CAPITAL STOCK (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and December 31, 2022.

	Shares authorized		Shares issued and outstanding
	March 31, 2023	December 31, 2022	March 31, 2023	December 31, 2022	Par Value
Common stock	2,936,500,000	2,936,500,000	493,880,938	468,309,810	$0.01

The following is a summary of the Company’s cumulative redeemable preferred stock outstanding at March 31, 2023 and December 31, 2022. 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)	Date At Which Dividend Rate Becomes Floating	Floating Annual Rate
	March 31, 2023	December 31, 2022	March 31, 2023	December 31, 2022	March 31, 2023		December 31, 2022
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 LIBOR + 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 LIBOR + 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 LIBOR + 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.

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, 2023		March 31, 2022
	(dollars in thousands, except per share data)
Dividends and dividend equivalents declared on common stock and share-based awards	$	322,499	$	322,197
Distributions declared per common share	$	0.65	$	0.88
Distributions paid to common stockholders after period end	$	321,023	$	321,423
Distributions paid per common share after period end	$	0.65	$	0.88
Date of distributions paid to common stockholders after period end	April 28, 2023		April 29, 2022
Dividends declared to series F preferred stockholders	$	17,502	$	12,510
Dividends declared per share of series F preferred stock	$	0.608	$	0.434
Dividends declared to series G preferred stockholders	$	6,906	$	6,906
Dividends declared per share of series G preferred stock	$	0.406	$	0.406
Dividends declared to series I preferred stockholders	$	7,467	$	7,467
Dividends declared per share of series I preferred stock	$	0.422	$	0.422