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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 44,529 $ 32,768
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on investment property transactions 0 (98)
Depreciation and amortization 308,276 271,429
Amortization of deferred financing costs, debt premiums, and debt discounts, net 3,313 3,024
Equity-classified stock-based compensation expense, net of forfeitures 13,113 11,272
Effect of non-cash adjustments to rental revenues (65,726) (42,258)
Loss from unconsolidated joint ventures 6,152 788
Operating distributions from unconsolidated joint ventures 1,310 2,451
Changes in other operating assets and liabilities, net of acquisitions:    
Change in receivables and other assets, net (5,865) (5,730)
Change in operating liabilities, net (17,299) (2,451)
Net cash provided by operating activities 287,803 271,195
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (180,460) (184,121)
Property acquisitions (247,845) 0
Proceeds from borrower repayment of investments in real estate debt 150,791 0
Investments in real estate debt (20,338) (28,636)
Contributions to unconsolidated joint ventures (37,660) (41,119)
Proceeds from investment property sales, net 0 (3)
Net cash used in investing activities (335,512) (253,879)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 389,115 396,800
Repayment of credit facility (417,732) (581,900)
Bond issuance, net of original issue discount 499,935 498,540
Repayment of term loans 0 (100,000)
Repayment of senior notes (250,000) 0
Repayment of mortgages (5,044) (6,395)
Repurchase of shares withheld for taxes on restricted stock vestings (1,908) (1,111)
Payment of deferred financing costs (5,802) (5,446)
Payment of issuance of common stock costs (315) 0
Common dividends paid (162,054) (146,733)
Contributions from noncontrolling interests 7 22
Distributions to noncontrolling interests (1,167) (997)
Net cash provided by financing activities 45,035 52,780
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,674) 70,096
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 7,349 6,047
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 4,675 $ 76,143