CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Dec. 31, 2025	Dec. 31, 2024	Feb. 22, 2023	Feb. 21, 2023
Collateralized debt obligations		$ 3,511,802	$ 2,978,444
Senior unsecured notes		$ 360,437	$ 159,196
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized (in shares)		200,000,000	200,000,000	200,000,000	800,000,000
Common stock, shares issued (in shares)		90,303,863	90,574,996
Common stock, shares outstanding (in shares)		90,303,863	90,574,996
Total assets	[1]	$ 12,638,847	$ 9,217,282
Total liabilities	[1]	11,208,410	7,806,148
VIE, Primary Beneficiary
Collateralized debt obligations		235,226	275,200
Total assets		4,367,560	3,988,584
Total liabilities		$ 3,881,273	$ 3,477,211
Preferred Stock Series Shares
Preferred stock, par value (in dollars per share)		$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)		31,500,000	31,500,000
Preferred stock, shares issued (in shares)		22,385,674	22,164,414
Preferred stock, shares outstanding (in shares)		22,385,674	22,164,414
Preferred Stock, aggregate liquidation preference		$ 559,642	$ 554,110
Collateralized debt obligations, at fair value
Collateralized debt obligations		3,148,157	2,135,680
Collateralized debt obligations, at fair value | VIE, Primary Beneficiary
Collateralized debt obligations		3,148,157	2,135,680
Collateralized debt obligations, at amortized cost, net
Collateralized debt obligations		363,645	842,764
Collateralized debt obligations, at amortized cost, net | VIE, Primary Beneficiary
Collateralized debt obligations		363,645	842,764
Senior unsecured notes at fair value
Senior unsecured notes		260,852	60,310
Senior unsecured notes at amortized cost, net
Senior unsecured notes		$ 99,585	$ 98,886

[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) as the Company is the primary beneficiary of these VIEs. As of December 31, 2025 and December 31, 2024, assets of consolidated VIEs totaled $4,367,560 and $3,988,584, respectively, and the liabilities of consolidated VIEs totaled $3,881,273 and $3,477,211, respectively. See Note 7 for further discussion.