EQUITY (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of dividends declared

During the years ended December 31, 2019, 2018 and 2017, the Company declared the following cash distributions (per share data reflects actual amounts):

	For the year ended December 31,
	2019				2018				2017
	Distribution per share		Aggregate Payment  Amount		Distribution per share		Aggregate Payment  Amount		Distribution per share		Aggregate Payment  Amount
Common Stock	$	3.78	$	1,672.8	$	3.15	$	1,389.8	$	2.62	$	1,122.5
Series A Preferred Stock (1)	$	—	$	—	$	—	$	—	$	2.63	$	15.8
Series B Preferred Stock (2)	$	—	$	—	$	13.75	$	18.9	$	55.00	$	75.6

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(1) 5.25% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share (the “Series A Preferred Stock”), which converted into shares of the Company’s common stock pursuant to the provisions of the Certificate of Designations governing the Series A Preferred Stock in 2017. 

(2)

5.50% Mandatory Convertible Preferred Stock, Series B, par value $0.01 per share (the “Series B Preferred Stock”), which converted into shares of the Company’s common stock pursuant to the provisions of the Certificate of Designations governing the Series B Preferred Stock in 2018. 

Schedule of stock by class

The following table characterizes the tax treatment of distributions declared per share of common stock and Mandatory Convertible Preferred Stock.

		For the year ended December 31,
		2019					2018					2017
		Per Share			%		Per Share			%		Per Share			%
Common Stock
	Ordinary dividend	$	3.7800	(1)	100.00	%	$	3.1500		100.00	%	$	2.6200		100.00	%
	Capital gains distribution	—			—		—			—		—			—
	Total	$	3.7800		100.00	%	$	3.1500		100.00	%	$	2.6200		100.00	%
Series A Preferred Stock
	Ordinary dividend	$	—		—	%	$	—		—	%	$	3.3643	(2)	100.00	%
	Capital gains distribution	—			—		—			—		—			—
	Total	$	—		—	%	$	—		—	%	$	3.3643		100.00	%
Series B Preferred Stock (3)
	Ordinary dividend	$	—		—	%	$	2.1314	(4)	100.00	%	$	6.5233	(5)	100.00	%
	Capital gains distribution	—			—		—			—		—			—
	Total	$	—		—	%	$	2.1314		100.00	%	$	6.5233		100.00	%

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(1) Includes dividend declared on December 11, 2019 of $1.01 per share, which was paid on January 14, 2020 to common stockholders of record at the close of business on December 27, 2019.

(2) Includes a deemed distribution as a result of a conversion rate adjustment triggered on April 27, 2017.

(3) Represents the tax treatment on dividends per depositary share, each of which represents a 1/10th interest in a share of Series B Preferred Stock.

(4) Includes a deemed distribution as a result of a conversion rate adjustment triggered on January 18, 2018.

(5)

Includes a deemed distribution as a result of a conversion rate adjustment triggered on April 12, 2017.