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Stockholder Equity and Noncontrolling Interest (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Sale of Stock by Subsidiary or Equity Method Investee Disclosure
The following table summarizes our sales transactions under the Previous ATM Program settled during the year ended December 31, 2022.
Forward Sale Transaction DateNumber of Shares SoldExpiration Date of Forward ContractNumber of Shares SettledSettlement DateSettlement Price, Net of Commissions Proceeds, Net of Commissions
November 1, 2021676,500 12/15/22676,500 9/28/22$23.32 $15,775 
November 1, 2021323,500 12/15/22323,500 9/28/2224.17 7,818 
March 7, 20221,000,000 3/31/231,000,000 9/28/2226.34 26,342 
2,000,000 2,000,000 $49,935 
Schedule of Dividends Declared
Our board of directors declared the following dividends in 2023:
QuarterDeclaration DateRecord DatePayment DateDividend Declared
Per Share
First quarter 2023March 13, 2023March 31, 2023April 21, 2023$0.14 
Second quarter 2023May 10, 2023June 30, 2023July 21, 2023$0.16 
Third quarter 2023September 12, 2023September 29, 2023October 20, 2023$0.16 
Fourth quarter 2023December 11, 2023December 29, 2023January 19, 2024$0.16 
Our board of directors declared the following dividends in 2022:
QuarterDeclaration DateRecord DatePayment DateDividend Declared
Per Share
First quarter 2022March 14, 2022April 1, 2022April 22, 2022$0.12 
Second quarter 2022May 18, 2022July 1, 2022July 22, 2022$0.14 
Third quarter 2022September 12, 2022September 30, 2022October 21, 2022$0.14 
Fourth quarter 2022December 12, 2022December 30, 2022January 20, 2023$0.14 
Noncontrolling Interest
During 2023, holders of IROP units exchanged 144,600 units for 144,600 shares of our common stock. As of December 31, 2023, 5,946,571 IROP units held by unaffiliated third parties were outstanding.
During 2022, holders of IROP units exchanged 890,669 units for 890,669 shares of our common stock. As of December 31, 2022, 6,091,171 IROP units held by unaffiliated third parties were outstanding.
Our board of directors declared the following distributions on our operating partnership’s LP units during 2023:
QuarterDeclaration DateRecord DatePayment DateDividend Declared
Per Unit
First quarter 2023March 13, 2023March 31, 2023April 21, 2023$0.14 
Second quarter 2023May 10, 2023June 30, 2023July 21, 2023$0.16 
Third quarter 2023September 12, 2023September 29, 2023October 20, 2023$0.16 
Fourth quarter 2023December 11, 2023December 29, 2023January 19, 2024$0.16 
Our board of directors declared the following distributions on our operating partnership’s LP units during 2022:
QuarterDeclaration DateRecord DatePayment DateDividend Declared
Per Share
First quarter 2022March 14, 2022April 1, 2022April 22, 2022$0.12 
Second quarter 2022May 18, 2022July 1, 2022July 22, 2022$0.14 
Third quarter 2022September 12, 2022September 30, 2022October 21, 2022$0.14 
Fourth quarter 2022December 12, 2022December 30, 2022January 20, 2023$0.14