XML 17 R5.htm IDEA: XBRL DOCUMENT v3.26.1
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
Beginning balance (in shares) at Dec. 31, 2024     891,511        
Beginning 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 251,462 249,815     249,815   1,647
Other comprehensive income 34,590 34,590       34,590  
Distributions paid and payable (721,352) (718,341)     (718,341)   (3,011)
Share issuances, net of costs (in shares)     11,288        
Share issuances, net of costs 627,900 627,900   627,900      
Contributions by noncontrolling interests, net of costs 1,342           1,342
Share-based compensation, net (in shares)     263        
Share-based compensation, net (3,441) (3,441)   (3,441)      
Ending balance (in shares) at Mar. 31, 2025     903,062        
Ending balance at Mar. 31, 2025 $ 39,242,187 39,031,261   48,075,527 (9,117,085) 72,819 210,926
Beginning balance (in shares) at Dec. 31, 2025 933,975   933,975        
Beginning balance at Dec. 31, 2025 $ 40,123,968 39,438,695   49,861,660 (10,527,984) 105,019 685,273
Increase (Decrease) in Stockholders' Equity              
Net income 320,935 311,766     311,766   9,169
Other comprehensive income 32,215 32,215       32,215  
Distributions paid and payable (768,547) (757,595)     (757,595)   (10,952)
Share issuances, net of costs (in shares)     50        
Share issuances, net of costs 3,201 3,201   3,201      
Share repurchases (in shares)     (1,761)        
Share repurchases (101,909) (101,909)   (101,909)      
Contributions by noncontrolling interests, net of costs 1,626,801 (20,573)   (20,573)     1,647,374
Reallocation of equity 0 242,680   242,680     (242,680)
Share-based compensation, net (in shares)     210        
Share-based compensation, net $ (995) (995)   (995)      
Ending balance (in shares) at Mar. 31, 2026 932,474   932,474        
Ending balance at Mar. 31, 2026 $ 41,235,669 $ 39,147,485   $ 49,984,064 $ (10,973,813) $ 137,234 $ 2,088,184