v3.26.1
Stockholder's Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Schedule of activity under ATM Program
The following table summarizes activity under the ATM Program in connection with forward sales agreements for the three months ended March 31, 2026 ($ in thousands):
Period Entered Into Forward Sales AgreementsShares SoldShares Settled
Net Proceeds Received(1)
Anticipated Gross Proceeds Remaining(2)
Three Months Ending
March 31, 2026		2,768,105151,314$3,086$46,922
Explanatory Notes:
(1) Based on the net forward sales price per share of forward shares under the ATM Program. The Company expects to settle outstanding forward sales agreements in full within 12 months of the respective agreement dates via physical delivery of the outstanding shares of common stock in exchange for cash proceeds, although the Company may elect cash settlement or net share settlement for all or a portion of its obligations under the forward sales agreements, subject to certain conditions.
(2) Net proceeds received are after deducting issuance fees and costs and making certain other adjustments as provided in the forward sales agreements.
During the three months ended March 31, 2026 and 2025, 512,421 and 139,626 shares, respectively, were issued under the ATM program. The following table summarizes the activity under the ATM Program for the period presented (dollars and shares issued in thousands, except per share amounts).
Three Months Ended
March 31,
20262025
Shares issued
512 140 
Gross proceeds received
$8,648 $1,983 
Issuance fees and costs(173)(39)
Net proceeds received $8,475 $1,944 
Weighted average gross sales price per share$16.88 $14.20 
During the three months ended March 31, 2026 and 2025, the Company incurred $0.3 million and $0.1 million, respectively, of other costs in the connection with its ATM Program which is excluded from the tables above.
Schedule of dividends declared
During the three months ended March 31, 2026, the Company's Board of Directors approved and the Company declared and paid dividends or distributions, as applicable, of $8.6 million to Class A common stockholders, Voting Equivalency stockholders, OP unitholders and LTIP unitholders, or $0.245 per share or unit, respectively as shown in the table below.
Declaration DateRecord DateDate PaidAmount Per Share or Unit
January 29, 2026February 13, 2026February 27, 2026$0.245