CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (unaudited) - USD ($) $ in Thousands |
Total |
Preferred Stock |
Common Stock Par Value |
Additional Paid-in Capital |
Accumulated Other Comprehensive Income (Loss) |
Cumulative Earnings |
Cumulative Distributions to Stockholders |
Balance at beginning of period at Dec. 31, 2022 |
$ 2,183,525
|
$ 630,999
|
$ 864
|
$ 5,645,998
|
$ (278,711)
|
$ 1,453,371
|
$ (5,268,996)
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
Net income (loss) |
(176,808)
|
|
|
|
|
(176,808)
|
|
Other comprehensive income (loss) before reclassifications |
62,709
|
|
|
|
62,709
|
|
|
Amounts reclassified from accumulated other comprehensive income |
63,222
|
|
|
|
63,222
|
|
|
Other comprehensive income (loss) |
125,931
|
|
|
|
125,931
|
|
|
Issuance of common stock, net of offering costs |
177,729
|
|
102
|
177,627
|
|
|
|
Preferred dividends declared |
(12,365)
|
|
|
|
|
|
(12,365)
|
Common dividends declared |
(58,381)
|
|
|
|
|
|
(58,381)
|
Non-cash equity award compensation |
6,052
|
|
1
|
6,051
|
|
|
|
Balance at end of period at Mar. 31, 2023 |
2,245,683
|
630,999
|
967
|
5,829,676
|
(152,780)
|
1,276,563
|
(5,339,742)
|
Balance at beginning of period at Dec. 31, 2022 |
2,183,525
|
630,999
|
864
|
5,645,998
|
(278,711)
|
1,453,371
|
(5,268,996)
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
Other comprehensive income (loss) |
(381,297)
|
|
|
|
|
|
|
Balance at end of period at Sep. 30, 2023 |
2,117,228
|
618,579
|
962
|
5,826,133
|
(660,008)
|
1,782,654
|
(5,451,092)
|
Balance at beginning of period at Mar. 31, 2023 |
2,245,683
|
630,999
|
967
|
5,829,676
|
(152,780)
|
1,276,563
|
(5,339,742)
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
Net income (loss) |
197,445
|
|
|
|
|
197,445
|
|
Other comprehensive income (loss) before reclassifications |
(156,306)
|
|
|
|
(156,306)
|
|
|
Amounts reclassified from accumulated other comprehensive income |
0
|
|
|
|
|
|
|
Other comprehensive income (loss) |
(156,306)
|
|
|
|
(156,306)
|
|
|
Repurchase and retirement of preferred stock |
(9,966)
|
(12,420)
|
|
|
|
2,454
|
|
Issuance of common stock, net of offering costs |
149
|
|
|
149
|
|
|
|
Repurchase of common stock |
(7,056)
|
|
(6)
|
(7,050)
|
|
|
|
Preferred dividends declared |
(12,115)
|
|
|
|
|
|
(12,115)
|
Common dividends declared |
(43,560)
|
|
|
|
|
|
(43,560)
|
Non-cash equity award compensation |
1,735
|
|
1
|
1,734
|
|
|
|
Balance at end of period at Jun. 30, 2023 |
2,216,009
|
618,579
|
962
|
5,824,509
|
(309,086)
|
1,476,462
|
(5,395,417)
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
Net income (loss) |
306,192
|
|
|
|
|
306,192
|
|
Other comprehensive income (loss) before reclassifications |
(350,922)
|
|
|
|
(350,922)
|
|
|
Amounts reclassified from accumulated other comprehensive income |
0
|
|
|
|
|
|
|
Other comprehensive income (loss) |
(350,922)
|
|
|
|
(350,922)
|
|
|
Issuance of common stock, net of offering costs |
48
|
|
|
48
|
|
|
|
Preferred dividends declared |
(12,115)
|
|
|
|
|
|
(12,115)
|
Common dividends declared |
(43,560)
|
|
|
|
|
|
(43,560)
|
