Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

v3.24.3
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, 2022   90,837,000        
Beginning 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   90,837,000        
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
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)      
Conversion of Convertible Notes 2   2      
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   111,166,000        
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   111,166,000        
Ending balance at Sep. 30, 2023 $ 2,099,894 $ 1,112 2,353,453 (348,929) 47,264 46,994
Ending balance (in shares) at Dec. 31, 2023 112,174,279 112,174,000        
Ending balance at Dec. 31, 2023 $ 2,141,625 $ 1,122 2,381,510 (303,536) 13,165 49,364
Ending balance (in shares) at Jun. 30, 2024   115,152,000        
Ending balance at Jun. 30, 2024 $ 2,323,167 $ 1,152 2,467,512 (249,277) 41,052 62,728
Beginning balance (in shares) at Dec. 31, 2023 112,174,279 112,174,000        
Beginning balance at Dec. 31, 2023 $ 2,141,625 $ 1,122 2,381,510 (303,536) 13,165 49,364
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 132,316     129,949   2,367
Unrealized gain (loss) on available-for-sale securities and securitization assets 3,897       3,830 67
Unrealized gain (loss) on interest rate swaps (9,624)       (9,458) (166)
Issued shares of common stock (in shares)   5,997,000        
Issued shares of common stock 182,179 $ 60 182,119      
Equity-based compensation 19,002   3,145     15,857
Issuance (repurchase) of vested equity-based compensation shares (in shares)   24,000        
Issuance (repurchase) of vested equity-based compensation shares (502)   (502)      
Other 1,382   1,382      
Dividends and distributions $ (147,176)     (144,497)   (2,679)
Ending balance (in shares) at Sep. 30, 2024 118,194,568 118,195,000        
Ending balance at Sep. 30, 2024 $ 2,323,099 $ 1,182 2,567,654 (318,084) 7,537 64,810
Beginning balance (in shares) at Jun. 30, 2024   115,152,000        
Beginning balance at Jun. 30, 2024 2,323,167 $ 1,152 2,467,512 (249,277) 41,052 62,728
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (19,176)     (19,616)   440
Unrealized gain (loss) on available-for-sale securities and securitization assets 13,547       13,357 190
Unrealized gain (loss) on interest rate swaps (47,520)       (46,872) (648)
Issued shares of common stock (in shares)   3,041,000        
Issued shares of common stock 97,708 $ 30 97,678      
Equity-based compensation 4,119   1,118     3,001
Issuance (repurchase) of vested equity-based compensation shares (in shares)   2,000        
Issuance (repurchase) of vested equity-based compensation shares (36)   (36)      
Other 1,382   1,382      
Dividends and distributions $ (50,092)     (49,191)   (901)
Ending balance (in shares) at Sep. 30, 2024 118,194,568 118,195,000        
Ending balance at Sep. 30, 2024 $ 2,323,099 $ 1,182 $ 2,567,654 $ (318,084) $ 7,537 $ 64,810