Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net income	$ 161,661	$ 165,588	$ 154,386
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization	70,807	67,194	61,303
Loss (gain) on exchange of Exchangeable Senior Notes		(22)	125
Loss (gain) on sale of real estate	3,449		(3,601)
Other non-cash adjustments	103	111	185
Stock-based compensation	17,317	19,581	17,507
Amortization of discounts on investments	(506)	(3,198)	(2,246)
Amortization of debt discount and issuance costs	1,669	1,371	1,349
Changes in assets and liabilities
Other assets, net	126	352	(3,506)
Accounts payable, accrued expenses and other liabilities	6,002	3,924	2,717
Rent received in advance and tenant security deposits	(2,182)	642	5,911
Net cash provided by (used in) operating activities	258,446	255,543	234,130
Cash flows from investing activities
Purchases of investments in real estate	(18,666)	(34,906)	(150,090)
Proceeds from sale of real estate asset	9,100		23,500
Funding of draws for improvements and construction	(63,084)	(150,088)	(373,878)
Funding of construction loan and other investments	(800)	(3,979)	(21,683)
Deposits in escrow for acquisitions			(250)
Purchases of short-term investments	(45,110)	(111,872)	(388,800)
Maturities of short-term investments	62,564	294,057	515,000
Net cash provided by (used in) investing activities	(55,996)	(6,788)	(396,201)
Cash flows from financing activities
Issuance of common stock, net of offering costs	11,757	9,564	351,960
Issuance of preferred stock, net of offering costs	9,623
Principal payment on Exchangeable Senior Notes	(4,436)
Payment of deferred financing costs	(567)	(561)
Dividends paid to common stockholders	(211,953)	(202,711)	(183,943)
Dividends paid to preferred stockholders	(1,578)	(1,352)	(1,352)
Taxes paid related to net share settlement of equity awards	(750)	(568)	(2,441)
Net cash provided by (used in) financing activities	(197,904)	(195,628)	164,224
Net increase (decrease) in cash, cash equivalents and restricted cash	4,546	53,127	2,153
Cash, cash equivalents and restricted cash, beginning of year	141,699	88,572	86,419
Cash, cash equivalents and restricted cash, end of year	146,245	141,699	88,572
Supplemental disclosure of cash flow information:
Cash paid during the year for interest, net of interest capitalized	16,051	16,125	17,247
Supplemental disclosure of non-cash investing and financing activities:
Accrual for current-period additions to real estate	9,722	8,385	29,376
Deposits applied for acquisitions		250	25
Accrual for common and preferred stock dividends declared	54,817	51,827	50,840
Reclassification from other assets to real estate held for investment	$ 3,152
Exchange of Exchangeable Senior Notes for common stock		$ 2,000	26,682
Operating lease liability for obtaining right of use asset			$ 1,017