v3.26.1
CAPITAL STOCK (Tables)
 6 Months Ended
Jun. 30, 2026
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, 2026 and December 31, 2025.
Shares authorizedShares issued and outstanding
June 30, 2026December 31, 2025June 30, 2026December 31, 2025Par Value
Common stock
1,456,750,000 1,456,750,000 750,574,308 706,972,452 $0.01
The following is a summary of the Company’s cumulative redeemable preferred stock outstanding at June 30, 2026 and December 31, 2025. 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)
June 30, 2026December 31, 2025June 30, 2026December 31, 2025June 30, 2026December 31, 2025
Fixed-rate(dollars in thousands)
Series J11,500,000 11,500,000 11,000,000 11,000,000 $265,911 $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%
Subtotal63,500,000 63,500,000 63,500,000 63,500,000 $1,536,569 $1,536,569 
Total75,000,000 75,000,000 74,500,000 74,500,000 $1,802,480 $1,802,480 
(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 Six Months Ended
 June 30, 2026June 30, 2025June 30, 2026June 30, 2025
 (dollars in thousands, except per share data)
Dividends and dividend equivalents declared on common stock and share-based awards$565,881 $452,199 $1,080,171 $876,062 
Distributions declared per common share$0.75 $0.70 $1.45 $1.40 
Distributions paid to common stockholders after period end$562,931 $449,453 $562,931 $449,453 
Distributions paid per common share after period end$0.75 $0.70 $0.75 $0.70 
Date of distributions paid to common stockholders after period endJuly 31, 2026July 31, 2025July 31, 2026July 31, 2025
Dividends declared to series F preferred stockholders$16,118 $17,197 $32,186 $34,447 
Dividends declared per share of series F preferred stock$0.560 $0.597 $1.118 $1.196 
Dividends declared to series G preferred stockholders$8,738 $9,381 $17,350 $18,691 
Dividends declared per share of series G preferred stock$0.514 $0.552 $1.021 $1.100 
Dividends declared to series I preferred stockholders$10,011 $10,682 $19,881 $21,279 
Dividends declared per share of series I preferred stock$0.566 $0.603 $1.123 $1.202 
Dividends declared to series J preferred stockholders$6,169 $— $12,271 $— 
Dividends declared per share of series J preferred stock$0.561 $— $1.116 $—