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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Common Stock
Paid-in Capital
Redeemable Perpetual Preferred Stock
Distributions in Excess of Accumulated Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests – Common OP Units
Beginning balance at Dec. 31, 2022 $ 1,517,485 $ 1,916 $ 1,628,618 $ 0 $ (204,248) $ 19,119 $ 72,080
Increase (Decrease) in Stockholders' Equity              
Exchange of Common OP Units for Common Stock 0   198       (198)
Issuance of Common Stock through employee stock purchase plan 363   363        
Compensation expenses related to restricted stock and stock options 2,549   2,549        
Repurchase of Common Stock or Common OP Units (1,932)   (1,932)        
Adjustment for Common OP Unitholders in the Operating Partnership 0   168       (168)
Adjustment for fair market value of swap (3,978)         (3,978)  
Consolidated net income 86,459       82,371   4,088
Distributions (87,462)       (83,326)   (4,136)
Other (98)   (98)        
Ending balance at Mar. 31, 2023 1,513,386 1,916 1,629,866 0 (205,203) 15,141 71,666
Beginning balance at Dec. 31, 2022 1,517,485 1,916 1,628,618 0 (204,248) 19,119 72,080
Increase (Decrease) in Stockholders' Equity              
Adjustment for fair market value of swap (3,555)            
Ending balance at Sep. 30, 2023 1,497,007 1,917 1,641,553 0 (232,081) 15,564 70,054
Beginning balance at Mar. 31, 2023 1,513,386 1,916 1,629,866 0 (205,203) 15,141 71,666
Increase (Decrease) in Stockholders' Equity              
Issuance of Common Stock through employee stock purchase plan 504   504        
Compensation expenses related to restricted stock and stock options 8,584   8,584        
Adjustment for Common OP Unitholders in the Operating Partnership 0   (503)       503
Adjustment for fair market value of swap 2,186         2,186  
Consolidated net income 66,049     8 62,920   3,121
Distributions (87,500)     (8) (83,357)   (4,135)
Other (97)   (97)        
Ending balance at Jun. 30, 2023 1,503,112 1,916 1,638,354 0 (225,640) 17,327 71,155
Increase (Decrease) in Stockholders' Equity              
Exchange of Common OP Units for Common Stock 0 1 812       (813)
Issuance of Common Stock through employee stock purchase plan 736   736        
Compensation expenses related to restricted stock and stock options 1,799   1,799        
Adjustment for Common OP Unitholders in the Operating Partnership 0   (27)       27
Adjustment for fair market value of swap (1,763)         (1,763)  
Consolidated net income 80,741       76,969   3,772
Distributions (87,497)       (83,410)   (4,087)
Other (121)   (121)        
Ending balance at Sep. 30, 2023 1,497,007 1,917 1,641,553 0 (232,081) 15,564 70,054
Beginning balance at Dec. 31, 2023 1,498,621 1,917 1,644,319 0 (223,576) 6,061 69,900
Increase (Decrease) in Stockholders' Equity              
Issuance of Common Stock through employee stock purchase plan 382   382        
Compensation expenses related to restricted stock and stock options 1,716   1,716        
Repurchase of Common Stock or Common OP Units (1,908)   (1,908)        
Adjustment for Common OP Unitholders in the Operating Partnership 0   58       (58)
Adjustment for fair market value of swap (781)         (781)  
Consolidated net income 115,271       109,905   5,366
Distributions (93,398)       (89,050)   (4,348)
Other (157)   (157)        
Ending balance at Mar. 31, 2024 1,519,746 1,917 1,644,410 0 (202,721) 5,280 70,860
Beginning balance at Dec. 31, 2023 1,498,621 1,917 1,644,319 0 (223,576) 6,061 69,900
Increase (Decrease) in Stockholders' Equity              
Adjustment for fair market value of swap (10,825)            
Ending balance at Sep. 30, 2024 1,495,539 1,917 1,648,384 0 (219,724) (4,764) 69,726
Beginning balance at Mar. 31, 2024 1,519,746 1,917 1,644,410 0 (202,721) 5,280 70,860
Increase (Decrease) in Stockholders' Equity              
Issuance of Common Stock through employee stock purchase plan 382   382        
Compensation expenses related to restricted stock and stock options 1,767   1,767        
Adjustment for Common OP Unitholders in the Operating Partnership 0   (76)       76
Adjustment for fair market value of swap 12         12  
Consolidated net income 82,127     8 78,297   3,822
Distributions (93,417)     (8) (89,062)   (4,347)
Other (323)   (323)        
Ending balance at Jun. 30, 2024 1,510,294 1,917 1,646,160 0 (213,486) 5,292 70,411
Increase (Decrease) in Stockholders' Equity              
Issuance of Common Stock through employee stock purchase plan 394   394        
Compensation expenses related to restricted stock and stock options 1,535   1,535        
Adjustment for Common OP Unitholders in the Operating Partnership 0   380       (380)
Adjustment for fair market value of swap (10,056)         (10,056)  
Consolidated net income 86,863       82,821 0 4,042
Distributions (93,406)       (89,059)   (4,347)
Other (85)   (85)        
Ending balance at Sep. 30, 2024 $ 1,495,539 $ 1,917 $ 1,648,384 $ 0 $ (219,724) $ (4,764) $ 69,726