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SUBSEQUENT EVENTS
 9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Financing Activity
Equity Activity—Equity Issuances
The following table provides information on equity sales that occurred subsequent to September 30, 2025 (dollars in thousands, except per-share amounts):
Type of IssuanceNumber of
Shares Sold		Weighted Average Offering Price
Per Share		Gross Proceeds
Net Proceeds(1)
Common Stock – ATM Program$959,432 $9.26 $8,884 $8,795 
(1)Net of underwriting discounts and commissions.
Distributions
On October 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:October 24, 2025October 31, 2025$0.125 
November 17, 2025November 26, 20250.125 
December 22, 2025December 31, 20250.125 
Total Series B Preferred Stock Distributions:$0.375 
Series C Preferred Stock:October 24, 2025October 31, 2025$0.125 
November 17, 2025November 26, 20250.125 
December 22, 2025December 31, 20250.125 
Total Series C Preferred Stock Distributions:$0.375 
Series D Term Preferred Stock:October 24, 2025October 31, 2025$0.104167 
November 17, 2025November 26, 20250.104167 
December 22, 2025December 31, 20250.104167 
Total Series D Term Preferred Stock Distributions:$0.312501 
Series E Preferred Stock:October 27, 2025November 5, 2025$0.104167 
November 25, 2025December 5, 20250.104167 
December 29, 2025January 5, 20260.104167 
Total Series E Preferred Stock Distributions:$0.312501 
Common Stock:October 24, 2025October 31, 2025$0.0467 
November 17, 2025November 26, 20250.0467 
December 22, 2025December 31, 20250.0467 
Total Common Stock Distributions$0.1401