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At December 31, 2023 and 2022, respectively, the non-controlling interest in the Operating Partnership consisted of a 0.3 % and 0.4 % common ownership interest in the Operating Partnership held by the Company’s founder and Executive Chairman. The Operating Partnership Common Units may, under certain circumstances, be exchanged for shares of common stock on a one -for-one basis. The Company, as sole general partner of the Operating Partnership, has the option to settle exchanged Operating Partnership Common Units held by others for cash based on the current trading price of its shares. Assuming the exchange of all non-controlling Operating Partnership Common Units, there would have been 100,866,974 shares of common stock outstanding at December 31, 2023. | text | 0.3 | percentItemType | text: <entity> 0.3 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2023 and 2022, respectively, the non-controlling interest in the Operating Partnership consisted of a 0.3 % and 0.4 % common ownership interest in the Operating Partnership held by the Company’s founder and Executive Chairman. The Operating Partnership Common Units may, under certain circumstances, be exchanged for shares of common stock on a one -for-one basis. The Company, as sole general partner of the Operating Partnership, has the option to settle exchanged Operating Partnership Common Units held by others for cash based on the current trading price of its shares. Assuming the exchange of all non-controlling Operating Partnership Common Units, there would have been 100,866,974 shares of common stock outstanding at December 31, 2023. </context> | us-gaap:LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest |
At December 31, 2023 and 2022, respectively, the non-controlling interest in the Operating Partnership consisted of a 0.3 % and 0.4 % common ownership interest in the Operating Partnership held by the Company’s founder and Executive Chairman. The Operating Partnership Common Units may, under certain circumstances, be exchanged for shares of common stock on a one -for-one basis. The Company, as sole general partner of the Operating Partnership, has the option to settle exchanged Operating Partnership Common Units held by others for cash based on the current trading price of its shares. Assuming the exchange of all non-controlling Operating Partnership Common Units, there would have been 100,866,974 shares of common stock outstanding at December 31, 2023. | text | 0.4 | percentItemType | text: <entity> 0.4 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2023 and 2022, respectively, the non-controlling interest in the Operating Partnership consisted of a 0.3 % and 0.4 % common ownership interest in the Operating Partnership held by the Company’s founder and Executive Chairman. The Operating Partnership Common Units may, under certain circumstances, be exchanged for shares of common stock on a one -for-one basis. The Company, as sole general partner of the Operating Partnership, has the option to settle exchanged Operating Partnership Common Units held by others for cash based on the current trading price of its shares. Assuming the exchange of all non-controlling Operating Partnership Common Units, there would have been 100,866,974 shares of common stock outstanding at December 31, 2023. </context> | us-gaap:LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest |
At December 31, 2023 and 2022, respectively, the non-controlling interest in the Operating Partnership consisted of a 0.3 % and 0.4 % common ownership interest in the Operating Partnership held by the Company’s founder and Executive Chairman. The Operating Partnership Common Units may, under certain circumstances, be exchanged for shares of common stock on a one -for-one basis. The Company, as sole general partner of the Operating Partnership, has the option to settle exchanged Operating Partnership Common Units held by others for cash based on the current trading price of its shares. Assuming the exchange of all non-controlling Operating Partnership Common Units, there would have been 100,866,974 shares of common stock outstanding at December 31, 2023. | text | 100866974 | sharesItemType | text: <entity> 100866974 </entity> <entity type> sharesItemType </entity type> <context> At December 31, 2023 and 2022, respectively, the non-controlling interest in the Operating Partnership consisted of a 0.3 % and 0.4 % common ownership interest in the Operating Partnership held by the Company’s founder and Executive Chairman. The Operating Partnership Common Units may, under certain circumstances, be exchanged for shares of common stock on a one -for-one basis. The Company, as sole general partner of the Operating Partnership, has the option to settle exchanged Operating Partnership Common Units held by others for cash based on the current trading price of its shares. Assuming the exchange of all non-controlling Operating Partnership Common Units, there would have been 100,866,974 shares of common stock outstanding at December 31, 2023. </context> | us-gaap:LimitedPartnersCapitalAccountUnitsOutstanding |
As of December 31, 2023, the Company owned 2,135 properties, with a total gross leasable area (“GLA”) of approximately 44.2 million square feet. As of December 31, 2023, the Company’s portfolio was approximately 99.8 % leased and had a weighted average remaining lease term (excluding extension options) of approximately 8.4 years. A significant majority of its properties are leased to national tenants and approximately 69.1 % of its annualized base rent was derived from tenants, or parent entities thereof, with an investment grade credit rating from S&P Global Ratings, Moody’s Investors Service, Fitch Ratings or the National Association of Insurance Commissioners. | text | 2135 | integerItemType | text: <entity> 2135 </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2023, the Company owned 2,135 properties, with a total gross leasable area (“GLA”) of approximately 44.2 million square feet. As of December 31, 2023, the Company’s portfolio was approximately 99.8 % leased and had a weighted average remaining lease term (excluding extension options) of approximately 8.4 years. A significant majority of its properties are leased to national tenants and approximately 69.1 % of its annualized base rent was derived from tenants, or parent entities thereof, with an investment grade credit rating from S&P Global Ratings, Moody’s Investors Service, Fitch Ratings or the National Association of Insurance Commissioners. </context> | us-gaap:NumberOfRealEstateProperties |
The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of deposit, checking, and money market accounts. The account balances periodically exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance coverage, and as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. Cash held in escrows primarily relates to proposed like-kind exchange transactions pursued under Section 1031 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company had $ 13.4 million and $ 27.1 million in cash and cash equivalents and cash held in escrow as of December 31, 2023 and 2022, respectively, in excess of the FDIC insured limit. | text | 13.4 | monetaryItemType | text: <entity> 13.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of deposit, checking, and money market accounts. The account balances periodically exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance coverage, and as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. Cash held in escrows primarily relates to proposed like-kind exchange transactions pursued under Section 1031 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company had $ 13.4 million and $ 27.1 million in cash and cash equivalents and cash held in escrow as of December 31, 2023 and 2022, respectively, in excess of the FDIC insured limit. </context> | us-gaap:CashUninsuredAmount |
The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of deposit, checking, and money market accounts. The account balances periodically exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance coverage, and as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. Cash held in escrows primarily relates to proposed like-kind exchange transactions pursued under Section 1031 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company had $ 13.4 million and $ 27.1 million in cash and cash equivalents and cash held in escrow as of December 31, 2023 and 2022, respectively, in excess of the FDIC insured limit. | text | 27.1 | monetaryItemType | text: <entity> 27.1 </entity> <entity type> monetaryItemType </entity type> <context> The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of deposit, checking, and money market accounts. The account balances periodically exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance coverage, and as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. Cash held in escrows primarily relates to proposed like-kind exchange transactions pursued under Section 1031 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company had $ 13.4 million and $ 27.1 million in cash and cash equivalents and cash held in escrow as of December 31, 2023 and 2022, respectively, in excess of the FDIC insured limit. </context> | us-gaap:CashUninsuredAmount |
The Company’s leases provide for reimbursement from tenants for common area maintenance, insurance, real estate taxes and other operating expenses. A portion of the Company’s operating cost reimbursement revenue is estimated each period and is recognized as rental revenue in the period the recoverable costs are incurred and accrued, and the related revenue is earned. The balance of unbilled operating cost reimbursement receivable at December 31, 2023 and 2022 was $ 14.0 million and $ 11.1 million, respectively. Unbilled operating cost reimbursement receivable is reflected in accounts receivable - tenants, net in the Consolidated Balance Sheets. | text | 14.0 | monetaryItemType | text: <entity> 14.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s leases provide for reimbursement from tenants for common area maintenance, insurance, real estate taxes and other operating expenses. A portion of the Company’s operating cost reimbursement revenue is estimated each period and is recognized as rental revenue in the period the recoverable costs are incurred and accrued, and the related revenue is earned. The balance of unbilled operating cost reimbursement receivable at December 31, 2023 and 2022 was $ 14.0 million and $ 11.1 million, respectively. Unbilled operating cost reimbursement receivable is reflected in accounts receivable - tenants, net in the Consolidated Balance Sheets. </context> | us-gaap:AccountsReceivableGross |
