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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities      
Net income $ 189,832 $ 170,547 $ 153,035
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 206,987 176,277 133,570
Amortization from above (below) market lease intangibles, net 33,236 33,096 33,337
Amortization from financing costs, credit facility costs and debt discount 6,323 4,737 4,065
Stock-based compensation 10,805 8,338 6,464
Straight-line accrued rent (12,711) (12,142) (13,176)
Provision for impairment 7,224 7,175 1,015
Gain on settlement of interest rate swaps 4,355 0 28,414
Gain on sale of assets (11,508) (1,849) (5,341)
Change in accounts receivable (12,089) (5,086) 799
Change in other assets (4,800) 121 4,891
Change in accounts payable, accrued expenses, and other liabilities 14,318 10,384 15,048
Net Cash Provided by Operating Activities 431,972 391,598 362,121
Cash Flows from Investing Activities      
Acquisition of real estate investments and other assets (877,226) (1,206,025) (1,578,511)
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $1,599 in 2024, $1,957 in 2023 and $1,261 in 2022) (100,108) (82,368) (81,875)
Payment of leasing costs (2,404) (447) (503)
Net proceeds from sale of assets 94,331 13,843 44,914
Net Cash Used in Investing Activities (885,407) (1,274,997) (1,615,975)
Cash Flows from Financing Activities      
Proceeds from common stock offerings, net 402,938 689,896 1,257,823
Repurchase of common shares (2,281) (2,684) (1,912)
Unsecured revolving credit facility borrowings 1,072,000 1,231,000 1,035,000
Unsecured revolving credit facility repayments (1,141,000) (1,104,000) (1,095,000)
Payments of mortgage notes payable (963) (5,527) (24,490)
Proceeds from unsecured term loan 0 350,000 0
Proceeds from senior unsecured notes 444,722 0 297,513
Payment of Series A preferred dividends (7,437) (7,437) (7,438)
Payment of common stock dividends (303,604) (277,676) (220,304)
Distributions to non-controlling interest (1,041) (1,012) (971)
Payments for financing lease liability (6,076) 0 0
Payments for financing costs (11,948) (3,546) (2,708)
Net Cash Provided by Financing Activities 445,310 869,014 1,237,513
Decrease in Cash and Cash Equivalents and Cash Held in Escrow (8,125) (14,385) (16,341)
Cash and cash equivalents and cash held in escrow, beginning of period 14,524 28,909 45,250
Cash and cash equivalents and cash held in escrow, end of period 6,399 14,524 28,909
Supplemental Disclosure of Cash Flow Information      
Cash paid for interest (net of amounts capitalized) 123,687 87,481 58,784
Cash paid for income tax 3,709 3,065 2,395
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Lease right of use assets added under new ground leases 3,198 0 1,816
Lease right of use assets removed as a result of acquisition of real property (15,143) 0 0
Mortgage note payable assumed, net $2,548 mortgage debt discount 0 0 39,702
Dividends and Distributions Payable 27,842 25,534  
Change in accrual of development, construction and other real estate investment costs 6,621 2,785 3,199
Series A Preferred Stock      
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Dividends and Distributions Payable 620 620 620
Common Stock      
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Dividends and Distributions Payable 27,222 24,914 21,725
Preferred Stock      
Cash Flows from Operating Activities      
Net income $ 7,437 $ 7,437 $ 7,437