v3.26.3
Subsequent Events
9 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events:
On November 2, 2026, the Company announced a dividend/distribution of $0.17 per share for common stockholders and OP Unitholders of record on December 14, 2026. All dividends/distributions will be paid in cash on December 28, 2026.
On November 3, 2026, the Company closed on a $550,000 acquisition revolving credit facility that is primarily available to finance acquisitions. The acquisition revolving credit facility has a three-year term and bears interest at a rate of SOFR plus 200 basis points. As of the closing date, there are no amounts outstanding under the facility and approximately $260,000 is available to be borrowed based on the eligible collateral securing the facility. The Company anticipates future additional properties will be added to the facility borrowing base, as defined, that would allow the Company to borrow up to $550,000. The Company has the ability from time to time to increase the size of the acquisition credit facility up to an aggregate amount of $1,000,000, subject to the receipt of lender commitments, the addition of properties to the facility borrowing base and other conditions.