v3.25.2
Equity (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of At the Market Program
The following table presents information about the ATM Programs (dollar amounts in thousands):
Program NameDate EstablishedDate TerminatedMaximum Sales AuthorizationGross Sales through
June 30, 2025
2022 ATM ProgramMay 2022June 2024$500,000 $383,426 
June 2024 ATM Program (1)
June 2024October 2024$500,000 $339,992 
October 2024 ATM Program (1)
October 2024$750,000 $218,434 
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(1)Includes 1,000,000 shares under the June 2024 ATM Program and 6,082,921 shares under the October 2024 ATM Program that the Company sold on a forward basis and were not physically settled as of June 30, 2025.
The following table details activity under the ATM Programs for each period presented:
(in thousands, except share and per share data)Three months ended June 30,Six months ended June 30,
2025202420252024
Shares of common stock sold (1)
3,664,521 5,047,448 4,299,921 7,256,033 
Weighted average sale price per share$32.45 $27.15 $32.45 $26.24 
Gross proceeds$118,916 $137,040 $139,519 $190,422 
Net proceeds$117,218 $134,512 $137,512 $187,529 
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(1)During the six months ended June 30, 2025 and 2024, the Company issued 10,336,110 and 1,937,450 shares of common stock, respectively, which were previously sold on a forward basis under the ATM Programs and were unsettled as of December 31, 2024 and 2023, respectively.
Schedule of Quarterly Cash Dividends
During the six months ended June 30, 2025 and 2024, the Company’s board of directors declared the following quarterly cash dividends on common stock:
Date DeclaredRecord DateDate PaidDividend per Share of Common StockTotal Dividend
(in thousands)
May 30, 2025June 30, 2025July 14, 2025$0.30 $59,544 
March 7, 2025March 31, 2025April 11, 2025$0.295 $58,368 
May 31, 2024June 28, 2024July 12, 2024$0.29 $50,965 
March 7, 2024March 29, 2024April 12, 2024$0.285 $50,079