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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total stockholders’ equity
Shares of common stock
Common stock and paid in capital
Distributions in excess of net income
Accumulated other comprehensive income
Non-controlling interests
Beginning balance (in shares) at Dec. 31, 2022 0            
Beginning balance at Dec. 31, 2022 $ 0            
Ending balance (in shares) at Jun. 30, 2023 0            
Ending balance at Jun. 30, 2023 $ 0            
Beginning balance (in shares) at Dec. 31, 2022     660,300,000        
Beginning balance at Dec. 31, 2022 28,843,289 $ 28,713,149   $ 34,159,509 $ (5,493,193) $ 46,833 $ 130,140
Increase (Decrease) in Stockholders' Equity              
Net income 423,275 420,431     420,431   2,844
Other comprehensive income 49,224 49,224       49,224  
Distributions paid and payable (1,034,075) (1,029,464)     (1,029,464)   (4,611)
Share issuances, net of costs (in shares)     48,226,000        
Share issuances, net of costs 2,982,094 2,982,094   2,982,094      
Contributions by noncontrolling interests 39,559           39,559
Share-based compensation, net (in shares)     247,000        
Share-based compensation, net 7,777 7,777   7,777      
Ending balance (in shares) at Jun. 30, 2023     708,773,000        
Ending balance at Jun. 30, 2023 $ 31,311,143 31,143,211   37,149,380 (6,102,226) 96,057 167,932
Beginning balance (in shares) at Mar. 31, 2023 0            
Beginning balance at Mar. 31, 2023 $ 0            
Ending balance (in shares) at Jun. 30, 2023 0            
Ending balance at Jun. 30, 2023 $ 0            
Beginning balance (in shares) at Mar. 31, 2023     673,207,000        
Beginning balance at Mar. 31, 2023 29,387,338 29,259,106   34,958,608 (5,772,923) 73,421 128,232
Increase (Decrease) in Stockholders' Equity              
Net income 197,153 195,415     195,415   1,738
Other comprehensive income 22,636 22,636       22,636  
Distributions paid and payable (526,315) (524,718)     (524,718)   (1,597)
Share issuances, net of costs (in shares)     35,519,000        
Share issuances, net of costs 2,183,194 2,183,194   2,183,194      
Contributions by noncontrolling interests 39,559           39,559
Share-based compensation, net (in shares)     47,000        
Share-based compensation, net 7,578 7,578   7,578      
Ending balance (in shares) at Jun. 30, 2023     708,773,000        
Ending balance at Jun. 30, 2023 $ 31,311,143 31,143,211   37,149,380 (6,102,226) 96,057 167,932
Beginning balance (in shares) at Dec. 31, 2023 0            
Beginning balance at Dec. 31, 2023 $ 0            
Increase (Decrease) in Temporary Equity              
Shares issued with merger (in shares) 6,900,000            
Shares issued with merger $ 167,394            
Ending balance (in shares) at Jun. 30, 2024 6,900,000            
Ending balance at Jun. 30, 2024 $ 167,394            
Beginning balance (in shares) at Dec. 31, 2023 752,460,000   752,460,000        
Beginning balance at Dec. 31, 2023 $ 33,106,969 32,941,467   39,629,709 (6,762,136) 73,894 165,502
Increase (Decrease) in Stockholders' Equity              
Net income 394,867 391,675     391,675   3,192
Other comprehensive income 1,428 1,428       1,428  
Distributions paid and payable (1,358,555) (1,353,857)     (1,353,857)   (4,698)
Share issuances, net of costs (in shares)     9,720,000        
Share issuances, net of costs 549,452 549,452   549,452      
Shares issued with merger (in shares)     108,308,000        
Shares issued with merger 6,043,641 6,043,641   6,043,641      
Contributions by noncontrolling interests 1,281           1,281
Share-based compensation, net (in shares)     360,000        
Share-based compensation, net $ 7,987 7,987   7,987      
Ending balance (in shares) at Jun. 30, 2024 870,848,000   870,848,000        
Ending balance at Jun. 30, 2024 $ 38,747,070 38,581,793   46,230,789 (7,724,318) 75,322 165,277
Beginning balance (in shares) at Mar. 31, 2024 6,900,000            
Beginning balance at Mar. 31, 2024 $ 167,394            
Ending balance (in shares) at Jun. 30, 2024 6,900,000            
Ending balance at Jun. 30, 2024 $ 167,394            
Beginning balance (in shares) at Mar. 31, 2024     870,756,000        
Beginning balance at Mar. 31, 2024 39,151,090 38,986,027   46,220,761 (7,299,514) 64,780 165,063
Increase (Decrease) in Stockholders' Equity              
Net income 260,968 259,391     259,391   1,577
Other comprehensive income 10,542 10,542       10,542  
Distributions paid and payable (686,625) (684,195)     (684,195)   (2,430)
Share issuances, net of costs (in shares)     57,000        
Share issuances, net of costs 2,796 2,796   2,796      
Contributions by noncontrolling interests 1,067           1,067
Share-based compensation, net (in shares)     35,000        
Share-based compensation, net $ 7,232 7,232   7,232      
Ending balance (in shares) at Jun. 30, 2024 870,848,000   870,848,000        
Ending balance at Jun. 30, 2024 $ 38,747,070 $ 38,581,793   $ 46,230,789 $ (7,724,318) $ 75,322 $ 165,277