Stockholders' Equity

3 Months Ended

Mar. 31, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

9. Stockholders' Equity

As of March 31, 2012, the Company had 149,384,341 shares of Common Stock outstanding.

During the three months ended March 31, 2012, the Company utilized its $600 million "at the market" ("ATM") stock offering program to issue an aggregate of 1,048,800 shares of Common Stock for gross proceeds of approximately $110.5 million and net proceeds of approximately $109.3 million. As of March 31, 2012, approximately $444.6 million remained available for issuance under this ATM program (See Note 13).

During the three months ended March 31, 2012, the Company issued 17,706 shares of Common Stock upon the exercise of options to purchase Common Stock by certain employees.

During the three months ended March 31, 2012, the Company issued 199,526 shares of Common Stock in connection with the redemption of an equal number of OP Units.

On January 27, 2012, the Company paid a dividend in the amount of $0.55 per share of Common Stock to shareholders of record as of the close of business on December 31, 2011. On March 16, 2012, the Company's Board of Directors declared a dividend in the amount of $0.55 per share of Common Stock payable on April 30, 2012 to shareholders of record as of the close of business on March 30, 2012.