v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Series C Preferred Stock
Preferred Stock
Series C Preferred Stock
Common Stock
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Distributions in excess of earnings)
Beginning balance (in shares) at Dec. 31, 2024     7,206,659        
Beginning balance (in shares) at Dec. 31, 2024       61,729,693      
Beginning balance at Dec. 31, 2024 $ 730,729   $ 174,281 $ 617 $ 4,127,807 $ 173 $ (3,572,149)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 19,641           19,641
Other comprehensive income (loss) 616         616  
Proceeds from issuance of common stock, net of offering costs (in shares)       4,212,057      
Proceeds from issuance of common stock, net of offering costs 35,956     $ 42 35,914    
Stock awards (in shares)       745      
Stock awards 0            
Repurchase and retirement of preferred stock (in shares)     (90,146)        
Repurchase and retirement of preferred stock (2,191)   $ (2,180)       (11)
Common stock dividends (22,420)           (22,420)
Preferred stock dividends (3,341)           (3,341)
Amortization of equity-based compensation 176       176    
Ending balance (in shares) at Mar. 31, 2025     7,116,513        
Ending balance (in shares) at Mar. 31, 2025       65,942,495      
Ending balance at Mar. 31, 2025 759,166   $ 172,101 $ 659 4,163,897 789 (3,578,280)
Beginning balance (in shares) at Dec. 31, 2024     7,206,659        
Beginning balance (in shares) at Dec. 31, 2024       61,729,693      
Beginning balance at Dec. 31, 2024 730,729   $ 174,281 $ 617 4,127,807 173 (3,572,149)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (3,686)            
Other comprehensive income (loss) (173)            
Repurchase and retirement of preferred stock (in shares)   (186,949)          
Ending balance (in shares) at Jun. 30, 2025     7,019,710        
Ending balance (in shares) at Jun. 30, 2025       66,307,379      
Ending balance at Jun. 30, 2025 709,376   $ 169,760 $ 663 4,166,345 0 (3,627,392)
Beginning balance (in shares) at Mar. 31, 2025     7,116,513        
Beginning balance (in shares) at Mar. 31, 2025       65,942,495      
Beginning balance at Mar. 31, 2025 759,166   $ 172,101 $ 659 4,163,897 789 (3,578,280)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (23,327)           (23,327)
Other comprehensive income (loss) (789)         (789)  
Proceeds from issuance of common stock, net of offering costs (in shares)       282,750      
Proceeds from issuance of common stock, net of offering costs 2,279     $ 3 2,276    
Stock awards (in shares)       82,134      
Stock awards 1     $ 1      
Repurchase and retirement of preferred stock (in shares)   (96,803) (96,803)        
Repurchase and retirement of preferred stock (2,284)   $ (2,341)       57
Common stock dividends (22,545)           (22,545)
Preferred stock dividends (3,297)           (3,297)
Amortization of equity-based compensation 172       172    
Ending balance (in shares) at Jun. 30, 2025     7,019,710        
Ending balance (in shares) at Jun. 30, 2025       66,307,379      
Ending balance at Jun. 30, 2025 $ 709,376   $ 169,760 $ 663 4,166,345 0 (3,627,392)
Beginning balance (in shares) at Dec. 31, 2025 6,854,131   6,854,131        
Beginning balance (in shares) at Dec. 31, 2025 71,790,532     71,790,532      
Beginning balance at Dec. 31, 2025 $ 797,544   $ 165,756 $ 718 4,209,977 0 (3,578,907)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (19,904)           (19,904)
Proceeds from issuance of common stock, net of offering costs (in shares)       15,694,589      
Proceeds from issuance of common stock, net of offering costs 133,388     $ 157 133,231    
Stock awards (in shares)       851      
Stock awards 0            
Repurchase and retirement of preferred stock (in shares)     (64,688)        
Repurchase and retirement of preferred stock (1,592)   $ (1,565)       (27)
Common stock dividends (30,049)           (30,049)
Preferred stock dividends (3,190)           (3,190)
Amortization of equity-based compensation 157       157    
Ending balance (in shares) at Mar. 31, 2026     6,789,443        
Ending balance (in shares) at Mar. 31, 2026       87,485,972      
Ending balance at Mar. 31, 2026 $ 876,354   $ 164,191 $ 875 4,343,365 0 (3,632,077)
Beginning balance (in shares) at Dec. 31, 2025 6,854,131   6,854,131        
Beginning balance (in shares) at Dec. 31, 2025 71,790,532     71,790,532      
Beginning balance at Dec. 31, 2025 $ 797,544   $ 165,756 $ 718 4,209,977 0 (3,578,907)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 15,100            
Other comprehensive income (loss) $ 0            
Repurchase and retirement of preferred stock (in shares)   (111,910)          
Ending balance (in shares) at Jun. 30, 2026 6,742,221   6,742,221        
Ending balance (in shares) at Jun. 30, 2026 102,386,106     102,386,106      
Ending balance at Jun. 30, 2026 $ 990,321   $ 163,049 $ 1,024 4,461,196 0 (3,634,948)
Beginning balance (in shares) at Mar. 31, 2026     6,789,443        
Beginning balance (in shares) at Mar. 31, 2026       87,485,972      
Beginning balance at Mar. 31, 2026 876,354   $ 164,191 $ 875 4,343,365 0 (3,632,077)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 35,004           35,004
Other comprehensive income (loss) 0            
Proceeds from issuance of common stock, net of offering costs (in shares)       14,847,506      
Proceeds from issuance of common stock, net of offering costs 117,854     $ 148 117,706    
Stock awards (in shares)       52,628      
Stock awards 1     $ 1      
Repurchase and retirement of preferred stock (in shares)   (47,222) (47,222)        
Repurchase and retirement of preferred stock (1,139)   $ (1,142)       3
Common stock dividends (34,713)           (34,713)
Preferred stock dividends (3,165)           (3,165)
Amortization of equity-based compensation $ 125       125    
Ending balance (in shares) at Jun. 30, 2026 6,742,221   6,742,221        
Ending balance (in shares) at Jun. 30, 2026 102,386,106     102,386,106      
Ending balance at Jun. 30, 2026 $ 990,321   $ 163,049 $ 1,024 $ 4,461,196 $ 0 $ (3,634,948)