EQUITY AND EARNINGS PER SHARE (Details Narrative) (USD $)
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1 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 9 Months Ended | |||||||||||||||||||||||
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Oct. 31, 2014
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Jul. 31, 2014
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Apr. 30, 2014
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Sep. 30, 2014
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Jun. 30, 2014
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Mar. 31, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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Aug. 17, 2014
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Dec. 31, 2013
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Sep. 30, 2014
Series B Cumulative Redeemable Preferred Stock [Member]
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Jun. 30, 2014
Series B Cumulative Redeemable Preferred Stock [Member]
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Mar. 31, 2014
Series B Cumulative Redeemable Preferred Stock [Member]
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Sep. 30, 2014
Series C Cumulative Redeemable Preferred Stock [Member]
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Jun. 30, 2014
Series C Cumulative Redeemable Preferred Stock [Member]
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Mar. 31, 2014
Series C Cumulative Redeemable Preferred Stock [Member]
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Sep. 30, 2014
Series D Cumulative Redemable Preferred [Member]
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Jun. 30, 2014
Series D Cumulative Redemable Preferred [Member]
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Mar. 31, 2014
Series D Cumulative Redemable Preferred [Member]
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Aug. 31, 2014
Manager [Member]
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Aug. 27, 2014
Directors [Member]
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Jul. 31, 2014
Directors [Member]
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Sep. 30, 2014
Reverse Stock Split 1 [Member]
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Sep. 30, 2014
Reverse Stock Split 2 [Member]
Subsequent To Balance Sheet Date [Member]
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Reverse stock-split ratio | 0.167 | 0.33 | 0.50 | ||||||||||||||||||||||||||||
Stock split effective date | August 18, 2014 close of trading | October 22, 2014 close of trading | |||||||||||||||||||||||||||||
Common stock, shares issued | 66,399,857 | 66,399,857 | 398,000,000 | 58,575,583 | |||||||||||||||||||||||||||
Common stock, shares outstanding | 66,399,857 | 66,399,857 | 398,000,000 | 58,575,583 | |||||||||||||||||||||||||||
Risk free rate | 2.70% | ||||||||||||||||||||||||||||||
Dividend yield | 8.60% | ||||||||||||||||||||||||||||||
Volatility | 23.40% | ||||||||||||||||||||||||||||||
Expected term | 10 years | ||||||||||||||||||||||||||||||
Shares of common stock issued for compensation | 2,609 | ||||||||||||||||||||||||||||||
Strike price adjustment for spin-off | $ (5.34) | ||||||||||||||||||||||||||||||
Option conversion ratio in connection with reverse stock-split | 0.167 | ||||||||||||||||||||||||||||||
Percentage increase in strike price due to reverse stock-split | 600.00% | ||||||||||||||||||||||||||||||
Strike price adjustment for dividends | $ 1.92 | ||||||||||||||||||||||||||||||
Dividends Declared per Share of Common Stock | $ 0.60 | [1] | $ 0.60 | $ 0.60 | $ 0.60 | [1] | $ 1.80 | [1] | $ 2.94 | [1] | |||||||||||||||||||||
Dividends Declared per Share of Preferred Stock | $ 0.609375 | $ 0.609375 | $ 0.609375 | $ 0.503125 | $ 0.503125 | $ 0.503125 | $ 0.523438 | $ 0.523438 | $ 0.523438 | ||||||||||||||||||||||
Dividends paid | $ 41,200,000 | $ 36,600,000 | $ 36,500,000 | ||||||||||||||||||||||||||||
Options exercised | 333 | 201,666 | |||||||||||||||||||||||||||||
Weighted average exercise price of options exercised | $ 6.42 | $ 6.72 | |||||||||||||||||||||||||||||
Shares issued for option exercise | 254 | 160,342 | |||||||||||||||||||||||||||||
Intrinsic value of options exercised | $ 6,900 | $ 4,100,000 | |||||||||||||||||||||||||||||
Options forfeited | 14,775 | ||||||||||||||||||||||||||||||
Antidilutive common stock equivalents | 227,079 | ||||||||||||||||||||||||||||||
Dilutive common stock equivalents | 1,536,773 | 1,275,671 | 1,781,669 | 1,044,116 | |||||||||||||||||||||||||||
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