Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (unaudited)

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares)       170,575,000    
Beginning balance $ 2,151,075 $ 1,851,810 $ 1,856,545 $ 1,989,581 $ 1,802,706 $ 1,802,706
Net increase (decrease) in net assets resulting from operations 119,685   68,711 $ 248,909 $ 201,527  
Public offering, net of offering expenses (in shares)       10,400,000 3,700,000  
Public offering, net of offering expenses (12)   (88) $ 188,839 $ 66,284  
Issuance of common stock under equity-based award plans 172   75 284 2,976  
Shares retired on vesting of equity-based awards (1,146)   (1,165) $ (5,753) $ (5,371)  
Distributions reinvested in common stock (in shares)       355,971 342,129  
Distributions reinvested in common stock 1,753   2,445 $ 6,799 $ 6,277  
Distributions (85,388)   (77,943) (249,855) (231,868) $ (312,244)
Stock-based compensation $ 3,726 [1]   3,230 [2] $ 11,061 [1] 9,279 [2]  
Ending balance (in shares) 181,776,000 170,575,000   181,776,000   170,575,000
Ending balance $ 2,189,865 $ 1,989,581 $ 1,851,810 $ 2,189,865 $ 1,851,810 $ 1,989,581
Common Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares) 181,729,000 162,505,000 162,428,000 170,575,000 157,758,000 157,758,000
Beginning balance $ 182 $ 163 $ 163 $ 171 $ 158 $ 158
Public offering, net of offering expenses (in shares)       10,354,000 3,725,000  
Public offering, net of offering expenses       $ 10 $ 4  
Issuance of common stock under equity-based award plans (in shares) 19,000   10,000 825,000 1,032,000  
Issuance of common stock under equity-based award plans       $ 1 $ 1  
Shares retired on vesting of equity-based awards (in shares) (63,000)   (69,000) (334,000) (351,000)  
Distributions reinvested in common stock (in shares) 91,000   136,000 356,000 341,000  
Distributions $ (84,752)   $ (77,263) $ (247,749) $ (229,650)  
Ending balance (in shares) 181,776,000 170,575,000 162,505,000 181,776,000 162,505,000 170,575,000
Ending balance $ 182 $ 171 $ 163 $ 182 $ 163 $ 171
Capital in excess of par value            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance 2,097,216 1,741,975 1,737,478 1,900,490 1,662,535 1,662,535
Public offering, net of offering expenses (12)   (88) 188,829 66,280  
Issuance of common stock under equity-based award plans 172   75 283 2,975  
Shares retired on vesting of equity-based awards (1,146)   (1,165) (5,753) (5,371)  
Distributions reinvested in common stock 1,753   2,445 6,799 6,277  
Stock-based compensation 3,726 [1]   3,230 [2] 11,061 [1] 9,279 [2]  
Ending balance 2,101,709 1,900,490 1,741,975 2,101,709 1,741,975 1,900,490
Distributable Earnings (loss)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance 53,677 109,672 118,904 88,920 140,013 140,013
Net increase (decrease) in net assets resulting from operations 119,685   68,711 248,909 201,527  
Distributions (85,388)   (77,943) (249,855) (231,868)  
Ending balance $ 87,974 $ 88,920 $ 109,672 $ 87,974 $ 109,672 $ 88,920
[1] Stock-based compensation includes $35 thousand and $106 thousand of restricted stock and option expense related to director compensation for the three and nine months ended September 30, 2025, respectively.
[2] Stock-based compensation includes $36 thousand and $107 thousand of restricted stock and option expense related to director compensation for the three and nine months ended September 30, 2024, respectively.