
|
|
5,170
|
| Ending Balance (in shares) at Mar. 31, 2025 |
|
274,832,999
|
|
|
|
|
| Ending Balance at Mar. 31, 2025 |
4,594,528
|
$ 2,748
|
6,200,349
|
(1,987,886)
|
$ 0
|
379,317
|
| Beginning Balance (in shares) at Dec. 31, 2024 |
|
274,422,549
|
|
|
|
|
| Beginning Balance at Dec. 31, 2024 |
4,645,524
|
$ 2,744
|
6,209,827
|
(1,944,009)
|
|
376,962
|
| Increase (Decrease) in Shareholders' Equity |
|
|
|
|
|
|
| Gain on cash flow hedges |
967
|
|
|
|
|
|
| Reclassification of derivative gain to interest expense |
(9)
|
|
|
|
|
|
| Net income |
575,000
|
|
|
|
|
|
| Ending Balance (in shares) at Sep. 30, 2025 |
|
283,008,342
|
|
|
|
|
| Ending Balance at Sep. 30, 2025 |
4,955,851
|
$ 2,830
|
6,609,678
|
(2,037,129)
|
927
|
379,545
|
| Beginning Balance (in shares) at Mar. 31, 2025 |
|
274,832,999
|
|
|
|
|
| Beginning Balance at Mar. 31, 2025 |
4,594,528
|
$ 2,748
|
6,200,349
|
(1,987,886)
|
0
|
379,317
|
| Increase (Decrease) in Shareholders' Equity |
|
|
|
|
|
|
| Issuance of common stock (in shares) |
|
8,170,387
|
|
|
|
|
| Issuance of common stock, net of costs |
403,038
|
$ 82
|
402,956
|
|
|
|
| Restricted stock activity (in shares) |
|
4,153
|
|
|
|
|
| Restricted stock and LTIP unit activity |
$ 6,156
|
$ 0
|
5,286
|
|
|
870
|
| Dividends declared per common share (in dollars per share) |
$ 0.78
|
|
|
|
|
|
| Dividends paid |
$ (220,933)
|
|
|
(220,933)
|
|
|
| Reclassification of derivative gain on cash flow hedges to interest expense |
|
|
|
|
|
(27)
|
| Gain on cash flow hedges |
864
|
|
|
|
|
|
| Gain on cash flow hedges |
|
|
|
|
837
|
|
| Distributions to noncontrolling interest |
(6,508)
|
|
|
|
|
(6,508)
|
| Net income |
156,165
|
|
|
151,439
|
|
4,726
|
| Ending Balance (in shares) at Jun. 30, 2025 |
|
283,007,539
|
|
|
|
|
| Ending Balance at Jun. 30, 2025 |
4,933,310
|
$ 2,830
|
6,608,591
|
(2,057,380)
|
837
|
378,432
|
| Increase (Decrease) in Shareholders' Equity |
|
|
|
|
|
|
| Issuance of common stock, net of costs |
(136)
|
|
(136)
|
|
|
|
| Restricted stock activity (in shares) |
|
803
|
|
|
|
|
| Restricted stock and LTIP unit activity |
$ 1,534
|
$ 0
|
1,223
|
|
|
311
|
| Dividends declared per common share (in dollars per share) |
$ 0.78
|
|
|
|
|
|
| Dividends paid |
$ (220,940)
|
|
|
(220,940)
|
|
|
| Reclassification of derivative gain on cash flow hedges to interest expense |
|
|
|
|
|
(4)
|
| Gain on cash flow hedges |
103
|
|
|
|
|
|
| Gain on cash flow hedges |
|
|
|
|
99
|
|
| Reclassification of derivative gain to interest expense |
(9)
|
|
|
|
(9)
|
0
|
| Distributions to noncontrolling interest |
(6,492)
|
|
|
|
|
(6,492)
|
| Net income |
248,481
|
|
|
241,191
|
|
7,290
|
| Ending Balance (in shares) at Sep. 30, 2025 |
|
283,008,342
|
|
|
|
|
| Ending Balance at Sep. 30, 2025 |
$ 4,955,851
|
$ 2,830
|
6,609,678
|
(2,037,129)
|
927
|
379,545
|
| Beginning Balance (in shares) at Dec. 31, 2025 |
283,037,310
|
283,037,310
|
|
|
|
|
| Beginning Balance at Dec. 31, 2025 |
$ 5,008,260
|
$ 2,830
|
6,613,488
|
(1,990,770)
|
904
|
381,808
|
| Increase (Decrease) in Shareholders' Equity |
|
|
|
|
|
|
| Issuance of common stock, net of costs |
(120)
|
|
(120)
|
|
|
|
| Restricted stock activity (in shares) |
|
184,531
|
|
|
|
|
| Restricted stock and LTIP unit activity |
$ 1,842
|
$ 2
|
(2,209)
|
|
