v3.25.4
Equity (Tables)
12 Months Ended
Dec. 31, 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 Authorization
Gross Sales through December 31, 2025
2022 ATM Program May 2022June 2024$500,000 $383,426 
June 2024 ATM ProgramJune 2024October 2024$500,000 $339,992 
October 2024 ATM Program (1)
October 2024$750,000 $402,530 
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(1)Includes 6,185,920 shares under the October 2024 ATM Program that the Company sold on a forward basis and were not physically settled as of December 31, 2025.
The following table details information related to activity under the ATM Program for each period presented:
Year ended December 31,
(in thousands, except share and per share data)202520242023
Shares of common stock sold (1)(2)
10,245,801 19,704,599 5,931,654 
Weighted average sale price per share$31.59 $29.52 $24.48 
Gross proceeds$323,615 $581,689 $145,224 
Net proceeds$319,968 $573,343 $142,922 
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(1)Includes 6,185,920 shares of common stock that the Company sold on a forward basis during the year ended December 31, 2025 and were not physically settled as of December 31, 2025.
(2)During the years ended December 31, 2025 and 2024, the Company issued 13,119,110 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 years ended December 31, 2025, 2024 and 2023, the Company's board of directors declared the following quarterly cash dividends on common stock: 
Date DeclaredRecord DateDate PaidDividend per Share of
Common Stock
Total Dividend (dollars in thousands)
December 5, 2025December 31, 2025January 14, 2026$0.31 $65,107 
September 5, 2025September 30, 2025October 14, 2025$0.30 $59,543 
May 30, 2025June 30, 2025July 14, 2025$0.30 $59,544 
March 7, 2025March 31, 2025April 11, 2025$0.295 $58,368 
December 6, 2024December 31, 2024January 14, 2025$0.295 $55,444 
September 5, 2024September 30, 2024October 11, 2024$0.29 $50,964 
May 31, 2024June 28, 2024July 12, 2024$0.29 $50,965 
March 7, 2024March 29, 2024April 12, 2024$0.285 $50,079 
December 1, 2023December 29, 2023January 12, 2024$0.285 $47,024 
September 7, 2023September 29, 2023October 13, 2023$0.28 $43,788 
June 9, 2023June 30, 2023July 14, 2023$0.28 $43,551 
March 7, 2023March 31, 2023April 14, 2023$0.275 $41,031