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	Preferred Stock Total Stockholder's Equity
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS
Preferred Stock, Value, Outstanding													$ 227,432
Beginning balance (in shares) at Dec. 31, 2022		63,812,215		63,812,215
Beginning balance at Dec. 31, 2022		$ 1,220,886	$ 1,195,967	$ 64	$ 1,259,352	$ (290,881)	$ 24,919
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		$ 87,898	84,084			84,084	3,814
Stock Issued During Period, Shares, New Issues		20,181,690								20,181,690
Stock Issued During Period, Value, New Issues								$ 266,033	$ 266,033	$ 20		$ 266,013	128,119	$ 128,119
Contributions from non-controlling interests		$ 6,986					6,986
Dividends		(124,839)	(123,381)			(123,381)	(1,458)
Dividends, Preferred Stock, Cash		(23,182)	(23,182)			(23,182)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests		$ (15,194)					(15,194)
Stock issued during period, shares, conversion of units		90,919		(90,919)
Stock Issued During Period, Value, Conversion of Units			(1,295)		(1,295)		1,295
Adjustment to non-controlling interests			(754)		(754)		754
Repurchase of shares of common stock (in shares)		(1,084,336)		(1,084,336)
Repurchase of shares of common stock		$ (12,352)	(12,352)		(12,351)					$ 1
Share-based long term incentive plan unit awards		$ 1,257	1,242		1,242		15
Ending balance (in shares) at Dec. 31, 2023		83,000,488		83,000,488
Ending 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
Dividends declared (in usd per share)		$ 1,800
Preferred Stock, Value, Outstanding													$ 355,551
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		$ 148,104	145,861			145,861	2,243
Stock Issued During Period, Shares, New Issues		7,715,891								7,715,891
Stock Issued During Period, Value, New Issues								99,590	99,590	$ 8		99,582
Contributions from non-controlling interests		$ 12,991					12,991
Dividends		(140,924)	(139,582)			(139,582)	(1,342)
Dividends, Preferred Stock, Cash		(27,697)	(27,697)			(27,697)
Noncontrolling Interest, Decrease from Expiration of Employee Stock Options	[1]	(1,799)					(1,799)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	[1]	(729)					(729)
Distributions to non-controlling interests		$ (10,828)					(10,828)
Stock issued during period, shares, conversion of units		7,657		(24,413)
Stock Issued During Period, Value, Conversion of Units			(334)		(334)		334
Adjustment to non-controlling interests			(1,592)		(1,592)		1,592
Preferred Stock, Redemption Amount		$ (23,928)	(23,928)			(335)
Stock Redeemed or Called During Period, Shares													(23,593,000)
Repurchase of shares of common stock (in shares)		(62,300)		(62,300)
Repurchase of shares of common stock		$ (685)	(685)		(685)					$ 0
Share-based long term incentive plan unit awards		$ 1,115	1,104		1,104		11
Ending balance (in shares) at Dec. 31, 2024		90,678,492		90,678,492
Ending 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
Dividends declared (in usd per share)		$ 1,600
Preferred Stock Redemption Discount		$ 335
Preferred Stock, Value, Outstanding		331,958											$ 331,958
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		$ 150,769	146,869			146,869	3,900
Stock Issued During Period, Shares, New Issues		22,400,438								22,400,438	[2]
Stock Issued During Period, Value, New Issues	[2]							301,772	301,772	$ 22		301,750
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		$ 35,651					35,651
Dividends		(158,316)	(156,594)			(156,594)	(1,722)
Dividends, Preferred Stock, Cash		$ (28,126)	(28,126)			(28,126)
Stock issued during period, shares, conversion of units		7,657		(7,657)
Stock Issued During Period, Value, Conversion of Units			(102)		(102)		102
Ending balance (in shares) at Dec. 31, 2025		113,138,860		113,138,860
Ending balance at Dec. 31, 2025		$ 1,871,155	$ 1,834,259	$ 113	$ 1,915,152	$ (412,964)	$ 36,896
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS
Dividends declared (in usd per share)		$ 1,560
Preferred Stock Redemption Discount		$ 0
Preferred Stock, Value, Outstanding		$ 331,958											$ 331,958

[1] See Note 18—Non-Controlling Interests in Longbridge for additional details.

[2] Net of discounts and commissions and offering costs. (2)Includes issuance of stock to shareholders of Arlington Asset Investment Corp., resulting from a business combination. See Note 25, Business Combinations, for additional details.