v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Capital in Excess of Par Value
Accumulated Distributions in Excess of Earnings
Accumulated Other Comprehensive (Loss) Income
Non-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2024     437,313,001        
Beginning balance at Dec. 31, 2024 $ 1,775,202 $ 1,774,858 $ 4,374 $ 3,533,329 $ (1,676,562) $ (86,283) $ 344
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     1,416,038        
Issuance of common stock 8,621 8,621 $ 13 8,608      
Equity-based compensation (in shares)     9,852        
Equity-based compensation 740 740 $ 2 738      
Distributions declared on common stock (37,201) (37,201)     (37,201)    
Redemptions of common stock (in shares)     (1,844,645)        
Redemptions of common stock (11,236) (11,236) $ (18) (11,218)      
Changes in redeemable common stock 2,625 2,625   2,625      
Contributions from non-controlling interests 200           200
Comprehensive income (loss) 38,807 38,798     (32,883) 71,681 9
Ending balance (in shares) at Mar. 31, 2025     436,894,246        
Ending balance at Mar. 31, 2025 $ 1,777,758 1,777,205 $ 4,371 3,534,082 (1,746,646) (14,602) 553
Beginning balance (in shares) at Dec. 31, 2025 436,908,325   436,908,325        
Beginning balance at Dec. 31, 2025 $ 1,749,933 1,748,162 $ 4,372 3,537,903 (1,774,685) (19,428) 1,771
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     1,402,104        
Issuance of common stock 7,319 7,319 $ 14 7,305      
Equity-based compensation 1,223 1,223 $ 3 1,220      
Distributions declared on common stock (37,396) (37,396)     (37,396)    
Redemptions of common stock (in shares)     (1,575,876)        
Redemptions of common stock (8,227) (8,227) $ (17) (8,210)      
Changes in redeemable common stock 906 906   906      
Contributions from non-controlling interests 46           46
Comprehensive income (loss) $ 38,264 38,220     43,028 (4,808) 44
Ending balance (in shares) at Mar. 31, 2026 436,734,553   436,734,553        
Ending balance at Mar. 31, 2026 $ 1,752,068 $ 1,750,207 $ 4,372 $ 3,539,124 $ (1,769,053) $ (24,236) $ 1,861