Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

v3.25.1
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, 2023   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) 124,548     123,025   1,523
Unrealized gain (loss) on available-for-sale securities and securitization assets (5,088)       (5,025) (63)
Unrealized gain (loss) on interest rate swaps 21,231       20,971 260
Issued shares of common stock (in shares)   1,293,000        
Issued shares of common stock 32,843 $ 13 32,830      
Equity-based compensation 6,602   936     5,666
Issuance (repurchase) of vested equity-based compensation shares (in shares)   9,000        
Issuance (repurchase) of vested equity-based compensation shares (158)   (158)      
Dividends and distributions (48,188)     (47,309)   (879)
Ending balance (in shares) at Mar. 31, 2024   113,476,000        
Ending balance at Mar. 31, 2024 2,273,415 $ 1,135 2,415,118 (227,820) 29,111 55,871
Beginning balance (in shares) at Dec. 31, 2023   112,174,000        
Beginning balance at Dec. 31, 2023 $ 2,141,625 $ 1,122 2,381,510 (303,536) 13,165 49,364
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 58,185     56,612   1,573
Unrealized gain (loss) on available-for-sale securities and securitization assets 5,430       5,343 87
Unrealized gain (loss) on interest rate swaps (7,895)       (7,769) (126)
Issued shares of common stock (in shares)   1,729,000        
Issued shares of common stock 49,467 $ 17 49,450      
Equity-based compensation 9,824   1,297     8,527
Issuance (repurchase) of vested equity-based compensation shares (in shares)   20,000        
Issuance (repurchase) of vested equity-based compensation shares (393)   (393)      
Other 3,097   3,097      
Dividends and distributions $ (52,046)     (51,008)   (1,038)
Ending balance (in shares) at Mar. 31, 2025 120,708,587 120,709,000        
Ending balance at Mar. 31, 2025 $ 2,470,744 $ 1,207 $ 2,646,415 $ (291,895) $ 37,675 $ 77,342