On March 15, 2021, our board of directors declared a dividend of $0.12 per share on our common stock, which was paid on April 23, 2021 to common stockholders of record as of April 2, 2021.

During the three months ended March 31, 2021, we also paid $274 of dividends on restricted common share awards that vested during the period.

On November 13, 2020, we entered into an equity distribution agreement pursuant to which we may from time to time offer and sell shares of our common stock having an aggregate offering price of up to $150,000 (the “ATM Program”) in negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended. Under the ATM Program, we may also enter into one or more forward sale transactions for the sale of shares of our common stock on a forward basis. The following table summarizes our ATM Program activity, including associated forward sale transactions, since inception.


During the three months ended	Number of Shares Sold		Current forward price		Net proceeds		Expiration Date of Forward Contract
December 31, 2020		900	$	13.53	$	12,177	December 13, 2021
March 31, 2021		2,000		14.50		29,000	March 31, 2022
Total		2,900	$	14.20	$	41,177

We evaluated the accounting for the forward sale transactions under FASB ASC Topic 480 “Distinguishing Liabilities from Equity” and FASB ASC Topic 815 “Derivatives and Hedging”. As the forward sale transactions are considered indexed to our own equity and since they meet the equity classification conditions in ASC 815-40-25, the forward sale transactions have been classified as equity.

During the three months ended March 31, 2021, no IROP unitholders exchanged any units for shares of our common stock or cash. Subsequent to the three months ended March 31, 2021, IROP unit holders exchanged 110,938 units for 110,938 shares of our common stock.

On March 15, 2021, our board of directors declared a dividend of $0.12 per unit, which was paid on April 23, 2021 to IROP LP unitholders of record as of April 2, 2021.