v3.26.3
Stockholders’ Equity (Tables)
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Schedule of Shares Sold Activity
The following table summarizes our transactions under the ATM Program during the nine months ended September 30, 2025, all of which were conducted subject to forward sale agreements, which we refer to as ATM forward sale agreements. There were no such transactions during the nine months ended September 30, 2026.
(In thousands, except share and per share data)Number of SharesWeighted Average Share PriceAggregate ValueNet Forward Sales Price Per ShareAggregate Net Value
March 2025 ATM Forward Sale Agreements7,835,973 $32.43 $254,156 $32.27 $252,840 
The following table summarizes our settlement activity of the outstanding forward shares under the ATM Program during the nine months ended September 30, 2026 and 2025.
($ In thousands)Settlement DateSettlement TypeNumber of Shares SettledTotal Net Proceeds Upon Settlement
2026
ATM Forward SharesApril 29, 2026Physical7,750,000 $242,144 
2025
ATM Forward SharesJuly 1, 2025Physical9,662,116 $295,966 
ATM Forward SharesAugust 11, 2025Physical2,439,256 $79,761 
Schedule of Common Stock Shares Outstanding
The following table details the issuance of outstanding shares of common stock, including restricted common stock:
Nine Months Ended September 30,
Common Stock Outstanding20262025
Beginning Balance January 1,1,068,811,371 1,056,366,685 
Issuance of common stock in connection with the Golden Entertainment Transaction24,296,255 — 
Issuance of common stock upon physical settlement of forward sale agreements7,750,000 12,101,372 
Issuance of restricted and unrestricted common stock under the stock incentive program, net of forfeitures225,498 340,637 
Ending Balance September 30,
1,101,083,124 1,068,808,694 
Schedule of Dividends Declared
Dividends declared (on a per share basis) during the nine months ended September 30, 2026 and 2025 were as follows:
Nine Months Ended September 30, 2026
Declaration DateRecord DatePayment DatePeriodDividend
March 5, 2026March 19, 2026April 9, 2026January 1, 2026 – March 31, 2026$0.4500 
June 4, 2026June 18, 2026July 9, 2026April 1, 2026 – June 30, 2026$0.4500 
September 3, 2026September 17, 2026October 8, 2026July 1, 2026 – September 30, 2026$0.4600 
Nine Months Ended September 30, 2025
Declaration DateRecord DatePayment DatePeriodDividend
March 6, 2025March 20, 2025April 3, 2025January 1, 2025 – March 31, 2025$0.4325 
June 5, 2025June 18, 2025July 10, 2025April 1, 2025 – June 30, 2025$0.4325 
September 4, 2025September 18, 2025October 9, 2025July 1, 2025 – September 30, 2025$0.4500