The Company’s leases provide for reimbursement from tenants for common area maintenance, insurance, real estate taxes and other operating expenses. A portion of the Company’s operating cost reimbursement revenue is estimated each period and is recognized as rental revenue in the period the recoverable costs are incurred and accrued, and the related revenue is earned. The balance of unbilled operating cost reimbursement receivable at December 31, 2023 and 2022 was $ 14.0 million and $ 11.1 million, respectively. Unbilled operating cost reimbursement receivable is reflected in accounts receivable - tenants, net in the Consolidated Balance Sheets. | text | 11.1 | monetaryItemType | text: <entity> 11.1 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s leases provide for reimbursement from tenants for common area maintenance, insurance, real estate taxes and other operating expenses. A portion of the Company’s operating cost reimbursement revenue is estimated each period and is recognized as rental revenue in the period the recoverable costs are incurred and accrued, and the related revenue is earned. The balance of unbilled operating cost reimbursement receivable at December 31, 2023 and 2022 was $ 14.0 million and $ 11.1 million, respectively. Unbilled operating cost reimbursement receivable is reflected in accounts receivable - tenants, net in the Consolidated Balance Sheets. </context> | us-gaap:AccountsReceivableGross |
For the year ended December 31, 2023, 185 shares of common stock related to restricted shares granted in 2021 and 2022 were anti-dilutive and were not included in the computation of diluted earnings per share. | text | 185 | sharesItemType | text: <entity> 185 </entity> <entity type> sharesItemType </entity type> <context> For the year ended December 31, 2023, 185 shares of common stock related to restricted shares granted in 2021 and 2022 were anti-dilutive and were not included in the computation of diluted earnings per share. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
For the year ended December 31, 2022, 62 shares of common stock related to restricted shares granted in 2022 were anti-dilutive and were not included in the computation of diluted earnings per share. | text | 62 | sharesItemType | text: <entity> 62 </entity> <entity type> sharesItemType </entity type> <context> For the year ended December 31, 2022, 62 shares of common stock related to restricted shares granted in 2022 were anti-dilutive and were not included in the computation of diluted earnings per share. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
For the year ended December 31, 2021, 849 shares of common stock related to the 2021 ATM forward equity offerings, 5,360 shares of common stock related to the 2020 ATM forward equity offerings, and 2,092 restricted shares were anti-dilutive and were not included in the computation of diluted earnings per share. | text | 849 | sharesItemType | text: <entity> 849 </entity> <entity type> sharesItemType </entity type> <context> For the year ended December 31, 2021, 849 shares of common stock related to the 2021 ATM forward equity offerings, 5,360 shares of common stock related to the 2020 ATM forward equity offerings, and 2,092 restricted shares were anti-dilutive and were not included in the computation of diluted earnings per share. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
For the year ended December 31, 2021, 849 shares of common stock related to the 2021 ATM forward equity offerings, 5,360 shares of common stock related to the 2020 ATM forward equity offerings, and 2,092 restricted shares were anti-dilutive and were not included in the computation of diluted earnings per share. | text | 5360 | sharesItemType | text: <entity> 5360 </entity> <entity type> sharesItemType </entity type> <context> For the year ended December 31, 2021, 849 shares of common stock related to the 2021 ATM forward equity offerings, 5,360 shares of common stock related to the 2020 ATM forward equity offerings, and 2,092 restricted shares were anti-dilutive and were not included in the computation of diluted earnings per share. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
For the year ended December 31, 2021, 849 shares of common stock related to the 2021 ATM forward equity offerings, 5,360 shares of common stock related to the 2020 ATM forward equity offerings, and 2,092 restricted shares were anti-dilutive and were not included in the computation of diluted earnings per share. | text | 2092 | sharesItemType | text: <entity> 2092 </entity> <entity type> sharesItemType </entity type> <context> For the year ended December 31, 2021, 849 shares of common stock related to the 2021 ATM forward equity offerings, 5,360 shares of common stock related to the 2020 ATM forward equity offerings, and 2,092 restricted shares were anti-dilutive and were not included in the computation of diluted earnings per share. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
In November 2023, the FASB issues ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 is intended to improve reportable segment disclosure by requiring disclosure of incremental segment information on an annual and interim basis such as, annual and interim disclosure of significant segment expenses that are regularly provided to the chief operating decision maker, interim disclosure of a reportable segment’s profit or loss and assets and require that a public entity that has a single reportable segment provide all the disclosures required by ASU 2023-07 and all existing segment disclosures in Topic 280. The amendments in ASU 2023-07 do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The disclosures are applied retrospectively to all periods presented and early adoption is permitted. The Company has one reportable segment and continues to evaluate additional disclosures that may be required for entities with a single reportable segment. | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> In November 2023, the FASB issues ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 is intended to improve reportable segment disclosure by requiring disclosure of incremental segment information on an annual and interim basis such as, annual and interim disclosure of significant segment expenses that are regularly provided to the chief operating decision maker, interim disclosure of a reportable segment’s profit or loss and assets and require that a public entity that has a single reportable segment provide all the disclosures required by ASU 2023-07 and all existing segment disclosures in Topic 280. The amendments in ASU 2023-07 do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The disclosures are applied retrospectively to all periods presented and early adoption is permitted. The Company has one reportable segment and continues to evaluate additional disclosures that may be required for entities with a single reportable segment. </context> | us-gaap:NumberOfReportableSegments |
As of December 31, 2023 and 2022, there was $ 21.9 million and $ 18.1 million, respectively, in deferred revenues resulting from rents paid in advance. Deferred revenues are recognized within accounts payable, accrued expenses, and other liabilities on the Consolidated Balance Sheets as of these dates. | text | 21.9 | monetaryItemType | text: <entity> 21.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023 and 2022, there was $ 21.9 million and $ 18.1 million, respectively, in deferred revenues resulting from rents paid in advance. Deferred revenues are recognized within accounts payable, accrued expenses, and other liabilities on the Consolidated Balance Sheets as of these dates. </context> | us-gaap:DeferredRevenue |
As of December 31, 2023 and 2022, there was $ 21.9 million and $ 18.1 million, respectively, in deferred revenues resulting from rents paid in advance. Deferred revenues are recognized within accounts payable, accrued expenses, and other liabilities on the Consolidated Balance Sheets as of these dates. | text | 18.1 | monetaryItemType | text: <entity> 18.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023 and 2022, there was $ 21.9 million and $ 18.1 million, respectively, in deferred revenues resulting from rents paid in advance. Deferred revenues are recognized within accounts payable, accrued expenses, and other liabilities on the Consolidated Balance Sheets as of these dates. </context> | us-gaap:DeferredRevenue |
The Company is the lessee under land lease agreements for certain of its properties. ASC 842 requires a lessee to recognize right of use assets and lease obligation liabilities that arise from leases, whether qualifying as operating or finance. As of December 31, 2023 and 2022, the Company had $ 60.2 million and $ 60.9 million, respectively, of right of use assets, net, recognized within other assets in the Consolidated Balance Sheets, while the corresponding lease obligations, net, of | text | 60.2 | monetaryItemType | text: <entity> 60.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company is the lessee under land lease agreements for certain of its properties. ASC 842 requires a lessee to recognize right of use assets and lease obligation liabilities that arise from leases, whether qualifying as operating or finance. As of December 31, 2023 and 2022, the Company had $ 60.2 million and $ 60.9 million, respectively, of right of use assets, net, recognized within other assets in the Consolidated Balance Sheets, while the corresponding lease obligations, net, of </context> | us-gaap:OperatingLeaseRightOfUseAsset |
