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Stockholders' Equity and Distributions (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Common Stock Shares Issued and Sold
The Company issued and sold the following shares of common stock during the years ended December 31, 2024, 2023, and 2022:
(in millions, except per share data)
Year Ending December 31,Number of Shares IssuedGross ProceedsUnderwriting Fees/Offering ExpensesNet ProceedsAverage Price/Share
202411.7$220.9 $2.6 $218.3 $18.62 
2023(1)
22.7$344.3 $6.1 $338.2 $14.88 
202214.6$232.1 $2.4 $229.7 $15.77 
(1)Included in the activity, is 6.5 million shares of common stock sold through an upsized public offering on August 7, 2023 pursuant to an underwriting agreement with Morgan Stanley & Co. LLC, UBS Securities, and Wells Fargo Securities, LLC as joint book-running managers.
Schedule of Dividends Declared The following table summarizes the Company’s distributions declared during the years ended December 31, 2024, 2023 and 2022:
(in thousands, except per share data)
Distribution TypeDeclared DateRecord DatePayment DatePer Share AmountTotal Amount
BaseFebruary 16, 2022March 9, 2022March 16, 2022$0.33 $39,794 
SupplementalFebruary 16, 2022March 9, 2022March 16, 20220.15 18,088 
BaseApril 27, 2022May 17, 2022May 24, 20220.33 41,245 
SupplementalApril 27, 2022May 17, 2022May 24, 20220.15 18,748 
BaseJuly 20, 2022August 9, 2022August 16, 20220.35 44,765 
SupplementalJuly 20, 2022August 9, 2022August 16, 20220.15 19,185 
BaseOctober 13, 2022November 10, 2022November 17, 20220.36 47,472 
SupplementalOctober 13, 2022November 10, 2022November 17, 20220.15 19,780 
Total distributions declared during the year ended December 31, 2022$1.97 $249,077 
BaseFebruary 9, 2023March 2, 2023March 9, 2023$0.39 $53,749 
SupplementalFebruary 9, 2023March 2, 2023March 9, 20230.08 11,025 
BaseApril 27, 2023May 16, 2023May 23, 20230.39 55,910 
SupplementalApril 27, 2023May 16, 2023May 23, 20230.08 11,469 
BaseJuly 28, 2023August 18, 2023August 25, 20230.40 60,445 
SupplementalJuly 28, 2023August 18, 2023August 25, 20230.08 12,089 
BaseOctober 26, 2023November 15, 2023November 22, 20230.40 61,345 
SupplementalOctober 26, 2023November 15, 2023November 22, 20230.08 12,269 
Total distributions declared during the year ended December 31, 2023$1.90 $278,301 
BaseFebruary 8, 2024February 28, 2024March 6, 2024$0.40 $63,359 
SupplementalFebruary 8, 2024February 28, 2024March 6, 20240.08 12,672 
BaseApril 25, 2024May 14, 2024May 21, 20240.40 64,912 
SupplementalApril 25, 2024May 14, 2024May 21, 20240.08 12,982 
BaseJuly 25, 2024August 13, 2024August 20, 20240.40 64,953 
SupplementalJuly 25, 2024August 13, 2024August 20, 20240.08 12,990 
BaseOctober 24, 2024November 13, 2024November 20, 20240.40 66,980 
SupplementalOctober 24, 2024November 13, 2024November 20, 20240.08 13,396 
Total distributions declared during the year ended December 31, 2024$1.92 $312,244