v3.26.3
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Total
Balance at the beginning of the period at Dec. 31, 2024 $ 714 $ 2,191,840 $ 102,472 $ 48,992 $ 30,009 $ 2,374,027
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     86,593   104 86,697
Issuance of common stock, net / amortization 3 6,089     991 7,083
Dividends declared     (38,391)     (38,391)
Change in accumulated other comprehensive income (loss)       (7,940)   (7,940)
Distributions to noncontrolling interests         (60) (60)
Redemption and transfer of noncontrolling interests   (109)     (16) (125)
Balance at the end of the period at Sep. 30, 2025 717 2,197,820 150,674 41,052 31,028 2,421,291
Balance at the beginning of the period at Jun. 30, 2025 717 2,196,759 134,186 41,730 30,675 2,404,067
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     29,282   36 29,318
Issuance of common stock, net / amortization   1,061     335 1,396
Dividends declared     (12,794)     (12,794)
Change in accumulated other comprehensive income (loss)       (678)   (678)
Distributions to noncontrolling interests         (18) (18)
Balance at the end of the period at Sep. 30, 2025 717 2,197,820 150,674 41,052 31,028 2,421,291
Balance at the beginning of the period at Dec. 31, 2025 717 2,199,265 165,737 42,592 31,568 2,439,879 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     87,823   3,145 90,968
Issuance of common stock, net / amortization 3 5,218     3,057 8,278
Dividends declared     (38,044)     (38,044)
Change in accumulated other comprehensive income (loss)       15,620   15,620
Contributions from noncontrolling interests   1,229     159,212 160,441
Distributions to noncontrolling interests         (57) (57)
Redemption and transfer of noncontrolling interests   (1,497)     (243) (1,740)
Repurchase of common stock (13) (22,442)       (22,455)
Balance at the end of the period at Sep. 30, 2026 707 2,181,773 215,516 58,212 196,682 2,652,890 [1]
Balance at the beginning of the period at Jun. 30, 2026 711 2,187,162 199,294 51,979 193,101 2,632,247
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss)     28,807   2,541 31,348
Issuance of common stock, net / amortization   840     1,281 2,121
Dividends declared     (12,585)     (12,585)
Change in accumulated other comprehensive income (loss)       6,233   6,233
Distributions to noncontrolling interests         (18) (18)
Redemption and transfer of noncontrolling interests   (77)     (223) (300)
Repurchase of common stock (4) (6,152)       (6,156)
Balance at the end of the period at Sep. 30, 2026 $ 707 $ 2,181,773 $ 215,516 $ 58,212 $ 196,682 $ 2,652,890 [1]
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).