Equity (Tables)

9 Months Ended

Sep. 30, 2026

Stockholders' Equity Note [Abstract]

The following table summarizes the terms of the Company’s at-the-market (“ATM”) common stock offering program as of September 30, 2026. There was no activity for the ATM common stock offering program during the nine months ended September 30, 2026, except for the shares sold and settled on a forward basis, as discussed below.

ATM Common Stock Offering Program

Date

Maximum Aggregate Offering Price (in thousands)

2025 $750 million ATM(1)

February 13, 2025

750,000

(1)The ATM common stock offering program was originally implemented on February 17, 2022, and had an initial maximum aggregate offering price of $750 million. On February 13, 2025, following the filing of a new shelf registration statement, the Company carried forward the ATM common stock offering program to the new registration statement, at which time the remaining maximum aggregate offering price (that is, the amount carried forward) was less than $750 million.

Schedule of Forward Contracts Indexed to Issuer's Equity

The following table summarizes the activity for shares sold on a forward basis under the ATM common stock offering program and shares settled during the nine months ended September 30, 2026.


Forward Sale Agreements	Shares	Gross Sales (in thousands)		Weighted Average Gross Sales Price Per Share		Weighted Average Net Sales Price Per Share		Sales Commissions Per Share(1)		Net Proceeds Received Per Share
Outstanding at December 31, 2025	—	$	—
New forward sale agreements	3,365,149	131,251		$	39.00	$	38.62	$	0.38
Forward sale agreements settled	(1,562,682)	(60,755)								$	38.28
Outstanding at September 30, 2026	1,802,467	$	70,496

(1)Upon a forward sale, the equity distribution agent typically earns a sales commission of 1% of the gross sales price.

Schedule of activity related to unvested restricted stock awards

The following table summarizes activity related to the Company’s unvested restricted shares of common stock during the nine months ended September 30, 2026.


Unvested Restricted Shares of Common Stock	Shares	Weighted Average Grant Date Fair Value per Share




Balance at December 31, 2025	110,832	$	35.99
Granted	39,540	$	37.93
Vested(1)	(44,498)	$	37.48
Forfeited	(7,113)	$	35.74
Balance at September 30, 2026	98,761	$	36.11

(1)The Company repurchased and retired 16,166 restricted shares of common stock that vested during the nine months ended September 30, 2026.

Schedule of vested restricted shares of common stock activity

The following table summarizes the fair value at vesting for the restricted shares of common stock that vested during the three and nine months ended September 30, 2026 and 2025.


	Three months ended September 30,				Nine months ended September 30,
Vested Restricted Shares of Common Stock	2026		2025		2026		2025
Vested restricted shares of common stock	—		—		44,498		51,100
Fair value of vested restricted shares of common stock (in thousands)	$	—	$	—	$	1,636	$	1,728