v3.25.2
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Cumulative Distributions to Stockholders
Accumulated Net Loss
Beginning balance, preferred (in shares) at Dec. 31, 2023   6,847,000        
Beginning balance, common (in shares) at Dec. 31, 2023     48,799,000      
Beginning balance at Dec. 31, 2023 $ 1,271,184 $ 7 $ 49 $ 4,318,155 $ (2,220,567) $ (826,460)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Loss (33,834)         (33,834)
Issuance of common stock, net (in shares)     2,000      
Issuance of common stock, net 36     36    
Stock based compensation, net of withholding requirements (in shares)     34,000      
Stock based compensation, net of withholding requirements 1,819     1,819    
Common stock repurchased (in shares)     (70,000)      
Common stock repurchased (1,344)     (1,344)    
Preferred stock dividends (5,991)       (5,991)  
Common stock dividends (70,578)       (70,578)  
Ending balance, preferred (in shares) at Jun. 30, 2024   6,847,000        
Ending balance, common (in shares) at Jun. 30, 2024     48,765,000      
Ending balance at Jun. 30, 2024 1,161,292 $ 7 $ 49 4,318,666 (2,297,136) (860,294)
Beginning balance, preferred (in shares) at Dec. 31, 2023   6,847,000        
Beginning balance, common (in shares) at Dec. 31, 2023     48,799,000      
Beginning balance at Dec. 31, 2023 $ 1,271,184 $ 7 $ 49 4,318,155 (2,220,567) (826,460)
Ending balance, preferred (in shares) at Dec. 31, 2024   6,847,000        
Ending balance, common (in shares) at Dec. 31, 2024 62,412,000   62,412,000      
Ending balance at Dec. 31, 2024 $ 1,361,415 $ 7 $ 62 4,585,739 (2,383,539) (840,854)
Beginning balance, preferred (in shares) at Mar. 31, 2024   6,847,000        
Beginning balance, common (in shares) at Mar. 31, 2024     48,752,000      
Beginning balance at Mar. 31, 2024 1,247,113 $ 7 $ 49 4,317,875 (2,258,874) (811,944)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Loss (48,350)         (48,350)
Issuance of common stock, net (in shares)     1,000      
Issuance of common stock, net 25     25    
Stock based compensation, net of withholding requirements (in shares)     12,000      
Stock based compensation, net of withholding requirements 766     766    
Preferred stock dividends (2,996)       (2,996)  
Common stock dividends (35,266)       (35,266)  
Ending balance, preferred (in shares) at Jun. 30, 2024   6,847,000        
Ending balance, common (in shares) at Jun. 30, 2024     48,765,000      
Ending balance at Jun. 30, 2024 $ 1,161,292 $ 7 $ 49 4,318,666 (2,297,136) (860,294)
Beginning balance, preferred (in shares) at Dec. 31, 2024   6,847,000        
Beginning balance, common (in shares) at Dec. 31, 2024 62,412,000   62,412,000      
Beginning balance at Dec. 31, 2024 $ 1,361,415 $ 7 $ 62 4,585,739 (2,383,539) (840,854)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Loss (48,276)         (48,276)
Issuance of Preferred stock, net (in shares)   17,000        
Issuance of Preferred stock, net 279     279    
Issuance of common stock, net (in shares)     26,300,000      
Issuance of common stock, net 476,101   $ 26 476,075    
Stock based compensation, net of withholding requirements (in shares)     26,000      
Stock based compensation, net of withholding requirements $ 986     986    
Common stock repurchased (in shares) 0   (667,000)      
Common stock repurchased $ (10,031)     (10,031)    
Preferred stock dividends (6,003)       (6,003)  
Common stock dividends $ (114,520)       (114,520)  
Ending balance, preferred (in shares) at Jun. 30, 2025   6,864,000        
Ending balance, common (in shares) at Jun. 30, 2025 88,071,000   88,071,000      
Ending balance at Jun. 30, 2025 $ 1,659,951 $ 7 $ 88 5,053,048 (2,504,062) (889,130)
Beginning balance, preferred (in shares) at Mar. 31, 2025   6,864,000        
Beginning balance, common (in shares) at Mar. 31, 2025     82,416,000      
Beginning balance at Mar. 31, 2025 1,703,846 $ 7 $ 82 4,957,900 (2,440,621) (813,522)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Loss (75,608)         (75,608)
Issuance of common stock, net (in shares)     6,306,000      
Issuance of common stock, net 104,664   $ 6 104,658    
Stock based compensation, net of withholding requirements (in shares)     16,000      
Stock based compensation, net of withholding requirements 521     521    
Common stock repurchased (in shares)     (667,000)      
Common stock repurchased (10,031)     (10,031)    
Preferred stock dividends (3,003)       (3,003)  
Common stock dividends $ (60,438)       (60,438)  
Ending balance, preferred (in shares) at Jun. 30, 2025   6,864,000        
Ending balance, common (in shares) at Jun. 30, 2025 88,071,000   88,071,000      
Ending balance at Jun. 30, 2025 $ 1,659,951 $ 7 $ 88 $ 5,053,048 $ (2,504,062) $ (889,130)