v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Allowance for credit loss [1] $ 49,173 $ 38,302
Common stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 900,000,000 900,000,000
Common stock, shares issued (in shares) 77,214,904 81,553,982
Common stock, shares outstanding (in shares) 77,214,904 81,553,982
Pledged assets $ 21,600 $ 20,200
Collaterized loan obligation    
Allowance for credit loss 13,100 15,400
CLO cash held by servicer $ 79,100 $ 50,500
Series H Preferred Stock    
Preferred stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 20,000 20,000
Preferred stock, shares outstanding (in shares) 17,950 17,950
Preferred stock, shares issued (in shares) 17,950 17,950
Series E Preferred Stock    
Preferred stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 100,000,000 100,000,000
Preferred stock, shares outstanding (in shares) 10,329,039 10,329,039
Preferred stock, shares issued (in shares) 10,329,039 10,329,039
Preferred stock dividend rate percentage 7.50% 7.50%
Commercial Mortgage Receivable, Held-For-Investment    
Pledged assets $ 1,200,000 $ 855,200
Commercial Mortgage Loans Held For Sale    
Pledged assets 409,400 329,200
CMBS Bonds    
Amortized cost 179,768 151,946
Pledged assets $ 178,700 $ 151,700
[1] Includes pledged assets of $409.4 million and $329.2 million as of March 31, 2026 and December 31, 2025, respectively.