v3.25.2
Common and Preferred Stock (Tables)
6 Months Ended
Jun. 30, 2025
Common and Preferred Stock  
Summary of ATM programs

The following table summarizes the ATM programs that were in place during 2025 and 2024:

Program

Program Size
($ million)

Total Forward Shares Sold

Total Forward Shares Settled

Total Forward Shares Outstanding as of June 30, 2025

Total Net Proceeds Anticipated or Received from Forward Shares Sold
($ million)

September 2022

(1)

$750.0

10,217,973

10,217,973

$670.3

February 2024

(1)

$1,000.0

10,409,017

6,105,388

4,303,629

(3)

$705.1

October 2024

$1,250.0

2,938,499

(2)

2,938,499

(4)

$221.7

(1)Applicable ATM program terminated and no future forward sales will occur under the program.

(2)

After considering the shares of common stock sold subject to forward sale agreements under the program, the Company had approximately $1.03 billion of availability under the October 2024 Program as of June 30, 2025.

(3)

The Company is required to settle the outstanding forward shares of common stock under the program by dates between August 2025 and October 2025.

(4)

The Company is required to settle the outstanding forward shares of common stock under the program by dates between June 2026 and October 2026.

Summary of ATM activity

The following table summarizes the ATM activity completed during the periods presented:

Three Months Ended

Six Months Ended

June 30, 2025

    

June 30, 2024

    

June 30, 2025

    

June 30, 2024

Shares of common stock sold under the ATM programs

362,021

3,235,964

2,770,222

3,256,707

Shares of common stock settled under the ATM programs

663,892

3,329,890

Net proceeds received (in millions)

$

41.2

$

$

224.5

$