The Company is the lessee under land lease agreements for certain of its properties. ASC 842 requires a lessee to recognize right of use assets and lease obligation liabilities that arise from leases, whether qualifying as operating or finance. As of December 31, 2023 and 2022, the Company had $ 60.2 million and $ 60.9 million, respectively, of right of use assets, net, recognized within other assets in the Consolidated Balance Sheets, while the corresponding lease obligations, net, of | text | 60.9 | monetaryItemType | text: <entity> 60.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company is the lessee under land lease agreements for certain of its properties. ASC 842 requires a lessee to recognize right of use assets and lease obligation liabilities that arise from leases, whether qualifying as operating or finance. As of December 31, 2023 and 2022, the Company had $ 60.2 million and $ 60.9 million, respectively, of right of use assets, net, recognized within other assets in the Consolidated Balance Sheets, while the corresponding lease obligations, net, of </context> | us-gaap:OperatingLeaseRightOfUseAsset |
Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:OperatingLeaseExpense |
Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:OperatingLeaseExpense |
Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:FinanceLeaseRightOfUseAssetAmortization |
Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. | text | 0.3 | monetaryItemType | text: <entity> 0.3 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:FinanceLeaseInterestExpense |
Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of right of use assets for operating land leases is classified as land lease expense and was $ 1.7 million, $ 1.6 million, and $ 1.6 million for the years ending December 31, 2023, 2022 and 2021, respectively. There was no amortization of right of use assets for finance land leases, as the underlying leased asset (land) has an infinite life. Interest expense on finance land leases was $ 0.3 million, $ 0.3 million and $ 0.2 million during the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:FinanceLeaseInterestExpense |
As of December 31, 2023, the Company owned 2,135 properties, with a total GLA of approximately 44.2 million square feet. Net Real Estate Investments totaled $ 6.74 billion as of December 31, 2023. As of December 31, 2022, the Company owned 1,839 properties, with a total GLA of approximately 38.1 million square feet. Net Real Estate Investments totaled $ 5.74 billion as of December 31, 2022. | text | 2135 | integerItemType | text: <entity> 2135 </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2023, the Company owned 2,135 properties, with a total GLA of approximately 44.2 million square feet. Net Real Estate Investments totaled $ 6.74 billion as of December 31, 2023. As of December 31, 2022, the Company owned 1,839 properties, with a total GLA of approximately 38.1 million square feet. Net Real Estate Investments totaled $ 5.74 billion as of December 31, 2022. </context> | us-gaap:NumberOfRealEstateProperties |
As of December 31, 2023, the Company owned 2,135 properties, with a total GLA of approximately 44.2 million square feet. Net Real Estate Investments totaled $ 6.74 billion as of December 31, 2023. As of December 31, 2022, the Company owned 1,839 properties, with a total GLA of approximately 38.1 million square feet. Net Real Estate Investments totaled $ 5.74 billion as of December 31, 2022. | text | 6.74 | monetaryItemType | text: <entity> 6.74 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company owned 2,135 properties, with a total GLA of approximately 44.2 million square feet. Net Real Estate Investments totaled $ 6.74 billion as of December 31, 2023. As of December 31, 2022, the Company owned 1,839 properties, with a total GLA of approximately 38.1 million square feet. Net Real Estate Investments totaled $ 5.74 billion as of December 31, 2022. </context> | us-gaap:RealEstateInvestmentPropertyNet |
As of December 31, 2023, the Company owned 2,135 properties, with a total GLA of approximately 44.2 million square feet. Net Real Estate Investments totaled $ 6.74 billion as of December 31, 2023. As of December 31, 2022, the Company owned 1,839 properties, with a total GLA of approximately 38.1 million square feet. Net Real Estate Investments totaled $ 5.74 billion as of December 31, 2022. | text | 1839 | integerItemType | text: <entity> 1839 </entity> <entity type> integerItemType </entity type> <context> As of December 31, 2023, the Company owned 2,135 properties, with a total GLA of approximately 44.2 million square feet. Net Real Estate Investments totaled $ 6.74 billion as of December 31, 2023. As of December 31, 2022, the Company owned 1,839 properties, with a total GLA of approximately 38.1 million square feet. Net Real Estate Investments totaled $ 5.74 billion as of December 31, 2022. </context> | us-gaap:NumberOfRealEstateProperties |
As of December 31, 2023, the Company owned 2,135 properties, with a total GLA of approximately 44.2 million square feet. Net Real Estate Investments totaled $ 6.74 billion as of December 31, 2023. As of December 31, 2022, the Company owned 1,839 properties, with a total GLA of approximately 38.1 million square feet. Net Real Estate Investments totaled $ 5.74 billion as of December 31, 2022. | text | 5.74 | monetaryItemType | text: <entity> 5.74 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company owned 2,135 properties, with a total GLA of approximately 44.2 million square feet. Net Real Estate Investments totaled $ 6.74 billion as of December 31, 2023. As of December 31, 2022, the Company owned 1,839 properties, with a total GLA of approximately 38.1 million square feet. Net Real Estate Investments totaled $ 5.74 billion as of December 31, 2022. </context> | us-gaap:RealEstateInvestmentPropertyNet |
During 2023, the Company purchased 282 retail net lease assets for approximately $ 1.20 billion, which includes acquisition and closing costs. These properties are located in 40 states and had a weighted average remaining lease term of approximately 11.3 years. The aggregate 2023 acquisitions were allocated approximately $ 325.2 million to land, $ 726.1 million to buildings and improvements, and $ 147.4 million to lease intangibles. | text | 1.20 | monetaryItemType | text: <entity> 1.20 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the Company purchased 282 retail net lease assets for approximately $ 1.20 billion, which includes acquisition and closing costs. These properties are located in 40 states and had a weighted average remaining lease term of approximately 11.3 years. The aggregate 2023 acquisitions were allocated approximately $ 325.2 million to land, $ 726.1 million to buildings and improvements, and $ 147.4 million to lease intangibles. </context> | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
During 2023, the Company purchased 282 retail net lease assets for approximately $ 1.20 billion, which includes acquisition and closing costs. These properties are located in 40 states and had a weighted average remaining lease term of approximately 11.3 years. The aggregate 2023 acquisitions were allocated approximately $ 325.2 million to land, $ 726.1 million to buildings and improvements, and $ 147.4 million to lease intangibles. | text | 325.2 | monetaryItemType | text: <entity> 325.2 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the Company purchased 282 retail net lease assets for approximately $ 1.20 billion, which includes acquisition and closing costs. These properties are located in 40 states and had a weighted average remaining lease term of approximately 11.3 years. The aggregate 2023 acquisitions were allocated approximately $ 325.2 million to land, $ 726.1 million to buildings and improvements, and $ 147.4 million to lease intangibles. </context> | us-gaap:PaymentsToAcquireLandHeldForUse |
During 2023, the Company purchased 282 retail net lease assets for approximately $ 1.20 billion, which includes acquisition and closing costs. These properties are located in 40 states and had a weighted average remaining lease term of approximately 11.3 years. The aggregate 2023 acquisitions were allocated approximately $ 325.2 million to land, $ 726.1 million to buildings and improvements, and $ 147.4 million to lease intangibles. | text | 726.1 | monetaryItemType | text: <entity> 726.1 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the Company purchased 282 retail net lease assets for approximately $ 1.20 billion, which includes acquisition and closing costs. These properties are located in 40 states and had a weighted average remaining lease term of approximately 11.3 years. The aggregate 2023 acquisitions were allocated approximately $ 325.2 million to land, $ 726.1 million to buildings and improvements, and $ 147.4 million to lease intangibles. </context> | us-gaap:PaymentsForCapitalImprovements |
During 2023, the Company purchased 282 retail net lease assets for approximately $ 1.20 billion, which includes acquisition and closing costs. These properties are located in 40 states and had a weighted average remaining lease term of approximately 11.3 years. The aggregate 2023 acquisitions were allocated approximately $ 325.2 million to land, $ 726.1 million to buildings and improvements, and $ 147.4 million to lease intangibles. | text | 147.4 | monetaryItemType | text: <entity> 147.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the Company purchased 282 retail net lease assets for approximately $ 1.20 billion, which includes acquisition and closing costs. These properties are located in 40 states and had a weighted average remaining lease term of approximately 11.3 years. The aggregate 2023 acquisitions were allocated approximately $ 325.2 million to land, $ 726.1 million to buildings and improvements, and $ 147.4 million to lease intangibles. </context> | us-gaap:PaymentsToAcquireIntangibleAssets |