|
4,049
|
| Dividends declared per common share (in dollars per share) |
$ 0.78
|
|
|
|
|
|
| Dividends paid |
$ (221,068)
|
|
|
(221,068)
|
|
|
| Issuance of operating partnership units |
15,393
|
|
|
|
|
15,393
|
| Reclassification of derivative gain to interest expense |
(24)
|
|
|
|
(23)
|
(1)
|
| Distributions to noncontrolling interest |
(6,856)
|
|
|
|
|
(6,856)
|
| Net income |
239,402
|
|
|
231,829
|
|
7,573
|
| Ending Balance (in shares) at Mar. 31, 2026 |
|
283,221,841
|
|
|
|
|
| Ending Balance at Mar. 31, 2026 |
$ 5,036,829
|
$ 2,832
|
6,611,159
|
(1,980,009)
|
881
|
401,966
|
| Beginning Balance (in shares) at Dec. 31, 2025 |
283,037,310
|
283,037,310
|
|
|
|
|
| Beginning Balance at Dec. 31, 2025 |
$ 5,008,260
|
$ 2,830
|
6,613,488
|
(1,990,770)
|
904
|
381,808
|
| Increase (Decrease) in Shareholders' Equity |
|
|
|
|
|
|
| Gain on cash flow hedges |
0
|
|
|
|
|
|
| Reclassification of derivative gain to interest expense |
(72)
|
|
|
|
|
|
| Net income |
$ 688,175
|
|
|
|
|
|
| Ending Balance (in shares) at Sep. 30, 2026 |
290,923,261
|
290,923,261
|
|
|
|
|
| Ending Balance at Sep. 30, 2026 |
$ 5,353,935
|
$ 2,909
|
6,972,671
|
(2,021,301)
|
835
|
398,821
|
| Beginning Balance (in shares) at Mar. 31, 2026 |
|
283,221,841
|
|
|
|
|
| Beginning Balance at Mar. 31, 2026 |
5,036,829
|
$ 2,832
|
6,611,159
|
(1,980,009)
|
881
|
401,966
|
| Increase (Decrease) in Shareholders' Equity |
|
|
|
|
|
|
| Issuance of common stock (in shares) |
|
7,589,487
|
|
|
|
|
| Issuance of common stock, net of costs |
350,871
|
$ 76
|
350,795
|
|
|
|
| Restricted stock and LTIP unit activity |
$ 4,644
|
|
3,025
|
|
|
1,619
|
| Dividends declared per common share (in dollars per share) |
$ 0.82
|
|
|
|
|
|
| Dividends paid |
$ (238,629)
|
|
|
(238,629)
|
|
|
| Conversion of noncontrolling interest to common shares (in shares) |
|
108,000
|
|
|
|
|
| Redemption of noncontrolling interests to common shares |
0
|
$ 1
|
4,792
|
|
|
(4,793)
|
| Reclassification of derivative gain to interest expense |
(24)
|
|
|
|
(23)
|
(1)
|
| Distributions to noncontrolling interest |
(7,208)
|
|
|
|
|
(7,208)
|
| Net income |
234,944
|
|
|
228,416
|
|
6,528
|
| Ending Balance (in shares) at Jun. 30, 2026 |
|
290,919,328
|
|
|
|
|
| Ending Balance at Jun. 30, 2026 |
5,381,427
|
$ 2,909
|
6,969,771
|
(1,990,222)
|
858
|
398,111
|
| Increase (Decrease) in Shareholders' Equity |
|
|
|
|
|
|
| Restricted stock activity (in shares) |
|
3,933
|
|
|
|
|
| Restricted stock and LTIP unit activity |
$ 4,537
|
$ 0
|
2,900
|
|
|
|
| Dividends declared per common share (in dollars per share) |
$ 0.82
|
|
|
|
|
|
| Dividends paid |
$ (238,715)
|
|
|
(238,715)
|
|
|
| Gain on cash flow hedges |
$ 0
|
|
|
|
|
|
| Conversion of noncontrolling interest to common shares (in shares) |
108,000
|
|
|
|
|
|
| Redemption of noncontrolling interests to common shares |
|
|
4,800
|
|
|
|
| Reclassification of derivative gain to interest expense |
$ (24)
|
|
|
|
(23)
|
(1)
|
| Distributions to noncontrolling interest |
(7,119)
|
|
|
|
|
(7,119)
|
| Net income |
$ 213,829
|
|
|
207,636
|
|
6,193
|
| Ending Balance (in shares) at Sep. 30, 2026 |
290,923,261
|
290,923,261
|
|
|
|
|
| Ending Balance at Sep. 30, 2026 |
$ 5,353,935
|
$ 2,909
|
$ 6,972,671
|
$ (2,021,301)
|
$ 835
|
$ 398,821
|