CAPITAL STOCK (Tables)

3 Months Ended

Mar. 31, 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 March 31, 2025 and December 31, 2024.

	Shares authorized		Shares issued and outstanding
	March 31, 2025	December 31, 2024	March 31, 2025	December 31, 2024	Par Value
Common stock	1,468,250,000	1,468,250,000	602,338,286	578,357,118	$0.01

The following is a summary of the Company’s cumulative redeemable preferred stock outstanding at March 31, 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 Authorized		Shares Issued And Outstanding		Carrying Value				Contractual Rate	Earliest Redemption Date (1)	Effective Date of Floating Rate Dividend Period	Floating Annual Rate (2)
	March 31, 2025	December 31, 2024	March 31, 2025	December 31, 2024	March 31, 2025		December 31, 2024
Fixed-to-floating rate
Series F	28,800,000	28,800,000	28,800,000	28,800,000	696,910		696,910		6.95%	9/30/2022	9/30/2022	3M Term SOFR + 4.993%
Series G	17,000,000	17,000,000	17,000,000	17,000,000	411,335		411,335		6.50%	3/31/2023	3/31/2023	3M Term SOFR + 4.172%
Series I	17,700,000	17,700,000	17,700,000	17,700,000	428,324		428,324		6.75%	6/30/2024	6/30/2024	3M Term SOFR + 4.989%
Total	63,500,000	63,500,000	63,500,000	63,500,000	$	1,536,569	$	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
	March 31, 2025		March 31, 2024
	(dollars in thousands, except per share data)
Dividends and dividend equivalents declared on common stock and share-based awards	$	423,863	$	326,872
Distributions declared per common share	$	0.70	$	0.65
Distributions paid to common stockholders after period end	$	421,637	$	325,286
Distributions paid per common share after period end	$	0.70	$	0.65
Date of distributions paid to common stockholders after period end	April 30, 2025		April 30, 2024
Dividends declared to series F preferred stockholders	$	17,250	$	19,085
Dividends declared per share of series F preferred stock	$	0.599	$	0.663
Dividends declared to series G preferred stockholders	$	9,310	$	10,509
Dividends declared per share of series G preferred stock	$	0.548	$	0.618
Dividends declared to series I preferred stockholders	$	10,597	$	7,467
Dividends declared per share of series I preferred stock	$	0.599	$	0.422