v3.26.1
EQUITY (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Dividends Payable
Distributions—For each month beginning January 2026 through March 2026, we declared and paid monthly distributions of $0.1083 per common share and Operating Partnership unit (“OP unit”). Distributions paid to stockholders and OP unit holders of record subsequent to March 31, 2026 were as follows (dollars in thousands, excluding per share amounts):
MonthDate of RecordDate Distribution PaidMonthly Distribution RateCash Distribution
March3/16/20264/1/2026$0.1083 $15,000 
Schedule of OP Unit Activity
The table below is a summary of our OP unit activity for the three months ended March 31, 2026 and 2025 (dollars and shares in thousands):
Three Months Ended March 31,
20262025
OP units converted into shares of common stock(1)
114 226 
Distributions declared on OP units(2)
$3,893 $4,051 
(1)OP units convert into shares of our common stock at a 1:1 ratio.
(2)Distributions declared on OP units are included in Distributions to Noncontrolling Interests on the consolidated statements of equity.