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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ 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
Ending balance (in shares) at Dec. 31, 2023 0            
Ending balance at Dec. 31, 2023 $ 0            
Beginning balance (in shares) at Dec. 31, 2022     660,300        
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 876,914 872,309     872,309   4,605
Other comprehensive income (loss) 27,061 27,061       27,061  
Distributions paid and payable (2,150,592) (2,141,252)     (2,141,252)   (9,340)
Share issuances, net of costs (in shares)     91,902        
Share issuances, net of costs 5,450,982 5,450,982   5,450,982      
Contributions by noncontrolling interests 40,097           40,097
Share-based compensation, net (in shares)     258        
Share-based compensation, net 19,218 19,218   19,218      
Ending balance (in shares) at Dec. 31, 2023     752,460        
Ending balance at Dec. 31, 2023 $ 33,106,969 32,941,467   39,629,709 (6,762,136) 73,894 165,502
Increase (Decrease) in Temporary Equity              
Shares issued with merger (in shares) 6,900            
Shares issued with merger $ 167,394            
Preferred shares redeemed (in shares) (6,900)            
Preferred shares redeemed $ (167,394)            
Ending balance (in shares) at Dec. 31, 2024 0            
Ending balance at Dec. 31, 2024 $ 0            
Increase (Decrease) in Stockholders' Equity              
Net income 867,341 860,772     860,772   6,569
Other comprehensive income (loss) (35,665) (35,665)       (35,665)  
Distributions paid and payable (2,752,477) (2,742,079)     (2,742,079)   (10,398)
Share issuances, net of costs (in shares)     30,381        
Share issuances, net of costs 1,754,895 1,754,895   1,754,895      
Shares issued with merger (in shares)     108,308        
Shares issued with merger 6,043,641 6,043,641   6,043,641      
Contributions by noncontrolling interests 2,022           2,022
Issuance of common partnership units 46,485 (768)   (768)     47,253
Preferred shares redeemed (5,116) (5,116)     (5,116)    
Share-based compensation, net (in shares)     362        
Share-based compensation, net $ 23,591 23,591   23,591      
Ending balance (in shares) at Dec. 31, 2024 891,511   891,511        
Ending balance at Dec. 31, 2024 $ 39,051,686 38,840,738   47,451,068 (8,648,559) 38,229 210,948
Increase (Decrease) in Stockholders' Equity              
Net income 1,069,783 1,058,590     1,058,590   11,193
Other comprehensive income (loss) 66,790 66,790       66,790  
Distributions paid and payable (2,950,056) (2,938,015)     (2,938,015)   (12,041)
Share issuances, net of costs (in shares)     42,182        
Share issuances, net of costs 2,376,144 2,376,144   2,376,144      
Contributions by noncontrolling interests 488,455           488,455
Reallocation of equity 13,282 13,282   13,282     (13,282)
Share-based compensation, net (in shares)     282        
Share-based compensation, net $ 21,166 21,166   21,166      
Ending balance (in shares) at Dec. 31, 2025 933,975   933,975        
Ending balance at Dec. 31, 2025 $ 40,123,968 $ 39,438,695   $ 49,861,660 $ (10,527,984) $ 105,019 $ 685,273