v3.25.2
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
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 151,492     149,566   1,926
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts (9,650)       (9,527) (123)
Unrealized gain (loss) on interest rate swaps 37,896       37,414 482
Issued shares of common stock (in shares)   2,956,000        
Issued shares of common stock 84,471 $ 30 84,441      
Equity-based compensation 14,883   2,027     12,856
Issuance (repurchase) of vested equity-based compensation shares (in shares)   22,000        
Issuance (repurchase) of vested equity-based compensation shares (466)   (466)      
Dividends and distributions (97,084)     (95,307)   (1,777)
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 Mar. 31, 2024   113,476,000        
Beginning balance at Mar. 31, 2024 2,273,415 $ 1,135 2,415,118 (227,820) 29,111 55,871
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 26,944     26,541   403
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts (4,562)       (4,502) (60)
Unrealized gain (loss) on interest rate swaps 16,666       16,443 223
Issued shares of common stock (in shares)   1,663,000        
Issued shares of common stock 51,628 $ 17 51,611      
Equity-based compensation 8,281   1,091     7,190
Issuance (repurchase) of vested equity-based compensation shares (in shares)   13,000        
Issuance (repurchase) of vested equity-based compensation shares (308)   (308)      
Dividends and distributions (48,897)     (47,998)   (899)
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, 2024 118,960,353 118,960,000        
Beginning balance at Dec. 31, 2024 $ 2,405,075 $ 1,190 2,592,964 (297,499) 40,101 68,319
Ending balance (in shares) at Mar. 31, 2025   120,709,000        
Ending balance at Mar. 31, 2025 $ 2,470,744 $ 1,207 2,646,415 (291,895) 37,675 77,342
Beginning balance (in shares) at Dec. 31, 2024 118,960,353 118,960,000        
Beginning 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) 157,980     155,057   2,923
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts 7,307       7,176 131
Unrealized gain (loss) on interest rate swaps (16,840)       (16,539) (301)
Issued shares of common stock (in shares)   4,485,000        
Issued shares of common stock 122,728 $ 44 122,684      
Equity-based compensation 15,420   2,383     13,037
Other (in shares)   133,000        
Other 1,977 $ 2 5,605     (3,630)
Dividends and distributions $ (105,012)     (102,950)   (2,062)
Ending balance (in shares) at Jun. 30, 2025 123,577,987 123,578,000        
Ending balance at Jun. 30, 2025 $ 2,588,635 $ 1,236 2,723,636 (245,392) 30,738 78,417
Beginning balance (in shares) at Mar. 31, 2025   120,709,000        
Beginning balance at Mar. 31, 2025 2,470,744 $ 1,207 2,646,415 (291,895) 37,675 77,342
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 99,795     98,445   1,350
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts 1,877       1,834 43
Unrealized gain (loss) on interest rate swaps (8,945)       (8,771) (174)
Issued shares of common stock (in shares)   2,755,000        
Issued shares of common stock 73,261 $ 27 73,234      
Equity-based compensation 5,596   1,086     4,510
Other (in shares)   114,000        
Other (727) $ 2 2,901     (3,630)
Dividends and distributions $ (52,966)     (51,942)   (1,024)
Ending balance (in shares) at Jun. 30, 2025 123,577,987 123,578,000        
Ending balance at Jun. 30, 2025 $ 2,588,635 $ 1,236 $ 2,723,636 $ (245,392) $ 30,738 $ 78,417