v3.26.1
Shareholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Sale of Stock by Subsidiary or Equity Method Investee Disclosure
The following table presents information about the ATM Programs (in thousands):

As of June 30, 2026
Program NameDate EstablishedDate TerminatedMaximum Sales Authorization
Value of Gross Proceeds
Settled (1)
Value of Gross Proceeds of Unsettled Forward Equity
Value of Gross Proceeds Available for Issuance (2)
2023 ATM Program (3)
October 2023August 2024$300,000 $77,323 $30,806 $— 
2024 ATM Program (4)
August 2024April 2026$300,000 $52,446 $203,641 $— 
2026 ATM Program (5)
April 2026$400,000 $— $178,416 $221,584 
(1) Represents gross proceeds received from shares of common stock issued by the Company under the ATM Programs, including settlements of forward sale agreements.
(2) Represents gross proceeds available for future issuances of shares of common stock under the ATM Programs.
(3) As of June 30, 2026, 1,743,100 shares remain unsettled under the forward sale agreements at a weighted-average available net settlement price of $17.06.
(4) As of June 30, 2026, 11,034,802 shares remain unsettled under the forward sale agreements at a weighted-average available net settlement price of $18.07.
(5) As of June 30, 2026, 8,697,206 shares remain unsettled under the forward sale agreements at a weighted-average available net settlement price of $20.30.

The following table details information related to the issuance of shares (including through physical settlement under forward sale agreements) under the ATM Programs for the six months ended June 30, 2025 (in thousands, except share and per share data). During the three and six months ended June 30, 2026, the Company did not issue any shares under the ATM Programs or physically settle any forward sale agreements under the ATM Programs.

Six Months Ended June 30,
2025
Shares of common stock issued (1)
1,757,815 
Weighted-average price per share$16.32 
Gross proceeds$28,694 
Sales commissions and offering costs$342 
Net proceeds (2)
$28,352 
(1) Includes 1,105,299 shares of common stock that were physically settled at a weighted-average price of $16.37 per share under forward sale agreements.
(2) The net proceeds were contributed to the Operating Partnership in exchange for an equivalent number of OP Units.
The following table presents information about the Company’s January 2024, July 2025, and February 2026 follow-on offerings (in thousands, except share data):

As of June 30, 2026
Follow-On OfferingShares SoldShares SettledShares UnsettledValue of Gross Proceeds of Unsettled Forward Equity
January 202411,040,0006,200,0004,840,000$87,120 
July 202512,420,00012,420,000$— 
February 202612,627,00012,627,000$239,913 
Common Stock Dividends Declared and Paid
During the six months ended June 30, 2026, the Company declared and paid the following common stock dividends (in thousands, except per share data):
Six Months Ended June 30, 2026
Declaration DateDividend Per ShareRecord DateTotal AmountPayment Date
February 5, 2026$0.220 March 16, 2026$21,396 March 31, 2026
April 16, 20260.220 June 1, 202621,398 June 15, 2026
$0.440 $42,794 

During the six months ended June 30, 2025, the Company declared and paid the following common stock dividends (in thousands, except per share data):
Six Months Ended June 30, 2025
Declaration DateDividend Per ShareRecord DateTotal AmountPayment Date
February 21, 2025$0.210 March 14, 2025$17,157 March 31, 2025
April 25, 20250.210 June 2, 202517,159 June 16, 2025
$0.420 $34,316