v3.26.1
Consolidated Statements of Shareholders' Equity Statement - USD ($)
Total
Preferred Stock
Preferred Stock Including Additional Paid in Capital
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Balance, Preferred shares outstanding (in shares) at Dec. 31, 2024   4,460,000          
Balance, Common shares outstanding at Dec. 31, 2024       84,491,800      
Balance, Preferred shares outstanding (in shares) at Jun. 30, 2025   4,460,000          
Balance, Common shares outstanding at Jun. 30, 2025       125,358,375      
Balance at Dec. 31, 2024 $ 1,184,936,000   $ 107,843,000 $ 845,000 $ 1,742,471,000 $ (172,489,000) $ (493,734,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock issuance, shares       40,712,768      
Stock issuance, value 521,807,000     $ 407,000 521,400,000    
Share-based compensation, net of amortization, after forfeitures, shares       212,953      
Shared-based compensation, net of amortization, after forfeitures, value 5,515,000     $ 2,000 5,513,000    
Adjustments for tax withholding on share based compensation (in shares)       (59,146)      
Adjustments for tax withholding on share-based compensation (1,181,000)     $ (1,000) 1,180,000    
Stock issuance costs (61,000)       61,000    
Net income (loss) (16,682,000)           (16,682,000)
Preferred stock dividends (4,603,000)           (4,603,000)
Dividends on common stock (103,192,000)           (103,192,000)
Other comprehensive income (loss) 23,454,000         23,454,000  
Balance at Jun. 30, 2025 1,609,993,000   107,843,000 $ 1,253,000 2,268,143,000 (149,035,000) (618,211,000)
Balance, Preferred shares outstanding (in shares) at Mar. 31, 2025   4,460,000          
Balance, Common shares outstanding at Mar. 31, 2025       102,226,355      
Balance, Preferred shares outstanding (in shares) at Jun. 30, 2025   4,460,000          
Balance, Common shares outstanding at Jun. 30, 2025       125,358,375      
Balance at Mar. 31, 2025 1,395,915,000   107,843,000 $ 1,022,000 1,982,781,000 (153,099,000) (542,632,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock issuance, shares       23,107,769      
Stock issuance, value 282,149,000     $ 231,000 281,918,000    
Share-based compensation, net of amortization, after forfeitures, shares       24,251      
Shared-based compensation, net of amortization, after forfeitures, value 3,486,000     $ 0 3,486,000    
Stock issuance costs (42,000)       42,000    
Net income (loss) (13,606,000)           (13,606,000)
Preferred stock dividends (2,680,000)           (2,680,000)
Dividends on common stock (59,293,000)           (59,293,000)
Other comprehensive income (loss) 4,064,000         4,064,000  
Balance at Jun. 30, 2025 $ 1,609,993,000   107,843,000 $ 1,253,000 2,268,143,000 (149,035,000) (618,211,000)
Balance, Preferred shares outstanding (in shares) at Dec. 31, 2025 4,460,000 4,460,000          
Balance, Common shares outstanding at Dec. 31, 2025 174,814,912     174,814,912      
Balance, Preferred shares outstanding (in shares) at Jun. 30, 2026 4,460,000 4,460,000          
Balance, Common shares outstanding at Jun. 30, 2026 237,414,259     237,414,259      
Balance at Dec. 31, 2025 $ 2,462,144,000   107,843,000 $ 1,748,000 2,921,551,000 (127,061,000) (441,937,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock issuance, shares       62,149,933      
Stock issuance, value 833,006,000     $ 621,000 832,385,000    
Share-based compensation, net of amortization, after forfeitures, shares       754,855      
Shared-based compensation, net of amortization, after forfeitures, value 10,493,000     $ 8,000 10,485,000    
Adjustments for tax withholding on share based compensation (in shares)       (305,441)      
Adjustments for tax withholding on share-based compensation (4,144,000)     $ (3,000) 4,141,000    
Stock issuance costs (157,000)       157,000    
Net income (loss) 100,429,000           100,429,000
Preferred stock dividends (5,307,000)           (5,307,000)
Dividends on common stock (220,384,000)           (220,384,000)
Other comprehensive income (loss) (1,013,000)         (1,013,000)  
Balance at Jun. 30, 2026 $ 3,175,067,000   107,843,000 $ 2,374,000 3,760,123,000 (128,074,000) (567,199,000)
Balance, Preferred shares outstanding (in shares) at Mar. 31, 2026   4,460,000          
Balance, Common shares outstanding at Mar. 31, 2026       207,154,465      
Balance, Preferred shares outstanding (in shares) at Jun. 30, 2026 4,460,000 4,460,000          
Balance, Common shares outstanding at Jun. 30, 2026 237,414,259     237,414,259      
Balance at Mar. 31, 2026 $ 2,721,270,000   107,843,000 $ 2,072,000 3,368,130,000 (127,209,000) (629,566,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock issuance, shares       30,048,568      
Stock issuance, value 391,264,000     $ 300,000 390,964,000    
Share-based compensation, net of amortization, after forfeitures, shares       347,909      
Shared-based compensation, net of amortization, after forfeitures, value 2,826,000     $ 3,000 2,823,000    
Adjustments for tax withholding on share based compensation (in shares)       (136,683)      
Adjustments for tax withholding on share-based compensation (1,777,000)     $ (1,000) (1,776,000)    
Stock issuance costs (18,000)       (18,000)    
Net income (loss) 180,793,000           180,793,000
Preferred stock dividends (2,650,000)           (2,650,000)
Dividends on common stock (115,776,000)           (115,776,000)
Other comprehensive income (loss) (865,000)         (865,000)  
Balance at Jun. 30, 2026 $ 3,175,067,000   $ 107,843,000 $ 2,374,000 $ 3,760,123,000 $ (128,074,000) $ (567,199,000)