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Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Summary of the at-the-Market Equity Offering Program The following table summarizes ATM Program activity for the years ended December 31, 2022 and 2021 (in thousands, except per share amounts):
For the Year Ended December 31,
20222021
Number of shares2,405 990 
Average sales price per share$20.00 $23.74 
Gross proceeds(1)
$48,100 $23,505 
(1)    Total gross proceeds is before $0.6 million and $0.3 million of commissions paid to the sales agents during the year ended December 31, 2022 and 2021, respectively, under the ATM Program.
Summary of Dividends on Common Stock The following table summarizes the cash dividends per share of common stock declared by the Company’s Board of Directors for 2022, 2021 and 2020 (dollars in thousands, except per share amounts):
For the Three Months Ended
2022March 31,June 30,September 30,December 31,
Dividends declared per share$0.275 $0.275 $0.275 $0.275 
Dividends payment dateApril 15, 2022July 15, 2022October 14, 2022January 13, 2023
Dividends payable as of record date[1]
$26,691 $26,683 $26,683 $27,386 
Dividends record dateMarch 31, 2022June 30, 2022September 30, 2022December 30, 2022
2021
Dividends declared per share$0.265 $0.265 $0.265 $0.265 
Dividends payment dateApril 15, 2021July 15, 2021October 15, 2021January 14, 2022
Dividends payable as of record date[1]
$25,633 $25,714 $25,714 $25,755 
Dividends record dateMarch 31, 2021June 30, 2021September 30, 2021December 31, 2021
2020
Dividends declared per share$0.25 $0.25 $0.25 $0.25 
Dividends payment dateApril 15, 2020July 15, 2020October 15, 2020January 15, 2021
Dividends payable as of record date[1]
$23,931 $23,931 $23,934 $23,933 
Dividends record dateMarch 31, 2020June 30, 2020September 30, 2020December 31, 2020
(1) Dividends payable includes dividends on performance stock awards that will be paid if and when the shares subject to such awards vest.