During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. | text | 1.60 | monetaryItemType | text: <entity> 1.60 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. </context> | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. | text | 387.7 | monetaryItemType | text: <entity> 387.7 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. </context> | us-gaap:PaymentsToAcquireLandHeldForUse |
During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. | text | 1.00 | monetaryItemType | text: <entity> 1.00 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. </context> | us-gaap:PaymentsForCapitalImprovements |
During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. | text | 204.9 | monetaryItemType | text: <entity> 204.9 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. </context> | us-gaap:PaymentsToAcquireIntangibleAssets |
During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company purchased 434 retail net lease assets for approximately $ 1.60 billion, which includes acquisition, closing costs and the assumption of a $ 42.3 million mortgage note. These properties are located in 43 states and had a weighted average lease term of approximately 10.2 years. The aggregate 2022 acquisitions were allocated approximately $ 387.7 million to land, $ 1.00 billion to buildings and improvements, $ 204.9 million to lease intangibles, net and $ 2.5 million to assumed mortgage debt discount. </context> | us-gaap:AmortizationOfDebtDiscountPremium |
During 2023, the Company sold real estate properties for net proceeds of $ 13.8 million and recorded a net gain of $ 1.8 million. | text | 13.8 | monetaryItemType | text: <entity> 13.8 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the Company sold real estate properties for net proceeds of $ 13.8 million and recorded a net gain of $ 1.8 million. </context> | us-gaap:ProceedsFromSaleOfRealEstate |
During 2023, the Company sold real estate properties for net proceeds of $ 13.8 million and recorded a net gain of $ 1.8 million. | text | 1.8 | monetaryItemType | text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the Company sold real estate properties for net proceeds of $ 13.8 million and recorded a net gain of $ 1.8 million. </context> | us-gaap:GainsLossesOnSalesOfInvestmentRealEstate |
During 2022, the Company sold real estate properties for net proceeds of $ 44.9 million and recorded a net gain of $ 5.3 million. | text | 44.9 | monetaryItemType | text: <entity> 44.9 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company sold real estate properties for net proceeds of $ 44.9 million and recorded a net gain of $ 5.3 million. </context> | us-gaap:ProceedsFromSaleOfRealEstate |
During 2022, the Company sold real estate properties for net proceeds of $ 44.9 million and recorded a net gain of $ 5.3 million. | text | 5.3 | monetaryItemType | text: <entity> 5.3 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company sold real estate properties for net proceeds of $ 44.9 million and recorded a net gain of $ 5.3 million. </context> | us-gaap:GainsLossesOnSalesOfInvestmentRealEstate |
During 2021, the Company sold real estate properties for net proceeds of $ 56.0 million and recorded a net gain of $ 14.9 million. | text | 56.0 | monetaryItemType | text: <entity> 56.0 </entity> <entity type> monetaryItemType </entity type> <context> During 2021, the Company sold real estate properties for net proceeds of $ 56.0 million and recorded a net gain of $ 14.9 million. </context> | us-gaap:ProceedsFromSaleOfRealEstate |
During 2021, the Company sold real estate properties for net proceeds of $ 56.0 million and recorded a net gain of $ 14.9 million. | text | 14.9 | monetaryItemType | text: <entity> 14.9 </entity> <entity type> monetaryItemType </entity type> <context> During 2021, the Company sold real estate properties for net proceeds of $ 56.0 million and recorded a net gain of $ 14.9 million. </context> | us-gaap:GainsLossesOnSalesOfInvestmentRealEstate |
During the year ended December 31, 2023, the Company completed construction and moved its headquarters to a new corporate office building. Prior to the move, the Company’s headquarters were located in two office buildings owned by the Company. The Company began marketing for sale the previous corporate office buildings in early 2023, disposing of one in October 2023 to a third party. The Company received two bona fide offers on the remaining corporate office building during the fourth quarter of 2023, the highest of which was received from an entity controlled by one of the Company’s Independent Directors. The transaction to sell the building for $ 3.7 million to the related party entity was approved by the Company’s Audit Committee prior to accepting the offer and entering into the purchase and sale agreement. As a result of the offers received related to the remaining corporate office building, the Company recognized impairment of $ 2.7 million to state the carrying value of the building at it’s fair value. The building was classified as held for sale as of December 31, 2023 and the all cash disposition closed on January 16, 2024. No amounts were due to or due from the Independent Director or the related party entity as of December 31, 2023 or subsequent to closing the disposition. | text | 3.7 | monetaryItemType | text: <entity> 3.7 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, the Company completed construction and moved its headquarters to a new corporate office building. Prior to the move, the Company’s headquarters were located in two office buildings owned by the Company. The Company began marketing for sale the previous corporate office buildings in early 2023, disposing of one in October 2023 to a third party. The Company received two bona fide offers on the remaining corporate office building during the fourth quarter of 2023, the highest of which was received from an entity controlled by one of the Company’s Independent Directors. The transaction to sell the building for $ 3.7 million to the related party entity was approved by the Company’s Audit Committee prior to accepting the offer and entering into the purchase and sale agreement. As a result of the offers received related to the remaining corporate office building, the Company recognized impairment of $ 2.7 million to state the carrying value of the building at it’s fair value. The building was classified as held for sale as of December 31, 2023 and the all cash disposition closed on January 16, 2024. No amounts were due to or due from the Independent Director or the related party entity as of December 31, 2023 or subsequent to closing the disposition. </context> | us-gaap:ProceedsFromSaleOfPropertyHeldForSale |
During the year ended December 31, 2023, the Company completed construction and moved its headquarters to a new corporate office building. Prior to the move, the Company’s headquarters were located in two office buildings owned by the Company. The Company began marketing for sale the previous corporate office buildings in early 2023, disposing of one in October 2023 to a third party. The Company received two bona fide offers on the remaining corporate office building during the fourth quarter of 2023, the highest of which was received from an entity controlled by one of the Company’s Independent Directors. The transaction to sell the building for $ 3.7 million to the related party entity was approved by the Company’s Audit Committee prior to accepting the offer and entering into the purchase and sale agreement. As a result of the offers received related to the remaining corporate office building, the Company recognized impairment of $ 2.7 million to state the carrying value of the building at it’s fair value. The building was classified as held for sale as of December 31, 2023 and the all cash disposition closed on January 16, 2024. No amounts were due to or due from the Independent Director or the related party entity as of December 31, 2023 or subsequent to closing the disposition. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, the Company completed construction and moved its headquarters to a new corporate office building. Prior to the move, the Company’s headquarters were located in two office buildings owned by the Company. The Company began marketing for sale the previous corporate office buildings in early 2023, disposing of one in October 2023 to a third party. The Company received two bona fide offers on the remaining corporate office building during the fourth quarter of 2023, the highest of which was received from an entity controlled by one of the Company’s Independent Directors. The transaction to sell the building for $ 3.7 million to the related party entity was approved by the Company’s Audit Committee prior to accepting the offer and entering into the purchase and sale agreement. As a result of the offers received related to the remaining corporate office building, the Company recognized impairment of $ 2.7 million to state the carrying value of the building at it’s fair value. The building was classified as held for sale as of December 31, 2023 and the all cash disposition closed on January 16, 2024. No amounts were due to or due from the Independent Director or the related party entity as of December 31, 2023 or subsequent to closing the disposition. </context> | us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf |
As a result of the Company’s review of real estate investments, it recognized provision for impairment of $ 7.2 million, $ 1.0 million and $ 1.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. The estimated fair value of the impaired real estate assets at their time of impairment during 2023, 2022 and 2021 was $ 6.3 million, $ 1.8 million and $ 1.0 million, respectively. | text | 7.2 | monetaryItemType | text: <entity> 7.2 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the Company’s review of real estate investments, it recognized provision for impairment of $ 7.2 million, $ 1.0 million and $ 1.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. The estimated fair value of the impaired real estate assets at their time of impairment during 2023, 2022 and 2021 was $ 6.3 million, $ 1.8 million and $ 1.0 million, respectively. </context> | us-gaap:ImpairmentOfRealEstate |
