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Common Stock and Other Equity Related Transactions
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Common Stock and Other Equity Related Transactions Common Stock and Other Equity Related Transactions
Common Stockholder Distribution Activity
The following quarterly distributions have been declared and paid to Common Stockholders and the Operating Partnership unit (“OP Unit”) holders since January 1, 2024:
Distribution Amount Per ShareFor the Quarter EndedStockholder Record DatePayment Date
$0.4775March 31, 2024March 28, 2024April 12, 2024
$0.4775June 30, 2024June 28, 2024July 12, 2024
$0.4775September 30, 2024September 27, 2024October 11, 2024
$0.4775December 31, 2024December 27, 2024January 10, 2025
$0.5150March 31, 2025March 28, 2025April 11, 2025
Exchanges
Subject to certain limitations, OP Unit holders can request an exchange of any or all of their OP Units for shares of Common Stock at any time. Upon receipt of such a request, we may, in lieu of issuing shares of Common Stock, cause the Operating Partnership to pay cash. There were no OP units exchanged for Common Stock during the quarters ended March 31, 2025 and 2024.
Equity Offering Program
On November 1, 2024, we entered into a new at-the-market (“ATM”) equity offering program with certain sales agents, pursuant to which we may sell, from time-to-time, shares of our common stock, par value $0.01 per share, having an aggregate offering price of up to $700.0 million. As of March 31, 2025, the full capacity of our ATM equity offering program remained available for issuance.