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Common and Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2024

The following table summarizes the ATM programs that were in place during the years ended December 31, 2024, 2023 and 2022:


Program Year		Program Size ($ million)	Total Forward Shares Sold		Total Forward Shares Settled	Total Forward Shares Outstanding as of December 31, 2024		Total Net Proceeds Anticipated or Received from Shares Sold ($ million)
February 2021	*	$500.0	5,453,975		5,453,975	-		$379.1
September 2022	*	$750.0	10,217,973		10,217,973	-		$670.3
February 2024	*	$1,000.0	10,409,017		2,775,498	7,633,519	⁽¹⁾	$706.0
October 2024		$1,250.0	168,277	⁽³⁾	-	168,277	⁽²⁾	$12.9

*Applicable ATM program terminated and no future forward sales will occur under the program.

(1) The Company is required to settle the outstanding shares of common stock under the February 2024 ATM Program between June 2025 and October 2025.

(2) The Company is required to settle the outstanding shares of common stock under the October 2024 ATM Program by June 2026.

(3) After considering the shares of common stock sold subject to forward sale agreements under the October 2024 ATM Program, the Company had approximately $1.24 billion of availability under the October 2024 ATM Program as of December 31, 2024.

Summary of ATM activity

The following table summarizes the ATM activity completed during the years ended December 31, 2024, 2023 and 2022:


	2024	2023	2022
Shares of common stock sold under the ATM programs	10,598,037	5,846,998	7,678,911
Shares of common stock settled under the ATM programs	6,630,112	6,117,768	5,699,566
Net proceeds received (in millions)	$403.8	$415.4	$397.2