XML 35 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2021
Stockholders' Equity Note [Abstract]  
Dividends Declared [Table Text Block]
The following tables summarize the dividends attributable to the Company’s outstanding preferred stock issuances during the three months ended March 31, 2021 and the year ended December 31, 2020.

Quarter Ended 2021Declaration DateSeries C
Preferred Stock Per Share		Payment Date
March 31January 11, 2021$0.4296875 March 31, 2021
Total $0.4296875  
Quarter Ended 2020Declaration DateSeries C
Preferred Stock Per Share		Payment Date
December 31October 9, 2020$0.4296875 December 31, 2020
September 30July 9, 20200.4296875 September 30, 2020
June 30April 9, 20200.4296875 June 30, 2020
March 31January 8, 20200.4296875 March 31, 2020
Total $1.7187500  
Schedule of stock sale activity
The following table summarizes the terms of the Company’s at-the market (“ATM”) common stock offering program as of June 30, 2021.

ATM Common Stock Offering ProgramDateMaximum Aggregate Offering Price (in thousands)Aggregate Common Stock Available as of June 30, 2021 (in thousands)
2019 $600 million ATMFebruary 14, 2019$600,000 $204,023 

The table below summarizes the activity under the ATM common stock offering program during the six months ended June 30, 2021 (in thousands, except share data). There was no activity under the ATM common stock offering program during the year ended December 31, 2020.

 Six months ended June 30, 2021
ATM Common Stock Offering Program(1)
Shares
Sold		Weighted Average Price Per ShareNet
Proceeds
2019 $600 million ATM1,888,290 $34.01 $63,583 
Total/weighted average1,888,290 $34.01 $63,583 
(1)Includes transactions settled during the period and excludes ATM issuances on a forward basis.

On April 5, 2021, the Company sold 1,446,760 shares on a forward basis under the ATM common stock offering program at a price of $34.56 per share, or $50.0 million, and $34.2144 per share net of sales agent fees. The Company does not initially receive any proceeds from the sale of shares on a forward basis. The Company may elect to cash settle or net share settle the forward sale agreement at any time through the scheduled maturity date of April 5, 2022.

Subsequent to June 30, 2021, the Company sold 1,719,849 shares under the ATM common stock offering program at a price of $37.98 per share, or $65.3 million, and $37.67 per share net of sales agent fees.
Common Stock Dividends Declared [Table Text Block]
The following tables summarize the dividends attributable to the Company’s outstanding shares of common stock that were declared during the six months ended June 30, 2021 and the year ended December 31, 2020.


Month Ended 2021Declaration DateRecord DatePer SharePayment Date
June 30April 12, 2021June 30, 2021$0.120833 July 15, 2021
May 31April 12, 2021May 28, 20210.120833 June 15, 2021
April 30April 12, 2021April 30, 20210.120833 May 17, 2021
March 31January 11, 2021March 31, 20210.120833 April 15, 2021
February 28January 11, 2021February 26, 20210.120833 March 15, 2021
January 31January 11, 2021January 29, 20210.120833 February 16, 2021
Total $0.724998  
Month Ended 2020Declaration DateRecord DatePer SharePayment Date
December 31October 9, 2020December 31, 2020$0.12 January 15, 2021
November 30October 9, 2020November 30, 20200.12 December 15, 2020
October 31October 9, 2020October 30, 20200.12 November 16, 2020
September 30July 9, 2020September 30, 20200.12 October 15, 2020
August 31July 9, 2020August 31, 20200.12 September 15, 2020
July 31July 9, 2020July 31, 20200.12 August 17, 2020
June 30April 9, 2020June 30, 20200.12 July 15, 2020
May 31April 9, 2020May 29, 20200.12 June 15, 2020
April 30April 9, 2020April 30, 20200.12 May 15, 2020
March 31January 8, 2020March 31, 20200.12 April 15, 2020
February 29January 8, 2020February 28, 20200.12 March 16, 2020
January 31January 8, 2020January 31, 20200.12 February 18, 2020
Total $1.44  
On July 13, 2021, the Company’s board of directors declared the common stock dividends for the months ending July 31, 2021, August 31, 2021, and September 30, 2021 at a monthly rate of $0.120833 per share of common stock.
Schedule of activity related to unvested restricted stock awards The following table summarizes activity related to the Company’s unvested restricted shares of common stock for the six months ended June 30, 2021 and the year ended December 31, 2020.
Unvested Restricted Shares of Common StockShares
Weighted Average Grant Date Fair Value per Share
Balance at December 31, 2019193,045 $24.38 
Granted75,419 (1)$31.60 
Vested(81,408)(2)$23.46 
Forfeited(2,166)$26.92 
Balance at December 31, 2020184,890 $27.70 
Granted90,304 (1)$29.77 
Vested(72,788)(2)$26.76 
Forfeited(521)$28.06 
Balance at June 30, 2021201,885 $28.96 
(1)The fair value per share on the grant date of January 7, 2021, February 13, 2020, and January 8, 2020, was $29.77, $32.64, and $31.49, respectively.
(2)The Company repurchased and retired 25,840 and 34,117 restricted shares of common stock that vested during the six months ended June 30, 2021 and the year ended December 31, 2020, respectively.
Schedule of vested restricted shares of common stock activity
The following table summarizes the fair value at vesting for the restricted shares of common stock that vested during the three and six months ended June 30, 2021 and 2020.

 Three months ended June 30,Six months ended June 30,
Vested Restricted Shares of Common Stock2021202020212020
Vested restricted shares of common stock— — 72,788 78,010 
Fair value of vested restricted shares of common stock (in thousands)$— $— $2,280 $2,463