CAPITAL STOCK (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2023 and December 31, 2022.

	Shares authorized		Shares issued and outstanding
	June 30, 2023	December 31, 2022	June 30, 2023	December 31, 2022	Par Value
Common stock	1,468,250,000	2,936,500,000	493,893,288	468,309,810	$0.01

The following is a summary of the Company’s cumulative redeemable preferred stock outstanding at June 30, 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
	June 30, 2023	December 31, 2022	June 30, 2023	December 31, 2022	June 30, 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				For the Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
	(dollars in thousands, except per share data)
Dividends and dividend equivalents declared on common stock and share-based awards	$	322,448	$	355,467	$	644,947	$	677,664
Distributions declared per common share	$	0.65	$	0.88	$	1.30	$	1.76
Distributions paid to common stockholders after period end	$	321,031	$	354,027	$	321,031	$	354,027
Distributions paid per common share after period end	$	0.65	$	0.88	$	0.65	$	0.88
Date of distributions paid to common stockholders after period end	July 28, 2023		July 29, 2022		July 28, 2023		July 29, 2022
Dividends declared to series F preferred stockholders	$	18,274	$	12,510	$	35,776	$	25,020
Dividends declared per share of series F preferred stock	$	0.635	$	0.434	$	1.242	$	0.869
Dividends declared to series G preferred stockholders	$	10,025	$	6,906	$	16,931	$	13,812
Dividends declared per share of series G preferred stock	$	0.590	$	0.406	$	0.996	$	0.813
Dividends declared to series I preferred stockholders	$	7,467	$	7,467	$	14,934	$	14,934
Dividends declared per share of series I preferred stock	$	0.422	$	0.422	$	0.844	$	0.844