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Common Stock and Other Equity Related Transactions | 9 Months Ended
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Sep. 30, 2025
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, 2024:
Distribution Amount Per Share |  | For the Quarter Ended |  | Stockholder Record Date |  | Payment Date
$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
$0.4775 |  | December 31, 2024 |  | December 27, 2024 |  | January 10, 2025
$0.5150 |  | March 31, 2025 |  | March 28, 2025 |  | April 11, 2025
$0.5150 |  | June 30, 2025 |  | June 27, 2025 |  | July 11, 2025
$0.5150 |  | September 30, 2025 |  | September 26, 2025 |  | October 10, 2025
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 2,607,875 OP units exchanged for an equal amount of Common Stock during the quarter ended September 30, 2025 and 2,651,199 OP units exchanged for an equal amount of Common Stock during the nine months ended September 30, 2025. No OP units were exchanged for Common Stock during the quarter and nine months ended September 30, 2024. Equity Offering Program On November 1, 2024, we entered into a new 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 September 30, 2025, the full capacity of our ATM equity offering program remained available for issuance.

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