v3.26.1
CONSOLIDATED STATEMENTS 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, 2024   6,847,000        
Beginning balance, common (in shares) at Dec. 31, 2024     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 Income (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)     (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      
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 Dec. 31, 2024   6,847,000        
Beginning balance, common (in shares) at Dec. 31, 2024     62,412,000      
Beginning balance at Dec. 31, 2024 $ 1,361,415 $ 7 $ 62 4,585,739 (2,383,539) (840,854)
Ending balance, preferred (in shares) at Dec. 31, 2025 7,048,000 7,048,000        
Ending balance, common (in shares) at Dec. 31, 2025 111,915,000   111,915,000      
Ending balance at Dec. 31, 2025 $ 2,261,053 $ 7 $ 112 5,446,152 (2,667,051) (518,167)
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 Income (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      
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 Dec. 31, 2025 7,048,000 7,048,000        
Beginning balance, common (in shares) at Dec. 31, 2025 111,915,000   111,915,000      
Beginning balance at Dec. 31, 2025 $ 2,261,053 $ 7 $ 112 5,446,152 (2,667,051) (518,167)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income (loss) 59,965         59,965
Issuance of Preferred stock, net (in shares)   505,000        
Issuance of Preferred stock, net 10,475     10,475    
Issuance of common stock, net (in shares)     24,540,000      
Issuance of common stock, net 434,107   $ 24 434,083    
Stock based compensation, net of withholding requirements (in shares)     41,000      
Stock based compensation, net of withholding requirements $ 1,329     1,329    
Common stock repurchased (in shares) 0   (125,000)      
Common stock repurchased $ (2,013)     (2,013)    
Preferred stock dividends (6,439)       (6,439)  
Common stock dividends $ (179,383)       (179,383)  
Ending balance, preferred (in shares) at Jun. 30, 2026 7,553,000 7,553,000        
Ending balance, common (in shares) at Jun. 30, 2026 136,371,000   136,371,000      
Ending balance at Jun. 30, 2026 $ 2,579,094 $ 7 $ 136 5,890,026 (2,852,873) (458,202)
Beginning balance, preferred (in shares) at Mar. 31, 2026   7,355,000        
Beginning balance, common (in shares) at Mar. 31, 2026     123,630,000      
Beginning balance at Mar. 31, 2026 2,337,024 $ 7 $ 124 5,666,414 (2,756,503) (573,018)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income (loss) 114,816         114,816
Issuance of Preferred stock, net (in shares)   198,000        
Issuance of Preferred stock, net 4,117     4,117    
Issuance of common stock, net (in shares)     12,718,000      
Issuance of common stock, net 218,737   $ 12 218,725    
Stock based compensation, net of withholding requirements (in shares)     23,000      
Stock based compensation, net of withholding requirements 770     770    
Preferred stock dividends (3,264)       (3,264)  
Common stock dividends $ (93,106)       (93,106)  
Ending balance, preferred (in shares) at Jun. 30, 2026 7,553,000 7,553,000        
Ending balance, common (in shares) at Jun. 30, 2026 136,371,000   136,371,000      
Ending balance at Jun. 30, 2026 $ 2,579,094 $ 7 $ 136 $ 5,890,026 $ (2,852,873) $ (458,202)