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Equity (Tables)
6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of stock sale activity
The following table summarizes the terms of the Company’s at-the-market (“ATM”) common stock offering program as of June 30, 2026. There was no activity for the ATM common stock offering program during the six months ended June 30, 2026, except for the shares sold and settled on a forward basis, as discussed below.

ATM Common Stock Offering ProgramDateMaximum Aggregate Offering Price (in thousands)
2025 $750 million ATM(1)
February 13, 2025$750,000 
(1)The ATM common stock offering program was originally implemented on February 17, 2022, and had an initial maximum aggregate offering price of $750 million. On February 13, 2025, following the filing of a new shelf registration statement, the Company carried forward the ATM common stock offering program to the new registration statement, at which time the remaining maximum aggregate offering price (that is, the amount carried forward) was less than $750 million.
Schedule of Forward Contracts Indexed to Issuer's Equity
The following table summarizes the activity for shares sold on a forward basis under the ATM common stock offering program and shares settled during the six months ended June 30, 2026.

Forward Sale AgreementsShares
Gross Sales
(in thousands)
Weighted Average Gross Sales Price Per Share
Weighted Average Net Sales Price Per Share
Sales Commissions Per Share(1)
Net Proceeds Received Per Share
Outstanding at December 31, 2025 $ 
New forward sale agreements1,977,469 76,989 $38.93 $38.54 $0.39 
Forward sale agreements settled(1,562,682)(60,755)$38.28 
Outstanding at June 30, 2026414,787 $16,234 
(1)Upon a forward sale, the equity distribution agent typically earns a sales commission of 1% of the gross sales price.
Schedule of activity related to unvested restricted stock awards
The following table summarizes activity related to the Company’s unvested restricted shares of common stock during the six months ended June 30, 2026.

Unvested Restricted Shares of Common StockShares
Weighted Average Grant Date Fair Value per Share
Balance at December 31, 2025110,832 $35.99 
Granted39,540 $37.93 
Vested(1)
(44,498)$37.48 
Forfeited(7,113)$35.74 
Balance at June 30, 202698,761 $36.11 
(1)The Company repurchased and retired 16,166 restricted shares of common stock that vested during the six months ended June 30, 2026.
Schedule of vested restricted shares of common stock activity
The following table summarizes the fair value at vesting for the restricted shares of common stock that vested during the three and six months ended June 30, 2026 and 2025.

 Three months ended June 30,Six months ended June 30,
Vested Restricted Shares of Common Stock2026202520262025
Vested restricted shares of common stock— — 44,498 51,100 
Fair value of vested restricted shares of common stock (in thousands)$— $— $1,636 $1,728