EQUITY (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Equity [Abstract] |
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| Schedule of Dividends Declared Per Share of Common Stock |
The following table presents the dividends declared per share of our common stock during the six months ended June 30, 2026.
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Declaration Date |
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Declared Amount |
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Record Date |
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Payment Date |
March 5, 2026 |
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$ |
0.3665 |
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March 31, 2026 |
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April 15, 2026 |
June 8, 2026 |
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$ |
0.3665 |
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June 30, 2026 |
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July 15, 2026 |
June 8, 2026 |
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$ |
0.1222 |
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July 31, 2026 |
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August 17, 2026 |
June 8, 2026 |
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$ |
0.1222 |
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August 31, 2026 |
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September 15, 2026 |
June 8, 2026 |
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$ |
0.1222 |
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September 30, 2026 |
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October 15, 2026 |
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| Schedule of Company's Activity Under the At-The-Market Program |
The following tables present the Company’s activity under its ATM programs:
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Three Months Ended June 30, 2026 |
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Shares |
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Gross Wtd Avg Sales Price |
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Net Wtd Avg Sales Price |
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Net Proceeds (1)
($ in thousands) |
Executed forward sale agreements |
— |
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$— |
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n/a |
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n/a |
Physically settled forward sale agreements |
— |
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$— |
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$— |
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$— |
Total shares sold and issued under the ATM programs |
— |
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$— |
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$— |
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$— |
(1)Net proceeds, after sales commissions and offering expenses
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Six Months Ended June 30, 2026 |
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Shares |
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Gross Wtd Avg Sales Price |
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Net Wtd Avg Sales Price |
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Net Proceeds (1)
($ in thousands) |
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Executed forward sale agreements |
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— |
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$ |
— |
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n/a |
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n/a |
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Physically settled forward sale agreements |
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1,439,298 |
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$ |
27.72 |
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$ |
27.19 |
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$ |
39,136 |
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Total shares sold and issued under the ATM programs |
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1,439,298 |
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$ |
27.72 |
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$ |
27.19 |
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$ |
39,136 |
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(1)Net proceeds, after sales commissions and offering expenses
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Three Months Ended June 30, 2025 |
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Shares |
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Gross Wtd Avg Sales Price |
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Net Wtd Avg Sales Price |
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Net Proceeds (1)
($ in thousands) |
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Executed forward sale agreements |
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841,556 |
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$ |
28.08 |
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n/a |
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n/a |
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Physically settled forward sale agreements |
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2,241,232 |
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$ |
28.21 |
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$ |
27.66 |
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$ |
61,993 |
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Total shares sold and issued under the ATM programs |
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2,241,232 |
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$ |
28.21 |
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$ |
27.66 |
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$ |
61,993 |
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(1)Net proceeds, after sales commissions and offering expenses
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Six Months Ended June 30, 2025 |
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Shares |
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Gross Wtd Avg Sales Price |
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Net Wtd Avg Sales Price |
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Net Proceeds (1)
($ in thousands) |
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Executed forward sale agreements |
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6,108,008 |
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$ |
28.27 |
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n/a |
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n/a |
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Physically settled forward sale agreements |
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2,241,232 |
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$ |
28.21 |
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$ |
27.66 |
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$ |
61,993 |
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Total shares sold and issued under the ATM programs |
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2,241,232 |
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$ |
28.21 |
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$ |
27.66 |
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$ |
61,993 |
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(1)Net proceeds, after sales commissions and offering expenses
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| Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the computation of basic and diluted net earnings per common share.
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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(In thousands except for shares and per share data) |
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2026 |
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2025 |
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2026 |
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2025 |
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Average common shares outstanding – basic |
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109,495,491 |
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100,820,074 |
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109,388,849 |
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100,267,510 |
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Net effect of dilutive equity awards |
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298,817 |
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348,157 |
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314,156 |
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363,707 |
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Average common shares outstanding – diluted |
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109,794,308 |
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101,168,231 |
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109,703,005 |
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100,631,217 |
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Net income available to common shareholders |
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$ |
29,964 |
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$ |
27,924 |
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$ |
60,298 |
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$ |
54,080 |
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Basic net earnings per share |
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$ |
0.27 |
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$ |
0.28 |
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$ |
0.55 |
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$ |
0.54 |
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Diluted net earnings per share |
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$ |
0.27 |
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$ |
0.28 |
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$ |
0.55 |
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$ |
0.54 |
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