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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, 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 (769)            
Ending balance at Jun. 30, 2024 1,510,294 1,917 1,646,160 0 (213,486) 5,292 70,411
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
Beginning balance at Dec. 31, 2024 1,823,786 1,962 1,951,430 0 (214,979) 2,303 83,070
Increase (Decrease) in Stockholders' Equity              
Issuance of Common Stock through employee stock purchase plan 391   391        
Compensation expenses related to restricted stock and stock options 1,771   1,771        
Repurchase of Common Stock or Common OP Units (2,258)   (2,258)        
Adjustment for Common OP Unitholders in the Operating Partnership 0   118       (118)
Adjustment for fair market value of swap (1,629)         (1,629)  
Consolidated net income 114,393       109,192   5,201
Distributions (103,128)       (98,439)   (4,689)
Other (61)   (61)        
Ending balance at Mar. 31, 2025 1,833,265 1,962 1,951,391 0 (204,226) 674 83,464
Beginning balance at Dec. 31, 2024 1,823,786 1,962 1,951,430 0 (214,979) 2,303 83,070
Increase (Decrease) in Stockholders' Equity              
Adjustment for fair market value of swap (4,313)            
Ending balance at Jun. 30, 2025 1,812,952 1,962 1,953,854 0 (222,992) (2,010) 82,138
Beginning balance at Mar. 31, 2025 1,833,265 1,962 1,951,391 0 (204,226) 674 83,464
Increase (Decrease) in Stockholders' Equity              
Exchange of Common OP Units for Common Stock (1) 0 396       (397)
Issuance of Common Stock through employee stock purchase plan 355   355        
Compensation expenses related to restricted stock and stock options 1,812   1,812        
Adjustment for Common OP Unitholders in the Operating Partnership 0   40       (40)
Adjustment for fair market value of swap (2,684)         (2,684)  
Consolidated net income 83,493     8 79,708   3,777
Distributions (103,148)     (8) (98,474)   (4,666)
Other (140)   (140)        
Ending balance at Jun. 30, 2025 $ 1,812,952 $ 1,962 $ 1,953,854 $ 0 $ (222,992) $ (2,010) $ 82,138