Stockholders' Equity of the Company

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Stockholders' Equity of the Company

Stockholders’ Equity of the Company

Common Stock

Common Stock Repurchases

As of December 31, 2023, 4,935,826 shares remained eligible for repurchase under a share repurchase program approved by the Company’s board of directors in 2016. The Company did not repurchase shares of common stock under this program during the three years ended December 31, 2023, 2022 and 2021.

Accrued Dividends and Distributions

The following tables summarize accrued dividends and distributions for the noted outstanding shares of common stock and noncontrolling units as of December 31, 2023 and 2022:

	December 31,
	2023		2022
	(in thousands)
Dividends and Distributions payable to:
Common stockholders	$	63,309	$	63,114
Noncontrolling common unitholders of the Operating Partnership	621		621
RSU holders (1)	510		550
Total accrued dividends and distribution to common stockholders and noncontrolling unitholders	$	64,440	$	64,285

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(1)The amount includes the value of the dividend equivalents that will be paid with additional RSUs (see Note 16 “Share-Based and Other Compensation” for additional information).

	December 31,
	2023	2022
Outstanding Shares and Units:
Common stock	117,239,558	116,878,031
Noncontrolling common units	1,150,574	1,150,574
RSUs (1)	908,336	984,006

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(1)The amount includes nonvested RSUs. Does not include 1,083,086 and 1,123,554 market measure-based RSUs because not all the necessary performance conditions have been met as of December 31, 2023 and 2022, respectively. Refer to Note 16 “Share-Based and Other Compensation” for additional information.