v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Accumulated Earnings
Total Common Shareholders' Equity
Noncontrolling Interests
Redeemable Non Controlling Interests
Balance at Dec. 31, 2024 $ 2,501,689 $ 120 $ 2,436,285 $ 38,650 $ (409,383) $ 2,065,672 $ 436,017  
Balance (in Shares) at Dec. 31, 2024   119,658,000            
Beginning Balance, Redeemable NCI at Dec. 31, 2024               $ 30,583
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Common Shares (in Shares)   11,173,000            
Issuance of Common Shares, net 277,506 $ 11 277,495     277,506    
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     2,403     2,403 (2,403)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   153,000            
Dividends/distributions declared (82,932)       (78,595) (78,595) (4,337)  
Adjustment of redeemable non-controlling interest to estimated redemption value (1,014)       (1,014) (1,014) 0 1,014
Acquisition of noncontrolling interest (1,633)   (1,528)     (1,528) (105) (8,232)
City Point Loan accrued interest               (9,296)
Employee and trustee stock compensation, net 8,664   257     257 8,407  
Employee and trustee stock compensation, net (in Shares)   47,000            
Noncontrolling interest distributions (25,889)           (25,889) (5)
Noncontrolling interest contributions 14,414           14,414 10
Consolidation of previously unconsolidated investment 29,573           29,573  
Comprehensive income (loss) (69,338)     (21,649) 9,189 (12,460) (51,918) (4,960)
Comprehensive income (loss) (64,378)              
Reallocation of noncontrolling interests     (6,221)     (6,221) 6,221 [1]  
Balance at Sep. 30, 2025 2,656,000 $ 131 2,708,691 17,001 (479,803) 2,246,020 409,980  
Balance (in Shares) at Sep. 30, 2025   131,031,000            
Ending Balance, Redeemable NCI at Sep. 30, 2025               9,114
Balance at Jun. 30, 2025 2,706,159 $ 131 2,707,218 19,982 (458,205) 2,269,126 437,033  
Balance (in Shares) at Jun. 30, 2025   131,011,000            
Beginning Balance, Redeemable NCI at Jun. 30, 2025               21,174
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     290     290 (290)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   17,000            
Dividends/distributions declared (27,649)       (26,202) (26,202) (1,447)  
Adjustment of redeemable non-controlling interest to estimated redemption value (1,014)       (1,014) (1,014) 0 1,014
Acquisition of noncontrolling interest (1,633)   (1,528)     (1,528) (105) (8,232)
City Point Loan accrued interest               (3,270)
Employee and trustee stock compensation, net 3,019   58     58 2,961  
Employee and trustee stock compensation, net (in Shares)   3,000            
Noncontrolling interest distributions (16,215)           (16,215) (5)
Noncontrolling interest contributions 6,046           6,046  
Comprehensive income (loss) (14,280)     (2,981) 5,618 2,637 (15,350) (1,567)
Comprehensive income (loss) (12,713)              
Reallocation of noncontrolling interests     2,653     2,653 (2,653) [1]  
Balance at Sep. 30, 2025 2,656,000 $ 131 2,708,691 17,001 (479,803) 2,246,020 409,980  
Balance (in Shares) at Sep. 30, 2025   131,031,000            
Ending Balance, Redeemable NCI at Sep. 30, 2025               9,114
Balance at Dec. 31, 2025 $ 2,620,318 $ 131 2,710,651 15,585 (500,720) 2,225,647 394,671  
Balance (in Shares) at Dec. 31, 2025 131,036,560 131,037,000            
Beginning Balance, Redeemable NCI at Dec. 31, 2025 $ 9,113             9,113
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Common Shares (in Shares)   7,014,000            
Issuance of Common Shares, net 142,662 $ 7 142,655     142,662    
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     776     776 (776)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   45,000            
Dividends/distributions declared (86,653)       (81,789) (81,789) (4,864)  
Adjustment of redeemable non-controlling interest to estimated redemption value (5,661)       (5,661) (5,661) 0 5,661
Acquisition of noncontrolling interest               (8,627)
City Point Loan accrued interest               (4,119)
Employee and trustee stock compensation, net 13,150   731     731 12,419  
Employee and trustee stock compensation, net (in Shares)   42,000            
Noncontrolling interest distributions (199,108)           (199,108) (7)
Noncontrolling interest contributions 5,997           5,997 4,155
Comprehensive income (loss) 183,452     23,099 37,921 61,020 124,136 (1,704)
Comprehensive income (loss) 185,156              
Reallocation of noncontrolling interests     (6,807)     (6,807) 6,807 [1]  
Balance at Sep. 30, 2026 $ 2,675,861 $ 138 2,848,006 38,684 (550,249) 2,336,579 339,282  
Balance (in Shares) at Sep. 30, 2026 138,138,232 138,138,000            
Ending Balance, Redeemable NCI at Sep. 30, 2026 $ 4,472             4,472
Balance at Jun. 30, 2026 2,676,398 $ 137 2,829,749 25,838 (519,027) 2,336,697 339,701  
Balance (in Shares) at Jun. 30, 2026   137,330,000            
Beginning Balance, Redeemable NCI at Jun. 30, 2026               4,499
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Common Shares (in Shares)   803,000            
Issuance of Common Shares, net 15,348 $ 1 15,347     15,348    
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     25     25 (25)  
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)   1,000            
Dividends/distributions declared (29,249)       (27,628) (27,628) (1,621)  
Employee and trustee stock compensation, net 3,387   327     327 3,060  
Employee and trustee stock compensation, net (in Shares)   4,000            
Noncontrolling interest distributions (3,165)           (3,165) (2)
Noncontrolling interest contributions 4,259           4,259  
Comprehensive income (loss) 8,858     12,846 (3,594) 9,252 (369) (25)
Comprehensive income (loss) 8,883              
Reallocation of noncontrolling interests     2,558     2,558 (2,558) [1]  
Balance at Sep. 30, 2026 $ 2,675,861 $ 138 $ 2,848,006 $ 38,684 $ (550,249) $ 2,336,579 $ 339,282  
Balance (in Shares) at Sep. 30, 2026 138,138,232 138,138,000            
Ending Balance, Redeemable NCI at Sep. 30, 2026 $ 4,472             $ 4,472
[1] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.