Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY (unaudited)

v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock Par Value
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Cumulative Earnings
Cumulative Distributions to Stockholders
Balance at beginning of period at Dec. 31, 2022 $ 2,183,525 $ 630,999 $ 864 $ 5,645,998 $ (278,711) $ 1,453,371 $ (5,268,996)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (176,808)         (176,808)  
Other comprehensive income (loss) before reclassifications 62,709       62,709    
Amounts reclassified from accumulated other comprehensive income 63,222       63,222    
Other comprehensive income (loss) 125,931       125,931    
Issuance of common stock, net of offering costs 177,729   102 177,627      
Preferred dividends declared (12,365)           (12,365)
Common dividends declared (58,381)           (58,381)
Non-cash equity award compensation 6,052   1 6,051      
Balance at end of period at Mar. 31, 2023 2,245,683 630,999 967 5,829,676 (152,780) 1,276,563 (5,339,742)
Balance at beginning of period at Dec. 31, 2022 2,183,525 630,999 864 5,645,998 (278,711) 1,453,371 (5,268,996)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss) (381,297)            
Balance at end of period at Sep. 30, 2023 2,117,228 618,579 962 5,826,133 (660,008) 1,782,654 (5,451,092)
Balance at beginning of period at Mar. 31, 2023 2,245,683 630,999 967 5,829,676 (152,780) 1,276,563 (5,339,742)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 197,445         197,445  
Other comprehensive income (loss) before reclassifications (156,306)       (156,306)    
Amounts reclassified from accumulated other comprehensive income 0            
Other comprehensive income (loss) (156,306)       (156,306)    
Repurchase and retirement of preferred stock (9,966) (12,420)       2,454  
Issuance of common stock, net of offering costs 149     149      
Repurchase of common stock (7,056)   (6) (7,050)      
Preferred dividends declared (12,115)           (12,115)
Common dividends declared (43,560)           (43,560)
Non-cash equity award compensation 1,735   1 1,734      
Balance at end of period at Jun. 30, 2023 2,216,009 618,579 962 5,824,509 (309,086) 1,476,462 (5,395,417)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 306,192         306,192  
Other comprehensive income (loss) before reclassifications (350,922)       (350,922)    
Amounts reclassified from accumulated other comprehensive income 0            
Other comprehensive income (loss) (350,922)       (350,922)    
Issuance of common stock, net of offering costs 48     48      
Preferred dividends declared (12,115)           (12,115)
Common dividends declared (43,560)           (43,560)
Non-cash equity award compensation 1,576     1,576      
Balance at end of period at Sep. 30, 2023 2,117,228 618,579 962 5,826,133 (660,008) 1,782,654 (5,451,092)
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 income 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            
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 income 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 income 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)