v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock Par Value
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Cumulative Earnings
Cumulative Distributions to Stockholders
Balance at beginning of period at Dec. 31, 2024 $ 2,122,509 $ 601,467 $ 1,037 $ 5,936,609 $ (320,524) $ 1,648,785 $ (5,744,865)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (79,055)         (79,055)  
Other comprehensive (loss) income before reclassifications 110,220       110,220    
Amounts reclassified from accumulated other comprehensive loss 46,952       46,952    
Other comprehensive (loss) income 157,172       157,172    
Issuance of common stock, net of offering costs 82     82      
Preferred dividends declared (13,186)           (13,186)
Common dividends declared (47,256)           (47,256)
Non-cash equity award compensation 6,523   3 6,520      
Balance at end of period at Mar. 31, 2025 2,146,789 601,467 1,040 5,943,211 (163,352) 1,569,730 (5,805,307)
Balance at beginning of period at Dec. 31, 2024 2,122,509 601,467 1,037 5,936,609 (320,524) 1,648,785 (5,744,865)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive (loss) income 207,645            
Balance at end of period at Jun. 30, 2025 1,886,026 601,467 1,041 5,945,210 (112,879) 1,310,689 (5,859,502)
Balance at beginning of period at Mar. 31, 2025 2,146,789 601,467 1,040 5,943,211 (163,352) 1,569,730 (5,805,307)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (259,041)         (259,041)  
Other comprehensive (loss) income before reclassifications 33,113       33,113    
Amounts reclassified from accumulated other comprehensive loss 17,360       17,360    
Other comprehensive (loss) income 50,473       50,473    
Issuance of common stock, net of offering costs 68     68      
Preferred dividends declared (13,239)           (13,239)
Common dividends declared (40,956)           (40,956)
Non-cash equity award compensation 1,932   1 1,931      
Balance at end of period at Jun. 30, 2025 1,886,026 601,467 1,041 5,945,210 (112,879) 1,310,689 (5,859,502)
Balance at beginning of period at Dec. 31, 2025 1,787,927 601,467 1,048 5,948,478 (87) 1,194,485 (5,957,464)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 32,284         32,284  
Other comprehensive (loss) income before reclassifications (56,580)       (56,580)    
Amounts reclassified from accumulated other comprehensive loss 12,389       12,389    
Other comprehensive (loss) income (44,191)       (44,191)    
Issuance of common stock, net of offering costs 41     41      
Preferred dividends declared (12,807)           (12,807)
Common dividends declared (36,097)           (36,097)
Non-cash equity award compensation 4,422   2 4,420      
Balance at end of period at Mar. 31, 2026 1,731,579 601,467 1,050 5,952,939 (44,278) 1,226,769 (6,006,368)
Balance at beginning of period at Dec. 31, 2025 1,787,927 601,467 1,048 5,948,478 (87) 1,194,485 (5,957,464)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive (loss) income (45,649)            
Balance at end of period at Jun. 30, 2026 1,744,885 601,467 1,051 5,954,412 (45,736) 1,289,014 (6,055,323)
Balance at beginning of period at Mar. 31, 2026 1,731,579 601,467 1,050 5,952,939 (44,278) 1,226,769 (6,006,368)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 62,245         62,245  
Other comprehensive (loss) income before reclassifications (2,611)       (2,611)    
Amounts reclassified from accumulated other comprehensive loss 1,153       1,153    
Other comprehensive (loss) income (1,458)       (1,458)    
Issuance of common stock, net of offering costs 38     38      
Preferred dividends declared (12,866)           (12,866)
Common dividends declared (36,089)           (36,089)
Non-cash equity award compensation 1,436   1 1,435      
Balance at end of period at Jun. 30, 2026 $ 1,744,885 $ 601,467 $ 1,051 $ 5,954,412 $ (45,736) $ 1,289,014 $ (6,055,323)