Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Net Interest Income | ||||||
| Interest income | $ 124,155 | $ 110,865 | $ 253,963 | $ 219,995 | ||
| Interest expense | 103,912 | 93,113 | 213,077 | 183,394 | ||
| Total Net Interest Income | 20,243 | 17,752 | 40,886 | 36,601 | ||
| Other Income/(Loss) | ||||||
| Net interest component of interest rate swaps | 296 | 821 | 698 | 1,558 | ||
| Net realized gain/(loss) | (1,844) | (3,494) | (1,962) | (3,484) | ||
| Net unrealized gain/(loss) | 4,422 | (40) | (12,038) | 762 | ||
| Total Other Income/(Loss) | 2,874 | (2,713) | (13,302) | (1,164) | ||
| Expenses | ||||||
| Management fee to affiliate | 2,311 | 2,301 | 4,630 | 4,628 | ||
| Non-investment related expenses | [1] | 2,306 | 2,507 | 4,962 | 5,787 | |
| Investment related expenses | [1] | 4,220 | 3,473 | 8,518 | 6,883 | |
| Transaction related expenses | [1] | 92 | 3,018 | 666 | 4,079 | |
| Total Expenses | 8,929 | 11,299 | 18,776 | 21,377 | ||
| Income/(loss) before equity in earnings/(loss) from affiliates | 14,188 | 3,740 | 8,808 | 14,060 | ||
| Equity in earnings/(loss) from affiliates | 269 | 231 | 2,269 | 1,416 | ||
| Income/(Loss) before Income Taxes | 14,457 | 3,971 | 11,077 | 15,476 | ||
| Income tax expense | 188 | 26 | 370 | 54 | ||
| Net Income/(Loss) | 14,269 | 3,945 | 10,707 | 15,422 | ||
| Dividends on preferred stock | 5,177 | 5,321 | 10,330 | 10,625 | ||
| Net Income/(Loss) Available to Common Stockholders | $ 9,092 | $ (1,376) | $ 377 | $ 4,797 | ||
| Earnings/(Loss) Per Share of Common Stock | ||||||
| Basic (in dollars per share) | $ 0.29 | $ (0.05) | $ 0.01 | $ 0.16 | ||
| Diluted (in dollars per share) | $ 0.29 | $ (0.05) | $ 0.01 | $ 0.16 | ||
| Weighted Average Number of Shares of Common Stock Outstanding | ||||||
| Basic (in shares) | 31,786 | 29,686 | 31,762 | 29,672 | ||
| Diluted (in shares) | 31,803 | 29,686 | 31,779 | 29,697 | ||
| Affiliated Entity | ||||||
| Expenses | ||||||
| Management fee to affiliate | [1] | $ 2,311 | $ 2,301 | $ 4,630 | $ 4,628 | |
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- Definition Amount of realized gain (loss) on investments and derivatives measured at fair value with changes in fair value recognized in net income. No definition available.
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- Definition Amount of unrealized gain (loss) on investments measured at fair value with changes in fair value recognized in net income. No definition available.
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- Definition Non-Investment Related Expenses No definition available.
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- Definition Realized Gain (Loss) On Periodic Interest Settlements Of Derivative Instruments, Net No definition available.
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- Definition Transaction Related Expenses (Reversal Of Expense) No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses related to the generation of investment income. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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