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Consolidated Statement of Changes in Equity - USD ($)
$ in Thousands
Total
Total Stockholder's Equity
Common Stock
Additional Paid-in Capital
Retained Earnings/(Accumulated Deficit)
Non-controlling Interest
Common Stock
Common Stock
Total Stockholder's Equity
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
Preferred Stock
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Preferred Stock, Value, Outstanding                     $ 355,551
Beginning balance (in shares) at Dec. 31, 2023 83,000,488   83,000,488                
Beginning balance at Dec. 31, 2023 $ 1,535,612 $ 1,517,071 $ 83 $ 1,514,797 $ (353,360) $ 18,541          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 34,051 33,569     33,569 482          
Stock Issued During Period, Shares, New Issues [1]                 2,103,725    
Stock Issued During Period, Value, New Issues [1]             $ 26,856 $ 26,856 $ 2 $ 26,854  
Contributions from non-controlling interests 2,084         2,084          
Dividends (36,936) (36,589)     (36,589) (347)          
Dividends, Preferred Stock, Cash (6,654) (6,654)     (6,654)            
Distributions to non-controlling interests (1,589)         (1,589)          
Adjustment to non-controlling interests   (524)   (524)   524          
Repurchase of shares of common stock (in shares)     (47,565)                
Repurchase of shares of common stock (524) (524)   (524)         0    
Share-based long term incentive plan unit awards 256 254   254   2          
Ending balance (in shares) at Mar. 31, 2024     85,056,648                
Ending balance at Mar. 31, 2024 $ 1,553,156 1,533,459 $ 85 1,540,857 (363,034) 19,697          
Beginning balance (in shares) at Dec. 31, 2023 83,000,488   83,000,488                
Beginning balance at Dec. 31, 2023 $ 1,535,612 1,517,071 $ 83 1,514,797 (353,360) 18,541          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 117,446                    
Stock Issued During Period, Shares, New Issues 7,715,891                    
Dividends $ (105,224)                    
Stock issued during period, shares, conversion of units 7,657                    
Repurchase of shares of common stock (in shares) (62,300)                    
Repurchase of shares of common stock $ (700)                    
Ending balance (in shares) at Sep. 30, 2024 90,661,736   90,661,736                
Ending balance at Sep. 30, 2024 $ 1,625,649 1,607,236 $ 91 1,613,740 (362,146) 18,413          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Dividends declared (in usd per share) $ 1,210                    
Preferred Stock, Value, Outstanding                     355,551
Beginning balance (in shares) at Mar. 31, 2024     85,056,648                
Beginning balance at Mar. 31, 2024 $ 1,553,156 1,533,459 $ 85 1,540,857 (363,034) 19,697          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 60,072 59,172     59,172 900          
Contributions from non-controlling interests 7,133         7,133          
Dividends (33,492) (33,166)     (33,166) (326)          
Dividends, Preferred Stock, Cash (6,825) (6,825)     (6,825)            
Distributions to non-controlling interests (6,334)         (6,334)          
Adjustment to non-controlling interests   (1)   (1)   1          
Repurchase of shares of common stock (in shares)     (14,735)                
Repurchase of shares of common stock (161) (161)   (161)         $ 0    
Share-based long term incentive plan unit awards $ 310 307   307   3          
Ending balance (in shares) at Jun. 30, 2024 85,041,913   85,041,913                
Ending balance at Jun. 30, 2024 $ 1,573,859 1,552,785 $ 85 1,541,002 (343,853) 21,074          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Preferred Stock, Value, Outstanding                     355,551
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 23,323 23,008     23,008 315          
Stock Issued During Period, Shares, New Issues 5,612,166               5,612,166 [1]    
Stock Issued During Period, Value, New Issues [1]             72,734 72,734 $ 6 72,728  
Contributions from non-controlling interests $ 770         770          
Dividends (34,796) (34,468)     (34,468) (328)          
Dividends, Preferred Stock, Cash (6,833) (6,833)     (6,833)            
Noncontrolling Interest, Decrease from Expiration of Employee Stock Options [2] (1,799)                    
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests [2] (729)                    
Distributions to non-controlling interests $ (1,192)         (1,192)          
Stock issued during period, shares, conversion of units 7,657               (7,657)    
Stock Issued During Period, Value, Conversion of Units   (106)   (106)   106          
Adjustment to non-controlling interests   (405)   (405)   405          
Repurchase of shares of common stock (in shares) 0                    
Share-based long term incentive plan unit awards $ 312 309   309   3          
Ending balance (in shares) at Sep. 30, 2024 90,661,736   90,661,736                