Non-cash equity award compensation |
1,576
|
|
|
1,576
|
|
|
|
Balance at end of period at Sep. 30, 2023 |
2,117,228
|
618,579
|
962
|
5,826,133
|
(660,008)
|
1,782,654
|
(5,451,092)
|
Balance at beginning of period at Dec. 31, 2023 |
2,203,390
|
613,213
|
1,032
|
5,925,424
|
(176,429)
|
1,349,973
|
(5,509,823)
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
Net income (loss) |
203,588
|
|
|
|
|
203,588
|
|
Other comprehensive income (loss) before reclassifications |
(109,658)
|
|
|
|
(109,658)
|
|
|
Amounts reclassified from accumulated other comprehensive income |
6,580
|
|
|
|
6,580
|
|
|
Other comprehensive income (loss) |
(103,078)
|
|
|
|
(103,078)
|
|
|
Repurchase and retirement of preferred stock |
(11,102)
|
(11,746)
|
|
|
|
644
|
|
Issuance of common stock, net of offering costs |
54
|
|
|
54
|
|
|
|
Preferred dividends declared |
(11,784)
|
|
|
|
|
|
(11,784)
|
Common dividends declared |
(47,081)
|
|
|
|
|
|
(47,081)
|
Non-cash equity award compensation |
6,083
|
|
3
|
6,080
|
|
|
|
Balance at end of period at Mar. 31, 2024 |
2,240,070
|
601,467
|
1,035
|
5,931,558
|
(279,507)
|
1,554,205
|
(5,568,688)
|
Balance at beginning of period at Dec. 31, 2023 |
2,203,390
|
613,213
|
1,032
|
5,925,424
|
(176,429)
|
1,349,973
|
(5,509,823)
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
Other comprehensive income (loss) |
122,470
|
|
|
|
|
|
|
Balance at end of period at Sep. 30, 2024 |
2,169,374
|
601,467
|
1,037
|
5,934,920
|
(53,959)
|
1,372,056
|
(5,686,147)
|
Balance at beginning of period at Mar. 31, 2024 |
2,240,070
|
601,467
|
1,035
|
5,931,558
|
(279,507)
|
1,554,205
|
(5,568,688)
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
Net income (loss) |
56,336
|
|
|
|
|
56,336
|
|
Other comprehensive income (loss) before reclassifications |
(53,466)
|
|
|
|
(53,466)
|
|
|
Amounts reclassified from accumulated other comprehensive income |
9,393
|
|
|
|
9,393
|
|
|
Other comprehensive income (loss) |
(44,073)
|
|
|
|
(44,073)
|
|
|
Issuance of common stock, net of offering costs |
50
|
|
|
50
|
|
|
|
Preferred dividends declared |
(11,784)
|
|
|
|
|
|
(11,784)
|
Common dividends declared |
(46,945)
|
|
|
|
|
|
(46,945)
|
Non-cash equity award compensation |
1,643
|
|
1
|
1,642
|
|
|
|
Balance at end of period at Jun. 30, 2024 |
2,195,297
|
601,467
|
1,036
|
5,933,250
|
(323,580)
|
1,610,541
|
(5,627,417)
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
Net income (loss) |
(238,485)
|
|
|
|
|
(238,485)
|
|
Other comprehensive income (loss) before reclassifications |
267,864
|
|
|
|
267,864
|
|
|
Amounts reclassified from accumulated other comprehensive income |
1,757
|
|
|
|
1,757
|
|
|
Other comprehensive income (loss) |
269,621
|
|
|
|
269,621
|
|
|
Issuance of common stock, net of offering costs |
61
|
|
1
|
60
|
|
|
|
Preferred dividends declared |
(11,784)
|
|
|
|
|
|
(11,784)
|
Common dividends declared |
(46,946)
|
|
|
|
|
|
(46,946)
|
Non-cash equity award compensation |
1,610
|
|
|
1,610
|
|
|
|
Balance at end of period at Sep. 30, 2024 |
$ 2,169,374
|
$ 601,467
|
$ 1,037
|
$ 5,934,920
|
$ (53,959)
|
$ 1,372,056
|
$ (5,686,147)
|