As a result of the Company’s review of real estate investments, it recognized provision for impairment of $ 7.2 million, $ 1.0 million and $ 1.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. The estimated fair value of the impaired real estate assets at their time of impairment during 2023, 2022 and 2021 was $ 6.3 million, $ 1.8 million and $ 1.0 million, respectively. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the Company’s review of real estate investments, it recognized provision for impairment of $ 7.2 million, $ 1.0 million and $ 1.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. The estimated fair value of the impaired real estate assets at their time of impairment during 2023, 2022 and 2021 was $ 6.3 million, $ 1.8 million and $ 1.0 million, respectively. </context> | us-gaap:ImpairmentOfRealEstate |
As a result of the Company’s review of real estate investments, it recognized provision for impairment of $ 7.2 million, $ 1.0 million and $ 1.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. The estimated fair value of the impaired real estate assets at their time of impairment during 2023, 2022 and 2021 was $ 6.3 million, $ 1.8 million and $ 1.0 million, respectively. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the Company’s review of real estate investments, it recognized provision for impairment of $ 7.2 million, $ 1.0 million and $ 1.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. The estimated fair value of the impaired real estate assets at their time of impairment during 2023, 2022 and 2021 was $ 6.3 million, $ 1.8 million and $ 1.0 million, respectively. </context> | us-gaap:ImpairmentOfRealEstate |
As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). | text | 2.43 | monetaryItemType | text: <entity> 2.43 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). | text | 44.9 | monetaryItemType | text: <entity> 44.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). | text | 350.0 | monetaryItemType | text: <entity> 350.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). | text | 1.81 | monetaryItemType | text: <entity> 1.81 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). | text | 227.0 | monetaryItemType | text: <entity> 227.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had total gross indebtedness of $ 2.43 billion, including (i) $ 44.9 million of mortgage notes payable; (ii) $ 350.0 million unsecured term loan; (iii) $ 1.81 billion of senior unsecured notes; and (iv) $ 227.0 million outstanding under the Revolving Credit Facility (defined below). </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2023, the Company had total gross mortgage indebtedness of $ 44.9 million, which was collateralized by related real estate and tenants’ leases with an aggregate net book value of $ 79.3 million. The weighted average interest rate on the Company’s mortgage notes payable was 3.78 % as of December 31, 2023 and 3.94 % as of December 31, 2022. | text | 44.9 | monetaryItemType | text: <entity> 44.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had total gross mortgage indebtedness of $ 44.9 million, which was collateralized by related real estate and tenants’ leases with an aggregate net book value of $ 79.3 million. The weighted average interest rate on the Company’s mortgage notes payable was 3.78 % as of December 31, 2023 and 3.94 % as of December 31, 2022. </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2023, the Company had total gross mortgage indebtedness of $ 44.9 million, which was collateralized by related real estate and tenants’ leases with an aggregate net book value of $ 79.3 million. The weighted average interest rate on the Company’s mortgage notes payable was 3.78 % as of December 31, 2023 and 3.94 % as of December 31, 2022. | text | 79.3 | monetaryItemType | text: <entity> 79.3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had total gross mortgage indebtedness of $ 44.9 million, which was collateralized by related real estate and tenants’ leases with an aggregate net book value of $ 79.3 million. The weighted average interest rate on the Company’s mortgage notes payable was 3.78 % as of December 31, 2023 and 3.94 % as of December 31, 2022. </context> | us-gaap:DebtInstrumentCollateralAmount |
As of December 31, 2023, the Company had total gross mortgage indebtedness of $ 44.9 million, which was collateralized by related real estate and tenants’ leases with an aggregate net book value of $ 79.3 million. The weighted average interest rate on the Company’s mortgage notes payable was 3.78 % as of December 31, 2023 and 3.94 % as of December 31, 2022. | text | 3.78 | percentItemType | text: <entity> 3.78 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, the Company had total gross mortgage indebtedness of $ 44.9 million, which was collateralized by related real estate and tenants’ leases with an aggregate net book value of $ 79.3 million. The weighted average interest rate on the Company’s mortgage notes payable was 3.78 % as of December 31, 2023 and 3.94 % as of December 31, 2022. </context> | us-gaap:LongtermDebtWeightedAverageInterestRate |
As of December 31, 2023, the Company had total gross mortgage indebtedness of $ 44.9 million, which was collateralized by related real estate and tenants’ leases with an aggregate net book value of $ 79.3 million. The weighted average interest rate on the Company’s mortgage notes payable was 3.78 % as of December 31, 2023 and 3.94 % as of December 31, 2022. | text | 3.94 | percentItemType | text: <entity> 3.94 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, the Company had total gross mortgage indebtedness of $ 44.9 million, which was collateralized by related real estate and tenants’ leases with an aggregate net book value of $ 79.3 million. The weighted average interest rate on the Company’s mortgage notes payable was 3.78 % as of December 31, 2023 and 3.94 % as of December 31, 2022. </context> | us-gaap:LongtermDebtWeightedAverageInterestRate |
During the year ended December 31, 2023, the Company repaid the $ 4.6 million, 5.01 % per annum, interest only mortgage note at maturity. | text | 4.6 | monetaryItemType | text: <entity> 4.6 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, the Company repaid the $ 4.6 million, 5.01 % per annum, interest only mortgage note at maturity. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the year ended December 31, 2023, the Company repaid the $ 4.6 million, 5.01 % per annum, interest only mortgage note at maturity. | text | 5.01 | percentItemType | text: <entity> 5.01 </entity> <entity type> percentItemType </entity type> <context> During the year ended December 31, 2023, the Company repaid the $ 4.6 million, 5.01 % per annum, interest only mortgage note at maturity. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In connection with a four -property acquisition during the twelve months ended December 31, 2022, the Company assumed an interest only, mortgage note payable with a principal balance of $ 42.3 million and stated interest rate of 3.63 % maturing December 2029. In connection with the purchase price allocation, the mortgage debt was recorded at fair value as of the date of acquisition resulting in a $ 2.5 million debt discount that will be amortized over the term of the mortgage note payable into Interest Expense in the Consolidated Statements of Operations and Comprehensive Income. | text | 3.63 | percentItemType | text: <entity> 3.63 </entity> <entity type> percentItemType </entity type> <context> In connection with a four -property acquisition during the twelve months ended December 31, 2022, the Company assumed an interest only, mortgage note payable with a principal balance of $ 42.3 million and stated interest rate of 3.63 % maturing December 2029. In connection with the purchase price allocation, the mortgage debt was recorded at fair value as of the date of acquisition resulting in a $ 2.5 million debt discount that will be amortized over the term of the mortgage note payable into Interest Expense in the Consolidated Statements of Operations and Comprehensive Income. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In connection with a four -property acquisition during the twelve months ended December 31, 2022, the Company assumed an interest only, mortgage note payable with a principal balance of $ 42.3 million and stated interest rate of 3.63 % maturing December 2029. In connection with the purchase price allocation, the mortgage debt was recorded at fair value as of the date of acquisition resulting in a $ 2.5 million debt discount that will be amortized over the term of the mortgage note payable into Interest Expense in the Consolidated Statements of Operations and Comprehensive Income. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> In connection with a four -property acquisition during the twelve months ended December 31, 2022, the Company assumed an interest only, mortgage note payable with a principal balance of $ 42.3 million and stated interest rate of 3.63 % maturing December 2029. In connection with the purchase price allocation, the mortgage debt was recorded at fair value as of the date of acquisition resulting in a $ 2.5 million debt discount that will be amortized over the term of the mortgage note payable into Interest Expense in the Consolidated Statements of Operations and Comprehensive Income. </context> | us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet |
On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. </context> | us-gaap:DebtInstrumentFaceAmount |
On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. | text | 80 | percentItemType | text: <entity> 80 </entity> <entity type> percentItemType </entity type> <context> On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. | text | 160 | percentItemType | text: <entity> 160 </entity> <entity type> percentItemType </entity type> <context> On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. | text | 95 | percentItemType | text: <entity> 95 </entity> <entity type> percentItemType </entity type> <context> On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. </context> | us-gaap:DerivativeNotionalAmount |
