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Common Stock Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Activity
The following table summarizes our common stock grant activity:
 202520242023
Number of shares
Weighted average price (1)
Number of shares
Weighted average price (1)
Number of shares
Weighted average price (1)
Outstanding nonvested shares, beginning of year514,299 $61.54 347,051 $67.89 242,660 $67.12 
Shares granted
286,597 $55.33 346,321 $52.66 222,511 $65.40 
Shares vested(203,051)$53.41 (151,977)$56.45 (110,634)$61.28 
Shares forfeited(23,633)$55.42 (27,096)$58.08 (7,486)$66.91 
Outstanding nonvested shares, end of each period574,212 $61.57 514,299 $61.54 347,051 $67.89 
(1) Grant date fair value.
Schedule of Nonvested Restricted Stock Units Activity
During 2025, 2024, and 2023, we also granted restricted stock units that vest over service periods of four-years and have the same economic rights as shares of restricted stock. During 2025, we granted 3,632 restricted stock units to one independent member of our Board of Directors in connection with our annual awards in May. These awards vest over three years, subject to the director's continued service through each applicable vesting date.
 202520242023
Number of restricted stock units
Weighted average price (1)
Number of restricted stock units
Weighted average price (1)
Number of restricted stock units
Weighted average price (1)
Outstanding nonvested shares, beginning of year38,531 $62.45 42,612 $65.62 58,513 $67.91 
Shares granted 45,176 $55.43 30,538 $52.72 15,065 $66.41 
Shares vested(13,475)$54.08 (22,640)$58.31 (29,492)$70.30 
Shares forfeited(624)$57.14 (11,979)$56.76 (1,474)$71.02 
Outstanding nonvested shares, end of each period69,608 $59.56 38,531 $62.45 42,612 $65.62 
(1) Grant date fair value.
The fair value of the performance shares was estimated on the date of grant using a Monte Carlo Simulation model.
The following table summarizes our performance share grant activity:
202520242023
Number of performance shares
Weighted average price (1)
Number of performance shares
Weighted average price (1)
Number of performance shares
Weighted average price (1)
Outstanding nonvested shares, beginning of year684,939 $68.99 561,769 $72.64 470,880 $73.37 
Shares granted319,748 $64.20 309,363 $55.25 215,040 $73.32 
Shares vested(184,111)$71.09 (186,193)$57.16 (124,151)$76.59 
Outstanding nonvested shares, end of each period820,576 $66.65 684,939 $68.99 561,769 $72.64 
(1) Grant date fair value.
Schedule of Performance Shares That Vest Based on Achievement of Performance Goals The number of performance shares that vest for each of the three years is based on the achievement of the following performance goals:
Weighting for year granted
Annual Performance Awards Metrics202520242023
Total shareholder return (“TSR”) ranking relative to MSCI US REIT Index50 %50 %55 %
Dividend per share growth rate25 %25 %20 %
Net Debt-to-Pro Forma Adjusted EBITDAre Ratio
25 %25 %25 %