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 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, 2021	$ 2,743,953	$ 702,550	$ 860	$ 5,627,758	$ 186,346	$ 1,212,983	$ (4,986,544)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	220,239					220,239
Other comprehensive income (loss) before reclassifications	(893,589)				(893,589)
Amounts reclassified from accumulated other comprehensive income	428,532				428,532
Other comprehensive income (loss)	(465,057)				(465,057)
Repurchase and retirement of preferred stock	(51,402)	(71,551)				20,149
Issuance of common 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
Balance 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(106,371)					(106,371)
Other comprehensive income (loss) before reclassifications	(38,584)				(38,584)
Amounts reclassified from accumulated other comprehensive income	140,866				140,866
Other comprehensive income (loss)	102,282				102,282
Repurchase and retirement of preferred stock	(14,813)	(17,786)				2,973
Issuance of common stock, net of offering costs	275,674		172	275,502
Repurchase of common stock	(7,056)		(6)	(7,050)
Preferred dividends declared	(48,607)						(48,607)
Common dividends declared	(192,220)						(192,220)
Non-cash equity award compensation	10,976		2	10,974
Balance 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	298,168					298,168
Other comprehensive income (loss) before reclassifications	(150,672)				(150,672)
Amounts reclassified from accumulated other comprehensive income	6,577				6,577
Other comprehensive income (loss)	(144,095)				(144,095)
Repurchase and retirement of preferred stock	(11,102)	(11,746)				644
Issuance of common stock, net of offering costs	244		1	243
Preferred dividends declared	(47,136)						(47,136)
Common dividends declared	(187,906)						(187,906)
Non-cash equity award compensation	10,946		4	10,942
Balance at end of period at Dec. 31, 2024	$ 2,122,509	$ 601,467	$ 1,037	$ 5,936,609	$ (320,524)	$ 1,648,785	$ (5,744,865)