XML 24 R11.htm IDEA: XBRL DOCUMENT
v3.19.3

Common Stock and Other Equity Related Transactions | 9 Months Ended
--- | ---
Sep. 30, 2019
Equity [Abstract] |
Common Stock and Other Equity Related Transactions | Common Stock and Other Equity Related Transactions Increase in Authorized Shares On April 30, 2019, our stockholders approved an amendment to our charter to increase the number of shares of our common stock that we are authorized to issue from 200,000,000 to 400,000,000 shares. Two-for-One Common Stock Split On October 15, 2019, a two-for-one stock split of our common stock, effected by and in the form of a stock dividend, was paid to stockholders of record as of October 1, 2019. Common Stockholder Distribution Activity The following quarterly distributions, as adjusted for the stock split, have been declared and paid to Common Stockholders and the Common OP Unit holders since January 1, 2018.
Distribution Amount Per Share |  | For the Quarter Ended |  | Stockholder Record Date |  | Payment Date
$0.2750 |  | March 31, 2018 |  | March 30, 2018 |  | April 13, 2018
$0.2750 |  | June 30, 2018 |  | June 29, 2018 |  | July 13, 2018
$0.2750 |  | September 30, 2018 |  | September 28, 2018 |  | October 12, 2018
$0.2750 |  | December 31, 2018 |  | December 28, 2018 |  | January 11, 2019
$0.3063 |  | March 31, 2019 |  | March 29, 2019 |  | April 12, 2019
$0.3063 |  | June 30, 2019 |  | June 28, 2019 |  | July 12, 2019
$0.3063 |  | September 30, 2019 |  | September 27, 2019 |  | October 11, 2019
Equity Offering Program On October 26, 2018, 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 $200.0 million. As of September 30, 2019, we have $140.7 million of common stock available for issuance. The following table presents the shares that were issued under the current ATM equity offering program during the nine months ended September 30, 2019 and 2018.
|  | Nine Months Ended September 30,
(amounts in thousands, except stock data (as adjusted for the stock split)) |  | 2019 |  | 2018
Shares of Common Stock sold |  | 1,010,472 |  |  | 1,722.282 |
Weighted average price |  | $ | 58.71 |  |  | $ | 45.73 |
Total gross proceeds |  | $ | 59,319 |  |  | $ | 78,755 |
Commissions paid to sales agents |  | $ | 771 |  |  | $ | 1,028 |
Exchanges Subject to certain limitations, Common 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. During the nine months ended September 30, 2019, 995,550 OP Units were exchanged for an equal number of shares of Common Stock. During the nine months ended September 30, 2018, 175,436 OP Units were exchanged for an equal number of shares of Common Stock.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration