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Stockholder Equity and Noncontrolling Interest (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Schedule of Sale of Stock by Subsidiary or Equity Method Investee Disclosure | The following table summarizes our sales transactions under the 2023 ATM Program settled during the year ended December 31, 2024:
Forward Sale Transaction Date |  | Number of Shares Sold |  | Expiration Date of Forward Contract |  | Number of Shares Settled |  | Settlement Date |  | Settlement Price, Net of Commissions |  | Proceeds, Net of Commissions
August 2024 |  | 1,500,000 |  |  | 09/05/25 |  | 1,500,000 |  |  | 12/30/24 |  | $ | 19.57 |  |  | $ | 29,358 |
November 2024 |  | 998,300 |  |  | 11/13/25 |  | 998,300 |  |  | 12/30/24 |  | 20.78 |  |  | 20,748 |
|  | 2,498,300 |  |  |  |  | 2,498,300 |  |  |  |  | $ | 20.06 |  |  | $ | 50,106 |
Schedule of Dividends Declared | Our board of directors declared the following dividends in 2024:
Quarter |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Declared Per Share
First quarter 2024 |  | March 11, 2024 |  | March 29, 2024 |  | April 19, 2024 |  | $ | 0.16 |
Second quarter 2024 |  | June 10, 2024 |  | June 28, 2024 |  | July 19, 2024 |  | $ | 0.16 |
Third quarter 2024 |  | September 17, 2024 |  | September 30, 2024 |  | October 18, 2024 |  | $ | 0.16 |
Fourth quarter 2024 |  | December 16, 2024 |  | December 31, 2024 |  | January 17, 2025 |  | $ | 0.16 |
Our board of directors declared the following dividends in 2023:
Quarter |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Declared Per Share
First quarter 2023 |  | March 13, 2023 |  | March 31, 2023 |  | April 21, 2023 |  | $ | 0.14 |
Second quarter 2023 |  | May 10, 2023 |  | June 30, 2023 |  | July 21, 2023 |  | $ | 0.16 |
Third quarter 2023 |  | September 12, 2023 |  | September 29, 2023 |  | October 20, 2023 |  | $ | 0.16 |
Fourth quarter 2023 |  | December 11, 2023 |  | December 29, 2023 |  | January 19, 2024 |  | $ | 0.16 |
Noncontrolling Interest During 2024, holders of IROP units exchanged 4,928 units for 4,928 shares of our common stock. As of December 31, 2024, 5,941,643 IROP units held by unaffiliated third parties were outstanding. 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. Our board of directors declared the following distributions on our operating partnership’s LP units during 2024:
Quarter |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Declared Per Unit
First quarter 2024 |  | March 11, 2024 |  | March 29, 2024 |  | April 19, 2024 |  | $ | 0.16 |
Second quarter 2024 |  | June 10, 2024 |  | June 28, 2024 |  | July 19, 2024 |  | $ | 0.16 |
Third quarter 2024 |  | September 17, 2024 |  | September 30, 2024 |  | October 18, 2024 |  | $ | 0.16 |
Fourth quarter 2024 |  | December 16, 2024 |  | December 31, 2024 |  | January 17, 2025 |  | $ | 0.16 |
Our board of directors declared the following distributions on our operating partnership’s LP units during 2023:
Quarter |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Declared Per Share
First quarter 2023 |  | March 13, 2023 |  | March 31, 2023 |  | April 21, 2023 |  | $ | 0.14 |
Second quarter 2023 |  | May 10, 2023 |  | June 30, 2023 |  | July 21, 2023 |  | $ | 0.16 |
Third quarter 2023 |  | September 12, 2023 |  | September 29, 2023 |  | October 20, 2023 |  | $ | 0.16 |
Fourth quarter 2023 |  | December 11, 2023 |  | December 29, 2023 |  | January 19, 2024 |  | $ | 0.16 |

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- Definition Tabular disclosure of sales of stock or previously unissued stock made by subsidiary or equity method investee to investors outside the consolidated group. This includes stock issued in a business combination in exchange for shares of an acquired entity. + References No definition available. + Details
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