Quarterly report pursuant to Section 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, 2024
Dec. 31, 2023
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares)       157,758,000    
Beginning balance $ 1,856,545 $ 1,652,057 $ 1,585,510 $ 1,802,706 $ 1,401,459 $ 1,401,459
Net increase (decrease) in net assets resulting from operations 68,711   27,967 $ 201,527 $ 217,306  
Public offering, net of offering expenses (in shares)       3,700,000 16,200,000  
Public offering, net of offering expenses (88)   107,562 $ 66,284 $ 238,310  
Issuance of common stock under equity-based award plans 75   163 2,976 378  
Shares retired on vesting of equity-based awards (1,165)   (675) $ (5,371) $ (12,503)  
Distributions reinvested in common stock (in shares)       342,129 197,592  
Distributions reinvested in common stock 2,445   1,057 $ 6,277 $ 2,936  
Distributions (77,943)   (72,534) (231,868) (204,687) $ (278,301)
Stock-based compensation $ 3,230 [1]   3,007 [2] $ 9,279 [1] 8,858 [2]  
Ending balance (in shares) 162,505,000 157,758,000   162,505,000   157,758,000
Ending balance $ 1,851,810 $ 1,802,706 $ 1,652,057 $ 1,851,810 $ 1,652,057 $ 1,802,706
Common Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares) 162,428,000 151,179,000 144,641,000 157,758,072 133,045,000 133,045,000
Beginning balance $ 163 $ 152 $ 145 $ 158 $ 134 $ 134
Public offering, net of offering expenses (in shares)     6,500,000 3,725,000 16,221,000  
Public offering, net of offering expenses     $ 7 $ 4 $ 16  
Issuance of common stock under equity-based award plans (in shares) 10,000   21,000 1,032,000 1,923,000  
Issuance of common stock under equity-based award plans       $ 1 $ 2  
Shares retired on vesting of equity-based awards (in shares) (69,000)   (48,000) (351,000) (208,000)  
Distributions reinvested in common stock (in shares) 136,000   65,000 341,000 198,000  
Distributions $ (77,263)   $ (71,860) $ (229,650) $ (202,556)  
Ending balance (in shares) 162,505,144 157,758,072 151,179,000 162,505,144 151,179,000 157,758,072
Ending balance $ 163 $ 158 $ 152 $ 163 $ 152 $ 158
Capital in excess of par value            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance 1,737,478 1,579,377 1,468,270 1,662,535 1,341,416 1,341,416
Public offering, net of offering expenses (88)   107,555 66,280 238,294  
Issuance of common stock under equity-based award plans 75   163 2,975 376  
Shares retired on vesting of equity-based awards (1,165)   (675) (5,371) (12,503)  
Distributions reinvested in common stock 2,445   1,057 6,277 2,936  
Stock-based compensation 3,230 [1]   3,007 [2] 9,279 [1] 8,858 [2]  
Ending balance 1,741,975 1,662,535 1,579,377 1,741,975 1,579,377 1,662,535
Distributable Earnings (loss)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance 118,904 72,528 117,095 140,013 59,909 59,909
Net increase (decrease) in net assets resulting from operations 68,711   27,967 201,527 217,306  
Distributions (77,943)   (72,534) (231,868) (204,687)  
Ending balance $ 109,672 $ 140,013 $ 72,528 $ 109,672 $ 72,528 $ 140,013
[1] 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
[2] Stock-based compensation includes $31 thousand and $81 thousand of restricted stock and option expense related to director compensation for the three and nine months ended September 30, 2023, respectively.