Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY (unaudited)

v3.25.3
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock Par Value
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Cumulative Earnings
Cumulative Distributions to Stockholders
Balance at beginning of period at Dec. 31, 2023 $ 2,203,390 $ 613,213 $ 1,032 $ 5,925,424 $ (176,429) $ 1,349,973 $ (5,509,823)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 203,588         203,588  
Other comprehensive income (loss) before reclassifications (109,658)       (109,658)    
Amounts reclassified from accumulated other comprehensive loss 6,580       6,580    
Other comprehensive income (loss) (103,078)       (103,078)    
Repurchase and retirement of preferred stock (11,102) (11,746)       644  
Issuance of common stock, net of offering costs 54     54      
Preferred dividends declared (11,784)           (11,784)
Common dividends declared (47,081)           (47,081)
Non-cash equity award compensation 6,083   3 6,080      
Balance at end of period at Mar. 31, 2024 2,240,070 601,467 1,035 5,931,558 (279,507) 1,554,205 (5,568,688)
Balance at beginning of period at Dec. 31, 2023 2,203,390 613,213 1,032 5,925,424 (176,429) 1,349,973 (5,509,823)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss) 122,470            
Repurchase and retirement of preferred stock (11,102)            
Balance at end of period at Sep. 30, 2024 2,169,374 601,467 1,037 5,934,920 (53,959) 1,372,056 (5,686,147)
Balance at beginning of period at Mar. 31, 2024 2,240,070 601,467 1,035 5,931,558 (279,507) 1,554,205 (5,568,688)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 56,336         56,336  
Other comprehensive income (loss) before reclassifications (53,466)       (53,466)    
Amounts reclassified from accumulated other comprehensive loss 9,393       9,393    
Other comprehensive income (loss) (44,073)       (44,073)    
Issuance of common stock, net of offering costs 50     50      
Preferred dividends declared (11,784)           (11,784)
Common dividends declared (46,945)           (46,945)
Non-cash equity award compensation 1,643   1 1,642      
Balance at end of period at Jun. 30, 2024 2,195,297 601,467 1,036 5,933,250 (323,580) 1,610,541 (5,627,417)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (238,485)         (238,485)  
Other comprehensive income (loss) before reclassifications 267,864       267,864    
Amounts reclassified from accumulated other comprehensive loss 1,757       1,757    
Other comprehensive income (loss) 269,621       269,621    
Issuance of common stock, net of offering costs 61   1 60      
Preferred dividends declared (11,784)           (11,784)
Common dividends declared (46,946)           (46,946)
Non-cash equity award compensation 1,610     1,610      
Balance at end of period at Sep. 30, 2024 2,169,374 601,467 1,037 5,934,920 (53,959) 1,372,056 (5,686,147)
Balance at beginning of period at Dec. 31, 2024 2,122,509 601,467 1,037 5,936,609 (320,524) 1,648,785 (5,744,865)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (79,055)         (79,055)  
Other comprehensive income (loss) before reclassifications 110,220       110,220    
Amounts reclassified from accumulated other comprehensive loss 46,952       46,952    
Other comprehensive income (loss) 157,172       157,172    
Issuance of common stock, net of offering costs 82     82      
Preferred dividends declared (13,186)           (13,186)
Common dividends declared (47,256)           (47,256)
Non-cash equity award compensation 6,523   3 6,520      
Balance at end of period at Mar. 31, 2025 2,146,789 601,467 1,040 5,943,211 (163,352) 1,569,730 (5,805,307)
Balance at beginning of period at Dec. 31, 2024 2,122,509 601,467 1,037 5,936,609 (320,524) 1,648,785 (5,744,865)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss) 268,683            
Balance at end of period at Sep. 30, 2025 1,771,717 601,467 1,041 5,946,814 (51,841) 1,182,768 (5,908,532)
Balance at beginning of period at Mar. 31, 2025 2,146,789 601,467 1,040 5,943,211 (163,352) 1,569,730 (5,805,307)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (259,041)         (259,041)  
Other comprehensive income (loss) before reclassifications 33,113       33,113    
Amounts reclassified from accumulated other comprehensive loss 17,360       17,360    
Other comprehensive income (loss) 50,473       50,473    
Issuance of common stock, net of offering costs 68     68      
Preferred dividends declared (13,239)           (13,239)
Common dividends declared (40,956)           (40,956)
Non-cash equity award compensation 1,932   1 1,931      
Balance at end of period at Jun. 30, 2025 1,886,026 601,467 1,041 5,945,210 (112,879) 1,310,689 (5,859,502)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (127,921)         (127,921)  
Other comprehensive income (loss) before reclassifications 53,786       53,786    
Amounts reclassified from accumulated other comprehensive loss 7,252       7,252    
Other comprehensive income (loss) 61,038       61,038    
Issuance of common stock, net of offering costs 60     60      
Preferred dividends declared (13,324)           (13,324)
Common dividends declared (35,706)           (35,706)
Non-cash equity award compensation 1,544     1,544      
Balance at end of period at Sep. 30, 2025 $ 1,771,717 $ 601,467 $ 1,041 $ 5,946,814 $ (51,841) $ 1,182,768 $ (5,908,532)