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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 63,314 $ 93,362
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,594 73,900
Gain on involuntary conversion 0 (1,855)
Non-cash portion of interest expense 1,371 1,301
Amortization of above and below market leases, net (509) (584)
Straight-line rent adjustments, net (6,550) (4,190)
Gain on the sales of rental property, net (15,099) (49,913)
Non-cash compensation expense 3,474 3,192
Change in assets and liabilities:    
Tenant accounts receivable 207 (1,943)
Prepaid expenses and other assets (12,707) (9,230)
Accounts payable, accrued expenses and other liabilities 2,024 (4,647)
Tenant prepaid rent and security deposits 3,321 4,147
Total adjustments 54,126 10,178
Net cash provided by operating activties 117,440 103,540
Cash flows from investing activities:    
Additions of land and buildings and improvements 41,326 46,325
Acquisitions of land and buildings and improvements (69,488) (36,745)
Proceeds from sales of rental property, net 29,573 63,834
Acquisition deposits, net 450 450
Acquisitions of deferred leasing intangibles (11,225) (6,140)
Net cash used in investing activities (92,016) (24,926)
Cash flows from financing activities:    
Proceeds from unsecured credit facility 168,000 489,000
Repayment of unsecured credit facility (230,000) (386,000)
Repayment of unsecured notes 0 (100,000)
Repayment of mortgage notes (57) (55)
Payment of loan fees and costs 0 (5)
Proceeds from sales of common stock, net 177 159
Dividends and distributions (24,275) (70,960)
Income taxes paid on vested equity compensation (644) (649)
Contributions from noncontrolling interest in joint ventures 0 874
Net Cash Provided by (Used in) Financing Activities, Total (87,153) (67,954)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (61,729) 10,660
Cash and cash equivalents and restricted cash—beginning of period 100,883 37,393
Cash and cash equivalents and restricted cash—end of period 39,154 48,053
Supplemental disclosure:    
Cash paid for interest, net of amounts capitalized of $825 and $781 for 2026 and 2025, respectively 15,341 19,875
Supplemental schedule of non-cash investing and financing activities    
Acquisitions of land and buildings and improvements 0 (342)
Acquisitions of deferred leasing intangibles 0 (58)
Additions to building and other capital improvements from involuntary conversion 0 (1,855)
Change in additions of land, building, and improvements included in accounts payable, accrued expenses and other liabilities 8,887 1,255
Additions to building and other capital improvements from non-cash compensation (111) (70)
Change in loan fees, costs, and offering costs included in accounts payable, accrued expenses and other liabilities (67) (58)
Dividends and distributions payable $ 75,631 $ 23,668