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 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance (in shares)   170,575,000     170,575,000    
Beginning balance $ 2,000,630 $ 1,989,581 $ 1,885,938 $ 1,802,706 $ 1,989,581 $ 1,802,706 $ 1,802,706
Net increase (decrease) in net assets resulting from operations 78,887   41,852   $ 129,224 $ 132,816  
Public offering, net of offering expenses (in shares)         10,400,000 3,700,000  
Public offering, net of offering expenses 149,434   (36)   $ 188,851 $ 66,372  
Issuance of common stock under equity-based award plans 25   2,423   112 2,901  
Shares retired on vesting of equity-based awards (1,051)   (1,027)   $ (4,607) $ (4,206)  
Distributions reinvested in common stock (in shares)         264,860 205,697  
Distributions reinvested in common stock 2,535   2,052   $ 5,046 $ 3,832  
Distributions (83,083)   (77,894)   (164,467) (153,925) $ (312,244)
Stock-based compensation $ 3,698 [1]   3,237 [2]   $ 7,335 [1] 6,049 [2]  
Ending balance (in shares) 181,729,000       181,729,000   170,575,000
Ending balance $ 2,151,075 $ 2,000,630 $ 1,856,545 $ 1,885,938 $ 2,151,075 $ 1,856,545 $ 1,989,581
Common Stock              
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance (in shares) 173,285,000 170,575,000 162,230,000 157,758,000 170,575,000 157,758,000 157,758,000
Beginning balance $ 174 $ 171 $ 163 $ 158 $ 171 $ 158 $ 158
Public offering, net of offering expenses (in shares) 8,354,000       10,354,000 3,725,000  
Public offering, net of offering expenses $ 8       $ 10 $ 4  
Issuance of common stock under equity-based award plans (in shares) 17,000   164,000   806,000 1,022,000  
Issuance of common stock under equity-based award plans         $ 1 $ 1  
Shares retired on vesting of equity-based awards (in shares) (70,000)   (72,000)   (271,000) (282,000)  
Distributions reinvested in common stock (in shares) 143,000   106,000   265,000 205,000  
Distributions $ (82,381)   $ (77,157)   $ (162,997) $ (152,387)  
Ending balance (in shares) 181,729,000 173,285,000 162,428,000 162,230,000 181,729,000 162,428,000 170,575,000
Ending balance $ 182 $ 174 $ 163 $ 163 $ 182 $ 163 $ 171
Capital in excess of par value              
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance 1,942,583 1,900,490 1,730,829 1,662,535 1,900,490 1,662,535 1,662,535
Public offering, net of offering expenses 149,426   (36)   188,841 66,368  
Issuance of common stock under equity-based award plans 25   2,423   111 2,900  
Shares retired on vesting of equity-based awards (1,051)   (1,027)   (4,607) (4,206)  
Distributions reinvested in common stock 2,535   2,052   5,046 3,832  
Stock-based compensation 3,698 [1]   3,237 [2]   7,335 [1] 6,049 [2]  
Ending balance 2,097,216 1,942,583 1,737,478 1,730,829 2,097,216 1,737,478 1,900,490
Distributable Earnings (loss)              
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance 57,873 88,920 154,946 140,013 88,920 140,013 140,013
Net increase (decrease) in net assets resulting from operations 78,887   41,852   129,224 132,816  
Distributions (83,083)   (77,894)   (164,467) (153,925)  
Ending balance $ 53,677 $ 57,873 $ 118,904 $ 154,946 $ 53,677 $ 118,904 $ 88,920
[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, 2025, respectively.
[2] 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.