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 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance (in shares)     157,758,000    
Beginning balance $ 1,885,938 $ 1,499,006 $ 1,802,706 $ 1,401,459 $ 1,401,459
Net increase (decrease) in net assets resulting from operations 41,852 94,775 $ 132,816 $ 189,339  
Public offering, net of offering expenses (in shares)     3,700,000 9,700,000  
Public offering, net of offering expenses (36) 65,406 $ 66,372 $ 130,748  
Issuance of common stock under equity-based award plans 2,423 76 2,901 215  
Shares retired on vesting of equity-based awards (1,027) (10,311) $ (4,206) $ (11,828)  
Distributions reinvested in common stock (in shares)     205,697 133,142  
Distributions reinvested in common stock 2,052 939 $ 3,832 $ 1,879  
Distributions (77,894) (67,379) (153,925) (132,153) $ (278,301)
Stock-based compensation $ 3,237 [1] 2,998 [2] $ 6,049 [1] 5,851 [2]  
Ending balance (in shares) 162,428,000   162,428,000   157,758,000
Ending balance $ 1,856,545 $ 1,585,510 $ 1,856,545 $ 1,585,510 $ 1,802,706
Common Stock          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance (in shares) 162,230,000 138,596,000 157,758,072 133,045,000 133,045,000
Beginning balance $ 163 $ 139 $ 158 $ 134 $ 134
Public offering, net of offering expenses (in shares)   5,062,000 3,725,000 9,721,000  
Public offering, net of offering expenses   $ 5 $ 4 $ 9  
Issuance of common stock under equity-based award plans (in shares) 164,000 955,000 1,022,000 1,902,000  
Issuance of common stock under equity-based award plans   $ 1 $ 1 $ 2  
Shares retired on vesting of equity-based awards (in shares) (72,000) (44,000) (282,000) (160,000)  
Distributions reinvested in common stock (in shares) 106,000 72,000 205,000 133,000  
Distributions $ (77,157) $ (66,672) $ (152,387) $ (130,696)  
Ending balance (in shares) 162,428,083 144,641,000 162,428,083 144,641,000 157,758,072
Ending balance $ 163 $ 145 $ 163 $ 145 $ 158
Capital in excess of par value          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance 1,730,829 1,409,168 1,662,535 1,341,416 1,341,416
Public offering, net of offering expenses (36) 65,401 66,368 130,739  
Issuance of common stock under equity-based award plans 2,423 75 2,900 213  
Shares retired on vesting of equity-based awards (1,027) (10,311) (4,206) (11,828)  
Distributions reinvested in common stock 2,052 939 3,832 1,879  
Stock-based compensation 3,237 [1] 2,998 [2] 6,049 [1] 5,851 [2]  
Ending balance 1,737,478 1,468,270 1,737,478 1,468,270 1,662,535
Distributable Earnings (loss)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance 154,946 89,699 140,013 59,909 59,909
Net increase (decrease) in net assets resulting from operations 41,852 94,775 132,816 189,339  
Distributions (77,894) (67,379) (153,925) (132,153)  
Ending balance $ 118,904 $ 117,095 $ 118,904 $ 117,095 $ 140,013
[1] Stock-based compensation includes $36 thousand and $71 thousand of restricted stock and option expense related to director compensation for the three and six months ended June 30, 2024, respectively
[2] Stock-based compensation includes $30 thousand and $50 thousand of restricted stock and option expense related to director compensation for the three and six months ended June 30, 2023, respectively.