On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. | text | 3.57 | percentItemType | text: <entity> 3.57 </entity> <entity type> percentItemType </entity type> <context> On July 31, 2023, the Company closed on the unsecured $ 350 million 5.5 -year term loan (the “2029 Unsecured Term Loan”) which includes an accordion option that allows the Company to request additional lender commitments up to a total of $ 500 million and matures in January 2029. Borrowings under the 2029 Unsecured Term Loan are priced at SOFR plus a spread of 80 to 160 basis points over SOFR, depending on the Company’s credit ratings, plus a SOFR adjustment of 10 basis points. Based on the Company’s credit ratings at the time of closing, pricing on the 2029 Unsecured Term Loan was 95 basis points over SOFR. The Company used the existing $ 350 million of forward starting interest rate swaps to hedge the variable SOFR priced interest to a weighted average fixed rate of 3.57 % until January 2029. </context> | us-gaap:DerivativeAverageFixedInterestRate |
In December 2021, the Company entered into a Third Amended and Restated Revolving Credit Agreement which provided for a $ 1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") that bore interest based on a pricing grid with a range of 72.5 to 140 basis points over LIBOR, determined by the Company’s credit ratings and leverage ratio. Based on the Company’s credit ratings and leverage ratio at the time of closing, pricing on the Revolving Credit Facility was 77.5 basis points over LIBOR. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> In December 2021, the Company entered into a Third Amended and Restated Revolving Credit Agreement which provided for a $ 1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") that bore interest based on a pricing grid with a range of 72.5 to 140 basis points over LIBOR, determined by the Company’s credit ratings and leverage ratio. Based on the Company’s credit ratings and leverage ratio at the time of closing, pricing on the Revolving Credit Facility was 77.5 basis points over LIBOR. </context> | us-gaap:DebtInstrumentFaceAmount |
In December 2021, the Company entered into a Third Amended and Restated Revolving Credit Agreement which provided for a $ 1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") that bore interest based on a pricing grid with a range of 72.5 to 140 basis points over LIBOR, determined by the Company’s credit ratings and leverage ratio. Based on the Company’s credit ratings and leverage ratio at the time of closing, pricing on the Revolving Credit Facility was 77.5 basis points over LIBOR. | text | 72.5 | percentItemType | text: <entity> 72.5 </entity> <entity type> percentItemType </entity type> <context> In December 2021, the Company entered into a Third Amended and Restated Revolving Credit Agreement which provided for a $ 1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") that bore interest based on a pricing grid with a range of 72.5 to 140 basis points over LIBOR, determined by the Company’s credit ratings and leverage ratio. Based on the Company’s credit ratings and leverage ratio at the time of closing, pricing on the Revolving Credit Facility was 77.5 basis points over LIBOR. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
In December 2021, the Company entered into a Third Amended and Restated Revolving Credit Agreement which provided for a $ 1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") that bore interest based on a pricing grid with a range of 72.5 to 140 basis points over LIBOR, determined by the Company’s credit ratings and leverage ratio. Based on the Company’s credit ratings and leverage ratio at the time of closing, pricing on the Revolving Credit Facility was 77.5 basis points over LIBOR. | text | 140 | percentItemType | text: <entity> 140 </entity> <entity type> percentItemType </entity type> <context> In December 2021, the Company entered into a Third Amended and Restated Revolving Credit Agreement which provided for a $ 1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") that bore interest based on a pricing grid with a range of 72.5 to 140 basis points over LIBOR, determined by the Company’s credit ratings and leverage ratio. Based on the Company’s credit ratings and leverage ratio at the time of closing, pricing on the Revolving Credit Facility was 77.5 basis points over LIBOR. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
In December 2021, the Company entered into a Third Amended and Restated Revolving Credit Agreement which provided for a $ 1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") that bore interest based on a pricing grid with a range of 72.5 to 140 basis points over LIBOR, determined by the Company’s credit ratings and leverage ratio. Based on the Company’s credit ratings and leverage ratio at the time of closing, pricing on the Revolving Credit Facility was 77.5 basis points over LIBOR. | text | 77.5 | percentItemType | text: <entity> 77.5 </entity> <entity type> percentItemType </entity type> <context> In December 2021, the Company entered into a Third Amended and Restated Revolving Credit Agreement which provided for a $ 1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") that bore interest based on a pricing grid with a range of 72.5 to 140 basis points over LIBOR, determined by the Company’s credit ratings and leverage ratio. Based on the Company’s credit ratings and leverage ratio at the time of closing, pricing on the Revolving Credit Facility was 77.5 basis points over LIBOR. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
In November 2022, the Company entered into a First Amendment to the Third Amended and Restated Revolving Credit Agreement which converted the interest rate on its $ 1.0 billion Revolving Credit Facility from a spread over LIBOR to a spread over SOFR plus a SOFR adjustment of 10 basis points. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> In November 2022, the Company entered into a First Amendment to the Third Amended and Restated Revolving Credit Agreement which converted the interest rate on its $ 1.0 billion Revolving Credit Facility from a spread over LIBOR to a spread over SOFR plus a SOFR adjustment of 10 basis points. </context> | us-gaap:DebtInstrumentFaceAmount |
The margins for the Revolving Credit Facility are subject to improvement based on the Company's leverage ratio, provided its credit ratings meet a certain threshold. Based on the Company's credit ratings and leverage ratio at the time of closing plus the SOFR adjustment of 10 basis points, pricing on the Revolving Credit Facility was 87.5 basis points over SOFR. At December 31, 2023, the Revolving Credit Facility bore interest of 6.265 %, which is comprised of SOFR of 5.39 % plus the spread of 87.5 basis points. In connection with the Company's ongoing environmental, social and governance ("ESG") initiatives, pricing on the Revolving Credit Facility will decrease 1 basis point beginning in January 2024 due to improvements in the Company’s ESG rating score during 2023. Pricing may further be reduced if additional specific ESG rating improvements are achieved. | text | 87.5 | percentItemType | text: <entity> 87.5 </entity> <entity type> percentItemType </entity type> <context> The margins for the Revolving Credit Facility are subject to improvement based on the Company's leverage ratio, provided its credit ratings meet a certain threshold. Based on the Company's credit ratings and leverage ratio at the time of closing plus the SOFR adjustment of 10 basis points, pricing on the Revolving Credit Facility was 87.5 basis points over SOFR. At December 31, 2023, the Revolving Credit Facility bore interest of 6.265 %, which is comprised of SOFR of 5.39 % plus the spread of 87.5 basis points. In connection with the Company's ongoing environmental, social and governance ("ESG") initiatives, pricing on the Revolving Credit Facility will decrease 1 basis point beginning in January 2024 due to improvements in the Company’s ESG rating score during 2023. Pricing may further be reduced if additional specific ESG rating improvements are achieved. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The margins for the Revolving Credit Facility are subject to improvement based on the Company's leverage ratio, provided its credit ratings meet a certain threshold. Based on the Company's credit ratings and leverage ratio at the time of closing plus the SOFR adjustment of 10 basis points, pricing on the Revolving Credit Facility was 87.5 basis points over SOFR. At December 31, 2023, the Revolving Credit Facility bore interest of 6.265 %, which is comprised of SOFR of 5.39 % plus the spread of 87.5 basis points. In connection with the Company's ongoing environmental, social and governance ("ESG") initiatives, pricing on the Revolving Credit Facility will decrease 1 basis point beginning in January 2024 due to improvements in the Company’s ESG rating score during 2023. Pricing may further be reduced if additional specific ESG rating improvements are achieved. | text | 6.265 | percentItemType | text: <entity> 6.265 </entity> <entity type> percentItemType </entity type> <context> The margins for the Revolving Credit Facility are subject to improvement based on the Company's leverage ratio, provided its credit ratings meet a certain threshold. Based on the Company's credit ratings and leverage ratio at the time of closing plus the SOFR adjustment of 10 basis points, pricing on the Revolving Credit Facility was 87.5 basis points over SOFR. At December 31, 2023, the Revolving Credit Facility bore interest of 6.265 %, which is comprised of SOFR of 5.39 % plus the spread of 87.5 basis points. In connection with the Company's ongoing environmental, social and governance ("ESG") initiatives, pricing on the Revolving Credit Facility will decrease 1 basis point beginning in January 2024 due to improvements in the Company’s ESG rating score during 2023. Pricing may further be reduced if additional specific ESG rating improvements are achieved. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
