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CAPITAL STOCK (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Stock by Class
The following table provides a summary of the Company’s common shares authorized, and issued and outstanding at September 30, 2025 and December 31, 2024.
Shares authorizedShares issued and outstanding
September 30, 2025December 31, 2024September 30, 2025December 31, 2024Par Value
Common stock
1,456,750,000 1,468,250,000 681,052,317 578,357,118 $0.01
The following is a summary of the Company’s cumulative redeemable preferred stock outstanding at September 30, 2025 and December 31, 2024. In the event of a liquidation or dissolution of the Company, the Company’s then outstanding preferred stock takes precedence over the Company’s common stock with respect to payment of dividends and the distribution of assets.
Shares AuthorizedShares Issued And OutstandingCarrying ValueContractual Rate
Earliest Redemption Date (1)
Effective Date of Floating Rate Dividend Period
Floating Annual Rate (2)
September 30, 2025December 31, 2024September 30, 2025December 31, 2024September 30, 2025December 31, 2024
Fixed-rate(dollars in thousands)
Series J11,500,000 — 11,000,000 — 265,911 — 8.875%9/30/2030NANA
Fixed-to-floating rate
Series F28,800,000 28,800,000 28,800,000 28,800,000 696,910 696,910 6.95%9/30/20229/30/2022
3M Term SOFR + 4.993%
Series G17,000,000 17,000,000 17,000,000 17,000,000 411,335 411,335 6.50%3/31/20233/31/2023
3M Term SOFR + 4.172%
Series I17,700,000 17,700,000 17,700,000 17,700,000 428,324 428,324 6.75%6/30/20246/30/2024
3M Term SOFR + 4.989%
Total75,000,000 63,500,000 74,500,000 63,500,000 $1,802,480 $1,536,569 
(1) Subject to the Company’s right under limited circumstances to redeem preferred stock earlier in order to preserve its qualification as a REIT or under limited circumstances related to a change in control of the Company.
(2) For each series of fixed-to-floating rate cumulative redeemable preferred stock, the floating rate is calculated as 3-month CME Term SOFR (plus a spread adjustment of 0.26161%) plus the spread specified in the prospectus.
Summary of Dividend Distribution Activity
The following table provides a summary of the Company’s dividend distribution activity for the periods presented:
 For the Three Months Ended
For the Nine Months Ended
 September 30, 2025September 30, 2024September 30, 2025September 30, 2024
 (dollars in thousands, except per share data)
Dividends and dividend equivalents declared on common stock and share-based awards$479,660 $364,914 $1,355,722 $1,019,527 
Distributions declared per common share$0.70 $0.65 $2.10 $1.95 
Distributions paid to common stockholders after period end$476,737 $362,731 $476,737 $362,731 
Distributions paid per common share after period end$0.70 $0.65 $0.70 $0.65 
Date of distributions paid to common stockholders after period endOctober 31, 2025October 31, 2024October 31, 2025October 31, 2024
Dividends declared to series F preferred stockholders$17,190 $19,055 $51,637 $57,142 
Dividends declared per share of series F preferred stock$0.597 $0.662 $1.793 $1.984 
Dividends declared to series G preferred stockholders$9,481 $10,606 $28,172 $31,804 
Dividends declared per share of series G preferred stock$0.558 $0.624 $1.657 $1.871 
Dividends declared to series I preferred stockholders$10,795 $11,967 $32,074 $26,901 
Dividends declared per share of series I preferred stock$0.610 $0.676 $1.812 $1.520 
Dividends declared to series J preferred stockholders$— $— $— $— 
Dividends declared per share of series J preferred stock$— $— $— $—