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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of the at-the-Market Equity Offering Program
The following tables summarize ATM Program activity (or activity under any predecessor at-the-market equity offering programs) for the years ended December 31, 2025, 2024 and 2023 (in thousands, except per share amounts):
For the Year Ended December 31,
202520242023
Number of shares12,608 40,986 30,869 
Average sales price per share$29.34 $26.35 $20.86 
Gross proceeds(1)
$369,871 $1,079,852 $643,802 
(1)Total gross proceeds is before $4.6 million, $13.4 million, and $8.3 million of commissions paid to the sales agents and forward adjustments during the years ended December 31, 2025, 2024 and 2023, respectively, under the ATM Program. In addition, total gross proceeds is before other costs related to the ATM Program.
Schedule of Dividends on Common Stock The following table summarizes the cash dividends per share of common stock declared by the Company’s board of directors for 2025, 2024 and 2023 (dollars in thousands, except per share amounts):
For the Three Months Ended
2025March 31,June 30,September 30,December 31,
Dividends declared per share$0.335 $0.335 $0.335 $0.335 
Dividends payment dateApril 15, 2025July 15, 2025October 15, 2025January 15, 2026
Dividends payable as of record date$63,053 $67,100 $74,806 $74,806 
Dividends record dateMarch 31, 2025June 30, 2025September 30, 2025December 31, 2025
2024
Dividends declared per share$0.29 $0.29 $0.29 $0.29 
Dividends payment dateApril 15, 2024July 15, 2024October 15, 2024January 15, 2025
Dividends payable as of record date$41,192 $44,721 $49,721 $54,388 
Dividends record dateMarch 28, 2024June 28, 2024September 30, 2024December 31, 2024
2023
Dividends declared per share$0.28 $0.28 $0.28 $0.28 
Dividends payment dateApril 14, 2023July 14, 2023October 13, 2023January 12, 2024
Dividends payable as of record date[1]
$27,846 $27,853 $32,403 $36,531 
Dividends record dateMarch 31, 2023June 30, 2023September 29, 2023December 29, 2023
(1)Dividends payable includes dividends on performance stock awards that will be paid if and when the shares subject to such awards vest if deemed probable of meeting their performance condition.
Cash distributions paid to common stockholders for federal income tax purposes are as follows for the periods presented:
 
Year Ended December 31,
Common Stock20252024
2023
Ordinary dividend$1.2950 $0.8529 $0.8218 
Non-dividend distributions— 0.2971 0.2932 
Total taxable distribution1.2950 1.1500 1.1150 
Distributions allocated from prior tax year(1)
(0.2900)(0.2800)(0.2750)
Distributions allocated to subsequent tax year(1)
0.3350 0.2900 0.2800 
Total distributions declared$1.3400 $1.1600 $1.1200 
(1) The dividend distributions made to holders of record as of the end of each year and paid in January of the following year were considered a dividend distribution in the following year for federal income tax purposes.