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Stockholders' Equity
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Common Stock
The Company had no preferred shares outstanding and had common shares outstanding for the three years ended December 31, 2023, 2022, and 2021 as follows: 
 YEAR ENDED DECEMBER 31,
2023 2022 2021 
Balance, beginning of year380,589,894 150,457,433 139,487,375 
Issuance of common stock8,627 229,618,304 10,899,301 
Conversion of OP units to common stock190,544 — — 
Non-vested share-based awards, net of withheld shares and forfeitures 175,368 514,157 70,757 
Balance, end of year380,964,433 380,589,894 150,457,433 
At-The-Market Equity Offering Program
The Company has in place an ATM equity offering program to sell shares of the Company’s common stock from time to time in at-the-market sales transactions. The Company has equity distribution agreements with various sales agents with respect to the ATM offering program of common stock with an aggregate sales amount of up to $750.0 million. As of December 31, 2023, $750.0 million remained available for issuance under the current ATM offering program.
Dividends Declared
During 2023, the Company declared and paid common stock dividends aggregating $1.24 per share ($0.31 per share per quarter).
On February 13, 2024, the Company declared a quarterly common stock dividend in the amount of $0.31 per share payable on March 14, 2024, to stockholders of record on February 26, 2024.
Authorization to Repurchase Common Stock
On May 31, 2023, the Company’s Board of Directors authorized the repurchase of up to $500.0 million of outstanding shares of the Company’s common stock either in the open market or through privately negotiated transactions, subject to market conditions, regulatory constraints, and other customary conditions. The Company is not obligated under this authorization to repurchase any specific number of shares. This authorization supersedes all previous stock repurchase authorizations. As of the date of these Consolidated Financial Statements, the Company has not repurchased any shares of its common stock under this authorization.
Accumulated Other Comprehensive (Loss) Income
The following table represents the changes in accumulated other comprehensive income (loss) during the years ended December 31, 2023 and 2022:
INTEREST RATE SWAPS
as of December 31,
Dollars in thousands20232022
Beginning balance$2,140 $(9,981)
Other comprehensive income (loss) before reclassifications1,434 1,531 
Amounts reclassified from accumulated other comprehensive (loss) income(14,315)10,590 
Net current-period other comprehensive (loss) income(12,881)12,121 
Ending balance$(10,741)$2,140 
The following table represents the details regarding the reclassifications from accumulated other comprehensive income (loss) during the year ended December 31, 2023 (dollars in thousands):
DETAILS ABOUT ACCUMULATED OTHER COMPREHENSIVE
INCOME (LOSS) COMPONENTS		AMOUNT RECLASSIFIED
from accumulated other comprehensive income (loss)		AFFECTED LINE ITEM
in the statement where net
income is presented
Amounts reclassified from accumulated other comprehensive income (loss) related to settled interest rate swaps$594 Interest Expense
Amounts reclassified from accumulated other comprehensive income (loss) related to current interest rate swaps(15,082)Interest Expense
$(14,488)