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Stockholders’ Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Stockholders' Equity Note [Abstract] |
Summary of Preferred Stock Issued and Outstanding | The following tables summarize the Company’s Preferred Stock issued and outstanding as of December 31, 2022 and 2021 (dollar amounts in thousands): December 31, 2022
Class of Preferred Stock |  | Shares Authorized |  | Shares Issued and Outstanding |  | Carrying Value |  | Liquidation Preference |  | Contractual Rate (1) |  | Optional Redemption Date (2) |  | Fixed-to-Floating Rate Conversion Date (1)(3) |  | Floating Annual Rate (4)
Fixed-to-Floating Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series D |  | 8,400,000 |  |  | 6,123,495 |  |  | $ | 148,134 |  |  | $ | 153,087 |  |  | 8.000 | % |  | October 15, 2027 |  | October 15, 2027 |  | 3M LIBOR + 5.695%
Series E |  | 9,900,000 |  |  | 7,411,499 |  |  | 179,349 |  |  | 185,288 |  |  | 7.875 | % |  | January 15, 2025 |  | January 15, 2025 |  | 3M LIBOR + 6.429%
Series F |  | 7,750,000 |  |  | 5,750,000 |  |  | 138,650 |  |  | 143,750 |  |  | 6.875 | % |  | October 15, 2026 |  | October 15, 2026 |  | 3M SOFR + 6.130%
Fixed Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series G |  | 5,450,000 |  |  | 3,000,000 |  |  | 72,218 |  |  | 75,000 |  |  | 7.000 | % |  | January 15, 2027 |  |  |  |
Total |  | 31,500,000 |  |  | 22,284,994 |  |  | $ | 538,351 |  |  | $ | 557,125 |  |  |  |  |  |  |  |  |
December 31, 2021
Class of Preferred Stock |  | Shares Authorized |  | Shares Issued and Outstanding |  | Carrying Value |  | Liquidation Preference |  | Contractual Rate (1) |  | Optional Redemption Date (2) |  | Fixed-to-Floating Rate Conversion Date (1)(3) |  | Floating Annual Rate (4)
Fixed-to-Floating Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series D |  | 8,400,000 |  |  | 6,123,495 |  |  | $ | 148,134 |  |  | $ | 153,087 |  |  | 8.000 | % |  | October 15, 2027 |  | October 15, 2027 |  | 3M LIBOR + 5.695%
Series E |  | 9,900,000 |  |  | 7,411,499 |  |  | 179,349 |  |  | 185,288 |  |  | 7.875 | % |  | January 15, 2025 |  | January 15, 2025 |  | 3M LIBOR + 6.429%
Series F |  | 7,750,000 |  |  | 5,750,000 |  |  | 138,650 |  |  | 143,750 |  |  | 6.875 | % |  | October 15, 2026 |  | October 15, 2026 |  | 3M SOFR + 6.130%
Fixed Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series G |  | 3,450,000 |  |  | 3,000,000 |  |  | 72,088 |  |  | 75,000 |  |  | 7.000 | % |  | January 15, 2027 |  |  |  |
Total |  | 29,500,000 |  |  | 22,284,994 |  |  | $ | 538,221 |  |  | $ | 557,125 |  |  |  |  |  |  |  |  |
(1)Each series of fixed rate preferred stock is entitled to receive a dividend at the contractual rate shown, respectively, per year on its $25 liquidation preference. Each series of fixed-to-floating rate preferred stock is entitled to receive a dividend at the contractual rate shown, respectively, per year on its $25 liquidation preference up to, but excluding, the fixed-to-floating rate conversion date. (2)Each series of Preferred Stock is not redeemable by the Company prior to the respective optional redemption date disclosed except under circumstances intended to preserve the Company’s qualification as a REIT and except upon occurrence of a Change in Control (as defined in the Articles Supplementary designating the Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock and Series G Preferred Stock, respectively). (3)Beginning on the respective fixed-to-floating rate conversion date, each of the Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock is entitled to receive a dividend on a floating rate basis according to the terms disclosed in footnote (4) below. (4)On and after the fixed-to-floating rate conversion date, each of the Series D Preferred Stock and Series E Preferred Stock is entitled to receive a dividend at a floating rate equal to three-month LIBOR plus the respective spread disclosed above per year on its $25 liquidation preference. On and after the fixed-to-floating rate conversion date, the Series F Preferred Stock is entitled to receive a dividend at a floating rate equal to three-month SOFR plus the spread disclosed above per year on its $25 liquidation preference.