The margins for the Revolving Credit Facility are subject to improvement based on the Company's leverage ratio, provided its credit ratings meet a certain threshold. Based on the Company's credit ratings and leverage ratio at the time of closing plus the SOFR adjustment of 10 basis points, pricing on the Revolving Credit Facility was 87.5 basis points over SOFR. At December 31, 2023, the Revolving Credit Facility bore interest of 6.265 %, which is comprised of SOFR of 5.39 % plus the spread of 87.5 basis points. In connection with the Company's ongoing environmental, social and governance ("ESG") initiatives, pricing on the Revolving Credit Facility will decrease 1 basis point beginning in January 2024 due to improvements in the Company’s ESG rating score during 2023. Pricing may further be reduced if additional specific ESG rating improvements are achieved. | text | 5.39 | percentItemType | text: <entity> 5.39 </entity> <entity type> percentItemType </entity type> <context> The margins for the Revolving Credit Facility are subject to improvement based on the Company's leverage ratio, provided its credit ratings meet a certain threshold. Based on the Company's credit ratings and leverage ratio at the time of closing plus the SOFR adjustment of 10 basis points, pricing on the Revolving Credit Facility was 87.5 basis points over SOFR. At December 31, 2023, the Revolving Credit Facility bore interest of 6.265 %, which is comprised of SOFR of 5.39 % plus the spread of 87.5 basis points. In connection with the Company's ongoing environmental, social and governance ("ESG") initiatives, pricing on the Revolving Credit Facility will decrease 1 basis point beginning in January 2024 due to improvements in the Company’s ESG rating score during 2023. Pricing may further be reduced if additional specific ESG rating improvements are achieved. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
In December 2021, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 368.7 million after deducting fees and expenses and making certain other adjustments. | text | 5750000 | sharesItemType | text: <entity> 5750000 </entity> <entity type> sharesItemType </entity type> <context> In December 2021, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 368.7 million after deducting fees and expenses and making certain other adjustments. </context> | us-gaap:CommonStockSharesAuthorized |
In December 2021, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 368.7 million after deducting fees and expenses and making certain other adjustments. | text | 750000 | sharesItemType | text: <entity> 750000 </entity> <entity type> sharesItemType </entity type> <context> In December 2021, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 368.7 million after deducting fees and expenses and making certain other adjustments. </context> | us-gaap:CommonStockSharesAuthorized |
In December 2021, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 368.7 million after deducting fees and expenses and making certain other adjustments. | text | 368.7 | monetaryItemType | text: <entity> 368.7 </entity> <entity type> monetaryItemType </entity type> <context> In December 2021, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 368.7 million after deducting fees and expenses and making certain other adjustments. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
In May 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 386.7 million after deducting fees and expenses and making certain other adjustments. | text | 5750000 | sharesItemType | text: <entity> 5750000 </entity> <entity type> sharesItemType </entity type> <context> In May 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 386.7 million after deducting fees and expenses and making certain other adjustments. </context> | us-gaap:CommonStockSharesAuthorized |
In May 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 386.7 million after deducting fees and expenses and making certain other adjustments. | text | 750000 | sharesItemType | text: <entity> 750000 </entity> <entity type> sharesItemType </entity type> <context> In May 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 386.7 million after deducting fees and expenses and making certain other adjustments. </context> | us-gaap:CommonStockSharesAuthorized |
In May 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 386.7 million after deducting fees and expenses and making certain other adjustments. | text | 386.7 | monetaryItemType | text: <entity> 386.7 </entity> <entity type> monetaryItemType </entity type> <context> In May 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled all of these forward sale agreements. The offering resulted in net proceeds to the Company of approximately $ 386.7 million after deducting fees and expenses and making certain other adjustments. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. | text | 5750000 | sharesItemType | text: <entity> 5750000 </entity> <entity type> sharesItemType </entity type> <context> In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. </context> | us-gaap:CommonStockSharesAuthorized |
In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. | text | 750000 | sharesItemType | text: <entity> 750000 </entity> <entity type> sharesItemType </entity type> <context> In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. </context> | us-gaap:CommonStockSharesAuthorized |
In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. | text | 1600000 | sharesItemType | text: <entity> 1600000 </entity> <entity type> sharesItemType </entity type> <context> In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. | text | 106.2 | monetaryItemType | text: <entity> 106.2 </entity> <entity type> monetaryItemType </entity type> <context> In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. | text | 4150000 | sharesItemType | text: <entity> 4150000 </entity> <entity type> sharesItemType </entity type> <context> In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. | text | 275.0 | monetaryItemType | text: <entity> 275.0 </entity> <entity type> monetaryItemType </entity type> <context> In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. | text | 381.2 | monetaryItemType | text: <entity> 381.2 </entity> <entity type> monetaryItemType </entity type> <context> In October 2022, the Company completed a follow-on public offering of 5,750,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 750,000 shares, in connection with forward sale agreements. As of December 31, 2022, the Company settled 1,600,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 106.2 million. During the year ended December 31, 2023, the Company settled the remaining 4,150,000 shares of these October 2022 forward sale agreements, realizing net proceeds of $ 275.0 million. The offering resulted in total net proceeds to the Company of $ 381.2 million after deducting fees and expenses and making certain adjustments. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
As of December 31, 2023, the Company had 7,000,000 depositary shares (the “Depositary Shares”) outstanding, each representing 1/1,000 th of a share of Series A Preferred Stock. | text | 7000000 | sharesItemType | text: <entity> 7000000 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2023, the Company had 7,000,000 depositary shares (the “Depositary Shares”) outstanding, each representing 1/1,000 th of a share of Series A Preferred Stock. </context> | us-gaap:PreferredStockSharesOutstanding |
Dividends on the Series A Preferred Shares are payable monthly in arrears on the first day of each month (or, if not on a business day, on the next succeeding business day). The dividend rate is 4.25 % per annum of the $ 25,000 (equivalent to $ 25.00 per Depositary Share) liquidation preference. Monthly dividends on the Series A Preferred Shares have been and will be in the amount of $ 0.08854 per Depositary Share, equivalent to $ 1.0625 per annum. | text | 4.25 | percentItemType | text: <entity> 4.25 </entity> <entity type> percentItemType </entity type> <context> Dividends on the Series A Preferred Shares are payable monthly in arrears on the first day of each month (or, if not on a business day, on the next succeeding business day). The dividend rate is 4.25 % per annum of the $ 25,000 (equivalent to $ 25.00 per Depositary Share) liquidation preference. Monthly dividends on the Series A Preferred Shares have been and will be in the amount of $ 0.08854 per Depositary Share, equivalent to $ 1.0625 per annum. </context> | us-gaap:PreferredStockDividendRatePercentage |
Dividends on the Series A Preferred Shares are payable monthly in arrears on the first day of each month (or, if not on a business day, on the next succeeding business day). The dividend rate is 4.25 % per annum of the $ 25,000 (equivalent to $ 25.00 per Depositary Share) liquidation preference. Monthly dividends on the Series A Preferred Shares have been and will be in the amount of $ 0.08854 per Depositary Share, equivalent to $ 1.0625 per annum. | text | 25000 | monetaryItemType | text: <entity> 25000 </entity> <entity type> monetaryItemType </entity type> <context> Dividends on the Series A Preferred Shares are payable monthly in arrears on the first day of each month (or, if not on a business day, on the next succeeding business day). The dividend rate is 4.25 % per annum of the $ 25,000 (equivalent to $ 25.00 per Depositary Share) liquidation preference. Monthly dividends on the Series A Preferred Shares have been and will be in the amount of $ 0.08854 per Depositary Share, equivalent to $ 1.0625 per annum. </context> | us-gaap:PreferredStockLiquidationPreferenceValue |
Dividends on the Series A Preferred Shares are payable monthly in arrears on the first day of each month (or, if not on a business day, on the next succeeding business day). The dividend rate is 4.25 % per annum of the $ 25,000 (equivalent to $ 25.00 per Depositary Share) liquidation preference. Monthly dividends on the Series A Preferred Shares have been and will be in the amount of $ 0.08854 per Depositary Share, equivalent to $ 1.0625 per annum. | text | 25.00 | perShareItemType | text: <entity> 25.00 </entity> <entity type> perShareItemType </entity type> <context> Dividends on the Series A Preferred Shares are payable monthly in arrears on the first day of each month (or, if not on a business day, on the next succeeding business day). The dividend rate is 4.25 % per annum of the $ 25,000 (equivalent to $ 25.00 per Depositary Share) liquidation preference. Monthly dividends on the Series A Preferred Shares have been and will be in the amount of $ 0.08854 per Depositary Share, equivalent to $ 1.0625 per annum. </context> | us-gaap:PreferredStockLiquidationPreference |
