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SUBSEQUENT EVENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
Subsequent Events [Abstract] |
Schedule of Dividends Declared | The per-share distributions to preferred and common stockholders declared by our Board of Directors during the three and six months ended June 30, 2025 and 2024 are reflected in the table below.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Issuance |  | 2025 |  | 2024 |  | 2025 |  | 2024
Series B Preferred Stock |  | $ | 0.375 |  |  | $ | 0.375 |  |  | $ | 0.750 |  |  | $ | 0.750 |
Series C Preferred Stock |  | 0.375 |  |  | 0.375 |  |  | 0.750 |  |  | 0.750 |
Series D Term Preferred Stock(1) |  | 0.312501 |  |  | 0.312501 |  |  | 0.625002 |  |  | 0.625002 |
Series E Term Preferred Stock |  | 0.312501 |  |  | 0.312501 |  |  | 0.625002 |  |  | 0.625002 |
Common Stock |  | 0.1401 |  |  | 0.1398 |  |  | 0.2802 |  |  | 0.2793 |
(1)Dividends are treated similar to interest expense on the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income. On July 10, 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: |  | July 21, 2025 |  | July 31, 2025 |  | $ | 0.125 |
|  | August 20, 2025 |  | August 29, 2025 |  | 0.125 |
|  | September 22, 2025 |  | September 30, 2025 |  | 0.125 |
Total Series B Preferred Stock Distributions: |  | $ | 0.375 |
Series C Preferred Stock: |  | July 21, 2025 |  | July 31, 2025 |  | $ | 0.125 |
|  | August 20, 2025 |  | August 29, 2025 |  | 0.125 |
|  | September 22, 2025 |  | September 30, 2025 |  | 0.125 |
Total Series C Preferred Stock Distributions: |  | $ | 0.375 |
Series D Term Preferred Stock: |  | July 21, 2025 |  | July 31, 2025 |  | $ | 0.104167 |
|  | August 20, 2025 |  | August 29, 2025 |  | 0.104167 |
|  | September 22, 2025 |  | September 30, 2025 |  | 0.104167 |
Total Series D Term Preferred Stock Distributions: |  | $ | 0.312501 |
Series E Preferred Stock: |  | July 25, 2025 |  | August 4, 2025 |  | $ | 0.104167 |
|  | August 27, 2025 |  | September 5, 2025 |  | 0.104167 |
|  | September 24, 2025 |  | October 3, 2025 |  | 0.104167 |
Total Series E Preferred Stock Distributions: |  | $ | 0.312501 |
Common Stock: |  | July 21, 2025 |  | July 31, 2025 |  | $ | 0.0467 |
|  | August 20, 2025 |  | August 29, 2025 |  | 0.0467 |
|  | September 22, 2025 |  | September 30, 2025 |  | 0.0467 |
Total Common Stock Distributions |  | $ | 0.1401 |

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