Schedule of Dividends Payable | The following table presents the relevant information with respect to quarterly cash dividends declared on the Preferred Stock commencing January 1, 2020 through December 31, 2022:
|  |  |  |  |  | Cash Dividend Per Share |
Declaration Date |  | Record Date |  | Payment Date |  | Series B Preferred Stock (1) |  | Series C Preferred Stock (1) |  | Series D Preferred Stock |  | Series E Preferred Stock |  | Series F Preferred Stock |  | Series G Preferred Stock |
December 12, 2022 |  | January 1, 2023 |  | January 15, 2023 |  | $ | — |  |  | $ | — |  |  | $ | 0.50 |  |  | $ | 0.4921875 |  |  | $ | 0.4296875 |  |  | $ | 0.43750 |  |
September 16, 2022 |  | October 1, 2022 |  | October 15, 2022 |  | — |  |  | — |  |  | 0.50 |  |  | 0.4921875 |  |  | 0.4296875 |  |  | 0.43750 |  |
June 17, 2022 |  | July 1, 2022 |  | July 15, 2022 |  | — |  |  | — |  |  | 0.50 |  |  | 0.4921875 |  |  | 0.4296875 |  |  | 0.43750 |  |
March 14, 2022 |  | April 1, 2022 |  | April 15, 2022 |  | — |  |  | — |  |  | 0.50 |  |  | 0.4921875 |  |  | 0.4296875 |  |  | 0.43750 |  |
December 13, 2021 |  | January 1, 2022 |  | January 15, 2022 |  | — |  |  | — |  |  | 0.50 |  |  | 0.4921875 |  |  | 0.4296875 |  |  | 0.24792 |  | (2)
September 13, 2021 |  | October 1, 2021 |  | October 15, 2021 |  | 0.484375 |  |  | — |  |  | 0.50 |  |  | 0.4921875 |  |  | 0.4679000 |  | (3) | — |  |
June 14, 2021 |  | July 1, 2021 |  | July 15, 2021 |  | 0.484375 |  |  | 0.4921875 |  |  | 0.50 |  |  | 0.4921875 |  |  | — |  |  | — |  |
March 15, 2021 |  | April 1, 2021 |  | April 15, 2021 |  | 0.484375 |  |  | 0.4921875 |  |  | 0.50 |  |  | 0.4921875 |  |  | — |  |  | — |  |
December 7, 2020 |  | January 1, 2021 |  | January 15, 2021 |  | 0.484375 |  |  | 0.4921875 |  |  | 0.50 |  |  | 0.4921875 |  |  | — |  |  | — |  |
September 14, 2020 |  | October 1, 2020 |  | October 15, 2020 |  | 0.484375 |  |  | 0.4921875 |  |  | 0.50 |  |  | 0.4921875 |  |  | — |  |  | — |  |
June 15, 2020 |  | July 1, 2020 |  | July 15, 2020 |  | 0.968750 |  | (4) | 0.9843750 |  | (4) | 1.00 |  | (4) | 0.9843750 |  | (4) | — |  |  | — |  |
(1)Refer above for disclosure regarding the optional redemption of the Company's Series B Preferred Stock and Series C Preferred Stock. (2)Cash dividend for the short initial dividend period that began on November 24, 2021 and ended on January 14, 2022. (3)Cash dividend for the long initial dividend period that began on July 7, 2021 and ended on October 14, 2021. (4)Preferred Stock dividends declared on June 15, 2020 included cash dividends in arrears for the quarterly period that began on January 15, 2020 and ended on April 14, 2020 and cash dividends for the quarterly period that began on April 15, 2020 and ended on July 14, 2020. The following table presents cash dividends declared by the Company on its common stock with respect to the quarterly periods commencing January 1, 2020 and ended December 31, 2022:
Period |  | Declaration Date |  | Record Date |  | Payment Date |  | Cash Dividend Per Share
Fourth Quarter 2022 |  | December 12, 2022 |  | December 27, 2022 |  | January 26, 2023 |  | $ | 0.100 |
Third Quarter 2022 |  | September 16, 2022 |  | September 26, 2022 |  | October 26, 2022 |  | 0.100 |
Second Quarter 2022 |  | June 17, 2022 |  | June 27, 2022 |  | July 25, 2022 |  | 0.100 |
First Quarter 2022 |  | March 14, 2022 |  | March 24, 2022 |  | April 25, 2022 |  | 0.100 |
Fourth Quarter 2021 |  | December 13, 2021 |  | December 27, 2021 |  | January 25, 2022 |  | 0.100 |
Third Quarter 2021 |  | September 13, 2021 |  | September 23, 2021 |  | October 25, 2021 |  | 0.100 |
Second Quarter 2021 |  | June 14, 2021 |  | June 24, 2021 |  | July 26, 2021 |  | 0.100 |
First Quarter 2021 |  | March 15, 2021 |  | March 25, 2021 |  | April 26, 2021 |  | 0.100 |
Fourth Quarter 2020 |  | December 7, 2020 |  | December 17, 2020 |  | January 25, 2021 |  | 0.100 |
Third Quarter 2020 |  | September 14, 2020 |  | September 24, 2020 |  | October 26, 2020 |  | 0.075 |
Second Quarter 2020 |  | June 15, 2020 |  | July 1, 2020 |  | July 27, 2020 |  | 0.050 |
Schedule of Company's Public Offerings of Common Stock | The following table details the Company's public offerings of common stock during the three years ended December 31, 2022 (dollar amounts in thousands):
Share Issue Month |  | Shares Issued |  | Net Proceeds (1)
February 2020 |  | 50,600,000 |  |  | $ | 305,274 |
January 2020 |  | 34,500,000 |  |  | 206,650 |
(1) Proceeds are net of underwriting discounts and commissions and offering expenses.

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