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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
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:
Nine months ended
 September 30,
Month
20252024
January$0.2640$0.2565 
February0.26400.2565 
March0.26800.2565 
April0.26850.2570 
May0.26850.2570 
June0.2685 0.2625 
July0.2690 0.2630 
August0.2690 0.2630 
September0.2690 0.2630 
Total
$2.4085 $2.3350 
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
September 30,
Nine months ended
 September 30,
2025202420252024
Shares of common stock issued under the ATM program (1)
5,5574,30927,93813,913
Gross proceeds$319.7 $268.4 $1,580.4 $815.3 
Sales agents' commissions and other offering expenses(4.9)(1.8)(18.6)(5.4)
Net proceeds$314.8 $266.6 $1,561.8 $809.9 
(1) During the three and nine months ended September 30, 2025, 13.1 million and 41.3 million shares were sold, respectively. As of September 30, 2025, 15.1 million shares of common stock subject to forward sale confirmations have been executed, but not settled, at a weighted average initial gross price of $58.12 per share. We currently expect to fully settle forward sale agreements outstanding by December 31, 2025, representing $864.2 million in net proceeds, for which the weighted average forward price as of September 30, 2025 was $57.17 per share.
The following table outlines common stock issuances pursuant to our DRSPP program (dollars in millions, shares in thousands):
Three months ended
September 30,
Nine months ended
 September 30,
2025202420252024
Shares of common stock issued under the DRSPP program5144158 159 
Gross proceeds$2.9 $2.6 $8.8 $8.8