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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
Schedule of Outstanding Preferred Stock | The Company’s outstanding Preferred Stock is detailed below:
As of September 30, 2025
Class of Preferred Stock |  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Liquidation Preference (in thousands) |  |  | Dividend Rate |  |  | Annual Dividend per Depositary Share |  |  | Par Value |  |  | Optional Redemption Date
Class L |  |  | 10,350 |  |  |  | 8,902 |  |  | $ | 222,543 |  |  |  | 5.125 | % |  | $ | 1.28125 |  |  | $ | 1.00 |  |  | 8/16/2022
Class M |  |  | 10,580 |  |  |  | 10,465 |  |  |  | 261,636 |  |  |  | 5.250 | % |  | $ | 1.31250 |  |  | $ | 1.00 |  |  | 12/20/2022
Class N |  |  | 1,849 |  |  |  | 1,381 |  |  |  | 69,017 |  |  |  | 7.250 | % |  | $ | 3.62500 |  |  | $ | 1.00 |  |  | N/A
|  |  |  |  |  | 20,748 |  |  | $ | 553,196 |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2024
Class of Preferred Stock |  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Liquidation Preference (in thousands) |  |  | Dividend Rate |  |  | Annual Dividend per Depositary Share |  |  | Par Value |  |  | Optional Redemption Date
Class L |  |  | 10,350 |  |  |  | 8,902 |  |  | $ | 222,543 |  |  |  | 5.125 | % |  | $ | 1.28125 |  |  | $ | 1.00 |  |  | 8/16/2022
Class M |  |  | 10,580 |  |  |  | 10,465 |  |  |  | 261,636 |  |  |  | 5.250 | % |  | $ | 1.31250 |  |  | $ | 1.00 |  |  | 12/20/2022
Class N |  |  | 1,849 |  |  |  | 1,439 |  |  |  | 71,934 |  |  |  | 7.250 | % |  | $ | 3.62500 |  |  | $ | 1.00 |  |  | N/A
|  |  |  |  |  | 20,806 |  |  | $ | 556,113 |  |  |  |  |  |  |  |  |  |  |  |
Summary of Repurchased Preferred Stock | During the nine months ended September 30, 2025, the Company repurchased the following preferred stock:
Class of Preferred Stock |  | Depositary Shares Repurchased |  |  | Purchase Price (in thousands) |
Class N |  |  | 58,342 |  |  | $ | 3,481 |
Summary of Dividends Declared Per Share | The following table provides a summary of the dividends declared per share:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Common Shares |  | $ | 0.25000 |  |  | $ | 0.24000 |  |  | $ | 0.75000 |  |  | $ | 0.72000 |
Class L Depositary Shares |  | $ | 0.32031 |  |  | $ | 0.32031 |  |  | $ | 0.96093 |  |  | $ | 0.96093 |
Class M Depositary Shares |  | $ | 0.32813 |  |  | $ | 0.32813 |  |  | $ | 0.98439 |  |  | $ | 0.98439 |
Class N Depositary Shares |  | $ | 0.90625 |  |  | $ | 0.90625 |  |  | $ | 2.71875 |  |  | $ | 2.71875 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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