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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
OP equity issued for property acquisitions:
Internalization Of Pro Structure
Preferred Shares
Common Shares
Additional Paid-in Capital
Distribution in Excess of Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Noncontrolling Interests
OP equity issued for property acquisitions:
Noncontrolling Interests
Internalization Of Pro Structure
Beginning balances, preferred stock (in shares) at Dec. 31, 2021       8,736,719              
Beginning balances at Dec. 31, 2021 $ 2,482,455     $ 218,418 $ 912 $ 1,866,773 $ (291,263) $ (19,611) $ 707,226    
Beginning balances, common stock (in shares) at Dec. 31, 2021         91,198,929            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Internalization of PRO, net of offering costs   $ 3,217               $ 3,217  
Issuance of Series A-1 preferred units and OP equity issued in connection with internalization of PRO structure 68,899               68,899    
Redemption of Series A-1 preferred units (in shares)       280,869              
Issuance of Series A-1 preferred units 0     $ 7,021         (7,021)    
Redemptions of OP units (in shares)         627,896            
Redemptions of OP units 0       $ 6 11,026   33 (11,065)    
Repurchase of common shares (in shares)         (1,986,175)            
Repurchase of common shares (90,109)       $ (20) (90,089)          
Effect of changes in ownership for consolidated entities 0         (9,975)   173 9,802    
Equity-based compensation expense 6,258         410     5,848    
Issuance of restricted common shares (in shares)         10,405            
Issuance of restricted common shares 0         0     0    
Vesting and forfeitures of restricted common shares, net (in shares)         (8,910)            
Vesting and forfeitures of restricted common shares, net (161)         (161)          
Common share dividends (13,425)         0 (13,425)        
Common share dividends (195,699)           (195,699)        
Distributions to noncontrolling interests (140,919)           0   (140,919)    
Other comprehensive income (loss) 84,733             59,935 24,798    
Net income 183,765           103,737   80,028    
Ending balances, preferred stock (in shares) at Dec. 31, 2022       9,017,588              
Ending balances at Dec. 31, 2022 2,389,014     $ 225,439 $ 898 1,777,984 (396,650) 40,530 740,813    
Ending Beginning balances, common stock (in shares) at Dec. 31, 2022         89,842,145            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Internalization of PRO, net of offering costs                    
Issuance of preferred shares (in shares)       5,668,128              
Issuance of preferred shares 113,129     $ 115,212   (2,083)          
Issuance of Series A-1 preferred units and OP equity issued in connection with internalization of PRO structure   $ 67,266             750 $ 67,266  
Redemptions of OP units (in shares)         1,275,854            
Redemptions of OP units 0       $ 13 19,240   514 (19,767)    
Repurchase of common shares (in shares)         (8,836,639)            
Repurchase of common shares (310,152)       $ (88) (310,064)          
Effect of changes in ownership for consolidated entities 0         24,373   (2,301) (22,072)    
Equity-based compensation expense 6,679         419     6,260    
Issuance of restricted common shares (in shares)         12,856            
Vesting and forfeitures of restricted common shares, net (in shares)         (8,221)            
Vesting and forfeitures of restricted common shares, net (306)         (306)          
Common share dividends (19,019)           (19,019)        
Common share dividends (190,907)           (190,907)        
Distributions to noncontrolling interests (141,246)               (141,246)    
Other comprehensive income (loss) (26,355)             (17,685) (8,670)    
Net income $ 236,988           156,669   80,319    
Ending balances, preferred stock (in shares) at Dec. 31, 2023 14,685,716     14,685,716              
Ending balances at Dec. 31, 2023 $ 2,125,841     $ 340,651 $ 823 1,509,563 (449,907) 21,058 703,653    
Ending Beginning balances, common stock (in shares) at Dec. 31, 2023 82,285,995       82,285,995            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of preferred shares (in shares) 40,200     9,742              
Issuance of preferred shares $ 0     $ 244   0     (244)    
Issuance of Series A-1 preferred units and OP equity issued in connection with internalization of PRO structure     $ 62,311               $ 62,311
Redemptions of OP units (in shares)         1,454,837            
Redemptions of OP units $ (9,504)       $ 14 17,564   321 (27,403)    
Repurchase of common shares (in shares) (7,400,322)       (7,400,322)            
Repurchase of common shares $ (275,240)       $ (74) (275,166)   0 0    
Effect of changes in ownership for consolidated entities 0         (1,964)   (4,619) 6,583    
Equity-based compensation expense 8,310         447     7,863    
Issuance of restricted common shares (in shares)         9,413            
Issuance of restricted common shares 0         0          
Vesting and forfeitures of restricted common shares, net (in shares)         (5,262)            
Vesting and forfeitures of restricted common shares, net (123)         (123)          
Equity offering costs (895)         (895)          
Common share dividends (20,445)           (20,445)        
Common share dividends (171,818)           (171,818)        
Distributions to noncontrolling interests (134,489)               (134,489)    
Other comprehensive income (loss) (3,871)             (1,212) (2,659)    
Net income $ 183,270           111,518   71,752    
Ending balances, preferred stock (in shares) at Dec. 31, 2024 14,695,458     14,695,458              
Ending balances at Dec. 31, 2024 $ 1,763,347     $ 340,895 $ 763 $ 1,249,426 $ (530,652) $ 15,548 $ 687,367    
Ending Beginning balances, common stock (in shares) at Dec. 31, 2024 76,344,661       76,344,661