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Earnings per Share / Unit (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Net Income per Share on Basic and Diluted Basis
The following table reflects the Company’s computation of net income per common share on a basic and diluted basis for the three and six months ended June 30, 2025 and 2024 (amounts in thousands, except share and per share data):
For the Three Months Ended
June 30,		For the Six Months Ended
June 30,
 2025202420252024
Numerator:    
Net income$123,624 $108,534 $252,337 $236,629 
Less:
Noncontrolling interest 14,585 12,906 29,840 28,226 
Dividends on preferred shares3,486 3,486 6,972 6,972 
Allocation to participating securities (1)
343 314 689 682 
Numerator for income per common share–basic and diluted$105,210 $91,828 $214,836 $200,749 
Denominator:
Weighted-average common shares outstanding–basic370,692,250 366,778,333 370,538,451 366,645,796 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contract (2)
367,720 534,622 378,537 496,830 
Weighted-average common shares outstanding–diluted (3)
371,059,970 367,312,955 370,916,988 367,142,626 
Net income per common share:
Basic$0.28 $0.25 $0.58 $0.55 
Diluted$0.28 $0.25 $0.58 $0.55 
(1)Unvested RSUs that have nonforfeitable rights to participate in dividends declared on common stock are accounted for as participating securities and reflected in the calculation of basic and diluted earnings per share using the two-class method.
(2)Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options and vesting of PSUs under the treasury stock method for the three and six months ended June 30, 2025 and 2024 and the dilutive effect of a forward sale equity contract under the treasury stock method for the six months ended June 30, 2024 (see Note 10. Shareholders’ Equity / Partners’ Capital).
(3)The effect of the potential conversion of OP units is not reflected in the computation of basic and diluted earnings per share as they are exchangeable for Class A common shares on a one-for-one basis. The income allocable to the OP units is allocated on this same basis and reflected as noncontrolling interest in the accompanying condensed consolidated financial statements. As such, the assumed conversion of the OP units would have no net impact on the determination of diluted earnings per share.
The following table reflects the Operating Partnership’s computation of net income per common unit on a basic and diluted basis for the three and six months ended June 30, 2025 and 2024 (amounts in thousands, except unit and per unit data):
For the Three Months Ended
June 30,		For the Six Months Ended
June 30,
 2025202420252024
Numerator:    
Net income$123,624 $108,534 $252,337 $236,629 
Less:
Preferred distributions3,486 3,486 6,972 6,972 
Allocation to participating securities (1)
343 314 689 682 
Numerator for income per common unit–basic and diluted$119,795 $104,734 $244,676 $228,975 
Denominator:
Weighted-average common units outstanding–basic421,920,878 418,155,313 421,840,845 418,022,776 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contract (2)
367,720 534,622 378,537 496,830 
Weighted-average common units outstanding–diluted422,288,598 418,689,935 422,219,382 418,519,606 
Net income per common unit:
Basic$0.28 $0.25 $0.58 $0.55 
Diluted$0.28 $0.25 $0.58 $0.55 
(1)Unvested RSUs that have nonforfeitable rights to participate in dividends declared on common stock are accounted for as participating securities and reflected in the calculation of basic and diluted earnings per unit using the two-class method.
(2)Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options and vesting of PSUs under the treasury stock method for the three and six months ended June 30, 2025 and 2024 and the dilutive effect of a forward sale equity contract under the treasury stock method for the six months ended June 30, 2024 (see Note 10. Shareholders’ Equity / Partners’ Capital).