Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Beginning balance (in shares) 157,758,000    
Beginning balance $ 1,802,706 $ 1,401,459 $ 1,401,459
Net increase (decrease) in net assets resulting from operations $ 90,964 $ 94,564  
Public offering, net of offering expenses (in shares) 3,700,000 4,700,000  
Public offering, net of offering expenses $ 66,408 $ 65,342  
Issuance of common stock under equity-based award plans 478 139  
Shares retired on vesting of equity-based awards $ (3,179) $ (1,517)  
Distributions reinvested in common stock (in shares) 99,413 61,383  
Distributions reinvested in common stock $ 1,780 $ 940  
Distributions (76,031) (64,774) $ (278,301)
Stock-based compensation $ 2,812 [1] 2,853 [2]  
Ending balance (in shares) 162,230,000   157,758,000
Ending balance $ 1,885,938 $ 1,499,006 $ 1,802,706
Common Stock      
Beginning balance (in shares) 157,758,072 133,045,000 133,045,000
Beginning balance $ 158 $ 134 $ 134
Public offering, net of offering expenses (in shares) 3,725,000 4,659,000  
Public offering, net of offering expenses $ 4 $ 4  
Issuance of common stock under equity-based award plans (in shares) 858,000 947,000  
Issuance of common stock under equity-based award plans $ 1 $ 1  
Shares retired on vesting of equity-based awards (in shares) (210,000) (116,000)  
Distributions reinvested in common stock (in shares) 99,000 61,000  
Distributions $ (75,230) $ (64,023)  
Ending balance (in shares) 162,230,026 138,596,000 157,758,072
Ending balance $ 163 $ 139 $ 158
Capital in excess of par value      
Beginning balance 1,662,535 1,341,416 1,341,416
Public offering, net of offering expenses 66,404 65,338  
Issuance of common stock under equity-based award plans 477 138  
Shares retired on vesting of equity-based awards (3,179) (1,517)  
Distributions reinvested in common stock 1,780 940  
Stock-based compensation 2,812 [1] 2,853 [2]  
Ending balance 1,730,829 1,409,168 1,662,535
Distributable Earnings (loss)      
Beginning balance 140,013 59,909 59,909
Net increase (decrease) in net assets resulting from operations 90,964 94,564  
Distributions (76,031) (64,774)  
Ending balance $ 154,946 $ 89,699 $ 140,013
[1] Stock-based compensation includes $35 thousand of restricted stock and option expense related to director compensation for the three months ended March 31, 2024
[2] Stock-based compensation includes $20 thousand of restricted stock and option expense related to director compensation for the three months ended March 31, 2023.