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Common Stock and Other Equity Related Transactions
 3 Months Ended
Mar. 31, 2026
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, 2025:
Distribution Amount Per ShareFor the Quarter EndedStockholder Record DatePayment Date
$0.5150March 31, 2025March 28, 2025April 11, 2025
$0.5150June 30, 2025June 27, 2025July 11, 2025
$0.5150September 30, 2025September 26, 2025October 10, 2025
$0.5150December 31, 2025December 26, 2025January 9, 2026
$0.5425March 31, 2026March 27, 2026April 10, 2026
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 2,406 OP units exchanged for an equal amount of common stock during the quarter ended March 31, 2026. No OP units were exchanged for Common Stock during the quarter ended March 31, 2025.
Equity Offering Program
On November 1, 2024, we entered into our current 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, 2026, the full capacity of our ATM equity offering program remained available for issuance.