Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Summary of the at-the-Market Equity Offering Program

The following tables summarize ATM Program activity (or activity under any predecessor at-the-market equity offering programs) for the years ended December 31, 2023, 2022 and 2021 (in thousands, except per share amounts):

	For the Year Ended December 31,
	2023		2022		2021
Number of shares	30,869		2,405		990
Average sales price per share	$	20.86	$	20.00	$	23.74
Gross proceeds(1)	$	643,802	$	48,100	$	23,505

(1)Total gross proceeds is before $8.3 million, $0.6 million, and $0.3 million of commissions paid to the sales agents and forward adjustments during the years ended December 31, 2023, 2022 and 2021, respectively, under the ATM Program. In addition, total gross proceeds is before other costs related to 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 2023, 2022 and 2021 (dollars in thousands, except per share amounts):

	For the Three Months Ended
2023	March 31,		June 30,		September 30,		December 31,
Dividends declared per share	$	0.28	$	0.28	$	0.28	$	0.28
Dividends payment date	April 14, 2023		July 14, 2023		October 13, 2023		January 12, 2024
Dividends payable as of record date[1]	$	27,846	$	27,853	$	32,403	$	36,531
Dividends record date	March 31, 2023		June 30, 2023		September 29, 2023		December 29, 2023
2022
Dividends declared per share	$	0.275	$	0.275	$	0.275	$	0.275
Dividends payment date	April 15, 2022		July 15, 2022		October 14, 2022		January 13, 2023
Dividends payable as of record date[1]	$	26,691	$	26,683	$	26,683	$	27,386
Dividends record date	March 31, 2022		June 30, 2022		September 30, 2022		December 30, 2022
2021
Dividends declared per share	$	0.265	$	0.265	$	0.265	$	0.265
Dividends payment date	April 15, 2021		July 15, 2021		October 15, 2021		January 14, 2022
Dividends payable as of record date[1]	$	25,633	$	25,714	$	25,714	$	25,755
Dividends record date	March 31, 2021		June 30, 2021		September 30, 2021		December 31, 2021

(1)Dividends payable includes dividends on performance stock awards that will be paid if and when the shares subject to such awards vest if deemed probable of meeting their performance condition.