Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non-controlling interests
Beginning balance (in shares) at Dec. 31, 2021   85,327,000        
Beginning balance at Dec. 31, 2021 $ 1,566,515 $ 853 $ 1,727,667 $ (193,706) $ 9,904 $ 21,797
Ending balance (in shares) at Jun. 30, 2022   87,490,000        
Ending balance at Jun. 30, 2022 1,591,515 $ 875 1,811,889 (232,590) (22,132) 33,473
Beginning balance (in shares) at Dec. 31, 2021   85,327,000        
Beginning balance at Dec. 31, 2021 1,566,515 $ 853 1,727,667 (193,706) 9,904 21,797
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 62,107     61,431   676
Unrealized gain (loss) on available-for-sale securities and securitization assets (56,855)       (56,236) (619)
Unrealized gain (loss) on interest rate swaps 31,910       31,563 347
Issued shares of common stock (in shares)   3,126,000        
Issued shares of common stock 126,827 $ 31 126,796      
Equity-based compensation 17,994   2,545     15,449
Conversion of Convertible Notes (in shares)   283,000        
Conversion of Convertible Notes 7,674 $ 3 7,671      
Issuance (repurchase) of vested equity-based compensation shares (in shares)   103,000        
Issuance (repurchase) of vested equity-based compensation shares (3,212) $ 1 (3,213)      
Dividends and distributions (101,934)     (99,142)   (2,792)
Ending balance (in shares) at Sep. 30, 2022   88,839,000        
Ending balance at Sep. 30, 2022 1,651,026 $ 888 1,861,466 (231,417) (14,769) 34,858
Beginning balance (in shares) at Jun. 30, 2022   87,490,000        
Beginning balance at Jun. 30, 2022 1,591,515 $ 875 1,811,889 (232,590) (22,132) 33,473
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 34,941     34,534   407
Unrealized gain (loss) on available-for-sale securities and securitization assets (12,697)       (12,516) (181)
Unrealized gain (loss) on interest rate swaps 20,109       19,879 230
Issued shares of common stock (in shares)   1,346,000        
Issued shares of common stock 49,033 $ 13 49,020      
Equity-based compensation 2,060   606     1,454
Issuance (repurchase) of vested equity-based compensation shares (in shares)   3,000        
Issuance (repurchase) of vested equity-based compensation shares (49)   (49)      
Dividends and distributions (33,886)     (33,361)   (525)
Ending balance (in shares) at Sep. 30, 2022   88,839,000        
Ending balance at Sep. 30, 2022 $ 1,651,026 $ 888 1,861,466 (231,417) (14,769) 34,858
Ending balance (in shares) at Dec. 31, 2022 90,837,008 90,837,000        
Ending balance at Dec. 31, 2022 $ 1,664,746 $ 908 1,924,200 (285,474) (10,397) 35,509
Ending balance (in shares) at Jun. 30, 2023   106,769,000        
Ending balance at Jun. 30, 2023 $ 1,993,908 $ 1,068 2,283,257 (326,413) (8,002) 43,998
Beginning balance (in shares) at Dec. 31, 2022 90,837,008 90,837,000        
Beginning balance at Dec. 31, 2022 $ 1,664,746 $ 908 1,924,200 (285,474) (10,397) 35,509
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 59,767     59,075   692
Unrealized gain (loss) on available-for-sale securities and securitization assets (17,046)       (16,841) (205)
Unrealized gain (loss) on interest rate swaps 75,481       74,502 979
Issued shares of common stock (in shares)   20,261,000        
Issued shares of common stock 466,393 $ 203 466,190      
Equity-based compensation 14,977   2,363     12,614
Conversion of Convertible Notes 2   2      
Issuance (repurchase) of vested equity-based compensation shares (in shares)   68,000        
Issuance (repurchase) of vested equity-based compensation shares (1,466) $ 1 (1,467)      
Purchase of capped calls (37,835)   (37,835)      
Dividends and distributions $ (125,125)     (122,530)   (2,595)
Ending balance (in shares) at Sep. 30, 2023 111,167,157 111,166,000        
Ending balance at Sep. 30, 2023 $ 2,099,894 $ 1,112 2,353,453 (348,929) 47,264 46,994
Beginning balance (in shares) at Jun. 30, 2023   106,769,000        
Beginning balance at Jun. 30, 2023 1,993,908 $ 1,068 2,283,257 (326,413) (8,002) 43,998
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 21,647     21,446   201
Unrealized gain (loss) on available-for-sale securities and securitization assets (20,614)       (20,363) (251)
Unrealized gain (loss) on interest rate swaps 76,597       75,629 968
Issued shares of common stock (in shares)   4,394,000        
Issued shares of common stock 107,420 $ 44 107,376      
Equity-based compensation 3,499   688     2,811
Issuance (repurchase) of vested equity-based compensation shares (in shares)   3,000        
Issuance (repurchase) of vested equity-based compensation shares (33)   (33)      
Purchase of capped calls (37,835)   (37,835)      
Dividends and distributions $ (44,695)     (43,962)   (733)
Ending balance (in shares) at Sep. 30, 2023 111,167,157 111,166,000        
Ending balance at Sep. 30, 2023 $ 2,099,894 $ 1,112 $ 2,353,453 $ (348,929) $ 47,264 $ 46,994