v3.26.1
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, 2024   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) 58,185     56,612   1,573
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts 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   120,709,000        
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   118,960,000        
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 Dec. 31, 2025 127,644,496 127,644,000        
Ending balance at Dec. 31, 2025 $ 2,657,869 $ 1,276 2,849,597 (323,071) 47,076 82,991
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (73,742)     (71,965)   (1,777)
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts (10,116)       (10,093) (23)
Unrealized gain (loss) on interest rate swaps 1,867       1,744 123
Issued shares of common stock (in shares)   76,000        
Issued shares of common stock 2,516 $ 1 2,515      
Equity-based compensation 15,178   1,583     13,595
Other (in shares)   81,000        
Other (908) $ 1 (909)      
Dividends and distributions $ (57,850)     (54,869)   (2,981)
Ending balance (in shares) at Mar. 31, 2026 127,801,066 127,801,000        
Ending balance at Mar. 31, 2026 $ 2,534,814 $ 1,278 $ 2,852,786 $ (449,905) $ 38,727 $ 91,928