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Income Taxes - Schedule of Effective Income Taxes Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Net income before income taxes $ 491,981 $ 176,905 $ (20,774)
Amount      
Federal provision at statutory tax rate 103,316    
REIT income not subject to taxes (103,094)    
Rate differential (83)    
State and local taxes, net of federal benefit (104)    
Return to provision 23    
Corporate interest restriction 507    
Other non-deductible items 354    
Prior period adjustments (145)    
Total provision for income taxes $ 774 $ 3,820 $ 230
Percent      
Federal provision at statutory tax rate 21.00%    
REIT income not subject to taxes (21.00%)    
Rate differential 0.00%    
State and local taxes, net of federal benefit 0.00%    
Return to provision 0.00%    
Corporate interest restriction 0.10%    
Other non-deductible items 0.10%    
Prior period adjustments 0.00%    
Total provision for income taxes 0.20%