Ending balance at Sep. 30, 2024 $ 1,625,649 1,607,236 $ 91 1,613,740 (362,146) 18,413          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Dividends declared (in usd per share) $ 0.39                    
Preferred Stock, Value, Outstanding                     355,551
Preferred Stock, Value, Outstanding $ 331,958                   331,958
Beginning balance (in shares) at Dec. 31, 2024 90,678,492   90,678,492                
Beginning balance at Dec. 31, 2024 $ 1,590,822 1,570,476 $ 91 1,613,540 (375,113) 20,346          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 39,324 38,684     38,684 640          
Stock Issued During Period, Shares, New Issues [1]                 3,750,388    
Stock Issued During Period, Value, New Issues [1]             50,825 50,825 $ 3 50,822  
Contributions from non-controlling interests 5,569         5,569          
Dividends (36,232) (35,852)     (35,852) (380)          
Dividends, Preferred Stock, Cash (7,035) (7,035)     (7,035)            
Distributions to non-controlling interests (6,076)         (6,076)          
Adjustment to non-controlling interests   (3,249)   (3,249)   3,249          
Share-based long term incentive plan unit awards 419 415   415   4          
Ending balance (in shares) at Mar. 31, 2025     94,428,880                
Ending balance at Mar. 31, 2025 $ 1,637,616 1,614,264 $ 94 1,661,528 (379,316) 23,352          
Beginning balance (in shares) at Dec. 31, 2024 90,678,492   90,678,492                
Beginning balance at Dec. 31, 2024 $ 1,590,822 1,570,476 $ 91 1,613,540 (375,113) 20,346          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 128,155                    
Stock Issued During Period, Shares, New Issues 15,335,664                    
Dividends $ (114,953)                    
Stock issued during period, shares, conversion of units 0                    
Repurchase of shares of common stock (in shares) 0                    
Ending balance (in shares) at Sep. 30, 2025 106,066,429   106,066,429                
Ending balance at Sep. 30, 2025 $ 1,795,820 1,765,721 $ 106 1,818,381 (384,724) 30,099          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Dividends declared (in usd per share) $ 1,170                    
Preferred Stock, Value, Outstanding                     331,958
Beginning balance (in shares) at Mar. 31, 2025     94,428,880                
Beginning balance at Mar. 31, 2025 $ 1,637,616 1,614,264 $ 94 1,661,528 (379,316) 23,352          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 51,073 49,959     49,959 1,114          
Stock Issued During Period, Shares, New Issues [1]                 3,428,400    
Stock Issued During Period, Value, New Issues [1]             44,520 44,520 $ 4 44,516  
Shares Issued As Payment of Incentive Fee             444 444 $ 0 444  
Contributions from non-controlling interests 6,638         6,638          
Dividends (38,096) (37,655)     (37,655) (441)          
Dividends, Preferred Stock, Cash (7,036) (7,036)     (7,036)            
Distributions to non-controlling interests (6,688)         (6,688)          
Adjustment to non-controlling interests   28   28   (28)          
Share-based long term incentive plan unit awards $ 1,039 1,028   1,028   11          
Ending balance (in shares) at Jun. 30, 2025 97,891,157   97,891,157                
Ending balance at Jun. 30, 2025 $ 1,689,510 1,665,552 $ 98 1,707,544 (374,048) 23,958          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Shares Issued As Payment of Incentive Fee, Shares                 33,877    
Preferred Stock, Value, Outstanding                     331,958
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 37,758 36,578     36,578 1,180          
Stock Issued During Period, Shares, New Issues 8,156,876               8,156,876 [1]    
Stock Issued During Period, Value, New Issues [1]             110,022 110,022 $ 8 110,014  
Stock Issued During Period, Shares, Restricted Stock Award, Gross                 18,396    
Stock Issued During Period, Value, Restricted Stock Award, Gross           0 $ 0 $ 0 $ 0 $ 0  
Contributions from non-controlling interests $ 10,576         10,576          
Dividends (40,625) (40,180)     (40,180) (445)          
Dividends, Preferred Stock, Cash (7,074) (7,074)     (7,074)            
Distributions to non-controlling interests $ (5,414)         (5,414)          
Stock issued during period, shares, conversion of units 0                    
Adjustment to non-controlling interests   (232)   (232)   232          
Repurchase of shares of common stock (in shares) 0                    
Share-based long term incentive plan unit awards $ 1,067 1,055   1,055   12          
Ending balance (in shares) at Sep. 30, 2025 106,066,429   106,066,429                
Ending balance at Sep. 30, 2025 $ 1,795,820 $ 1,765,721 $ 106 $ 1,818,381 $ (384,724) $ 30,099          
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                      
Dividends declared (in usd per share) $ 390                    
Preferred Stock, Value, Outstanding $ 331,958                   $ 331,958
[1] Net of discounts and commissions and offering costs.
[2] See Note 18—Non-Controlling Interests in Longbridge for additional details.