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SUBSEQUENT EVENTS (Tables)
 12 Months Ended
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,
Issuance202420232022
Series B Preferred Stock1.500000 1.500000 1.500000 
Series C Preferred Stock1.500000 1.500000 1.500000 
Series D Term Preferred Stock(1)
1.250004 1.250004 1.250004 
Series E Preferred Stock1.250004 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:
IssuanceRecord DatePayment DateDistribution per Share
Series B Preferred Stock:January 24, 2025January 31, 2025$0.125 
February 19, 2025February 28, 20250.125 
March 19, 2025March 31, 20250.125 
Total Series B Preferred Stock Distributions:$0.375 
Series C Preferred Stock:January 24, 2025January 31, 2025$0.125 
February 19, 2025February 28, 20250.125 
March 19, 2025March 31, 20250.125 
Total Series C Preferred Stock Distributions:$0.375 
Series D Term Preferred Stock:January 24, 2025January 31, 2025$0.104167 
February 19, 2025February 28, 20250.104167 
March 19, 2025March 31, 20250.104167 
Total Series D Term Preferred Stock Distributions:$0.312501 
Series E Preferred Stock:January 27, 2025February 5, 2025$0.104167 
February 25, 2025March 5, 20250.104167 
March 26, 2025April 4, 20250.104167 
Total Series E Preferred Stock Distributions:$0.312501 
Common Stock(1):
January 24, 2025January 31, 2025$0.0467 
February 19, 2025February 28, 20250.0467 
March 19, 2025March 31, 20250.0467 
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.