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Stockholders' Equity
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
As of March 31, 2023, we have issued 611,863,780 shares of common stock. In addition, we issue OP Units from time to time which, upon vesting, are redeemable for shares of our common stock on a one-for-one basis or, in our sole discretion, cash and are reflected as non-controlling interests on our condensed consolidated balance sheets and statements of equity. As of March 31, 2023, 1,861,950 outstanding OP Units are redeemable.
During the three months ended March 31, 2023 and 2022, we issued 452,398 and 8,799,023 shares of common stock, respectively.
At the Market Equity Program
On December 20, 2021, we entered into distribution agreements with a syndicate of banks (the “Agents” and the “Forward Sellers”), pursuant to which we may sell, from time to time, up to an aggregate sales price of $1,250,000 of our common stock through the Agents and the Forward Sellers (the “2021 ATM Equity Program”). In addition to the issuance of shares of our common stock, the distribution agreements permit us to enter into separate forward sale transactions with certain forward purchasers who may borrow shares from third parties and, through affiliated Forward Sellers, offer a number of shares of our common stock equal to the number of shares of our common stock underlying the particular forward transaction. During the three months ended March 31, 2022, we sold 2,078,773 shares of our common stock under our 2021 ATM Equity Program, generating net proceeds of $83,959 after giving effect to Agent commissions and other costs totaling $1,313. We did not sell any shares of common stock under the 2021 ATM Equity Program during the three months ended March 31, 2023. As of March 31, 2023, $1,150,000 remains available for future offerings under the 2021 ATM Equity Program.
Dividends
To qualify as a REIT, we are required to distribute annually to our stockholders at least 90% of our REIT taxable income, without regard to the deduction for dividends paid and excluding net capital gains, and to pay tax at regular corporate rates to the extent that we annually distribute less than 100% of our net taxable income. We intend to pay quarterly dividends to our stockholders that in the aggregate are approximately equal to or exceed our net taxable income in the relevant year. The timing, form, and amount of distributions, if any, to our stockholders, will be at the sole discretion of our board of directors.
The following table summarizes our dividends declared from January 1, 2022 through March 31, 2023:
Record DateAmount
per Share		Pay DateTotal Amount Declared
Q1-2023February 14, 2023$0.26 February 28, 2023$158,453 
Q4-2022November 8, 20220.22 November 23, 2022135,654 
Q3-2022August 9, 20220.22 August 26, 2022135,042 
Q2-2022May 10, 20220.22 May 27, 2022134,744 
Q1-2022February 14, 20220.22 February 28, 2022134,240 
On April 27, 2023, our board of directors declared a dividend of $0.26 per share to stockholders of record on May 10, 2023, which is payable on May 26, 2023 (see Note 15).