v3.26.3
Stockholder's Equity (Tables)
9 Months Ended
Sep. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of activity under ATM Program
The following table summarizes activity under the ATM Program in connection with forward sales agreements for the three and nine months ended September 30, 2026 ($ in thousands):
Period Entered Into Forward Sales AgreementsShares Sold
Shares Settled(1)
Net Proceeds Received(2)
Anticipated Gross Proceeds Remaining(3)
Three Months Ended
September 30, 2026
3,351,308
1,812,442
$38,234$77,709
Nine Months Ended
September 30, 2026
7,305,1773,953,869$75,807$77,709
Explanatory Notes:
(1) Reflects shares settled from forward sales agreements entered into by the Company in the first and second quarters of 2026.
(2) Net proceeds received are after deducting issuance fees and costs and making certain other adjustments as provided in the forward sales agreements.
(3) Based on the net forward sales price per share of forward shares under the ATM Program as of September 30, 2026. The Company expects to settle outstanding forward sales agreements in full within 12 months of the respective agreement dates via physical delivery of the outstanding shares of common stock in exchange for cash proceeds, although the Company may elect cash settlement or net share settlement for all or a portion of its obligations under the forward sales agreements, subject to certain conditions.
The following table summarizes the activity under the ATM Program for the period presented (dollars and shares issued in thousands, except per share amounts).
Three Months Ended
September 30,
Nine Months Ended September 30,
2026202520262025
Shares issued
1,477 1,678 2,491 2,347 
Gross proceeds received
$34,366 $25,988 $54,834 $35,776 
Issuance fees and costs(340)(520)(661)(716)
Net proceeds received $34,026 $25,468 $54,173 $35,060 
Weighted average gross sales price per share$23.26 $15.49 $22.02 $15.24 
Schedule of dividends declared
During the three and nine months ended September 30, 2026, the Company's Board of Directors approved and the Company declared and paid dividends or distributions, as applicable, of $9.3 million and $26.7 million, respectively, to Class A common stockholders, Voting Equivalency stockholders, OP unitholders and LTIP unitholders, or $0.245 and $0.735, per share or unit, respectively as shown in the table below.
Declaration DateRecord DateDate PaidAmount Per Share or Unit
January 29, 2026February 13, 2026February 27, 2026$0.245 
May 5, 2026May 15, 2026May 29, 2026$0.245 
August 3, 2026August 14, 2026August 28, 2026$0.245