Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (unaudited)

v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance (in shares) 170,575,000    
Beginning balance $ 1,989,581 $ 1,802,706 $ 1,802,706
Net increase (decrease) in net assets resulting from operations $ 50,337 $ 90,964  
Public offering, net of offering expenses (in shares) 2,000,000.0 3,700,000  
Public offering, net of offering expenses $ 39,417 $ 66,408  
Issuance of common stock under equity-based award plans 87 478  
Shares retired on vesting of equity-based awards $ (3,556) $ (3,179)  
Distributions reinvested in common stock (in shares) 121,743 99,413  
Distributions reinvested in common stock $ 2,511 $ 1,780  
Distributions (81,384) (76,031) $ (312,244)
Stock-based compensation $ 3,637 [1] 2,812 [2]  
Ending balance (in shares) 173,285,000   170,575,000
Ending balance $ 2,000,630 $ 1,885,938 $ 1,989,581
Common Stock      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance (in shares) 170,575,000 157,758,000 157,758,000
Beginning balance $ 171 $ 158 $ 158
Public offering, net of offering expenses (in shares) 2,000,000 3,725,000  
Public offering, net of offering expenses $ 2 $ 4  
Issuance of common stock under equity-based award plans (in shares) 789,000 858,000  
Issuance of common stock under equity-based award plans $ 1 $ 1  
Shares retired on vesting of equity-based awards (in shares) (201,000) (210,000)  
Distributions reinvested in common stock (in shares) 122,000 99,000  
Distributions $ (80,616) $ (75,230)  
Ending balance (in shares) 173,285,000 162,230,000 170,575,000
Ending balance $ 174 $ 163 $ 171
Capital in excess of par value      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance 1,900,490 1,662,535 1,662,535
Public offering, net of offering expenses 39,415 66,404  
Issuance of common stock under equity-based award plans 86 477  
Shares retired on vesting of equity-based awards (3,556) (3,179)  
Distributions reinvested in common stock 2,511 1,780  
Stock-based compensation 3,637 [1] 2,812 [2]  
Ending balance 1,942,583 1,730,829 1,900,490
Distributable Earnings (loss)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance 88,920 140,013 140,013
Net increase (decrease) in net assets resulting from operations 50,337 90,964  
Distributions (81,384) (76,031)  
Ending balance $ 57,873 $ 154,946 $ 88,920
[1] Stock-based compensation includes $35 thousand of restricted stock and option expense related to director compensation for the three months ended March 31, 2025
[2] Stock-based compensation includes $35 thousand of restricted stock and option expense related to director compensation for the three months ended March 31, 2024.