The Company may not redeem the Series A Preferred Shares before September 2026, except in limited circumstances to preserve its status as a real estate investment trust for federal income tax purposes and except in certain circumstances upon the occurrence of a change of control of the Company. Beginning in September 2026, the Company, at its option, may redeem the Series A Preferred Shares, in whole or from time to time in part, by paying $ 25.00 per Depositary Share, plus any accrued and unpaid dividends. Upon the occurrence of a change in control of the Company, if the Company does not otherwise redeem the Series A Preferred Shares, the holders have a right to convert their shares into common stock of the Company at the $ 25.00 per share liquidation value, plus any accrued and unpaid dividends. This conversion value is limited by a share cap if the Company’s stock price falls below a certain threshold. | text | 25.00 | perShareItemType | text: <entity> 25.00 </entity> <entity type> perShareItemType </entity type> <context> The Company may not redeem the Series A Preferred Shares before September 2026, except in limited circumstances to preserve its status as a real estate investment trust for federal income tax purposes and except in certain circumstances upon the occurrence of a change of control of the Company. Beginning in September 2026, the Company, at its option, may redeem the Series A Preferred Shares, in whole or from time to time in part, by paying $ 25.00 per Depositary Share, plus any accrued and unpaid dividends. Upon the occurrence of a change in control of the Company, if the Company does not otherwise redeem the Series A Preferred Shares, the holders have a right to convert their shares into common stock of the Company at the $ 25.00 per share liquidation value, plus any accrued and unpaid dividends. This conversion value is limited by a share cap if the Company’s stock price falls below a certain threshold. </context> | us-gaap:PreferredStockRedemptionPricePerShare |
As of December 31, 2023, the Company entered into forward sale agreements to sell an aggregate of 10,197,230 shares of common stock under the 2022 ATM Program, for anticipated net proceeds of $ 669.1 million. Through December 31, 2022, | text | 10197230 | sharesItemType | text: <entity> 10197230 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2023, the Company entered into forward sale agreements to sell an aggregate of 10,197,230 shares of common stock under the 2022 ATM Program, for anticipated net proceeds of $ 669.1 million. Through December 31, 2022, </context> | us-gaap:ForwardContractIndexedToIssuersEquityShares |
As of December 31, 2023, the Company entered into forward sale agreements to sell an aggregate of 10,197,230 shares of common stock under the 2022 ATM Program, for anticipated net proceeds of $ 669.1 million. Through December 31, 2022, | text | 669.1 | monetaryItemType | text: <entity> 669.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company entered into forward sale agreements to sell an aggregate of 10,197,230 shares of common stock under the 2022 ATM Program, for anticipated net proceeds of $ 669.1 million. Through December 31, 2022, </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
the Company settled 245,591 shares of these forward sale agreements for net proceeds of approximately $ 18.1 million, after deducting fees and expenses. During the year ended December 31, 2023, the Company has settled 6,117,768 shares of these forward sale agreements as of December 31, 2023 for net proceeds of approximately $ 415.4 million, after deducting fees and expense. The Company is required to settle the remaining outstanding shares of common stock under the 2022 ATM Program by January 2025. The Company had approximately $ 75.8 million of availability remaining under this program as of December 31, 2023. | text | 245591 | sharesItemType | text: <entity> 245591 </entity> <entity type> sharesItemType </entity type> <context> the Company settled 245,591 shares of these forward sale agreements for net proceeds of approximately $ 18.1 million, after deducting fees and expenses. During the year ended December 31, 2023, the Company has settled 6,117,768 shares of these forward sale agreements as of December 31, 2023 for net proceeds of approximately $ 415.4 million, after deducting fees and expense. The Company is required to settle the remaining outstanding shares of common stock under the 2022 ATM Program by January 2025. The Company had approximately $ 75.8 million of availability remaining under this program as of December 31, 2023. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
the Company settled 245,591 shares of these forward sale agreements for net proceeds of approximately $ 18.1 million, after deducting fees and expenses. During the year ended December 31, 2023, the Company has settled 6,117,768 shares of these forward sale agreements as of December 31, 2023 for net proceeds of approximately $ 415.4 million, after deducting fees and expense. The Company is required to settle the remaining outstanding shares of common stock under the 2022 ATM Program by January 2025. The Company had approximately $ 75.8 million of availability remaining under this program as of December 31, 2023. | text | 18.1 | monetaryItemType | text: <entity> 18.1 </entity> <entity type> monetaryItemType </entity type> <context> the Company settled 245,591 shares of these forward sale agreements for net proceeds of approximately $ 18.1 million, after deducting fees and expenses. During the year ended December 31, 2023, the Company has settled 6,117,768 shares of these forward sale agreements as of December 31, 2023 for net proceeds of approximately $ 415.4 million, after deducting fees and expense. The Company is required to settle the remaining outstanding shares of common stock under the 2022 ATM Program by January 2025. The Company had approximately $ 75.8 million of availability remaining under this program as of December 31, 2023. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
the Company settled 245,591 shares of these forward sale agreements for net proceeds of approximately $ 18.1 million, after deducting fees and expenses. During the year ended December 31, 2023, the Company has settled 6,117,768 shares of these forward sale agreements as of December 31, 2023 for net proceeds of approximately $ 415.4 million, after deducting fees and expense. The Company is required to settle the remaining outstanding shares of common stock under the 2022 ATM Program by January 2025. The Company had approximately $ 75.8 million of availability remaining under this program as of December 31, 2023. | text | 6117768 | sharesItemType | text: <entity> 6117768 </entity> <entity type> sharesItemType </entity type> <context> the Company settled 245,591 shares of these forward sale agreements for net proceeds of approximately $ 18.1 million, after deducting fees and expenses. During the year ended December 31, 2023, the Company has settled 6,117,768 shares of these forward sale agreements as of December 31, 2023 for net proceeds of approximately $ 415.4 million, after deducting fees and expense. The Company is required to settle the remaining outstanding shares of common stock under the 2022 ATM Program by January 2025. The Company had approximately $ 75.8 million of availability remaining under this program as of December 31, 2023. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
the Company settled 245,591 shares of these forward sale agreements for net proceeds of approximately $ 18.1 million, after deducting fees and expenses. During the year ended December 31, 2023, the Company has settled 6,117,768 shares of these forward sale agreements as of December 31, 2023 for net proceeds of approximately $ 415.4 million, after deducting fees and expense. The Company is required to settle the remaining outstanding shares of common stock under the 2022 ATM Program by January 2025. The Company had approximately $ 75.8 million of availability remaining under this program as of December 31, 2023. | text | 415.4 | monetaryItemType | text: <entity> 415.4 </entity> <entity type> monetaryItemType </entity type> <context> the Company settled 245,591 shares of these forward sale agreements for net proceeds of approximately $ 18.1 million, after deducting fees and expenses. During the year ended December 31, 2023, the Company has settled 6,117,768 shares of these forward sale agreements as of December 31, 2023 for net proceeds of approximately $ 415.4 million, after deducting fees and expense. The Company is required to settle the remaining outstanding shares of common stock under the 2022 ATM Program by January 2025. The Company had approximately $ 75.8 million of availability remaining under this program as of December 31, 2023. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
The Company declared dividends per common share of $ 2.919 , $ 2.805 and $ 2.4056 during the years ended December 31, 2023, 2022 and 2021. | text | 2.919 | perShareItemType | text: <entity> 2.919 </entity> <entity type> perShareItemType </entity type> <context> The Company declared dividends per common share of $ 2.919 , $ 2.805 and $ 2.4056 during the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
The Company declared dividends per common share of $ 2.919 , $ 2.805 and $ 2.4056 during the years ended December 31, 2023, 2022 and 2021. | text | 2.805 | perShareItemType | text: <entity> 2.805 </entity> <entity type> perShareItemType </entity type> <context> The Company declared dividends per common share of $ 2.919 , $ 2.805 and $ 2.4056 during the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
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