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Common Stock and Other Equity Related Transactions | 9 Months Ended
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Sep. 30, 2024
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, 2023:
Distribution Amount Per Share |  | For the Quarter Ended |  | Stockholder Record Date |  | Payment Date
$0.4475 |  | March 31, 2023 |  | March 31, 2023 |  | April 14, 2023
$0.4475 |  | June 30, 2023 |  | June 30, 2023 |  | July 14, 2023
$0.4475 |  | September 30, 2023 |  | September 29, 2023 |  | October 13, 2023
$0.4475 |  | December 31, 2023 |  | December 29, 2023 |  | January 12, 2024
$0.4775 |  | March 31, 2024 |  | March 28, 2024 |  | April 12, 2024
$0.4775 |  | June 30, 2024 |  | June 28, 2024 |  | July 12, 2024
$0.4775 |  | September 30, 2024 |  | September 27, 2024 |  | October 11, 2024
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 nine months ended September 30, 2024 and 131,192 OP Units exchanged for an equal number of shares of Common Stock during the nine months ended September 30, 2023. Equity Offering Program On February 28, 2024, we entered into a new at-the-market (“ATM”) equity offering program, 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 $500.0 million. As of September 30, 2024, the full capacity of our ATM equity offering program remained available for issuance. In October 2024, we sold approximately 4.5 million shares of our common stock at a price of $70.00 from our at-the-market (“ATM”) offering program. See Note 14. Subsequent Events for additional information.

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