XML 53 R42.htm IDEA: XBRL DOCUMENT v3.25.1
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2025
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
20252024
January$0.2640$0.2565 
February0.26400.2565 
March0.26800.2565 
Total
$0.7960 $0.7695 
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,
20252024
Shares of common stock issued under the ATM program (1)
11,2319,604
Gross proceeds$632.0 $547.0 
Sales agents' commissions and other offering expenses(7.2)(3.5)
Net proceeds$624.8 $543.5 
(1) During the three months ended March 31, 2025, 10.7 million shares were sold and 11.2 million shares were settled pursuant to forward sale confirmations. In addition, as of March 31, 2025, 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 $56.23 per share. We currently expect to fully settle forward sale agreements outstanding by June 30, 2025, representing $69.1 million in net proceeds, for which the weighted average forward price at March 31, 2025 was $55.38 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,
20252024
Shares of common stock issued under the DRSPP program5758
Gross proceeds$3.1 $3.1