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EQUITY (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Company's Activity Under the At-The-Market Program

The following tables present the Company’s activity under its ATM programs:

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

Gross Wtd Avg Sales Price

 

 

Net Wtd Avg Sales Price

 

 

Net Proceeds (1)
($ in thousands)

 

Executed forward sale agreements

 

7,796,898

 

 

$

27.88

 

 

n/a

 

 

 

 

Physically settled forward sale agreements

 

4,266,323

 

 

$

27.56

 

 

$

27.14

 

 

$

115,800

 

Total shares sold and issued under the ATM programs

 

8,068,155

 

 

$

27.10

 

 

$

26.63

 

 

$

214,900

 

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

Gross Wtd Avg Sales Price

 

 

Net Wtd Avg Sales Price

 

 

Net Proceeds (1)
($ in thousands)

 

Executed forward sale agreements

 

1,907,946

 

 

$

27.76

 

 

n/a

 

 

 

 

Physically settled forward sale agreements

 

4,437,970

 

 

$

27.32

 

 

$

26.91

 

 

$

119,400

 

Total shares sold and issued under the ATM programs

 

5,805,334

 

 

$

26.90

 

 

$

26.42

 

 

$

153,400

 

(1)
net proceeds, after sales commissions and offering expenses
Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of basic and diluted net earnings per common share for the years ended December 31, 2024, 2023, and 2022.

 

 

 

Year Ended December 31,

 

(In thousands, except share and per share data)

 

2024

 

 

2023

 

 

2022

 

Average common shares outstanding – basic

 

 

93,643,129

 

 

 

88,526,343

 

 

 

81,590,124

 

Net effect of dilutive stock based compensation

 

 

421,369

 

 

 

220,685

 

 

 

216,941

 

Average common shares outstanding – diluted

 

 

94,064,498

 

 

 

88,747,028

 

 

 

81,807,065

 

Net income available to common shareholders

 

$

100,473

 

 

$

95,340

 

 

$

97,772

 

Basic net earnings per share

 

$

1.07

 

 

$

1.08

 

 

$

1.20

 

Diluted net earnings per share

 

$

1.07

 

 

$

1.07

 

 

$

1.20