v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Total Company's Stockholders' Equity
Common Stock
Preferred Stock
Additional Paid-In Capital
Accumulated Deficit
Non-Controlling Interest in Consolidated VIEs
Beginning balance (in shares) at Dec. 31, 2024     90,574,996        
Beginning balance at Dec. 31, 2024 $ 1,398,775 $ 1,394,720 $ 906 $ 535,445 $ 2,289,044 $ (1,430,675) $ 4,055
Beginning balance (in shares) at Dec. 31, 2024       22,164,414      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income allocated to redeemable non-controlling interest 93,257 95,522       95,522 (2,265)
Stock issuance, net (in shares)       221,260      
Stock issuance, net 5,027 5,027   $ 5,027      
Common stock repurchases (in shares)     (231,200)        
Common stock repurchases (1,502) (1,502) $ (2)   (1,500)    
Stock based compensation (benefit) expense, net (in shares)     (36,020)        
Stock based compensation (benefit) expense, net 5,767 5,767 $ (1)   5,768    
Dividends declared on common stock (56,941) (56,941)       (56,941)  
Dividends declared on preferred stock (36,021) (36,021)       (36,021)  
Dividends attributable to dividend equivalents (1,687) (1,687)       (1,687)  
Contributions of non-controlling interest in Consolidated VIEs 1,028           1,028
Decrease in non-controlling interest related to distributions from Consolidated VIEs (2,530)           (2,530)
Adjustment of redeemable non-controlling interest to estimated redemption value (14,108) (14,108)     (14,108)    
Ending balance (in shares) at Sep. 30, 2025     90,307,776        
Ending balance at Sep. 30, 2025 1,391,065 1,390,777 $ 903 $ 540,472 2,279,204 (1,429,802) 288
Ending balance (in shares) at Sep. 30, 2025       22,385,674      
Beginning balance (in shares) at Dec. 31, 2024     90,574,996        
Beginning balance at Dec. 31, 2024 $ 1,398,775 1,394,720 $ 906 $ 535,445 2,289,044 (1,430,675) 4,055
Beginning balance (in shares) at Dec. 31, 2024       22,164,414      
Ending balance (in shares) at Dec. 31, 2025 90,303,863   90,303,863        
Ending balance at Dec. 31, 2025 $ 1,427,421 1,426,922 $ 903 $ 540,472 2,294,194 (1,408,647) 499
Ending balance (in shares) at Dec. 31, 2025 22,385,674     22,385,674      
Beginning balance (in shares) at Jun. 30, 2025     90,313,984        
Beginning balance at Jun. 30, 2025 $ 1,383,873 1,381,203 $ 903 $ 539,414 2,281,974 (1,441,088) 2,670
Beginning balance (in shares) at Jun. 30, 2025       22,339,909      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income allocated to redeemable non-controlling interest 44,026 44,820       44,820 (794)
Stock issuance, net (in shares)       45,765      
Stock issuance, net 1,058 1,058   $ 1,058      
Stock based compensation (benefit) expense, net (in shares)     (6,208)        
Stock based compensation (benefit) expense, net 2,439 2,439     2,439    
Dividends declared on common stock (20,772) (20,772)       (20,772)  
Dividends declared on preferred stock (12,118) (12,118)       (12,118)  
Dividends attributable to dividend equivalents (644) (644)       (644)  
Contributions of non-controlling interest in Consolidated VIEs 433           433
Decrease in non-controlling interest related to distributions from Consolidated VIEs (2,021)           (2,021)
Adjustment of redeemable non-controlling interest to estimated redemption value (5,209) (5,209)     (5,209)    
Ending balance (in shares) at Sep. 30, 2025     90,307,776        
Ending balance at Sep. 30, 2025 $ 1,391,065 1,390,777 $ 903 $ 540,472 2,279,204 (1,429,802) 288
Ending balance (in shares) at Sep. 30, 2025       22,385,674      
Beginning balance (in shares) at Dec. 31, 2025 90,303,863   90,303,863        
Beginning balance at Dec. 31, 2025 $ 1,427,421 1,426,922 $ 903 $ 540,472 2,294,194 (1,408,647) 499
Beginning balance (in shares) at Dec. 31, 2025 22,385,674     22,385,674      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income allocated to redeemable non-controlling interest $ (37,047) (55,352)       (55,352) 18,305
Stock issuance, net (in shares)     428,767        
Stock issuance, net 4,305 4,305 $ 4   4,301    
Common stock repurchases (in shares)     (612,464)        
Common stock repurchases (5,005) (5,005) $ (6)   (4,999)    
Stock based compensation (benefit) expense, net (in shares)     184,580        
Stock based compensation (benefit) expense, net 5,579 5,579 $ 2   5,577    
Dividends declared on common stock (72,027) (72,027)       (72,027)  
Dividends declared on preferred stock (35,311) (35,311)       (35,311)  
Dividends attributable to dividend equivalents (2,735) (2,735)       (2,735)  
Decrease in non-controlling interest related to distributions from Consolidated VIEs (22,055)           (22,055)
Adjustment of redeemable non-controlling interest to estimated redemption value $ 9,775 9,775     9,775    
Ending balance (in shares) at Sep. 30, 2026 90,304,746   90,304,746        
Ending balance at Sep. 30, 2026 $ 1,272,900 1,276,151 $ 903 $ 540,472 2,308,848 (1,574,072) (3,251)
Ending balance (in shares) at Sep. 30, 2026 22,385,674     22,385,674      
Beginning balance (in shares) at Jun. 30, 2026     89,879,786        
Beginning balance at Jun. 30, 2026 $ 1,469,470 1,472,463 $ 899 $ 540,472 2,306,071 (1,374,979) (2,993)
Beginning balance (in shares) at Jun. 30, 2026       22,385,674      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income allocated to redeemable non-controlling interest (159,281) (159,134)       (159,134) (147)
Stock issuance, net (in shares)     428,767        
Stock issuance, net 4,305 4,305 $ 4   4,301    
Stock based compensation (benefit) expense, net (in shares)     (3,807)        
Stock based compensation (benefit) expense, net 2,699 2,699     2,699    
Dividends declared on common stock (27,091) (27,091)       (27,091)  
Dividends declared on preferred stock (11,849) (11,849)       (11,849)  
Dividends attributable to dividend equivalents (1,019) (1,019)       (1,019)  
Decrease in non-controlling interest related to distributions from Consolidated VIEs (111)           (111)
Adjustment of redeemable non-controlling interest to estimated redemption value $ (4,223) (4,223)     (4,223)    
Ending balance (in shares) at Sep. 30, 2026 90,304,746   90,304,746        
Ending balance at Sep. 30, 2026 $ 1,272,900 $ 1,276,151 $ 903 $ 540,472 $ 2,308,848 $ (1,574,072) $ (3,251)
Ending balance (in shares) at Sep. 30, 2026 22,385,674     22,385,674