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Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Total Equity, Excluding Redeemable Non Controlling Interest
Total Shareholders' Equity
Common Stock
Common Stock
Class S Common Shares
Common Stock
Class N Common Shares
Common Stock
Class D Common Shares
Common Stock
Class I Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
Accumulated Earnings and Cumulative Distributions
Non-controlling Interests
Beginning balance at Dec. 31, 2024   $ 4,197,498 $ 3,948,179   $ 1,870 $ 152 $ 18 $ 2,192 $ 4,149,362 $ (18,118) $ (187,297) $ 249,319
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Common shares issued   710,514 710,514   263 92 22 321 709,816      
Offering costs   (21,231) (21,231)           (21,231)      
Distribution reinvestment   39,402 39,402   18 1   19 39,364      
Common share repurchases   (61,131) (61,131)   (25)     (35) (61,071)      
Converted common shares   0 0   (6)     6        
Amortization of restricted share grants   70 70           70      
Net income   107,912 102,368               102,368 5,544
Other comprehensive (loss) income $ (12,558) (12,451) (11,825)             (11,825)   (626)
Distributions declared on common shares   (78,483) (78,483)               (78,483)  
Redeemable common share measurement adjustment   127 127           127      
Contributions from non-controlling interests   54                   54
Distributions to and redemptions of non-controlling interests   (5,203)                   (5,203)
Redeemable non-controlling interests measurement adjustment   36 36           36      
Reallocation between additional paid-in capital and non-controlling interests due to changes in ownership   (229) (1,642)           (1,642)     1,413
Ending balance at Mar. 31, 2025   4,876,885 4,626,384   2,120 245 40 2,503 4,814,831 (29,943) (163,412) 250,501
Beginning balance at Dec. 31, 2025 7,255,399 7,255,399 7,016,820   3,070 478 89 3,585 7,118,409 (755) (108,056) 238,579
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Common shares issued   761,039 761,039   289 59 8 366 760,317      
Offering costs   (23,648) (23,648)           (23,648)      
Distribution reinvestment   68,613 68,613   30 4 1 30 68,548      
Common share repurchases   (108,906) (108,906) $ (108,906) (44) (5)   (54) (108,803)      
Converted common shares   0 0   (3)     3        
Amortization of restricted share grants   82 82           82      
Net income   166,826 161,832               161,832 4,994
Other comprehensive (loss) income (7,437) (7,256) (7,055)             (7,055)   (201)
Distributions declared on common shares   (136,702) (136,702)               (136,702)  
Redeemable common share measurement adjustment   34 34           34      
Contributions from non-controlling interests   136                   136
Distributions to and redemptions of non-controlling interests   (5,456)                   (5,456)
Redeemable non-controlling interests measurement adjustment   (989) (989)           (989)      
Reallocation between additional paid-in capital and non-controlling interests due to changes in ownership   170 397           397     (227)
Ending balance at Mar. 31, 2026 $ 7,969,342 $ 7,969,342 $ 7,731,517   $ 3,342 $ 536 $ 98 $ 3,930 $ 7,814,347 $ (7,810) $ (82,926) $ 237,825