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CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTEREST - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Cumulative Distributions in Excess of Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2022     99,010,112        
Beginning balance at Dec. 31, 2022 $ 849,373 $ 849,373 $ 990 $ 1,245,337 $ (396,954) $ 0 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net (in shares)     30,868,714        
Issuance of common stock, net 634,446 634,446 $ 309 634,137      
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (in shares)     113,970        
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (1,479) (1,479) $ 1 (1,480)      
Amortization of stock-based compensation 5,153 5,153   5,153      
Common dividends (124,409) (124,409)     (124,409)    
Distributions to noncontrolling interests (41)           (41)
Contributions from noncontrolling interests 1,952           1,952
Net income (loss) 53,722 53,735     53,735   (13)
Ending balance (in shares) at Dec. 31, 2023     129,992,796        
Ending balance at Dec. 31, 2023 1,418,717 1,416,819 $ 1,300 1,883,147 (467,628) 0 1,898
Beginning balance at Dec. 31, 2022 0            
Ending balance at Dec. 31, 2023 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net (in shares)     56,855,925        
Issuance of common stock, net 1,552,894 1,552,894 $ 569 1,552,325      
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (in shares)     144,289        
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (2,484) (2,484) $ 1 (2,485)      
Amortization of stock-based compensation 6,130 6,130   6,130      
Common dividends (190,022) (190,022)     (190,022)    
Distributions to noncontrolling interests (69)           (69)
Contributions from noncontrolling interests 1,429           1,429
Net income (loss) $ 124,545 125,080     125,080   (535)
Ending balance (in shares) at Dec. 31, 2024 186,993,010   186,993,010        
Ending balance at Dec. 31, 2024 $ 2,911,140 2,908,417 $ 1,870 3,439,117 (532,570) 0 2,723
Redeemable Noncontrolling Interests              
Contributions from noncontrolling interests 18,389            
Net income (loss) (146)            
Ending balance at Dec. 31, 2024 18,243            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net (in shares)     35,607,706        
Issuance of common stock, net 1,071,646 1,071,646 $ 356 1,071,290      
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (in shares)     145,627        
Vesting of stock-based compensation awards, net of shares withheld for employee taxes (3,325) (3,325) $ 1 (3,326)      
Amortization of stock-based compensation 11,896 11,896   11,896      
Common dividends (279,764) (279,764)     (279,764)    
Distributions to noncontrolling interests (434)           (434)
Contributions from noncontrolling interests 2,461           2,461
Net income (loss) 321,320 320,538     320,538   782
Other comprehensive income $ 5,872 5,872       5,872  
Ending balance (in shares) at Dec. 31, 2025 222,746,343   222,746,343        
Ending balance at Dec. 31, 2025 $ 4,040,812 $ 4,035,280 $ 2,227 $ 4,518,977 $ (491,796) $ 5,872 $ 5,532
Redeemable Noncontrolling Interests              
Distributions to noncontrolling interests (5,298)            
Contributions from noncontrolling interests 6,245            
Net income (loss) (1,034)            
Ending balance at Dec. 31, 2025 $ 18,156