Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
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) 41,911     41,502   409
Unrealized gain (loss) on available-for-sale securities (63,935)       (63,211) (724)
Unrealized gain (loss) on interest rate swaps 43,401       42,910 491
Issued shares of common stock (in shares)   5,121,000        
Issued shares of common stock 188,882 $ 51 188,831      
Equity-based compensation 20,101   3,159     16,942
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)      
Other (in shares)   286,000        
Other 7,674 $ 3 7,756     (85)
Dividends and distributions (136,591)     (133,270)   (3,321)
Ending balance (in shares) at Dec. 31, 2022   90,837,000        
Ending 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) 150,757     148,836   1,921
Unrealized gain (loss) on available-for-sale securities 12,761       12,935 (174)
Unrealized gain (loss) on interest rate swaps 10,764       10,627 137
Issued shares of common stock (in shares)   21,267,000        
Issued shares of common stock 493,757 $ 213 493,544      
Equity-based compensation 18,385   3,089     15,296
Issuance (repurchase) of vested equity-based compensation shares (in shares)   69,000        
Issuance (repurchase) of vested equity-based compensation shares (1,489) $ 1 (1,490)      
Conversion of convertible notes 2   2      
Purchase of capped calls (37,835)   (37,835)      
Dividends and distributions $ (170,223)     (166,898)   (3,325)
Ending balance (in shares) at Dec. 31, 2023 112,174,279 112,173,000        
Ending balance at Dec. 31, 2023 $ 2,141,625 $ 1,122 2,381,510 (303,536) 13,165 49,364
Beginning balance (in shares) at Dec. 31, 2023 112,174,279 112,173,000        
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) 203,628     200,037   3,591
Unrealized gain (loss) on available-for-sale securities (11,754)       (11,546) (208)
Unrealized gain (loss) on interest rate swaps 39,173       38,482 691
Issued shares of common stock (in shares)   6,750,000        
Issued shares of common stock 205,985 $ 68 205,917      
Equity-based compensation 23,151   4,293     18,858
Issuance (repurchase) of vested equity-based compensation shares (in shares)   27,000        
Issuance (repurchase) of vested equity-based compensation shares (530)   (530)      
Other (in shares)   10,000        
Other 1,371   1,774     (403)
Dividends and distributions $ (197,574)     (194,000)   (3,574)
Ending balance (in shares) at Dec. 31, 2024 118,960,353 118,960,000        
Ending balance at Dec. 31, 2024 $ 2,405,075 $ 1,190 2,592,964 (297,499) 40,101 68,319
Ending balance (in shares) at Dec. 31, 2024 118,960,353 118,960,000        
Ending balance at Dec. 31, 2024 $ 2,405,075 $ 1,190 $ 2,592,964 $ (297,499) $ 40,101 $ 68,319