v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Cumulative Common Distributions
Additional Paid in Capital
Cumulative Net Income
Cumulative Other Comprehensive Income
Beginning balance (in shares) at Dec. 31, 2024   33,327,307        
Beginning balance at Dec. 31, 2024 $ 851,873 $ 333 $ (5,906,966) $ 4,561,667 $ 2,194,974 $ 1,865
Increase (Decrease) in Shareholders' Equity            
Net loss (116,435)       (116,435)  
Equity interest in investee’s unrealized gains (losses) 153         153
Common share grants (in shares)   6,498        
Common share grants 664     664    
Common share repurchases (in shares)   (308)        
Common share repurchases (4)     (4)    
Common share forfeitures (in shares)   (4,153)        
Common share forfeitures (12)     (12)    
Distributions (1,666)   (1,666)      
Ending balance (in shares) at Mar. 31, 2025   33,329,344        
Ending balance at Mar. 31, 2025 734,573 $ 333 (5,908,632) 4,562,315 2,078,539 2,018
Beginning balance (in shares) at Dec. 31, 2024   33,327,307        
Beginning balance at Dec. 31, 2024 851,873 $ 333 (5,906,966) 4,561,667 2,194,974 1,865
Increase (Decrease) in Shareholders' Equity            
Net loss (154,594)          
Equity interest in investee’s unrealized gains (losses) 308          
Ending balance (in shares) at Jun. 30, 2025   33,372,166        
Ending balance at Jun. 30, 2025 695,944 $ 334 (5,910,299) 4,563,356 2,040,380 2,173
Beginning balance (in shares) at Mar. 31, 2025   33,329,344        
Beginning balance at Mar. 31, 2025 734,573 $ 333 (5,908,632) 4,562,315 2,078,539 2,018
Increase (Decrease) in Shareholders' Equity            
Net loss (38,159)       (38,159)  
Equity interest in investee’s unrealized gains (losses) 155         155
Common share grants (in shares)   56,595        
Common share grants 1,139 $ 1   1,138    
Common share repurchases (in shares)   (5,683)        
Common share repurchases (59)     (59)    
Common share forfeitures (in shares)   (8,090)        
Common share forfeitures (38)     (38)    
Distributions (1,667)   (1,667)      
Ending balance (in shares) at Jun. 30, 2025   33,372,166        
Ending balance at Jun. 30, 2025 695,944 $ 334 (5,910,299) 4,563,356 2,040,380 2,173
Beginning balance (in shares) at Dec. 31, 2025   33,614,025        
Beginning balance at Dec. 31, 2025 646,124 $ 336 (5,913,649) 4,564,716 1,992,653 2,068
Increase (Decrease) in Shareholders' Equity            
Net loss (151,178)       (151,178)  
Equity interest in investee’s unrealized gains (losses) 14         14
Common share grants 488     488    
Common share repurchases (in shares)   (3,111)        
Common share repurchases (31)     (31)    
Distributions (1,681)   (1,681)      
Ending balance (in shares) at Mar. 31, 2026   33,610,914        
Ending balance at Mar. 31, 2026 493,736 $ 336 (5,915,330) 4,565,173 1,841,475 2,082
Beginning balance (in shares) at Dec. 31, 2025   33,614,025        
Beginning balance at Dec. 31, 2025 646,124 $ 336 (5,913,649) 4,564,716 1,992,653 2,068
Increase (Decrease) in Shareholders' Equity            
Net loss (375,016)          
Equity interest in investee’s unrealized gains (losses) $ (57)          
Common share repurchases (in shares) (9,187)          
Ending balance (in shares) at Jun. 30, 2026   129,527,433        
Ending balance at Jun. 30, 2026 $ 806,455 $ 1,295 (5,921,801) 5,107,313 1,617,637 2,011
Beginning balance (in shares) at Mar. 31, 2026   33,610,914        
Beginning balance at Mar. 31, 2026 493,736 $ 336 (5,915,330) 4,565,173 1,841,475 2,082
Increase (Decrease) in Shareholders' Equity            
Net loss (223,838)       (223,838)  
Issuance of common shares, net (in shares)   95,833,333        
Issuance of common shares, net 541,798 $ 958   540,840    
Equity interest in investee’s unrealized gains (losses) (71)         (71)
Common share grants (in shares)   93,902        
Common share grants 1,369 $ 1   1,368    
Common share repurchases (in shares)   (6,076)        
Common share repurchases (49)     (49)    
Common share forfeitures (in shares)   (4,640)        
Common share forfeitures (19)     (19)    
Distributions (6,471)   (6,471)      
Ending balance (in shares) at Jun. 30, 2026   129,527,433        
Ending balance at Jun. 30, 2026 $ 806,455 $ 1,295 $ (5,921,801) $ 5,107,313 $ 1,617,637 $ 2,011