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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Distributions in Excess of Earnings
Noncontrolling Interests
Preferred stock, beginning balance (in shares) at Dec. 31, 2023     4,760,000          
Common stock, beginning balance (in shares) at Dec. 31, 2023       209,627,197        
Beginning Balance at Dec. 31, 2023 $ 1,648,983 $ 1,642,075 $ 48 $ 2,096 $ 2,291,297 $ (2,036) $ (649,330) $ 6,908
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 8,358 8,328         8,328 30
Unrealized loss on interest rate derivative instruments 960 957       957   3
Unrealized gain on Rabbi Trust assets 299 298       298   1
Distributions on common stock (6,332) (6,301)         (6,301) (31)
Distributions on preferred stock (2,454) (2,454)         (2,454)  
Share-based compensation (in shares)       753,860        
Share-based compensation 2,335 1,902   $ 7 1,895     433
Shares redeemed to satisfy withholdings on vested share based compensation (in shares)       (316,624)        
Shares redeemed to satisfy withholdings on vested share based compensation (2,907) (2,907)   $ (3) (2,904)      
Preferred stock, ending balance (in shares) at Mar. 31, 2024     4,760,000          
Common stock, ending balance (in shares) at Mar. 31, 2024       210,064,433        
Ending Balance at Mar. 31, 2024 1,649,242 1,641,898 $ 48 $ 2,100 2,290,288 (781) (649,757) 7,344
Preferred stock, beginning balance (in shares) at Dec. 31, 2023     4,760,000          
Common stock, beginning balance (in shares) at Dec. 31, 2023       209,627,197        
Beginning Balance at Dec. 31, 2023 1,648,983 1,642,075 $ 48 $ 2,096 2,291,297 (2,036) (649,330) 6,908
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 32,989              
Unrealized gain on Rabbi Trust assets 352              
Amounts reclassified from other comprehensive income 0              
Preferred stock, ending balance (in shares) at Jun. 30, 2024     4,760,000          
Common stock, ending balance (in shares) at Jun. 30, 2024       207,918,179        
Ending Balance at Jun. 30, 2024 1,649,032 1,640,354 $ 48 $ 2,079 2,274,223 (2,077) (633,919) 8,678
Preferred stock, beginning balance (in shares) at Mar. 31, 2024     4,760,000          
Common stock, beginning balance (in shares) at Mar. 31, 2024       210,064,433        
Beginning Balance at Mar. 31, 2024 1,649,242 1,641,898 $ 48 $ 2,100 2,290,288 (781) (649,757) 7,344
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 24,631 24,530         24,530 101
Unrealized loss on interest rate derivative instruments (1,354) (1,349)       (1,349)   (5)
Unrealized gain on Rabbi Trust assets 53 53       53    
Amounts reclassified from other comprehensive income 0              
Distributions on common stock (6,272) (6,238)         (6,238) (34)
Distributions on preferred stock (2,454) (2,454)         (2,454)  
Share-based compensation (in shares)       503,457        
Share-based compensation 7,527 6,255   $ 5 6,250     1,272
Shares redeemed to satisfy withholdings on vested share based compensation (in shares)       (195,404)        
Shares redeemed to satisfy withholdings on vested share based compensation (1,731) (1,731)   $ (2) (1,729)      
Common stock repurchased and retired (in shares)       (2,454,307)        
Common stock repurchased and retired (20,610) (20,610)   $ (24) (20,586)      
Preferred stock, ending balance (in shares) at Jun. 30, 2024     4,760,000          
Common stock, ending balance (in shares) at Jun. 30, 2024       207,918,179        
Ending Balance at Jun. 30, 2024 $ 1,649,032 1,640,354 $ 48 $ 2,079 2,274,223 (2,077) (633,919) 8,678
Preferred stock, beginning balance (in shares) at Dec. 31, 2024 4,760,000   4,760,000          
Common stock, beginning balance (in shares) at Dec. 31, 2024 207,592,210     207,592,210        
Beginning Balance at Dec. 31, 2024 $ 1,598,932 1,590,235 $ 48 $ 2,076 2,268,521 (1,360) (679,050) 8,697
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 11,915 11,857         11,857 58
Unrealized loss on interest rate derivative instruments (2,548) (2,535)       (2,535)   (13)
Unrealized gain on Rabbi Trust assets 54 54       54    
Amounts reclassified from other comprehensive income (673) (670)       (670)   (3)
Distributions on common stock (16,872) (16,781)         (16,781) (91)
Distributions on preferred stock (2,454) (2,454)         (2,454)  
Share-based compensation (in shares)       1,379,495        
Share-based compensation 1,302 1,194   $ 14 1,180     108
Shares redeemed to satisfy withholdings on vested share based compensation (in shares)       (585,127)        
Shares redeemed to satisfy withholdings on vested share based compensation (4,888) (4,888)   $ (6) (4,882)      
Common stock repurchased and retired (in shares)       (1,413,643)        
Common stock repurchased and retired (11,116) (11,116)   $ (15) (11,101)      
Preferred stock, ending balance (in shares) at Mar. 31, 2025     4,760,000          
Common stock, ending balance (in shares) at Mar. 31, 2025       206,972,935        
Ending Balance at Mar. 31, 2025 $ 1,573,652 1,564,896 $ 48 $ 2,069 2,253,718 (4,511) (686,428) 8,756
Preferred stock, beginning balance (in shares) at Dec. 31, 2024 4,760,000   4,760,000          
Common stock, beginning balance (in shares) at Dec. 31, 2024 207,592,210     207,592,210        
Beginning Balance at Dec. 31, 2024 $ 1,598,932 1,590,235 $ 48 $ 2,076 2,268,521 (1,360) (679,050) 8,697
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 52,954              
Unrealized gain on Rabbi Trust assets 392              
Amounts reclassified from other comprehensive income $ (684)              
Preferred stock, ending balance (in shares) at Jun. 30, 2025 4,760,000   4,760,000          
Common stock, ending balance (in shares) at Jun. 30, 2025 205,375,594     205,375,594        
Ending Balance at Jun. 30, 2025 $ 1,584,498 1,575,525 $ 48 $ 2,053 2,243,618 (5,473) (664,721) 8,973
Preferred stock, beginning balance (in shares) at Mar. 31, 2025     4,760,000          
Common stock, beginning balance (in shares) at Mar. 31, 2025       206,972,935        
Beginning Balance at Mar. 31, 2025 1,573,652 1,564,896 $ 48 $ 2,069 2,253,718 (4,511) (686,428) 8,756
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 41,039 40,835         40,835 204
Unrealized loss on interest rate derivative instruments (1,293) (1,287)       (1,287)   (6)
Unrealized gain on Rabbi Trust assets 338 336       336   2
Amounts reclassified from other comprehensive income (11) (11)       (11)    
Distributions on common stock (16,765) (16,674)         (16,674) (91)
Distributions on preferred stock (2,454) (2,454)         (2,454)  
Share-based compensation (in shares)       86,958        
Share-based compensation 2,580 2,472   $ 1 2,471     108
Common stock repurchased and retired (in shares)       (1,684,299)        
Common stock repurchased and retired $ (12,588) (12,588)   $ (17) (12,571)      
Preferred stock, ending balance (in shares) at Jun. 30, 2025 4,760,000   4,760,000          
Common stock, ending balance (in shares) at Jun. 30, 2025 205,375,594     205,375,594        
Ending Balance at Jun. 30, 2025 $ 1,584,498 $ 1,575,525 $ 48 $ 2,053 $ 2,243,618 $ (5,473) $ (664,721) $ 8,973