XML 84 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1
Stockholders' Equity Matters (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Dividends Declared and Payments
In 2022, 2023 and 2024, our board of directors declared the following dividends:
DECLARATION DATEDIVIDEND
PER SHARE		RECORD DATETOTAL AMOUNTPAYMENT DATE
February 24, 2022$0.6185 March 15, 2022$179,661 April 6, 2022
April 28, 20220.6185 June 15, 2022179,781 July 6, 2022
August 4, 20220.6185 September 15, 2022179,790 October 4, 2022
November 3, 20220.6185 December 15, 2022179,866 January 5, 2023
February 23, 20230.6185 March 15, 2023180,339 April 5, 2023
May 4, 20230.6185 June 15, 2023180,493 July 6, 2023
August 3, 20230.6500 September 15, 2023189,730 October 5, 2023
November 2, 20230.6500 December 15, 2023189,886 January 4, 2024
February 22, 20240.6500 March 15, 2024190,506 April 4, 2024
May 2, 20240.6500 June 17, 2024190,643 July 5, 2024
August 1, 20240.7150 September 16, 2024209,776 October 3, 2024
November 6, 20240.7150 December 16, 2024209,913 January 7, 2025
During the years ended December 31, 2024, 2023 and 2022, we declared dividends in an aggregate and per share amount, based on the weighted average number of common shares outstanding during each respective year, as follows:
 YEAR ENDED DECEMBER 31,
 202420232022
Declared distributions$800,838 $740,448 $719,098 
Amount per share each distribution represents based on weighted average number of common shares outstanding2.73 2.54 2.47 
Schedule of Classification of Dividends Paid For the years ended December 31, 2024, 2023 and 2022, the dividends we paid on our common shares were classified as follows:
YEAR ENDED DECEMBER 31,
 202420232022
Nonqualified ordinary dividends82.6 %98.2 %90.4 %
Qualified ordinary dividends(1)
— %0.8 %— %
Capital gains(2)
— %— %9.6 %
Return of capital17.4 %1.0 %— %
100.0 %100.0 %100.0 %
(1)During the year ended December 31, 2023, the percentage of our dividends that was classified as qualified ordinary dividends for federal income tax purposes primarily related to the distribution of historical C corporation earnings and profits during the year ended December 31, 2023.
(2)During the year ended December 31, 2022, the percentage of our dividends that was classified as capital gains primarily related to the sale of land and buildings in the United States and Canada.