TWO Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Preferred Stock	Preferred Stock Preferred Stock	Common Stock	Common Stock Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Common Stock	Accumulated Other Comprehensive Income (Loss)	Cumulative Earnings	Cumulative Earnings Preferred Stock	Cumulative Distributions to Stockholders
Stockholders' equity at beginning of period at Dec. 31, 2020	$ 3,088,926			$ 977,501		$ 684		$ 5,165,847		$ 641,601	$ 1,025,756		$ (4,722,463)
Net income (loss)	187,227										187,227
Other comprehensive income (loss) before reclassifications	(319,694)									(319,694)
Amounts reclassified from accumulated other comprehensive income (loss)	135,561									(135,561)
Other comprehensive income (loss)	(455,255)									(455,255)
Redemption of preferred stock	(274,951)			(274,951)
Issuance of stock, net of offering costs	450,602					175		450,427
Preferred dividends declared	(58,458)												(58,458)
Common dividends declared	(205,623)												(205,623)
Non-cash equity award compensation	11,485					1		11,484
Stockholders' equity at end of period at Dec. 31, 2021	2,743,953			702,550		860		5,627,758		186,346	1,212,983		(4,986,544)
Net income (loss)	220,239										220,239
Other comprehensive income (loss) before reclassifications	(893,589)									(893,589)
Amounts reclassified from accumulated other comprehensive income (loss)	(428,532)									428,532
Other comprehensive income (loss)	(465,057)									(465,057)
Repurchase of stock		$ (51,402)			$ (71,551)							$ 20,149
Issuance of stock, net of offering costs	6,614					3		6,611
Preferred dividends declared	(53,607)												(53,607)
Common dividends declared	(228,845)												(228,845)
Non-cash equity award compensation	11,630					1		11,629
Stockholders' equity at end of period at Dec. 31, 2022	2,183,525			630,999		864		5,645,998		(278,711)	1,453,371		(5,268,996)
Net income (loss)	(106,371)										(106,371)
Other comprehensive income (loss) before reclassifications	(38,584)									(38,584)
Amounts reclassified from accumulated other comprehensive income (loss)	(140,866)									140,866
Other comprehensive income (loss)	102,282									102,282
Repurchase of stock		$ (14,813)	$ (7,056)		$ (17,786)		$ (6)		$ (7,050)			$ 2,973
Issuance of stock, net of offering costs	275,674					172		275,502
Preferred dividends declared	(48,607)												(48,607)
Common dividends declared	(192,220)												(192,220)
Non-cash equity award compensation	10,976					2		10,974
Stockholders' equity at end of period at Dec. 31, 2023	$ 2,203,390			$ 613,213		$ 1,032		$ 5,925,424		$ (176,429)	$ 1,349,973		$ (5,509,823)