Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Class of Stock [Line Items]

Schedule of Monthly Distributions Paid per Common Share

The following is a summary of monthly distributions paid per common share for the periods indicated below:

	Three months ended March 31,
Month	2024		2023
January	$	0.2565	$	0.2485
February	0.2565		0.2485
March	0.2565		0.2545
Total	$	0.7695	$	0.7515

At March 31, 2024, a distribution of $0.2570 per common share was payable and was paid in April 2024.

ATM Program

Class of Stock [Line Items]

Schedule of Common Stock Issuances

The following table outlines common stock issuances pursuant to our ATM programs (dollars in millions, shares in thousands):

	Three months ended March 31,
	2024		2023
Shares of common stock issued under the ATM program (1)	9,604		12,664
Gross proceeds	$	547.0	$	801.7
Sales agents' commissions and other offering expenses	(3.5)		(5.5)
Net proceeds	$	543.5	$	796.2

(1) During the three months ended March 31, 2024, 4.6 million shares were sold, and 9.6 million shares were settled pursuant to forward sale confirmations. In addition, as of March 31, 2024, 1.2 million shares of common stock subject to forward sale confirmations have been executed, but not settled, at a weighted average initial gross price of $54.00 per share. We currently expect to fully settle forward sale agreements outstanding by June 30, 2024, representing $62.9 million in net proceeds, for which the weighted average forward price at March 31, 2024 was $53.70 per share.

DRSPP

Class of Stock [Line Items]

Schedule of Common Stock Issuances

The following table outlines common stock issuances pursuant to our DRSPP program (dollars in millions, shares in thousands):

	Three months ended March 31,
	2024		2023
Shares of common stock issued under the DRSPP program	58		42
Gross proceeds	$	3.1	$	2.7