v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non-controlling interests
Beginning balance (in shares) at Dec. 31, 2024   118,960,000        
Beginning balance at Dec. 31, 2024 $ 2,405,075 $ 1,190 $ 2,592,964 $ (297,499) $ 40,101 $ 68,319
Ending balance (in shares) at Mar. 31, 2025   120,709,000        
Ending balance at Mar. 31, 2025 2,470,744 $ 1,207 2,646,415 (291,895) 37,675 77,342
Beginning balance (in shares) at Dec. 31, 2024   118,960,000        
Beginning balance at Dec. 31, 2024 2,405,075 $ 1,190 2,592,964 (297,499) 40,101 68,319
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 157,980     155,057   2,923
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts 7,307       7,176 131
Unrealized gain (loss) on interest rate swaps (16,840)       (16,539) (301)
Issued shares of common stock (in shares)   4,485,000        
Issued shares of common stock 122,728 $ 44 122,684      
Equity-based compensation 15,420   2,383     13,037
Other (in shares)   133,000        
Other 1,977 $ 2 5,605     (3,630)
Dividends and distributions (105,012)     (102,950)   (2,062)
Ending balance (in shares) at Jun. 30, 2025   123,578,000        
Ending balance at Jun. 30, 2025 2,588,635 $ 1,236 2,723,636 (245,392) 30,738 78,417
Beginning balance (in shares) at Mar. 31, 2025   120,709,000        
Beginning balance at Mar. 31, 2025 2,470,744 $ 1,207 2,646,415 (291,895) 37,675 77,342
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 99,795     98,445   1,350
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts 1,877       1,834 43
Unrealized gain (loss) on interest rate swaps (8,945)       (8,771) (174)
Issued shares of common stock (in shares)   2,755,000        
Issued shares of common stock 73,261 $ 27 73,234      
Equity-based compensation 5,596   1,086     4,510
Other (in shares)   114,000        
Other (727) $ 2 2,901     (3,630)
Dividends and distributions (52,966)     (51,942)   (1,024)
Ending balance (in shares) at Jun. 30, 2025   123,578,000        
Ending balance at Jun. 30, 2025 $ 2,588,635 $ 1,236 2,723,636 (245,392) 30,738 78,417
Beginning balance (in shares) at Dec. 31, 2025 127,644,496 127,644,000        
Beginning balance at Dec. 31, 2025 $ 2,657,869 $ 1,276 2,849,597 (323,071) 47,076 82,991
Ending balance (in shares) at Mar. 31, 2026   127,801,000        
Ending balance at Mar. 31, 2026 $ 2,534,814 $ 1,278 2,852,786 (449,905) 38,727 91,928
Beginning balance (in shares) at Dec. 31, 2025 127,644,496 127,644,000        
Beginning balance at Dec. 31, 2025 $ 2,657,869 $ 1,276 2,849,597 (323,071) 47,076 82,991
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 58,041     56,659   1,382
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts (12,147)       (11,883) (264)
Unrealized gain (loss) on interest rate swaps 24,557       24,023 534
Issued shares of common stock (in shares)   76,000        
Issued shares of common stock 2,452 $ 1 2,451      
Equity-based compensation 21,100   3,420     17,680
Other (in shares)   225,000        
Other 11,886 $ 2 1,883     10,001
Dividends and distributions $ (113,708)     (109,482)   (4,226)
Ending balance (in shares) at Jun. 30, 2026 127,945,053 127,945,000        
Ending balance at Jun. 30, 2026 $ 2,650,050 $ 1,279 2,857,351 (375,894) 59,216 108,098
Beginning balance (in shares) at Mar. 31, 2026   127,801,000        
Beginning balance at Mar. 31, 2026 2,534,814 $ 1,278 2,852,786 (449,905) 38,727 91,928
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 131,783     128,625   3,158
Unrealized gain (loss) on available-for-sale debt securities and retained interests in securitization trusts (2,031)       (1,790) (241)
Unrealized gain (loss) on interest rate swaps 22,690       22,279 411
Issued shares of common stock (64)   (64)      
Equity-based compensation 5,922   1,837     4,085
Other (in shares)   144,000        
Other 12,794 $ 1 2,792     10,001
Dividends and distributions $ (55,858)     (54,614)   (1,244)
Ending balance (in shares) at Jun. 30, 2026 127,945,053 127,945,000        
Ending balance at Jun. 30, 2026 $ 2,650,050 $ 1,279 $ 2,857,351 $ (375,894) $ 59,216 $ 108,098