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Shareholders' Equity
 9 Months Ended
Sep. 30, 2026
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS’ EQUITY SHAREHOLDERS’ EQUITY
The following table provides a summary of dividends declared and paid per share:

Nine Months Ended September 30,
20262025
DeclaredPaidDeclaredPaid
Common shares$3.420 $3.390 $3.330 $3.300 
5.417% Series 1 Cumulative Convertible Preferred shares
$1.016 $1.016 $1.016 $1.016 
5.00% Series C Cumulative Redeemable Preferred shares (1)
$0.938 $0.938 $0.938 $0.938 
(1)Amount represents dividends per depository share, each representing 1/1000th of a share.

We have an at-the-market ("ATM") equity program under which we may from time to time offer and sell common shares up to an aggregate offering price of $750.0 million. Our ATM program also allows shares to be sold through forward sales contracts. We intend to use the net proceeds to fund potential acquisition opportunities, fund our development and redevelopment pipeline, repay indebtedness and/or for general corporate purposes.
During the nine months ended September 30, 2026, we issued 493,374 common shares at a weighted average price per share of $123.92 for net cash proceeds of $60.3 million including paying $0.6 million in commissions and $0.2 million in additional offering expenses related to the sales of these common shares. We have the remaining capacity to issue up to $688.9 million in common shares under our ATM equity program as of September 30, 2026.
On April 10, 2025, we announced that our Board of Trustees had approved the repurchase of up to $300.0 million of our outstanding common shares. During the three and nine months ended September 30, 2026, we repurchased 591,113 common shares for $65.0 million (52,838 shares of which settled in October 2026), at a weighted average purchase price per share of $109.94. Common shares we repurchase are automatically retired and considered authorized, but unissued shares.