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SUBSEQUENT EVENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Subsequent Events [Abstract] |
Schedule of Dividends Declared | The per-share distributions to preferred and common stockholders declared by our Board of Directors during the years ended December 31, 2024, 2023, and 2022 are reflected in the table below.
|  | For the Years Ended December 31,
Issuance |  | 2024 |  | 2023 |  | 2022
Series B Preferred Stock |  | 1.500000 |  |  | 1.500000 |  |  | 1.500000 |
Series C Preferred Stock |  | 1.500000 |  |  | 1.500000 |  |  | 1.500000 |
Series D Term Preferred Stock(1) |  | 1.250004 |  |  | 1.250004 |  |  | 1.250004 |
Series E Preferred Stock |  | 1.250004 |  |  | 1.250004 |  |  | — |
Common Stock(2) |  | 0.559500 |  |  | 0.553500 |  |  | 0.546300 |
(1)Dividends are treated similar to interest expense on the accompanying Consolidated Statements of Operations and Comprehensive Income. (2)The same amounts were paid as distributions on each OP Unit held by non-controlling OP Unitholders. On January 14, 2025, our Board of Directors declared the following monthly cash distributions to holders of our preferred and common stock:
Issuance |  | Record Date |  | Payment Date |  | Distribution per Share
Series B Preferred Stock: |  | January 24, 2025 |  | January 31, 2025 |  | $ | 0.125 |
|  | February 19, 2025 |  | February 28, 2025 |  | 0.125 |
|  | March 19, 2025 |  | March 31, 2025 |  | 0.125 |
Total Series B Preferred Stock Distributions: |  | $ | 0.375 |
Series C Preferred Stock: |  | January 24, 2025 |  | January 31, 2025 |  | $ | 0.125 |
|  | February 19, 2025 |  | February 28, 2025 |  | 0.125 |
|  | March 19, 2025 |  | March 31, 2025 |  | 0.125 |
Total Series C Preferred Stock Distributions: |  | $ | 0.375 |
Series D Term Preferred Stock: |  | January 24, 2025 |  | January 31, 2025 |  | $ | 0.104167 |
|  | February 19, 2025 |  | February 28, 2025 |  | 0.104167 |
|  | March 19, 2025 |  | March 31, 2025 |  | 0.104167 |
Total Series D Term Preferred Stock Distributions: |  | $ | 0.312501 |
Series E Preferred Stock: |  | January 27, 2025 |  | February 5, 2025 |  | $ | 0.104167 |
|  | February 25, 2025 |  | March 5, 2025 |  | 0.104167 |
|  | March 26, 2025 |  | April 4, 2025 |  | 0.104167 |
Total Series E Preferred Stock Distributions: |  | $ | 0.312501 |
Common Stock(1): |  | January 24, 2025 |  | January 31, 2025 |  | $ | 0.0467 |
|  | February 19, 2025 |  | February 28, 2025 |  | 0.0467 |
|  | March 19, 2025 |  | March 31, 2025 |  | 0.0467 |
Total Common Stock Distributions: |  | $ | 0.1401 |
(1)The same amounts paid to common stockholders will be paid as distributions on each OP Unit held by non-controlling OP Unitholders, if any, as of the above record dates.

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